
Published On: Aug 2023
Published On: Aug 2023
At 7.3% CAGR, the Asia Pacific Airport Hub Network Communication Market is projected to be worth US$ 725.21 million by 2028, says The Business Market Insights
According to the Business Market Insights’ research, the Asia Pacific airport hub network communication market was valued at US$ 508.70 million in 2023 and is expected to reach US$ 725.21 million by 2028, registering a CAGR of 7.3% from 2023 to 2028. Rising number of airports and increasing air traffic are the critical factors attributed to the Asia Pacific airport hub network communication market expansion.
Increased air traffic leads to more flights, where communication between the airport and airline authorities is vital for efficient airport operations and flight management. As such, the rising number of air passengers requires the aviation sector to be fully equipped to handle this increased air traffic. Hence, airports and airlines will require strong capabilities, such as Airport 4.0 or Airport Digitalization, to handle the growing passenger count. IoT connectivity in the airport hubs allows them to connect their existing or new hardware systems to the internet, contributing to greater transparency, connectivity, simplified work processes, and better communication between the airline and the airport authorities. Improved connectivity further provides better security and workflow efficiencies across all flight phases, from arrival to departure.
In addition, deploying 5G technologies in the aviation sector provides greater bandwidth for communication networks through greater speed and enhanced network communication quality. The high-speed internet and 5G technology capabilities enhance the frequencies of the communication information over the network, leading to the distribution of correct and accurate information and smoothening the security and business operations. Technologies such as 5G and IoTs deployed by the airport hub network communication providers will help improve customers' overall network communication. For example, SITA’s Connect Corporate upgraded the airport and airline entities with increased bandwidth for seamless data exchange. It also provides the SITA Airport Hub platform for enabling reliable and flexible communication between airports and airlines while supporting critical automated systems. Thus, with 5G and IoT technologies, service providers can improve the overall connectivity of devices required for faster network communication, creating lucrative growth opportunities for the airport hub network communication market.
On the contrary, Cyberattack Threats hurdles the growth of Asia Pacific airport hub network communication market.
Based on components, the Asia Pacific airport hub network communication market is segmented into solutions and services. The services segment held 65.4% share of Asia Pacific airport hub network communication market in 2023, amassing US$ 332.46 million. It is projected to garner US$ 487.05 million by 2028 to expand at 7.9% CAGR during 2023–2028.
Based on type, the Asia Pacific airport hub network communication market is segmented into CUTE and CUSS. The CUTE segment held 58.4% share of Asia Pacific airport hub network communication market in 2023, amassing US$ 296.82 million. It is projected to garner US$ 412.49 million by 2028 to expand at 6.8% CAGR during 2023–2028.
Based in end user, the Asia Pacific airport hub network communication market is segmented into airports and airlines. The airline segment is sub-segmented into passenger and cargo. The passenger segment held 72.9 % share of Asia Pacific airport hub network communication market in 2023, amassing US$ 131.86 million. It is projected to garner US$ 200.34 million by 2028 to expand at 8.7% CAGR during 2023–2028. The airports segment is sub-segmented into class I, class II, class III, and class IV. The class I segment held 67.7% share of Asia Pacific airport hub network communication market in 2023, amassing US$ 221.86 million. It is projected to garner US$ 315.31 million by 2028 to expand at 7.3% CAGR during 2023–2028.
Based on connectivity, the Asia Pacific airport hub network communication market is segmented into internet and MPLS. The MPLS segment held 57.2% share of Asia Pacific airport hub network communication market in 2023, amassing US$ 290.74 million. It is projected to garner US$ 399.19 million by 2028 to expand at 6.5% CAGR during 2023–2028.
Based on country, the Asia Pacific airport hub network communication market has been categorized into the Australia, China, India, Japan, South Korea, and Rest of Asia Pacific. Our regional analysis states that China captured 37.3% share of Asia Pacific airport hub network communication market in 2023. It was assessed at US$ 189.64 million in 2023 and is likely to hit US$ 268.90 million by 2028, exhibiting a CAGR of 7.2 % during the forecast period.
Key players dominating the Asia Pacific airport hub network communication market are Amadeus IT Group SA; Amazon Web Services Inc; Cisco Systems Inc; Collins Aerospace; Embross Systems Pvt Ltd; Honeywell International Inc; SITA Switzerland SaRl; TAV Technologies Ltd; and Telefonaktiebolaget LM Ericsson among others.
Contact Us
Phone: +16467917070
Email Id: sales@businessmarketinsights.com