
Published On: Aug 2023
Published On: Aug 2023
At 5.4% CAGR, the Middle East & Africa Airport Hub Network Communication Market is projected to be worth US$ 315.44 million by 2028, says The Business Market Insights
According to the Business Market Insights’ research, the Middle East & Africa airport hub network communication market was valued at US$ 243.07 million in 2023 and is expected to reach US$ 315.44 million by 2028, registering a CAGR of 5.4% from 2023 to 2028. Rising number of airports and increasing air traffic are the critical factors attributed to the Middle East & Africa airport hub network communication market expansion.
Air transport is the fastest and most secure way of transporting goods and passengers. Also, with economic development and more personal income, passengers prefer traveling by air to reach their destination quickly and conveniently. According to Boeing, passenger traffic is also expected to grow by 3.8% during 2022–2041 period. In addition, the e-commerce market is displaying steady growth, contributing to increased transportation of goods. The Middle East & Africa trade market prefers cargo transportation by air as it comes with speed and safety benefits while helping to fulfill consumer demand on time. According to Boeing, the air cargo is expected to grow by 4.1% annually between 2022 and 2024. Due to the rising demand for air travel, airlines are expanding their routes and including more aircraft to cope with large passenger numbers. Moreover, older airplanes are being replaced by new ones because of environmental concerns, particularly the high rate of carbon emissions. Boeing estimates that over 50% of old passenger airplanes operating in 2019 will be replaced by recent new models by the year 2031.
On the contrary, Cyberattack Threats hurdles the growth of Middle East & Africa airport hub network communication market.
Based on components, the Middle East & Africa airport hub network communication market is segmented into solutions and services. The services segment held 66.5% share of Middle East & Africa airport hub network communication market in 2023, amassing US$ 161.72 million. It is projected to garner US$ 213.77 million by 2028 to expand at 5.7% CAGR during 2023–2028.
Based on type, the Middle East & Africa airport hub network communication market is segmented into CUTE and CUSS. The CUTE segment held 59.0% share of Middle East & Africa airport hub network communication market in 2023, amassing US$ 143.45 million. It is projected to garner US$ 181.29 million by 2028 to expand at 4.8% CAGR during 2023–2028.
Based on end user, the Middle East & Africa airport hub network communication market is segmented into airports and airlines. The airline segment is further sub-segmented into passenger and cargo. The passenger segment held 71.9% share of Middle East & Africa airport hub network communication market in 2023, amassing US$ 62.74 million. It is projected to garner US$ 87.25 million by 2028 to expand at 6.8% 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 67.4% share of Middle East & Africa airport hub network communication market in 2023, amassing US$ 104.92
million. It is projected to garner US$ 134.76 million by 2028 to expand at 5.1% CAGR during 2023–2028.
Based on connectivity, the Middle East & Africa airport hub network communication market is segmented into internet and MPLS. The MPLS segment held 57.5% share of Middle East & Africa airport hub network communication market in 2023, amassing US$ 139.77 million. It is projected to garner US$ 175.87million by 2028 to expand at 4.7% CAGR during 2023–2028.
Based on country, the Middle East & Africa airport hub network communication market has been categorized into Saudi Arabia, South Africa, The UAE and the Rest of Middle East & Africa. Our regional analysis states that the UAE captured 39.4% share of Middle East & Africa airport hub network communication market in 2023. It was assessed at US$ 95.76 million in 2023 and is likely to hit US$ 130.79 million by 2028, exhibiting a CAGR of 6.4 % during the forecast period.
Key players dominating the Middle East & Africa airport hub network communication market are Amadeus IT Group SA; Amazon Web Services Inc; Cisco Systems Inc; Collins Aerospace; Honeywell International Inc; SITA Switzerland SaRl; and Telefonaktiebolaget LM Ericsson among others.
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