Middle East & Africa Airport Asset Tracking Market

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.

Middle East & Africa Airport Asset Tracking Strategic Insights

Strategic insights for the Middle East & Africa Airport Asset Tracking provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Middle East & Africa Airport Asset Tracking Report Scope

Middle East & Africa Airport Asset Tracking Regional Insights

The geographic scope of the Middle East & Africa Airport Asset Tracking refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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