Airport Asset Tracking Market Size, Trends and Growth Analysis by 2027

The increasing investments in the development of new airports and the enhancement of existing facilities are driving the adoption of improved solutions for operational efficiency, thereby fostering growth in the airport asset tracking market. Modern airports are prioritizing the implementation and integration of cutting-edge technologies to facilitate seamless operations for passengers, airline personnel, airport staff, and other stakeholders. In addition to managing passenger flow, airports are engaged in a variety of activities such as cargo handling, baggage management, loading operations, and ramp management. To streamline these processes, airport management is actively seeking advanced technological solutions. Moreover, the surge in air travel has led to the expansion of current airport infrastructures, resulting in the construction of additional terminals. Consequently, the increasing number of airports worldwide is significantly contributing to the expansion of the airport asset tracking market.

According to the International Air Transport Association (IATA), it is projected that China will overtake the United States as the largest aviation market globally by the mid-2020s. To achieve this status, China must implement advanced technologies aimed at enhancing both airport operations and passenger experiences. Furthermore, substantial investments are being made in sophisticated technologies at Chinese airports, which is expected to further stimulate the growth of the airport asset tracking market.

The global airport asset tracking market is categorized based on offerings and asset types. In terms of offerings, the market is divided into hardware and software segments. Regarding asset types, it is classified into fixed assets, portable assets, and mobile assets. The competitive landscape of the airport asset tracking market features a multitude of players vying for market share.

Key participants in the global airport asset tracking market include Abeeway SAS, Adveez SAS, Asset Fusion Limited, Ctrack, Litum, Steerpath Oy, Telemetry Systems Ltd, Undagrid B.V., Targa Telematics S.p.A., Geotab Inc., Inseego Corp., Unilode Aviation Solutions, and Trilogical Ltd. These companies are highlighted in this market analysis.

The size of the global airport asset tracking market has been determined through a combination of primary and secondary research methodologies. The research process commenced with extensive secondary research utilizing both internal and external sources to gather qualitative and quantitative data pertinent to the airport asset tracking market. This approach also aids in providing an overview and forecast for the market across all segments. Additionally, numerous primary interviews have been conducted with industry stakeholders and experts to validate the findings and gain deeper analytical insights into the airport asset tracking market. Participants in this process typically include industry professionals such as vice presidents, business development managers, market intelligence managers, and national sales managers, as well as external consultants like valuation experts, research analysts, and key opinion leaders specializing in the airport asset tracking sector.