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Advanced Airport Technologies: Global Markets to 2022NEW YORK, Nov. 28, 2017 /PRNewswire/ -- • The global market for advanced airport technologies totaled $20.3 billion in 2016. The market should total nearly $21.3 billion in 2017 and $27.2 billion in 2022, registering a compound annual growth rate (CAGR) of 5.1% from 2017 to 2022. Study Goals and Objectives The overall goal of this report is to comprehensively describe and quantify the worldwide market for advanced airport technologies such as air traffic management and control, communications, and landing aids. (See below for a more complete listing of the technologies covered in this report.) Other reports on the market tend to focus on one technology (e.g., airport security) and/or a single country or geographic area. However, many market players sell in worldwide markets and supply more than one type of airport-related technology. Thus, an up-to-date report that enables them to look at global markets and make strategic decisions based on a comparison of individual product segments would seem to offer obvious value. Reasons for Doing This Study This report is an update of a BCC Research report that was published in 2014.The market for advanced airport technologies, and the technologies themselves, have continued to develop in the three years since the previous edition was published. Suppliers of advanced airport technologies need to understand these trends in order to manage their enterprise and resources effectively. Users of these technologies also need to understand the implications of these changes in order to select the most cost-effective option among available products and technologies prior to committing significant capital resources. Scope of Report The report covers the worldwide market for these electronic, electro-optical and other modern technologies used in airports: • Air/ground traffic management and control systems. • Landing aids, guidance and lighting. • Airport communications. • Digital information display solutions. • Airport management software. • Security, fire protection and emergency services. • Passenger and baggage handling and control. • Car parking systems. This report covers only technologies and equipment that are based at the airport or nearby. The emphasis is on civil aviation; the military market is not covered in detail. Information Sources Both primary and secondary research methodologies were used in preparing this report. All findings and conclusions are based on information gathered from industry sources, including airports, airlines, engineering and consulting firms, and technology suppliers. Interview data were combined with information gathered through an extensive review of secondary sources, such as trade publications, trade associations, company literature and online databases, to produce the projections contained in this report. Methodology With 2016 as a baseline, market projections were developed for 2017 to 2022. These projections are based on a combination of a consensus among the primary contacts, combined with our understanding of the key market drivers and their impact from a historical and analytical perspective. Methodologies and assumptions used to develop the market projections in this report are discussed under the various types of airport technologies addressed. This report carefully documents data sources and assumptions. In this way, readers can see how the market estimates were developed and, if they so desire, test the impact on the final numbers of changing assumptions such as price. Geographic Breakdown The report encompasses the following geographical markets: • United States and other North America. • Latin America/Caribbean. • Europe. • Asia-Pacific. • Africa. Advanced Airport Technologies, by Type Comunications Security, Fire and Emergency Passenger, Baggage, Cargo Control Air/Ground Traffic Management and Control Other Technologies Chapter 2: Summary and Highlights This report covers the worldwide market for electronic, electro-optical, and other modern technologies used in airports, principally air/ground traffic control, communications, digital signage, airport management software, security/fire protection/emergency response systems, passenger/baggage/cargo systems, and car parking control systems. BCC Research estimates the global market for these technologies to have been more than $20.3 billion in 2016. BCC Research expects the market to exceed $21.3 billion in 2017 and approach $27.3 billion in 2022, a CAGR of 5.1% over the next five years. Readers of the previous (2014) edition of this report will note that this edition's market estimates are significantly higher than the estimates in the 2014 edition, particularly in the passenger, baggage and cargo handling and control segment and the communications segment. Industry sources, on whose estimates BCC Research based its own market estimates and projections, differ widely regarding the size of these segments. BCC Research settled on a figure near the lower end of the range of industry estimates in 2014, but based on the data which are presently available, now believes that its earlier estimates were too conservative. Passenger, baggage and cargo handling systems made up the largest segment of the market in 2016, with a 39.6% share. Other major market segments in 2016 included communications systems (22.1%) security, fire protection and emergency services (10.3%), and air/ground traffic control (8.4%). Digital signage systems is the fastest growing segment, with a CAGR of 10% over the next five years, increasing its market share from 6.6% in 2016 to a projected 8.8% in 2022. The security, fire protection, and emergency services segment is also growing faster than the market as a whole (i.e., at a CAGR of 8.2%), and consequently is expected to increase its market share from 10.3% in 2016 to 11.7% in 2022. Other segments are expected to lose market share from 2016 to 2022. Read the full report: https://www.reportlinker.com/p05222519 About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________ Contact Clare: [email protected] US: (339)-368-6001 Intl: +1 339-368-6001 View original content:http://www.prnewswire.com/news-releases/advanced-airport-technologies-global-markets-to-2022-300562966.html SOURCE Reportlinker |