Market Overview:
The global airport asset tracking services market is expected to grow at a CAGR of 10.8% from 2018 to 2030. The market growth is attributed to the increasing demand for airport asset tracking services across the globe due to the rising number of air passengers and cargo traffic. In addition, the increasing adoption of cloud-based and on-premises airport asset tracking solutions among airports is also contributing to the growth of this market. Based on type, the global airport asset tracking services market can be segmented into cloud-based and on-premises solutions. The cloud-based segment is expected to grow at a higher CAGR than the on-premises segment during the forecast period. This can be attributed to its advantages such as low cost, scalability, and easy deployment & upgradation over traditional systems. Based on application, motorized equipments accounted for majority share in 2017 and it is projected that this trend would continue during forecast period as well owing rise in air passenger traffic across different geographies worldwide .
Product Definition:
Airport asset tracking services refers to the use of technology to track and manage the movement of assets within an airport. This can include everything from luggage to vehicles and personnel. The importance of airport asset tracking services is twofold. First, it helps ensure that assets are properly accounted for and managed. This can help improve efficiency and reduce costs. Second, it helps improve safety and security by allowing officials to keep track of all movement within the airport.
Cloud-based:
Cloud-based technology is the latest trend in the airport asset tracking services market. It is a convenient and cost-effective way to store, update and manage information about airports' assets. The technology enables users to access data from any location through web browsers or smartphones. This has resulted in increased demand for cloud-based software among small & medium airports as well as large international airports with low passenger traffic & limited operating income.
On-premises:
On-premises is a term used for software and hardware installation at the client site. In ATS services, on-premise solutions are preferred over cloud solutions as they offer more flexibility to airport operators. On-premises systems can be easily customized to meet the requirements of an airport operator.
Cloud computing has emerged as a prominent solution for tracking assets in airports across the globe owing to its cost effectiveness and ease of use offered by it.
Application Insights:
The motorized equipment segment dominated the global market in 2017 and is expected to witness significant growth over the forecast period. The growing need for tracking and monitoring of expensive assets such as aircraft, helicopters, trains, etc. has resulted in the adoption of asset tracking solutions for these vehicles. These solutions help airport operators in reducing operating costs by enabling real-time location information about each vehicle so that they can be recovered or serviced quickly.
Non-motorized equipment includes baggage systems, cargo systems, passenger information systems (PIS), boarding passes & check-in desks and others such as ground service equipment (GSE) used at airports for fueling and cleaning services among others.
Regional Analysis:
The market in North America accounted for the largest share in 2016 owing to the presence of a large number of airports across the region. The growth can be attributed to various factors such as increasing government spending on airport infrastructure, growing passenger traffic, and rising adoption of asset tracking systems by airlines and airport operators. For instance, according to OAG Aviation Database, there are 1,atton Airports with more than 600Km2 (243 acres) paved area in 2017. Such airports include John F Kennedy International Airport (JFK), LaGuardia Airport (LGA), and Newark Liberty International Airport (EWR).
Asia Pacific is expected to emerge as a lucrative regional market over the forecast period due to rapid development taking place at several Asian airports including Hong Kong International Airport Limited(HKIA) & Chek Lap Kok Limited(CLK) Hong Kong; Singapore Changi Airport Pte Ltd.
Growth Factors:
- Increasing demand for air travel: The global air passenger traffic is expected to grow at a CAGR of 5.4% from 2016 to 2021, according to the International Air Transport Association (IATA). This will result in the need for more efficient and effective airport operations, which will drive the demand for airport asset tracking services.
- Proliferation of smart airports: A number of airports are implementing or planning to implement smart airport initiatives such as advanced baggage handling systems, RFID-based tracking systems, and automated passenger check-in processes. These initiatives require accurate and real-time tracking of airport assets, which can be provided by airport asset tracking services providers.
- Stringent safety and security regulations: Airport authorities are increasingly adopting stringent safety and security regulations in order to mitigate risks associated with air travel. These regulations mandate the use of specific technologies (such as RFID) for tracking critical assets such as aircrafts and passengers’ belongings. Airport asset tracking service providers can help airports meet these regulatory requirements by providing appropriate solutions/services .
Scope Of The Report
Report Attributes
Report Details
Report Title
Airport Asset Tracking Services Market Research Report
By Type
Cloud-based, On-premises
By Application
Motorized Equipments, Non-motorized Equipments
By Companies
Adveez, Inseego, GSETrack, I.D. Systems, Litum Group, Pinnacle Telematics, Sensolus, Tri-logical Technologies, Targa Telematics, Confidex
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Airport Asset Tracking Services Market Report Segments:
The global Airport Asset Tracking Services market is segmented on the basis of:
Types
Cloud-based, On-premises
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Motorized Equipments, Non-motorized Equipments
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Adveez
- Inseego
- GSETrack
- I.D. Systems
- Litum Group
- Pinnacle Telematics
- Sensolus
- Tri-logical Technologies
- Targa Telematics
- Confidex
Highlights of The Airport Asset Tracking Services Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cloud-based
- On-premises
- By Application:
- Motorized Equipments
- Non-motorized Equipments
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Airport Asset Tracking Services Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Airport Asset Tracking Services (ATS) is a technology that helps airports and other transportation hubs manage their assets, including aircraft, terminals, roads and bridges. ATS can help identify problems early and make necessary repairs or upgrades.
Some of the major players in the airport asset tracking services market are Adveez, Inseego, GSETrack, I.D. Systems, Litum Group, Pinnacle Telematics, Sensolus, Tri-logical Technologies, Targa Telematics, Confidex.
The airport asset tracking services market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Airport Asset Tracking Services Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Airport Asset Tracking Services Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Airport Asset Tracking Services Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Airport Asset Tracking Services Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Airport Asset Tracking Services Market Size & Forecast, 2018-2028
4.5.1 Airport Asset Tracking Services Market Size and Y-o-Y Growth
4.5.2 Airport Asset Tracking Services Market Absolute $ Opportunity
Chapter 5 Global Airport Asset Tracking Services Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Airport Asset Tracking Services Market Size Forecast by Type
5.2.1 Cloud-based
5.2.2 On-premises
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Airport Asset Tracking Services Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Airport Asset Tracking Services Market Size Forecast by Applications
6.2.1 Motorized Equipments
6.2.2 Non-motorized Equipments
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Airport Asset Tracking Services Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Airport Asset Tracking Services Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Airport Asset Tracking Services Analysis and Forecast
9.1 Introduction
9.2 North America Airport Asset Tracking Services Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Airport Asset Tracking Services Market Size Forecast by Type
9.6.1 Cloud-based
9.6.2 On-premises
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Airport Asset Tracking Services Market Size Forecast by Applications
9.10.1 Motorized Equipments
9.10.2 Non-motorized Equipments
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Airport Asset Tracking Services Analysis and Forecast
10.1 Introduction
10.2 Europe Airport Asset Tracking Services Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Airport Asset Tracking Services Market Size Forecast by Type
10.6.1 Cloud-based
10.6.2 On-premises
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Airport Asset Tracking Services Market Size Forecast by Applications
10.10.1 Motorized Equipments
10.10.2 Non-motorized Equipments
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Airport Asset Tracking Services Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Airport Asset Tracking Services Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Airport Asset Tracking Services Market Size Forecast by Type
11.6.1 Cloud-based
11.6.2 On-premises
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Airport Asset Tracking Services Market Size Forecast by Applications
11.10.1 Motorized Equipments
11.10.2 Non-motorized Equipments
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Airport Asset Tracking Services Analysis and Forecast
12.1 Introduction
12.2 Latin America Airport Asset Tracking Services Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Airport Asset Tracking Services Market Size Forecast by Type
12.6.1 Cloud-based
12.6.2 On-premises
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Airport Asset Tracking Services Market Size Forecast by Applications
12.10.1 Motorized Equipments
12.10.2 Non-motorized Equipments
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Airport Asset Tracking Services Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Airport Asset Tracking Services Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Airport Asset Tracking Services Market Size Forecast by Type
13.6.1 Cloud-based
13.6.2 On-premises
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Airport Asset Tracking Services Market Size Forecast by Applications
13.10.1 Motorized Equipments
13.10.2 Non-motorized Equipments
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Airport Asset Tracking Services Market: Competitive Dashboard
14.2 Global Airport Asset Tracking Services Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Adveez
14.3.2 Inseego
14.3.3 GSETrack
14.3.4 I.D. Systems
14.3.5 Litum Group
14.3.6 Pinnacle Telematics
14.3.7 Sensolus
14.3.8 Tri-logical Technologies
14.3.9 Targa Telematics
14.3.10 Confidex
