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Global Airport Digitalization Growth Opportunities
Global Airport Digitalization Growth Opportunities
Digital Technologies and Data Analytics Drive Transformational Growth
21-Jul-2021
Global
Description
The airport digitalization market is a growth market estimated to generate more than $8.52 billion in revenue by 2030. A highly fragmented market, the top five companies contributed approximately 55% to the global revenue market in 2020. This figure is not expected to change significantly over the forecast period (2021–2030). The top companies in this market by estimated revenue include SITA, ADB Safegate, and Amadeus.
The aviation industry was severely affected by the COVID-19 pandemic, with overall 50% reduced capacity, 60% drop in passenger numbers, and $125 billion loss in airport revenues in 2020. Domestic traffic, however, is expected to show greater resilience than international traffic in the short and medium term. How quickly airports and airlines can recover from the pandemic is critical to the market growth. The increasing pace of vaccination globally will also have a positive effect on the market, but passenger traffic is expected to achieve pre-pandemic levels only by 2024.
Airports now accept that investment in physical infrastructure has its limitations and are turning to technology and process automation investments, resulting in higher digitalization adoption rates. The COVID-19 pandemic has affected airport revenues significantly, forcing airports to rethink their business continuity strategies and seek additional revenue streams to mitigate the risks of similar unexpected events in the future. As such, the focus on cargo and non-aeronautical revenues is gradually increasing, while technology investment has taken the front seat to cater to the need for contactless and safe travel.
Pent-up demand for aviation will pave the way to recovery for domestic traffic followed by international traffic. Regions such as North America and Asia-Pacific with high domestic passenger traffic potential are expected to lead in the recovery process, but international transit hubs recovery to 2019 levels will face delays. Enhanced collaborations between stakeholders is projected to drive industry investments for the next 5 years. Multimodal solutions that can integrate ground and air transport are appealing to airports, while information technology (IT) solutions that provide end-to-end travel ownership of the passenger experience will drive digitalization. Digital solutions integrating online and offline sales channels can lead to augmented spending and help enhance non-aeronautical revenues and the passenger experience to attract investments. Similarly, airports are expected to also consider total airport management solutions that help integrate stakeholders into a single value chain to drive predictive decision-making and holistic airport management. With digital technologies and data analytics on the rise, performance-based airport operations management is the future.
Author: Nripendra Bahadur Singh
Table of Contents
Key Highlights
Key Trends
Main Growth Opportunities in the Airport Digitalization Market
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top Three Strategic Imperatives on the Airport Digitalization Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Scope of Analysis
Market Segmentation
Key Competitors
Key Growth Metrics for the Airport Digitalization Market
Growth Drivers for Airport Digitalization
Growth Restraints for Airport Digitalization
Need for Digitalization at Airports
Evolution of Airport Digitalization
Airport Digitalization Objectives
Airport Innovation Roadmap
Pillars of Airport Digitalization
Trends in Airport Digitalization
Digital Roles in the Aviation Value Chain
Aviation Stakeholders’ Data Exchange Matrix
Data Flow Through Silos
Enabling Technologies for Digitalization
Technology Deployed at Different Stages of the Passenger Journey
Digitalization Benefits—Operational KPI
Joint Digitalization Improves Passenger Experience and Efficiencies
Common Implementation Challenges for Joint Digitalization
Investments Drivers and Challenges
Global Airports—Non-aero and Aero Revenue Split
Organizational Readiness for Digitalization
Digitalization Priorities in Airport Operations
Digitalization Priorities in Airport Process Automation
Digitalization Priorities in Resource Performance and Productivity
Strategic Risks of Digitalization Non-adoption
Forecast Assumptions
Revenue Forecast
Revenue Forecast by Airport Tier
Revenue Forecast by Region
Revenue Forecast Analysis
Revenue Forecast Analysis by Airport Tier
Pricing Trends and Forecast Analysis
Competitive Environment
Revenue Share of Top 5 Participants
Revenue Share Analysis
Next Wave of Competition
Key Growth Metrics for Airport Digitalization—Africa
Revenue Forecast for Airport Digitalization—Africa
Revenue Forecast by Airport Tier for Airport Digitalization—Africa
Forecast Analysis by Airport Tier for Airport Digitalization—Africa
Key Growth Metrics for Airport Digitalization—Asia-Pacific
Revenue Forecast for Airport Digitalization—Asia-Pacific
Revenue Forecast by Airport Tier for Airport Digitalization—Asia-Pacific
Forecast Analysis by Airport Tier for Airport Digitalization—Asia-Pacific
Key Growth Metrics for Airport Digitalization—Europe
Revenue Forecast for Airport Digitalization—Europe
Revenue Forecast by Airport Tier for Airport Digitalization—Europe
Forecast Analysis by Airport Tier for Airport Digitalization—Europe
Key Growth Metrics for Airport Digitalization—Latin America
Revenue Forecast for Airport Digitalization—Latin America
Revenue Forecast by Airport Tier for Airport Digitalization—Latin America
Forecast Analysis by Airport Tier for Airport Digitalization—Latin America
Key Growth Metrics for Airport Digitalization—Middle East
Revenue Forecast for Airport Digitalization—Middle East
Revenue Forecast by Airport Tier for Airport Digitalization—Middle East
Forecast Analysis by Airport Tier for Airport Digitalization—Middle East
Key Growth Metrics for Airport Digitalization—North America
Revenue Forecast for Airport Digitalization—North America
Revenue Forecast by Airport Tier for Airport Digitalization—North America
Forecast Analysis by Airport Tier for Airport Digitalization—North America
Growth Opportunity 1: Multimodality to Boost Passenger Experience
Growth Opportunity 1: Multimodality to Boost Passenger Experience (continued)
Growth Opportunity 2: Digital Retail to Boost Non-aero Revenues
Growth Opportunity 2: Digital Retail to Boost Non-aero Revenues (continued)
Growth Opportunity 3: Full-scale Biometric Implementation for Faster Passenger Processing
Growth Opportunity 3: Full-scale Biometric Implementation for Faster Passenger Processing (continued)
Growth Opportunity 4: Total Airport Management to Optimize Efficiencies
Growth Opportunity 4: Total Airport Management to Optimize Efficiencies (continued)
Key Takeaways
Your Next Steps
Why Frost, Why Now?
List of Exhibits
List of Exhibits (continued)
Legal Disclaimer
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| No Index | No |
|---|---|
| Podcast | No |
| Author | Nripendra Bahadur Singh |
| Industries | Aerospace, Defence and Security |
| WIP Number | PBAD-01-00-00-00 |
| Is Prebook | No |
| GPS Codes | 9000-A1 |