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Asia Pacific Airport Asset Tracking Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Offering (Hardware and Software), and Asset Type (Fixed Assets, Portable Assets, and Mobile Assets)

Code: TIPRE00015457 | Pages: 87 | Industry: Aerospace and Defense | Date: Oct 2020
Covid

Market Introduction

APAC has become one of the largest aviation markets, with air passenger count in billions every year. Over 100 million new passengers are anticipated to reach in the coming years. The rising number of air passengers has led to increase in the number of aircraft flights every day; therefore, the airport operators in Asia have started evaluating the efficiency of their operations. With a goal to bring advanced technologies in airport processes to enhance productivity, all the airport operators take the digitalization approach. For instance, in July 2020, Thailand's aviation agencies inked a 5G Smart Airport to give 5G networks and services at different airports in Thailand. The government bodies of Thailand are collaborating with Huawei to introduce 5G networking. Steps to introduce smart airports in the Asian economy would trigger the adoption of technologies such as asset tracking and asset management at these facilities. Rapid developments in technologies, initiatives from governments, digitalization of economies, and rising disposable income of the middle-income class group are among the factors propelling the region's overall economic growth, driving it from a developing stage to a developed stage. Thailand, Vietnam, China, India, and Hong Kong are a few of the countries witnessing new airports in their territories. Thus, the construction of new airports and integration of advanced technologies for asset management would propel the airport asset tracking market growth in APAC during the forecast period. Also, technologically advanced airports are being built which is the major factor driving the growth of the APAC airport asset tracking market.

Furthermore, COVID-19 is having a negative impact over APAC region. APAC is characterized by the presence of a large number of developing countries, positive economic outlook, high industrial presence, strategic government initiatives, huge population, and rising disposable income. All these factors make APAC a major growth driving region for various solutions and services markets, including asset tracking systems and solutions. The outbreak of coronavirus had an impact on industries owing to the uncertainty in the supply chain and user demand. APAC accounts for the largest count of new airport construction and airport expansion. China leads the table in the APAC with significantly in terms of numbers and investments followed by India. Both the countries have been experiencing tremors of COVID-19 pandemic. This had led to a sudden suspension of construction activities in last few months, which, in turn, had a negative effect on the supply chain of technologies. Additionally, the airport businesses had also been adjourned temporarily, which led to slow down the adoption rate of technologies among the airport authorities and airlines. This is negatively affecting the airport asset tracking market in the current scenario. However, as the governments of several countries have granted the permission for reopening businesses and construction activities, the demand for airport assets and their associated technology solutions is expected to gain momentum likely in the last quarter of 2020 and positively in 2021.


Market Overview and Dynamics

The airport asset tracking market in APAC is expected to grow from US$ 125.1 million in 2019 to US$ 348.4 million by 2027; it is estimated to grow at a CAGR of 14.3% from 2020 to 2027. Governments across APAC are striving toward bringing advancements in the aviation sector, as well as associated industries. The growing investments toward the construction of newer airports and expansion of the existing ones are encouraging the adoption of enhanced solutions for better operations, which is contributing to the airport asset tracking market growth. As per the Airport Council International (ACI), the growth rate of air passengers in APAC region was estimated as 10%. To accommodate steadily rising passenger count, considerable investments are being made to build new airports or expand existing infrastructures. As per the Center for Aviation (CAPA), the investments on new airport construction were significantly high in 2019, with Asia Pacific being a frontrunner. Similarly, there was substantial capitalization on airport renovation activities or expansion activities in 2018, 2019, and 2020. Further, with the rising number of air travelers, there has been an increase in the expansion of existing airport facilities with a greater number of terminals. This reflects in an escalated demand for passenger boarding management, baggage management, and cargo area management solutions. Therefore, a growing number of airports in APAC is bolstering the airport asset tracking market.

Key Market Segments

In terms of offering, the hardware segment accounted for the largest share of the APAC airport asset tracking market in 2019. In terms of asset type, the mobile assets segment held a larger market share of the APAC airport asset tracking market in 2019.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the airport asset tracking market in APAC are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Asset Fusion Limited, Ctrack, Geotab Inc., Steerpath Oy, Unilode Aviation Solutions.

Reasons to buy report

  • To understand the APAC airport asset tracking market landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for APAC airport asset tracking market
  • Efficiently plan M&A and partnership deals in APAC airport asset tracking market by identifying market segments with the most promising probable sales
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form APAC airport asset tracking market
  • Obtain market revenue forecast for airport asset tracking market by various segments from 2020-2027 in APAC region.

APAC Airport Asset Tracking Market Segmentation

APAC Airport Asset Tracking Market - By Offering

  • Hardware
  • Software

APAC Airport Asset Tracking Market - By Asset Type

  • Fixed Assets
  • Portable Assets
  • Mobile Assets

APAC Airport Asset Tracking Market - By Country

  • Australia
  • China
  • India
  • Japan
  • South Korea
  • Rest of APAC

APAC Airport Asset Tracking Market - Company Profiles

  • Asset Fusion Limited
  • Ctrack
  • Geotab Inc.
  • Steerpath Oy
  • Unilode Aviation Solutions

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

2.           Key Takeaways

3.           Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           APAC Airport Asset Tracking Market Landscape

4.1         Market Overview

4.2         APAC PEST Analysis

4.3         Ecosystem Analysis

4.4         Expert Opinions

5.           APAC Airport Asset Tracking Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Diverse Asset Tracking Projects Adopting Single Integrated Platform

5.1.2        Boost in Airports Figures Causing Huge Air Traffic

5.2         Market Restraints

5.2.1        Inadequate Investments on Airports in Developed Nations

5.3         Market Opportunities

5.3.1        Emerging Alliances Between Ecosystem Players

5.3.2        Technologically Advanced Airports Being Built

5.4         Future Trends

5.4.1        Recent Arrival of Low-Power Wide-Area Networks

5.5         Impact Analysis of Drivers and Restraints

6.           Airport Asset Tracking Market – APAC Analysis

6.1         APAC Airport Asset Tracking Market Overview

6.2         APAC Airport Asset Tracking Market –Revenue, and Forecast to 2027 (US$ Million)

6.3         Market Positioning – Key Players

7.           APAC Airport Asset Tracking Market Analysis –  By Offering

7.1         Overview

7.2         APAC Airport Asset Tracking Market, By Offering (2019 and 2027)

7.3         Hardware

7.3.1        Overview

7.3.2        Hardware: Airport Asset Tracking Market – Revenue and Forecast to 2027 (US$ Million)

7.4         Software

7.4.1        Overview

7.4.2        Software: Airport Asset Tracking Market – Revenue and Forecast to 2027 (US$ Million)

8.           APAC Airport Asset Tracking Market Analysis –  By Asset Type

8.1         Overview

8.2         APAC Airport Asset Tracking Market Breakdown, by Asset Type, 2019 & 2027

8.3         Fixed Assets

8.3.1        Overview

8.3.2        Fixed Assets Market Revenue and Forecast to 2027 (US$ Million)

8.4         Portable Assets

8.4.1        Overview

8.4.2        Portable Assets Business Market Revenue and Forecast to 2027 (US$ Million)

8.5         Mobile Assets

8.5.1        Overview

8.5.2        Mobile Assets Market Revenue and Forecast to 2027 (US$ Million)

9.           APAC Airport Asset Tracking Market –  Country Analysis

9.1         Overview

9.1.1        APAC: Airport Asset Tracking Market, by Key Country

9.1.1.1          Australia: Airport Asset Tracking Market – Revenue and Forecast to 2027 (US$ Million)

9.1.1.1.1          Australia: Airport Asset Tracking Market, by Offering

9.1.1.1.2          Australia: Airport Asset Tracking Market, by Asset Type

9.1.1.2          China: Airport Asset Tracking Market – Revenue and Forecast to 2027 (US$ Million)

9.1.1.2.1          China: Airport Asset Tracking Market, by Offering

9.1.1.2.2          China: Airport Asset Tracking Market, by Asset Type

9.1.1.3          India: Airport Asset Tracking Market – Revenue and Forecast to 2027 (US$ Million)

9.1.1.3.1          India: Airport Asset Tracking Market, by Offering

9.1.1.3.2          India: Airport Asset Tracking Market, by Asset Type

9.1.1.4          Japan: Airport Asset Tracking Market – Revenue and Forecast to 2027 (US$ Million)

9.1.1.4.1          Japan: Airport Asset Tracking Market, by Offering

9.1.1.4.2          Japan: Airport Asset Tracking Market, by Asset Type

9.1.1.5          South Korea: Airport Asset Tracking Market – Revenue and Forecast to 2027 (US$ Million)

9.1.1.5.1          South Korea: Airport Asset Tracking Market, by Offering

9.1.1.5.2          South Korea: Airport Asset Tracking Market, by Asset Type

9.1.1.6          Rest of APAC: Airport Asset Tracking Market – Revenue and Forecast to 2027 (US$ Million)

9.1.1.6.1          Rest of APAC: Airport Asset Tracking Market, by Offering

9.1.1.6.2          Rest of APAC: Airport Asset Tracking Market, by Asset Type

10.        Impact of COVID-19 on APAC Airport Asset Tracking Market

10.1      APAC: Impact Assessment of COVID-19 Pandemic

11.        Airport Asset Tracking Market-Industry Landscape

11.1      Market Initiative

12.        Company Profiles

12.1      Steerpath Ltd.

12.1.1     Key Facts

12.1.2     Business Description

12.1.3     Products and Services

12.1.4     Financial Overview

12.1.5     SWOT Analysis

12.1.6     Key Developments

12.2      Geotab Inc.

12.2.1     Key Facts

12.2.2     Business Description

12.2.3     Products and Services

12.2.4     Financial Overview

12.2.5     SWOT Analysis

12.2.6     Key Developments

12.3      Unilode Aviation Solutions

12.3.1     Key Facts

12.3.2     Business Description

12.3.3     Products and Services

12.3.4     Financial Overview

12.3.5     SWOT Analysis

12.3.6     Key Developments

12.4      Asset Fusion Limited

12.4.1     Key Facts

12.4.2     Business Description

12.4.3     Products and Services

12.4.4     Financial Overview

12.4.5     SWOT Analysis

12.4.6     Key Developments

12.5      Ctrack

12.5.1     Key Facts

12.5.2     Business Description

12.5.3     Products and Services

12.5.4     Financial Overview

12.5.5     SWOT Analysis

12.5.6     Key Developments

13.        Appendix

13.1      About The Insight Partners

             13.2      Word Index


LIST OF TABLES

Table 1.             APAC Airport Asset Tracking Market –Revenue and Forecast to 2027 (US$ Million)

Table 2.             Australia: Airport Asset Tracking Market, by Offering –Revenue and Forecast to 2027 (US$ Million)

Table 3.             Australia: Airport Asset Tracking Market, by Asset Type –Revenue and Forecast to 2027 (US$ Million)

Table 4.             China: Airport Asset Tracking Market, by Offering –Revenue and Forecast to 2027 (US$ Million)

Table 5.             China: Airport Asset Tracking Market, by Asset Type –Revenue and Forecast to 2027 (US$ Million)

Table 6.             India: Airport Asset Tracking Market, by Offering –Revenue and Forecast to 2027 (US$ Million)

Table 7.             India: Airport Asset Tracking Market, by Asset Type –Revenue and Forecast to 2027 (US$ Million)

Table 8.             Japan: Airport Asset Tracking Market, by Offering –Revenue and Forecast to 2027 (US$ Million)

Table 9.             Japan: Airport Asset Tracking Market, by Asset Type –Revenue and Forecast to 2027 (US$ Million)

Table 10.          South Korea: Airport Asset Tracking Market, by Offering –Revenue and Forecast to 2027 (US$ Million)

Table 11.          South Korea: Airport Asset Tracking Market, by Asset Type –Revenue and Forecast to 2027 (US$ Million)

Table 12.          Rest of APAC: Airport Asset Tracking Market, by Offering –Revenue and Forecast to 2027 (US$ Million)

Table 13.          Rest of APAC: Airport Asset Tracking Market, by Asset Type –Revenue and Forecast to 2027 (US$ Million)

Table 14.            APAC Airport Asset Tracking Market: List of Abbreviation


LIST OF FIGURES

Figure 1.           APAC Airport Asset Tracking Market Segmentation

Figure 2.           APAC Airport Asset Tracking Market Segmentation – By Country

Figure 3.           APAC Airport Asset Tracking Market- Country Analysis

Figure 4.           APAC Airport Asset Tracking Market Overview

Figure 5.           Hardware Segment Is Expected To Dominate The Market By Offering

Figure 6.           Mobile Assets Segment Is Expected To Witness The High Growth During The Forecast Period 2020-2027

Figure 7.           APAC – PEST Analysis

Figure 8.           APAC Airport Asset Tracking Market, Ecosystem

Figure 9.           APAC Airport asset tracking Market Impact Analysis of Drivers and Restraints

Figure 10.        APAC Airport Asset Tracking Market – Revenue and Forecast to 2027 (US$ Million)

Figure 11.        APAC Airport Asset Tracking Market Revenue Share, by Offering (2019 and 2027)

Figure 12.        APAC Hardware: Airport Asset Tracking Market – Revenue and Forecast to 2027 (US$ Million)

Figure 13.        APAC Software: Airport Asset Tracking Market – Revenue and Forecast to 2027 (US$ Million)

Figure 14.        APAC Airport Asset Tracking Market Breakdown, by Asset Type (2019 and 2027)

Figure 15.        APAC Fixed Assets Market Revenue and Forecast to 2027(US$ Million)

Figure 16.        APAC Portable Assets Business Market Revenue and Forecast to 2027(US$ Million)

Figure 17.        APAC Mobile Assets Market Revenue and Forecast to 2027(US$ Million)

Figure 18.        APAC: Airport Asset Tracking Market Revenue Share, By Key Country (2019 and 2027)

Figure 19.        Australia: Airport Asset Tracking Market – Revenue and Forecast To 2027 (US$ Million)

Figure 20.        China: Airport Asset Tracking Market – Revenue and Forecast To 2027 (US$ Million)

Figure 21.        India: Airport Asset Tracking Market – Revenue and Forecast To 2027 (US$ Million)

Figure 22.        Japan: Airport Asset Tracking Market – Revenue and Forecast To 2027 (US$ Million)

Figure 23.        South Korea: Airport Asset Tracking Market – Revenue and Forecast To 2027 (US$ Million)

Figure 24.        Rest of APAC: Airport Asset Tracking Market – Revenue and Forecast To 2027 (US$ Million)

Figure 25.          Impact of COVID-19 Pandemic in APAC Market 

  1. Asset Fusion Limited
  2. Ctrack
  3. Geotab Inc. 
  4. Steerpath Oy
  5. Unilode Aviation Solutions

 

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the APAC airport asset tracking market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the APAC airport asset tracking market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the airport asset tracking market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

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