The airport hub network communication market size is projected to reach US$ 4.27 billion by 2031 from US$ 2.50 billion in 2023. The market is expected to register a CAGR of 6.9% during 2023–2031. Incorporation of new aircraft or airplanes is likely to remain a key trend in the market.
The airport hub network communication market ecosystem consists of technology developers, solutions and services providers, and end users. Technology providers offer AI, IoT-based software, and related software development kits. Airline companies in the aviation industry are actively involved in partnerships with technology providers to establish a communication network with airlines and airports. Solution and service providers offer various types of services such as AI, IoT-based software, CUSS and CUTE platforms, internet services, and other services related to communication in airlines and airports.
The airport hub communication solution and service providers are key elements of the airport hub network communication market. These players are involved in a majority of activities of airport hub communication market such as providing services and solutions to the airports and airlines. The key players in the market are Honeywell International Inc, SITA Switzerland SaRl, Amazon Web Services, Collins Aerospace, Amadeus IT Group SA, Embross Systems Pvt Ltd, Materna IPS GmbH, TAV Technologies Ltd, Cisco Systems Inc., and Telefonaktiebolaget LM Ericsson. Different aviation organizations across the globe are the end users of the airport hub network communication market and thereby hold a significant share in the market growth.
Urbanization rates are rising across the globe. For instance, according to the Minister of Civil Aviation and Steel, India’s urbanization is expected to surge from 34.9% in 2020 to 40% by 2030. Due to greater urbanization, there is a rise in the disposable income of the people, which has led to increased spending by people. For instance, as per the International Air Transport Association (IATA), global air traffic rose by 67.0% in January 2023 as compared to January 2022. In addition, air traffic grew by 84.2% in January 2023 as compared to January 2019. More air traffic leads to a higher number of flight operations globally. In addition, the rise in e-commerce and world trade globally, the demand for the air transport for the goods transportation is growing to meet the requirements from business and consumers for fast deliveries. Further, according to the Boeing’s Commercial Market Outlook (CMO) 2022–2041, the air cargo traffic is expected to grow by 3.8% between 2022-2041.
According to IATA, air travelers are expected to reach 8.2 billion by 2037. Also, increased air traffic leads to more flights, where communication between the airport and airline authorities is vital for efficient airport operations and flight management. As such, the rising number of air passengers requires the aviation sector to be fully equipped to handle this increased air traffic. Hence, airports and airlines will require strong capabilities, such as Airport 4.0 or Airport Digitalization, to handle the growing passenger count. IoT connectivity in the airport hubs allows them to connect their existing or new hardware systems to the internet, contributing to greater transparency, connectivity, simplified work processes, and better communication between the airline and the airport authorities. Improved connectivity further provides better security and workflow efficiencies across all flight phases, from arrival to departure.
Key segments that contributed to the derivation of the airport hub network communication market analysis are component, platform type, connectivity type, and end users.
The geographic scope of the airport hub network communication market report is mainly divided into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America.
North America has dominated the market in 2023 followed by Europe and Asia Pacific regions. Further, Asia Pacific is likely to witness highest CAGR in the coming years. The US accounted for the largest market share in North America airport hub network communication market. In 2021, the Airports Council International-North America stated that US airports require more than US$ 115 billion of investment for their development by 2026. However, due to the COVID-19 pandemic, the airport expansion plans were disrupted. The country has recently started looking for ways to expand its range of aviation services. In 2022, the US Federal Aviation Administration (FAA) announced plans of investing US $1 billion in 2023 for airport-related projects spanning five years under the Infrastructure Investment and Jobs Act (IIJA).
The regional trends and factors influencing the Airport Hub Network Communication Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Airport Hub Network Communication Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 2.50 Billion |
| Market Size by 2031 | US$ 4.27 Billion |
| Global CAGR (2023 - 2031) | 6.9% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Component
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Airport Hub Network Communication Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Airport Hub Network Communication Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The airport hub network communication market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the airport hub network communication market are listed below:
The “Airport Hub Network Communication Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
The airport hub network communication market is likely to register of 6.9% during 2023-2031.
The estimated value of the airport hub network communication market by 2031 would be around US$ 4.27 billion.
Incorporation of new aircraft or airplanes is one of the major trends of the market.
Honeywell International Inc, SITA Switzerland SaRl, Amazon Web Services Inc, Collins Aerospace, Amadeus IT Group SA, Embross Systems Pvt Ltd, Materna IPS GmbH, ADB Safegate BV, TAV Technologies Ltd, and Cisco Systems Inc are some of the key players profiled under the report.
The rising number of airports and increasing air traffic are some of the factors driving the growth for airport hub network communication market.
North America region dominated the airport hub network communication market in 2023.