Global COVID-19 Impact on Airport Operation market accounted for $7.66 billion in 2019 and is expected to reach $16.81 billion by 2027 growing at a CAGR of 14.0% during the forecast period. An increase in demand for passenger screening and management systems at airports, increasing demand for thermal scanners and biometric solutions and rise in demand for air cargo activity are some of the key driving factors for the market growth.
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By geography, Asia Pacific region holds a largest market share in the aircraft operation technologies industry. The shortfall in the number of passengers and the cancellation of flights have led to reduced revenues from airport charges such as landing & parking charges paid by airlines and passenger service & security charges paid by passengers. While aeronautical revenues are drying up, the cost base for airport operations remains unchanged as airports can neither close nor relocate their terminals during the outbreak in the region.
Some of the key players profiled in the COVID-19 Impact on Airport Operation include FLIR Systems, Honeywell, SITA, Collins Aerospace, Siemens AG, Fluke Corporation, Thales Group, Daifuku Co Ltd, and Amadeus IT Group Company.
Technologies Covered in COVID-19 Impact on Airport Operation Market
• Screening
• Baggage Scanners
• Passenger Screening
• E-gate & E-Kiosk
• 5G infrastructure
• Cybersecurity Solutions
• Ground Support Equipment
• Smart Tag & Radio-frequency identification (RFID)
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