subject: The Global Market For Advanced Airport Technologies [print this page] The Global Market for Advanced Airport Technologies
Highlights
* BCC estimates the global market for advanced airport technologies at nearly $8.2 billion in 2009. BCC expects the market to approach $10.3 billion in 2010 and exceed $13.7 billion in 2015, a compound annual growth rate (CAGR) of 5.9% over the next 5 years.
* Security, fire and emergency services were the largest segment of the market in 2009, with a 22% share. However, this segment will experience a negative compound annual growth rate (CAGR) of -7.1% from $2.9 billion in 2010 to $2 billion in 2015.
* Segments that are growing faster than the market as a whole include communications, with a compound annual growth rate (CAGR) of 11.9% over the 5-year forecast period, from $1.5 billion in 2010 to $2.6 billion in 2015.
INTRODUCTION
STUDY BACKGROUND
Airports are the backbone of the worldwide commercial air transportation system. The rapid growth of this sector creates a continuing need to expand airports and provide high-quality services. At the same time, technological, regulatory, security, and economic trends are placing new demands on airports.
A major example of technological developments that are forcing airports to introduce new technologies is the introduction of new super-jumbo aircraft such as the Airbus 380. The A380, which can carry up to 850 passengers in some configurations, will require many airports to upgrade their baggage-handling systems and other ground infrastructure.
Regulatory developments often are tied to technological developments. For example, regulatory authorities, such as the Federal Aviation Administration (FAA), are working toward the implementation of Global Positioning System (GPS)-based approach and landing control systems such as LAAS (Local Area Augmentation System). In the future, at least some airports may be required to install LAAS or similar systems.
Airport security has been a major concern for decades due the vulnerability of commercial aircraft to hijacking. The first recorded aircraft hijacking was in the early 1930s, but there was a large increase in the number of hijacked aircraft in the late 1960s, initially to Cuba but later to the Middle East. Since then, the number of hijackings has decreased, but the horrific events of September 11, 2001, placed airport security in the limelight again.
The result has been a worldwide effort to develop and deploy technologies to prevent terrorists from gaining access to aircraft. The effort to secure the worlds civilian air fleet has become a race, with terrorists finding new ways to circumvent the security measures that have been put in place, as in the case of the underpants bomber who nearly succeeded in bombing Northwest Flight 253 on Christmas Day 2009.
On the economic front, the privatization of many formerly government-run airports around the world has created a growing class of airport operators with the financial means and the incentives to invest in modernizing their facilities and infrastructure. The modernization of facilities and systems can help these private airport operators improve their bottom line by cutting costs and increasing traffic and revenues.
The net result of these trends is that over the next 20 years, airport operators are expected to spend hundreds of billions of dollars on new airport construction, expansion, and modernization.
GOALS AND OBJECTIVES
This report is an update of a BCC report that was published in 2007. 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.
INTENDED AUDIENCE
This report is intended especially for executives, entrepreneurs, investors, venture capitalists, and other readers with a need to know where the market for advanced airport technologies is headed and where the greatest potential for growth exists in the next 5 years. The reports findings and conclusions should also be of interest to the broader aviation and transportation security communities.
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