Market Trends of Airport Terminal Operations Industry
The Baggage Screening Segment is Anticipated to Dominate Market Share During the Forecast Period.
Major airports are focusing on minimizing passenger delays at checkpoints while maintaining an advanced level of security. The modernization of new airports and technological advancements fuel the market's growth.
The increasing focus on improving operational efficiency at airports is expected to lead the market's growth in the coming years. Technological advancements, such as robot utilization for baggage handling processes and endeavors, including establishing new airports and expanding existing terminals, are expected to show a positive outlook for the growth of this segment.
The renovation of baggage screening systems at various airports will also lead to growth in the market. In addition, most global airport authorities are now investing in renewing airport infrastructure to offer better comfort and baggage handling experience. According to the International Air Transport Association (IATA), the global adoption of RFID can help the aviation industry save billions of dollars over the coming years. For instance, in March 2022, Analogic Corporation announced that the company's ConneCT computed tomography (CT) checkpoint security screening system had been deployed at a TSA checkpoint at the Plattsburgh International Airport (PBG) in the US. Integrating the new CT system is part of the TSA’s Checkpoint Property Screening Systems (CPSS) program, which will have Analogic install over 300 mid-size CPSS systems into airport security checkpoints around the country. Similar initiatives by airport operators in other regions are expected to propel segment growth during the forecast period.
Asia-Pacific is Anticipated to Dominate the Market During the Forecast Period
Asia-Pacific is expected to dominate market share and witness the highest growth during the forecast period. This is primarily due to the construction of new airports and the modernization of the existing airport facilities, mostly in India, China, and some countries in Southeast Asia, like Vietnam and Thailand, to increase their passenger handling capacities. China had a total of more than 230 civil airports by 2018, and China is planning to have a total of 450 airports by 2035 by building around 220 new airports in the next 16 years to cater to the growing air passenger traffic demand. Also, in February 2022, Beijing Capital International Airport (BCIA) announced its intentions to offer a comfortable and efficient travel experience using integrated smart technologies, injecting smart technology into a variety of smart fields, from pandemic prevention and control to passenger service enhancement and airport operation efficiency improvement.
Also, airport managers are replacing the old systems with newer ones so that screening can be done more quickly and efficiently. For example, in January 2022, the Perth Airport started a project called "Passenger Screening Reform (CT Upgrade)" to update the infrastructure for screening passengers in all terminals. Under the project, the airport will install new body scanners, explosive trace detection systems, walkthrough metal detectors, x-ray machines, and secondary viewing stations with explosive trace detectors at its terminals to boost domestic and international aviation security. Several such procurements are scheduled to materialize during the forecast period, and such procurements are anticipated to accelerate the growth of the market.
