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Middle East & Africa 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: TIPRE00015459 | Pages: 81 | Industry: Aerospace and Defense | Date: Oct 2020
Covid

Market Introduction

The aviation sector in the MEA is witnessing exponential growth on the back of increasing air passenger traffic and airline fleet expansion. This has attracted significant investments in the deployment of advanced technologies, such as RFID and IoT, to conduct uninterrupted airport operations. As the airspace is heavily congested and airports in the region are competing with each other, the airport operators are digitalizing their operations. Deployment of digital technologies is changing the way of airports operate, along with enhancing passenger experience. The airport asset tracking market in the MEA is further segmented into South Africa, Saudi Arabia, and the UAE. The region is expected to witness rapid commercialization and industrialization, which would also boost the growth of various sectors in the region. The Gulf countries are economically developed, while the African countries are yet to match up to countries' economic conditions. In addition to increasing air travelers, the construction of new airports, backed by government investments, would further contribute to the escalating digitalization of in new airports. The ongoing airport construction projects in the region include Dubai's Al Maktoum Airport, set to be completed by 2030; Kuwait International Airport expansion project (2023); King Abdulaziz International Airport, Jeddah (2025); and New Kuwait Airport (2022). The rising number of upcoming projects will end up into increasing number of fixed, portable, and mobile assets that is expected to boost the demand for digital technologies such as airport asset tracking solutions in the MEA during the forecast period. Also, Ecosystem players are forming new joint associations is the major factor driving the growth of the MEA airport asset tracking market.

Furthermore, COVID-19 is having terrible effect on MEA economy. In the MEA region, Iran, Saudi Arabia, Qatar, South Africa, and UAE are some of the countries with high number of COVID-19 confirmed cases and deaths. The economic and industrial growth of these countries has been affected negatively in the past few months. The region comprises many growing economies such as UAE, among others, which are prospective markets for asset tracking solution providers, owing to the huge presence of diverse customer base as well as infrastructural development to build smart cities. The MEA aviation industry has been shocked by the emergence of the COVID-19 virus across the region. Continuously falling number of passenger counts at airports until airport operations ceased by the governing authorities led the airports to observe downfall in revenue generation. The region has a number of aircraft construction, and expansion projects in the pipeline which are expected to be completed by 2020 and 2021, the temporary shutdown of construction activities are reflecting slower than the usual adoption rate of technologies. This is negatively impacting the airport asset tracking market. However the airport asset tracking market is expected to bloom by mid-2021 for upcoming years.

Market Overview and Dynamics

The airport asset tracking market in MEA is expected to grow from US$ 41.2 million in 2019 to US$ 102.3 million by 2027; it is estimated to grow at a CAGR of 12.7% from 2020 to 2027. The MEA air traffic is likely to double in the next two decades, which would trigger new challenges in the management of the vast range of assets, including the unit load devices (ULDs); maintenance, repairs, and overhaul (MRO) spare parts; and tractors. In the aviation industry, asset tracking is essential for effective asset management. These assets are necessary at an airport at the time of every departure. Presently, most of these sets of assets are tracked either by stand-alone solutions such as ULD tracking, or they are tracked manually. Similarly, wheelchairs needed in an aircraft may be tracked either manually or via separate tracking solution. Many airports are in congested conditions due to complex slot sharing as well as swapping arrangements. Thus, planning, moving, tracking, and managing the assets through a unified solution can help airports, airlines, and service providers be more efficient, which would ultimately help in growth of airport asset tracking market in MEA.

Key Market Segments

In terms of offering, the hardware segment accounted for the largest share of the MEA airport asset tracking market in 2019. In terms of asset type, the mobile assets segment held a larger market share of the MEA 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 MEA 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, Litum; Tri-Logical Technologies Limited, Unilode Aviation Solutions.

Reasons to buy report

  • To understand the MEA 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 MEA airport asset tracking market
  • Efficiently plan M&A and partnership deals in MEA 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 MEA airport asset tracking market
  • Obtain market revenue forecast for airport asset tracking market by various segments from 2020-2027 in MEA region.

MEA Airport Asset Tracking Market Segmentation

MEA Airport Asset Tracking Market - By Offering

  • Hardware
  • Software

MEA Airport Asset Tracking Market - By Asset Type

  • Fixed Assets
  • Portable Assets
  • Mobile Assets

MEA Airport Asset Tracking Market - By Country

  • Saudi Arabia
  • South Africa
  • UAE
  • Rest of MEA

MEA Airport Asset Tracking Market - Company Profiles

  • Asset Fusion Limited
  • Ctrack
  • Litum 
  • Tri-Logical Technologies Limited
  • 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.           MEA Airport Asset Tracking Market Landscape

4.1         Market Overview

4.2         MEA PEST Analysis

4.3         Ecosystem Analysis

4.4         Expert Opinions

5.           MEA Airport Asset Tracking Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Single Platform for Multiple Asset Tracking Tasks Being Used

5.1.2        MEA Witnessing High Air Traffic Due to Upcoming of New Airports

5.2         Market Restraints

5.2.1        Airport Investments Short Falling in Developed Countries

5.3         Market Opportunities

5.3.1        Ecosystem Players Forming New Joint Associations

5.3.2        Growing Number of Smart Airports

5.4         Future Trends

5.4.1        Low-Power Wide-Area Networks Gaining Traction

5.5         Impact Analysis of Drivers and Restraints

6.           Airport Asset Tracking Market – MEA Analysis

6.1         MEA Airport Asset Tracking Market Overview

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

6.3         Market Positioning – Key Players

7.           MEA Airport Asset Tracking Market Analysis –  By Offering

7.1         Overview

7.2         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.           MEA Airport Asset Tracking Market Analysis –  By Asset Type

8.1         Overview

8.2         MEA 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.           MEA Airport Asset Tracking Market – Country Analysis

9.1         Overview

9.1.1        MEA: Airport Asset Tracking Market, by Key Country

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

9.1.1.1.1          South Africa: Airport Asset Tracking Market, by Offering

9.1.1.1.2          South Africa: Airport Asset Tracking Market, by Asset Type

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

9.1.1.2.1          Saudi Arabia: Airport Asset Tracking Market, by Offering

9.1.1.2.2          Saudi Arabia: Airport Asset Tracking Market, by Asset Type

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

9.1.1.3.1          UAE: Airport Asset Tracking Market, by Offering

9.1.1.3.2          UAE: Airport Asset Tracking Market, by Asset Type

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

9.1.1.4.1          Rest of MEA: Airport Asset Tracking Market, by Offering

9.1.1.4.2          Rest of MEA: Airport Asset Tracking Market, by Asset Type

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

10.1      MEA: Impact Assessment of COVID-19 Pandemic

11.        Airport Asset Tracking Market-Industry Landscape

11.1      Market Initiative

12.        Company Profiles

12.1      Litum

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      Tri-Logical Technologies Ltd

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

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

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

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

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

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

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

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

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

Table 10.            MEA Airport Asset Tracking Market: List of Abbreviation


LIST OF FIGURES

Figure 1.           MEA Airport Asset Tracking Market Segmentation

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

Figure 3.           MEA Airport Asset Tracking Market- Country Analysis

Figure 4.           MEA 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.           MEA PEST Analysis

Figure 8.           MEA Airport Asset Tracking Market, Ecosystem

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Figure 23.          Impact of COVID-19 Pandemic in MEA Market 

  1. Asset Fusion Limited
  2. Ctrack
  3. Litum 
  4. Tri-Logical Technologies Limited
  5. Unilode Aviation Solutions
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the MEA 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 MEA 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 MEA 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

Related Tags Middle East & Africa Airport Asset Tracking Market

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