How Has The Airport Supply Chain Management Market Progressed Over Time and What Are The Future Projections?
The airport supply chain management market has been on a path of rapid growth, expanding from $23.51 billion in 2024 to an anticipated $25.94 billion in 2025. This expansion, at a compound annual growth rate (CAGR) of 10.3%, is largely due to significant regulatory changes, globalization, heightened security concerns, economic trends, and evolving environmental concerns. Looking ahead, the airport supply chain management market is poised for continued growth, predicted to reach $41.78 billion in 2029 with a CAGR of 12.6%. This anticipated progression can be ascribed to burgeoning e-commerce, adoption of sustainable practices, incorporation of big data and analytics, increased collaborative supply chains and resilience planning. Industry-wide digital transformation, effective supply chain resilience, collaborative planning, embracing of automation and technology and robust eco-friendly practices are expected to shape the trends in the sector.
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What Factors Are Driving The Airport Supply Chain Management Market Growth?
The airport supply chain management market growth is propelled significantly by increasing e-commerce activities. E-commerce, the practice of selling and buying goods and services over an electronic network, often relies heavily on cargo planes for logistics. Efficient management of these goods and services is pivotal to the operations of e-commerce operators. For instance, in September 2022, the US-based department of commerce, International Trade Administration, reported that the UK’s retail sector’s e-commerce contribution was 30%, a significant climb from the 20% contribution in 2020. The annual revenue from e-commerce activities surpassed $120 billion, highlighting the growth of the e-commerce sector and its subsequent influence on the airport supply chain management market.
Which Segments Are Pivotal In The Airport Supply Chain Management Market?
1) By Component: Software, Services
2) By Type: Internal Supply Chain, External Supply Chain
3) By Application: Security, Content Management, Logistics, Integration, Collaboration, Gate Management, Performance Management, Business Applications, Other Applications
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Who Are The Major Players in The Airport Supply Chain Management Market?
Prominent companies operating in the airport supply chain management market include International Business Machines Corporation, Cisco Systems Inc., Siemens AG, Honeywell International Inc., Raytheon Company, QinetiQ Group PLC, Amadeus IT Group SA, Sita, Rockwell Collins Inc., Inform GmbH, Dassault Systèmes SE, Vanguard Software Corporation, Coupa Software Inc., Verizon Connect Inc., Ultra Electronics Holdings PLC, Unisys Corporation, Lockheed Martin Corporation, Indra Sistemas S.A., TAV IT, L3Harris Technologies Inc., Thales Group, Collins Aerospace, Sabre Corporation, GE Aviation, Accenture, Capgemini, Bollore Transport & Logistics, Panalpina World Transport Holding Ltd., Ceva Logistics AG, Geodis.
What Are The Current Trends Shaping The Airport Supply Chain Management Market?
Innovations such as real-time updates are emerging as significant trends in the airport supply chain management market. These updates provide immediate transmission of information, allowing users to access the latest data without delays. For instance, Adani Airport Holdings Ltd launched Aviio in September 2024. The platform supplies real-time data on passenger and baggage flow, including live updates on security checks, gate changes, wait times, and baggage status, thereby enhancing the passenger experience.
Which Region is Leading The Airport Supply Chain Management Market Share?
With the largest share, North America dominated the airport supply chain management market in 2024. The report also covers other regions including Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
What Does The Airport Supply Chain Management Market Report 2025 Offer?
The Airport Supply Chain Management Market research report from The Business Research Company uncovers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities. Airport supply chain management, ideal for ensuring that airports maintain critical equipment while keeping costs and inventory accuracy in check, is a crucial industry facet in today’s world.
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