Airport Services Market Size, Share, Growth Analysis, By Airport type(Domestic, and international), By Application (Aeronautical services and non-aeronautical services), By Infrastructure type(Greenfield airport and brownfield airport) - Industry Forecast 2024-2031

Airport Services Market size was valued at USD 97.87 billion in 2022 and is poised to grow from USD 114.31 billion in 2023 to USD 395.95 billion in 2031, at a CAGR of 16.8% during the forecast period (2024-2031).

airport services market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. 'Swissport International Ltd.', 'Worldwide Flight Services (WFS)', 'dnata', 'Menzies Aviation', 'SATS Ltd.', 'Aviapartner', 'Airport Terminal Services, Inc.', 'BBA Aviation plc', 'Celebi Aviation Holding', 'China National Aviation Corporation (Group) Ltd. (CNAC)', 'Fraport AG Frankfurt Airport Services Worldwide', 'Groupe ADP', 'Japan Airport Terminal Co., Ltd.', 'TAV Airports Holding', 'Aeroports de Paris SA', 'Airports of Thailand Public Co., Ltd.', 'Grupo Aeroportuario del Pacifico, S.A.B. de C.V. (GAP)', 'Grupo Aeroportuario del Sureste, S.A.B. de C.V. (ASUR)', 'Malaysia Airports Holdings Berhad (MAHB)', 'Mumbai International Airport Pvt Ltd. (MIAL)', 'A memorandum of agreement (MOU) was signed in September 2023 between Edmonton International Airport (YEG) and Edmonton Destination Marketing Hotels Ltd. (EDMH). By bringing in new airlines, expanding Edmonton's seat capacity, and launching new routes, the partnership will improve the development of air services. ', 'To improve passenger convenience and efficiency, Chaudhary Charan Singh International Airport in Lucknow introduced DigiYatra, a digital travel program, in August 2023. The airport makes it possible for passengers to board and check in without difficulty. ', 'The Delhi International Airport (DIAL) declared in July 2023 that IDEMIA has been chosen as DigiYatra's technology partner. To verify the identification of domestic travelers, DigiYatra will deploy IDEMIA's facial recognition technology in Hyderabad, Delhi, and Goa.'

Increasing airport infrastructural developments in smaller cities driving the airport services market during the aforementioned period. Because of improving customer experience throughout the country. As a result, there is a growing demand for amenities for longer routes, gates addition, and modern air traffic control to boost the market growth.

Artificial intelligence is commonly used in the tourism industry which is making life comfortable for travellers across the globe. Aviation is experiencing huge differences because of the growing trend of both AI technology-powered robots and the devices at the airport. The modernization of airport facilities provides us superior convenience and efficiency to meet the increasing demand. Investments can possibly happen for building smart airports deploying advanced automated technologies at airports for various operational challenges.

North America was the leading region of the airport services market in 2021 with a revenue share of USD 25.11 billion, and expected to retain its position during the forecast period. Because of the key market players and rapid growth in the number of domestic and international airlines, it is anticipated to have a positive impact on driving the investments for the betterment of the airport services in the region. The rising demand for smart airports in the developed countries including the U.S.A., and Canada could be an important factor for the airport services market growth.

Airport Services Market size was valued at USD 97.87 billion in 2022 and is poised to grow from USD 114.31 billion in 2023 to USD 395.95 billion in 2031, at a CAGR of 16.8% during the forecast period (2024-2031).

airport services market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. 'Swissport International Ltd.', 'Worldwide Flight Services (WFS)', 'dnata', 'Menzies Aviation', 'SATS Ltd.', 'Aviapartner', 'Airport Terminal Services, Inc.', 'BBA Aviation plc', 'Celebi Aviation Holding', 'China National Aviation Corporation (Group) Ltd. (CNAC)', 'Fraport AG Frankfurt Airport Services Worldwide', 'Groupe ADP', 'Japan Airport Terminal Co., Ltd.', 'TAV Airports Holding', 'Aeroports de Paris SA', 'Airports of Thailand Public Co., Ltd.', 'Grupo Aeroportuario del Pacifico, S.A.B. de C.V. (GAP)', 'Grupo Aeroportuario del Sureste, S.A.B. de C.V. (ASUR)', 'Malaysia Airports Holdings Berhad (MAHB)', 'Mumbai International Airport Pvt Ltd. (MIAL)'

Increasing airport infrastructural developments in smaller cities driving the airport services market during the aforementioned period. Because of improving customer experience throughout the country. As a result, there is a growing demand for amenities for longer routes, gates addition, and modern air traffic control to boost the market growth.

Artificial intelligence is commonly used in the tourism industry which is making life comfortable for travellers across the globe. Aviation is experiencing huge differences because of the growing trend of both AI technology-powered robots and the devices at the airport. The modernization of airport facilities provides us superior convenience and efficiency to meet the increasing demand. Investments can possibly happen for building smart airports deploying advanced automated technologies at airports for various operational challenges.

North America was the leading region of the airport services market in 2021 with a revenue share of USD 25.11 billion, and expected to retain its position during the forecast period. Because of the key market players and rapid growth in the number of domestic and international airlines, it is anticipated to have a positive impact on driving the investments for the betterment of the airport services in the region. The rising demand for smart airports in the developed countries including the U.S.A., and Canada could be an important factor for the airport services market growth.