Wellesley, Mass. – According to a new technical market research report, THE GLOBAL MARKET FOR ADVANCED AIRPORT TECHNOLOGIES (IAS024B) from BCC Research (www.bccresearch.com), the global market for advanced airport technologies is worth an estimated $10.3 billion in 2010, but is expected to increase to $13.7 billion in 2015, for a 5-year compound annual growth rate (CAGR) of 5.9%.
The market segment made up of security, fire protection, and emergency services is expected to reach $2 billion in 2015, after decreasing at a CAGR of -7.1% from the estimated 2010 value of nearly $2.9 billion.
The segment made up of communications systems is expected to increase from an estimated $1.5 billion in 2010 to more than $2.6 billion in 2015, for a 5-year CAGR of 11.9%.
The passenger, baggage, and cargo handling and control segment is projected to reach $2.1 billion in 2015, after rising at a CAGR of 6% from the estimated 2010 value of nearly $1.6 billion.
The segment made up of air/ground traffic management and control will rise at a CAGR of 11.4%, from an estimated $2.3 billion in 2010 to nearly $3.9 billion in 2015.
The other technologies segment includes navigational and landing aids, digital signage, airport management software, and car parking systems. It is expected to rise from $2.1 billion in 2010 to $3.1 billion in 2015, for a 5-year CAGR of 8.6%.
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.
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.
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. It covers only technologies and equipment that are based at the airport or nearby. The emphasis is on civil aviation; the military market is not covered in detail.
The study 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.
Source: BCC Research
The Global Market for Advanced Airport Technologies( IAS024B )
Publish Date: July 2010
Data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC, 49 Walnut Park, Building 2, Wellesley, MA 02481, Telephone: 866-285-7215; Email: email@example.com as the source and publisher. Thank you.