Managing Passenger Traffic Amidst Infrastructure Constraints Is Driving Growth of the Airport Passenger Flow Market

Managing Passenger Traffic Amidst Infrastructure Constraints Is Driving Growth of the Airport Passenger Flow Market

Advancements in Internet of Things and Video Analytics will Drive the Adoption of Passenger Flow Solutions

RELEASE DATE
14-Dec-2020
REGION
Global
Research Code: MF82-01-00-00-00
SKU: AE01439-GL-MT_24963

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$4,207.50 save 15 %

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Description

Passenger flow management includes digital solutions that airports use to ensure a seamless passenger experience across touchpoints, reduce wait times, and increase dwell times to improve airports’ non-aeronautical revenue.

Airports had been experiencing an increase in passenger traffic until the COVID-19 pandemic roiled the travel industry. The pandemic will accelerate digital transformation projects related to passenger experience, with self-service becoming a priority. Airports’ spending capacity declined in 2020 because of travel restrictions in place around the world; private airports that tended to be early adopters of passenger flow management solutions were among those most affected.

Regulations focused on passenger data security and integrity will be a challenge for the development and implementation of passenger flow management solutions. Internet of Things technologies will drive market growth, but a concern is that the implementation of sensors on a large scale increases the number of entry points for cyberattacks that could disrupt airport operations.

The majority of solution providers in the market are small companies. The market is still in a nascent stage, even though major Tier I private airports have had some sort of rudimentary passenger flow solutions in-house for some time. Integration of solutions into legacy airport information technology infrastructure will be a complex task, so partnering with mature airport technology vendors will help solution providers in this process and allow them to gain entry to multiple airports.

Table of Contents

Why Is It Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top Three Strategic Imperatives on the Airport Information Technology Market

Growth Opportunities Fuel the Growth Pipeline Engine™

Key Findings

CEO’s Perspective

Scope of Analysis

Roles and Responsibilities in Airport Passenger Flow Management

Stakeholder Roles in Airport Passenger Flow Management Ecosystem

Market Segmentation

Passenger Queue Management

Passenger Detection and Tracking Management

Mobility and Location-based Service Platforms

Key Competitors

Growth Metrics

Growth Drivers

Growth Driver Analysis

Growth Driver Analysis (continued)

Growth Restraints

Growth Restraint Analysis

Forecast Considerations

Revenue Forecast

Revenue Forecast Discussion

Revenue Forecast by Industry Vertical

Revenue Forecast Analysis by Industry Vertical

Revenue Forecast by Region

Revenue Forecast by Region Discussion

Revenue Share

Competitive Factors and Assessment

Competitive Environment

Prolonged Crises will Lead to High Levels of Uncertainty Restricting Travel and Global Economy Strength

Stakeholders Aim to Reduce Physical Contact at All Touchpoints

COVID-19 Impact on Airports—Future Outlook

Growing Demand Leading to Infrastructure Constraint

Digitalization of Airports

Data Protection and Privacy Regulations

Internet of Things will Play a Major Role in Tracking Passenger Clusters in a Post-COVID-19 World

Passenger Self-Service Eliminating Queues and Ensuring Contactless Experience across Touchpoints

Cybersecurity

Blockchain Single Source of Identity for Passenger will Enhance Security and Passenger Processing

5G Communication will Escalate Internet of Things and Self-Service Capabilities

Case Studies—Key Technologies

Vendors are Pursuing Deals to Strengthen Product Portfolios

Competitor Profile—Veovo

Competitor Profile—SITA

Competitor Profile—Xovis

Competitor Profile—Foxstream

Growth Metrics

Revenue Forecast

Revenue Forecast by Vertical

Growth Metrics

Revenue Forecast

Revenue Forecast by Vertical

Growth Metrics

Revenue Forecast

Revenue Forecast by Vertical

Growth Metrics

Revenue Forecast

Revenue Forecast by Vertical

Growth Metrics

Revenue Forecast

Revenue Forecast by Vertical

Growth Opportunity 1—Focus on Passenger Flow Automation

Growth Opportunity 1—Focus on Passenger Flow Automation (continued)

Growth Opportunity 2—Focus on Data Sharing and Cybersecurity Capabilities

Growth Opportunity 2—Focus on Data Sharing and Cybersecurity Capabilities (continued)

The Last Word—Three Big Predictions

Your Next Steps

Why Frost, Why Now?

List of Exhibits

List of Exhibits (continued)

Legal Disclaimer

Passenger flow management includes digital solutions that airports use to ensure a seamless passenger experience across touchpoints, reduce wait times, and increase dwell times to improve airports non-aeronautical revenue. Airports had been experiencing an increase in passenger traffic until the COVID-19 pandemic roiled the travel industry. The pandemic will accelerate digital transformation projects related to passenger experience, with self-service becoming a priority. Airports spending capacity declined in 2020 because of travel restrictions in place around the world; private airports that tended to be early adopters of passenger flow management solutions were among those most affected. Regulations focused on passenger data security and integrity will be a challenge for the development and implementation of passenger flow management solutions. Internet of Things technologies will drive market growth, but a concern is that the implementation of sensors on a large scale increases the number of entry points for cyberattacks that could disrupt airport operations. The majority of solution providers in the market are small companies. The market is still in a nascent stage, even though major Tier I private airports have had some sort of rudimentary passenger flow solutions in-house for some time. Integration of solutions into legacy airport information technology infrastructure will be a complex task, so partnering with mature airport technology vendors will help solution providers in this process and allow them to gain entry to multiple airports.
More Information
No Index No
Podcast No
Author Abhilash Varkey Abraham
Industries Aerospace, Defence and Security
WIP Number MF82-01-00-00-00
Is Prebook No
GPS Codes 9000-A1