Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 9 Billion | USD 16 Billion | 6.4% | 2023 |
The U.S. airport operations market size was evaluated at $9 billion in 2023 and is slated to hit $16 billion by the end of 2032 with a CAGR of nearly 6.4% between 2024 and 2032.
Airport operations include a slew of processes key to the effective functioning of airports. They ensure the safety and secure movement of aircraft, cargo, and passengers. Furthermore, airport operations include airside operations, security operations, infrastructure management, terminal operations, emergency management, and traffic management.
An increment in the number of air passengers to boost the U.S. market growth trends by 2032
Increasing number of air travelers due to a reduction in the rates of airfares will prop up the expansion of the U.S. airport operations market. Furthermore, swift infrastructural growth and automation of airports in the U.S. will drive the market trends in the country. Flourishing e-commerce activities coupled with changes witnessed in the travel patterns of customers will steer the growth of the market in the country. Large-scale use of data analytics in airports for optimizing resource allocation and security will drive the market trends in the country. A rise in infrastructural investment and reform in the regulations for enhancing airport efficiency is likely to spur the expansion of the market space in the North American country.
A rise in the labor charges can restrict the industry progression in the U.S. over 2024-2032
An increment in the fuel and workforce costs along with a surge in infrastructural maintenance prices will restrict the growth of the U.S. airport operations industry. Moreover, congestion and the availability of lesser space for airport operations can obstruct the industry surge in the country.
Requirement for providing a seamless traveling experience to customers to open new panoramas of growth for the U.S. market
An increase in the acceptance of new technologies along with the use of biometric systems for ensuring passenger safety will create new growth avenues for the U.S. airport operations market. Need for improving air travelling experience of the passengers through offering of exquisite personalized services and retail & dining services is predicted to drive the growth of the market in the U.S.
An upsurge in cyber-terrorism activities to obstruct the industry surge in the U.S. by 2032
Growing recession and a surge in cyber-attacks have proved to be expensive and time-consuming, thereby posing a huge threat to the expansion of the U.S. airport operations industry. An increase in competition and easy access to other modes of transport that can be cost-effective compared to air travel can further dilute the growth of the industry in the U.S.
The U.S. airport operations market is divided into platform, airport, operation, and region.
In terms of platform, the U.S. airport operations market is bifurcated into hardware and software segments. Additionally, the software segment, which gained approximately two-fifths of the market revenue share in 2023, is anticipated to register the fastest rate of growth yearly during the time interval from 2024 to 2032. The main factor fostering the segmental expansion can be due to the escalating acceptance of cloud-based software along with the need for proficiency in airport operations.
On the basis of airport category, the U.S. airport operations industry is sectored into reliever airports, commercial service airports, general aviation airports, and cargo service airports segments. In addition, the general aviation airports segment, which accrued about 53% of the industry share in 2023, is set to lead the segmental expansion in the U.S. in the forecasting years. The segmental progression can be due to an increase in business flights and personal flights.
Based on operation, the U.S. airport operations market is divided into landslide operations, information management, financial operations, and airside operations segments. Furthermore, the airside operations segment, which garnered a major share of the market in the U.S. in 2023, is likely to continue to lead the market growth in the coming decade. The growth of the market in the country can be attributed to the huge demand for secured aircraft parking, baggage handling, and passenger boarding.
Report Attributes | Report Details |
---|---|
Report Name | U.S. Airport Operations Market |
Market Size in 2023 | USD 9 Billion |
Market Forecast in 2032 | USD 16 Billion |
Growth Rate | CAGR of 6.4% |
Number of Pages | 226 |
Key Companies Covered | American Airlines Group Inc., Delta Air Lines Inc., Alaska Air Group Inc., United Airlines Inc., Southwest Airlines Co., and others. |
Segments Covered | By Platform, By Airport Category, By Operation, and By Region |
Regions Covered in U.S. | Northeast, Midwest, South, and West |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Midwest region of the U.S. is slated to lead the market surge over 2024-2032
The Midwest region, which accrued 52% of the U.S. airport operations market share in 2023, is set to retain its dominating position in the U.S. market in the ensuing years. In addition, the regional market expansion in the forecast timeline can be attributed to growing infrastructural growth in the region. The location of the Midwest part of the U.S. has proved a key for air travel owing to the presence of major airports such as Midway and Chicago O’Hare.
The Northeast airport operations industry in the U.S. is predicted to record the highest rate of expansion annually within the next few years. The growth of the industry in the Northeastern part of the U.S. can be due to an increase in air traffic, the allocation of high capital for improving airport infrastructure facilities, and the centralized location of the region.
The U.S. airport operations market profiles key players such as:
By Platform
By Airport Category
By Operation
The U.S.
FrequentlyAsked Questions
Airport operations include a slew of processes key to the effective functioning of airports. They ensure the safety and secure movement of aircraft, cargo, and passengers.
The growth of the U.S. airport operations market over the forecast period can be attributed to flourishing e-commerce activities coupled with changes in customers' travel patterns.
According to a study, the global U.S. airport operations industry size was $9 billion in 2023 and is projected to reach $16 billion by the end of 2032.
The global U.S. airport operations market is anticipated to record a CAGR of nearly 6.4% from 2024 to 2032.
The northeast airport operations industry of the U.S. is set to register the fastest CAGR over the forecasting timeline owing to an increase in air traffic, high capital allocation for improving airport infrastructure facilities, and the region's centralized location.
The U.S. airport operations market is led by players such as American Airlines Group Inc., Delta Air Lines Inc., Alaska Air Group Inc., United Airlines Inc., and Southwest Airlines Co.
The U.S. airport operations market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.
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