Airport Hub Network Communication Market Report by 2031
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.
Airport Hub Network Communication Market Analysis
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.
Airport Hub Network Communication Market Overview
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.
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Airport Hub Network Communication Market: Strategic Insights
Airport Hub Network Communication Market
-
CAGR (2023 - 2031)
6.9%
-
Market Size 2023
US$ 2.50 Billion
-
Market Size 2031
US$ 4.27 Billion
Market Dynamics
GROWTH DRIVERS
- The rising number of airports
- Increasing air traffic
FUTURE TRENDS
- Incorporation of new aircraft or airplanes
OPPORTUNITIES
- Inclusion of Technologies such as 5G and IoTs
Key Players
- 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
- Cisco Systems Inc
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Component
- Solutions and Services
Platform Type
- CUTE and CUSS
Connectivity Type
- Internet and MPLS
End Users
- Airlines
- Airports
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Airport Hub Network Communication Market: Strategic Insights
-
CAGR (2023 - 2031)6.9% -
Market Size 2023
US$ 2.50 Billion -
Market Size 2031
US$ 4.27 Billion
Market Dynamics
- The rising number of airports
- Increasing air traffic
- Incorporation of new aircraft or airplanes
- Inclusion of Technologies such as 5G and IoTs
Key Players
- 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
- Cisco Systems Inc
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
- Solutions and Services
- CUTE and CUSS
- Internet and MPLS
- Airlines
- Airports
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Airport Hub Network Communication Market Drivers and Opportunities
Increasing Air Traffic
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.
Inclusion of Technologies such as 5G and IoTs
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.
Airport Hub Network Communication Market Report Segmentation Analysis
Key segments that contributed to the derivation of the airport hub network communication market analysis are component, platform type, connectivity type, and end users.
- Based on component, the airport hub network communication market is segmented into solutions and services. The services segment held a larger market share in 2023.
- Based on platform, the airport hub network communication market is segmented into CUTE and CUSS. The CUTE segment held a larger market share in 2023.
- Based on connectivity type, the airport hub network communication market is segmented into internet and MPLS. The MPLS segment held a larger market share in 2023.
- Based on end users, the airport hub network communication market is segmented into airlines and airports. The airports segment held a larger market share in 2023. Further, the airlines segment has been further sub-segmented into passenger and cargo. Also, the airports segment has been further sub-segmented into Class I, Class II, Class III, and Class IV.
Airport Hub Network Communication Market Share Analysis by Geography
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 $1 billion in 2023 for airport-related projects spanning five years under the Infrastructure Investment and Jobs Act (IIJA).
Airport Hub Network Communication Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 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 |
|
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Airport Hub Network Communication Market News and Recent Developments
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:
- SITA is innovating with cutting-edge technology to strengthen its airline, airport, and border solutions in partnership with travel identity company Zamna Technologies. Zamna’s solution uses a decentralized blockchain based model to transform how passenger data, such as passport, visa, and health information, is verified and handled, bringing security, ease, and efficiency benefits for travelers airlines, airports and governments. (Source: SITA, Press Release, Jan 2023)
- The new partnership between Etihad Cargo and SF Airlines will provide Etihad Cargo’s customers with greater connectivity to 25 domestic destinations in China via SF Airlines’ road feeder service trucking network, enhancing Etihad Cargo’s capabilities in the region. (Source: Etihad, Press Release, Jun 2023)
Airport Hub Network Communication Market Report Coverage and Deliverables
The “Airport Hub Network Communication Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Airport hub network communication market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Airport hub network communication market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed porter’s five forces analysis
- Airport hub network communication market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the airport hub network communication market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Component, Platform Type, and Connectivity Type
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
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.