Overview of the global airport automated security screening market
Technavio’s market research analyst predicts that the global airport automated security screening market will post a CAGR of nearly 5% during the forecast period. One of the primary drivers for the market is the increasing security threats. To prevent threats such as hijacking and placing explosives in an aircraft, the airport authorities are gradually increasing the need for implementing effective passenger security screening systems all over the globe. Solutions like a biometric-based automated passenger verification system which is a next-generation security solution implemented by the London's Gatwick Airport is a fine example of innovation in the market. A solution developed with Human Recognition Systems, a UK-based technology developer and the airport authorities, allows informed gate control and alert decisions driven by precise passenger movement information. Fitted with an iris recognition technology to admit passengers along with automated boarding trial for passengers, the system allows you to check-in and deposit registered luggage through designated self-service bag drops. The technology lessens any sort of human error during the identification of the individual by lining up a passenger’s biometric information to an identification protocol, which in turn, allows the airport authorities to authenticate passengers through numerous stages of the process along with managing passengers across identity points.
One of the latest trends that will gain traction in the global airport automated security screening market is the evolution of the biometrics technology. The adoption of biometric technology can prevent the misuse of staff and contractor ID badges to gain entrée to unauthorized areas. The technology is extremely cost-efficient and dependable. In addition to several biometric technologies such as fingerprint, retina, face, and
Overview of the global airport runway safety system market
According to Technavio’s analyst, the global airport runway safety system market is anticipated to grow at a steady rate and post a CAGR of more than 8% during the forecast period. The emergence of ground-based augmentation system (GBAS) for CAT-III will drive the growth prospects for the global airport runway safety system market until the end of 2021. The advanced GBAS landing system (GLS) for CATII or III precision approach allows an aircraft with an autopilot landing system to safely land with a minimum of 200-meter runway visual range (RVR) and at a decision height of 50 meters. Additionally, CAT-III GBAS also offers various benefits such as increased air traffic capacity, air traffic management, reduce air traffic noise, and enable curved approaches, and landing on close parallel runways. Moreover, research and developmental activities are conducted to reduce the technical risks associated with GBAS and authenticate new requirements in terms of GAST-D. All the above factors are likely to accelerate the rate of revenue generation in the global airport runway safety system market.
The implementation of stringent public regulations towards the development of airtight runway safety infrastructure will drive the growth prospects for the global airport runway safety system market for the next four years. For instance, the Runway Safety Area (RSA) improvements in the US ensures an
Overview of the global aerobridge market
According to Technavio’s analysts, the global aerobridge market is anticipated to grow at a steady rate and post a CAGR of close to 6% during the forecast period. The growing number of installations in tier-2 cities of emerging economies will drive the growth prospects for the global aerobridge market until the end of 2021. One of the major factors responsible for the growing number of retrofit installations in the existing infrastructure is the growing percentage of passenger traffic inflow in tier-2 cities of emerging economies. For instance, India is planning to invest more than USD 500,000 in installing a third aerobridge structure in the Tiruchirappalli International Airport. Also, the growing number of inflow of these passengers is directly influenced by the increasing number of domestic and international flight services across the globe. Earlier, the market witnessed a huge number of international airlines employing aerobridges for bigger jets flying international routes only. However, with the growing airport passenger inflow, economies such as India is now increasingly installing and operating aerobridges for domestic flights as well.
The increasing number of installation and implementation of two-tier aerobridges will drive the growth prospects for the global aerobridge market for the next four years. Some of the major benefits of employing two-tier aerobridges are to accommodate bigger wide-bodied aircraft and enable a convenient transit of passengers from the terminal building to the aircraft and vice versa. Also, since two-tier aerobridges can serve two flights at the same time
Overview of the global aircraft fuel cells market
According to the analyst at Technavio, the global aircraft fuel cells market is anticipated to grow at a steady rate and will post a CAGR of more than 6% during the forecast period. The reduction in fuel cell prices will drive the growth prospects for the global aircraft fuel cells market until the end of 2021. One of the major factors responsible for the reduction in the price of fuel cells is the introduction of several new techniques such as reducing the amount of platinum used in proton exchange membrane fuel cell (PEM fuel cell), which reduces the price by around 40%. Also, the installation of these fuel cells close to their point of use ensures the generation of heat and electricity from the waste heat produced due to exothermic reactions. This method of generating heat and electricity from fuel cells is known as fuel cell co-generation, which, in turn, reduces the costs of energy service by up to 20%-40% in transportation systems. All the above factors will drive the popularity of fuel cells and growth rate in the market for the next four years.
Increasing measures taken by the governments and aviation associations such as IATA, ICAO, and FAA across the globe to bring down the pollution levels due to the carbon emissions, several economies are increasingly adopting smart energy and fuel cell technologies. Some of the advantages of these aircraft fuel cells that propels the market’s growth include higher aircraft efficiency, lower carbon emissions, and eco-friendliness.
Competitive landscape and key vendors
The global aircraft fuel cells
Overview of the global civil aerospace simulation and training market
Technavio’s market research analyst predicts the global civil aerospace simulation and training market to grow steadily at a CAGR of around 4% by 2021. One of the primary drivers for this market is the rise in the commercial aircraft deliveries and demand for pilots. The rising growth in aircraft deliveries has led to an increased demand for pilots which, in turn, is driving the demand for flight simulators and training devices. Also, APAC being the fastest growing commercial aviation sector, represents opportunities for skilled pilots to meet the considerable demand in the region. Furthermore, the pilots in APAC needs to undergo recurrent training programs during their career. These policies coupled with the increasing passenger traffic will propel the growth of the global civil aerospace simulation and training market during the forecast period.
One of the latest trends gaining traction in this market is the rapidly growing investments in research and innovation in the simulation and training market for commercial aircraft. Stakeholders are unswervingly investing in R&D to offer the most effective product crafted for specific aircraft investing heavily to make sure they stay competitive. The overall level of expectation for a Level D simulator is quite high, and the expectations of the customers tend to rise, the features which were previously challenging to obtain are usually expected as a bare minimum at present. These high precision requirements from the commercial aviation sector will propel the growth of the global civil aerospace simulation and training market in the coming years.
Competitive landscape and key vendors
Overview of the global airport sleeping pods market
Technavio’s market research analyst predicts the global airport sleeping pods market to grow steadily at a CAGR of above 6% by 2021. One of the primary drivers for this market is the rapid rise in the transit and need to transfer passenger traffic. The growing aviation industry has enabled airlines to expand the connectivity between places, which has resulted in increasing frequency of flights and addition of new routes. This has concurrently given rise to the demand for luxury travel and desire for comfort through sophisticated services at affordable prices at airports. As a result of this increase in traffic, the airport authorities are investing in advanced technologies and premium terminal facilities for the convenience of passengers. Moreover, to increase their non-aeronautical revenue, the airport operators are providing innovative services such as sleeping pods and luxury lounges. This, in turn, will propel the market growth of the global airport sleeping pods market in the coming years.
One of the latest trends gaining traction in this market is the development of capsule hotels for airport passengers. In order to increase the non-aeronautical revenue, the operators are emphasizing on providing lounges. Also, the growing concept of aerotropolis surrounding the airport is a major factor contributing to the growth of the market. Further, sufficient use of airport terminal space and high consumer demand at major hubs will augment the growth of the global airport sleeping pods market in the coming years.
Competitive landscape and key vendors
The global airport sleeping pods market is highly competitive and vendors compete on the basis of product quality, reliability, cost, and aftermarket service. In order to survive and succeed in such an intensely
The aerospace industry is divided into aeronautical and astronautical engineering and encompasses researching, developing, testing, manufacturing, and selling flight vehicles. Products include fixed-wing and rotary-wing aircraft, missiles, space launch vehicles, and spacecraft.
Globally, the US is the largest market for aerospace products. The Department of Defense and NASA are the largest consumers of aerospace technology in the country.
Major manufacturers of aerospace products include Airbus, BAE Systems, Boeing, Finmeccanica, General Dynamics, Honeywell, Lockheed Martin, Raytheon, Saab AB, and Thales.
The aerospace industry has gone through significant consolidation over the last couple of decades. A number of mergers and acquisitions, joint ventures, bilateral agreements, and partnerships were instituted to improve operational efficiencies and overcome the global financial crisis of 2007-8.