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Global Airport Operations Market - Analysis and Forecast (2021-2027)

The global airport operations market is estimated to be USD 8.3 billion in 2020 and is predicted to reach USD 14.3 billion by 2027, growing at a CAGR of 11.0% during the forecast period. The major factors responsible for airport operations market growth were surge in passenger traffic volumes through increase in flight capacity and frequency, particularly from developing economies.

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Global Airport Operations Market - Analysis and Forecast (2021-2027)

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  1. Global Airport Operations Market

  2. About VynZ Research… • VynZ Research is a global market research firm offering research, analytics, and consulting services on business strategies. We have a recognized trajectory record and our research database is used by many renowned companies and institutions in the world to strategize and revolutionize business opportunities. The company focuses on providing valuable insights on various technology verticals such as Chemicals, Automotive, Transportation, Energy, Consumer Durables, Healthcare, ICT and other emerging technologies. • VynZ Research has one of the most qualified & experienced analysts, who are constantly tracking the markets and the technologies. The research team has years of proven experience and wide knowledge & understanding of the technology, application, business models, and regulators of the segments and the value chain involved. • A trusted & proven methodology that involves highest quality of primary research, secondary analysis collated & verified through various sources including cross checking with different industry experts. • Serving wide range of customers most of them from Fortune 2000 companies • With a dedicated 24x7 customer helpline our customers can reach for specifying their needs • Developing long term relationship with the clients and satisfying them is one of the crucial notches of the company. VynZ Research aims at gaining and retaining its clients in order to make long term customer relationship.

  3. Global Airport Operations Market The global airport operations market is estimated to be USD 8.3 billion in 2020 and is predicted to reach USD 14.3 billion by 2027, growing at a CAGR of 11.0% during the forecast period. The major factors responsible for airport operations market growth were surge in passenger traffic volumes through increase in flight capacity and frequency, particularly from developing economies. Moreover, with rapid globalization and favorable economic conditions has also increased the profit margins, which thereby fueled manufacturing activities, causing more frequent cargo flights from developing economies to developed ones and vice versa. China has become the export based economy, so air cargo traffic in the country has surged a lot in the past decade, followed by other Asian giants like South Korea, India, Malaysia, and Taiwan. Additionally, small chunk of airport revenues also comes from passenger shopping at the retail stores, eating at restaurants, and purchasing antiques from duty free shops, while waiting for the flights.

  4. Global Airport Operations Market With the ongoing COVID-19 pandemic, the manufacturing industry is badly hit. The manufacturing slowdown in China has affected the manufacturing business in more than 15 countries, due to country-wide lockdowns, strict international border controls, social distancing measures for workers, and supply chain issues from China. Moreover, according to the ISM global supply chain survey results, more than 75.0% of the manufacturing firms reported disruptions in the supply chain, owing to transportation restrictions due to countrywide lockdowns to avoid the spread of COVID-19 virus. Geographically, North America is the largest revenue contributor in the airport operations market due to growth of pandemic massively in the region. The demand for opening up of different revenue strategies has been in thinking by the companies based in the region in order to fight coronavirus. The number of COVID-19 cases in North America is also enhancing rapidly with registered cases of almost 5,04,780 and 18,763 deaths as registered in the first week of May.

  5. Global Airport Operations Market Few recent strategic initiatives happened in the past include the following such as, in 2019, Collins Aerospace entered into a multi-year agreement with Salvador Deputado Luis Eduardo Magalhaes International Airport (SSA). With this agreement, the former will provide SSA with several industry leading solutions, which will help in easing congestion, improving airport efficiency, and passenger processing times. Similarly, in the same year, FLIR systems launched 3 new pan-tilt-zoom (PTZ) security cameras, namely, FLIR Elara DX-Series, FLIR Saros DM-Series, and e FLIR Quasar 4K IR PTZ.

  6. For Sample Report :- https://www.vynzresearch.com/aerospace-and-defense/airport-operations-market/request-sample www.vynzresearch.com

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