The South America airport hub network communication market is expected to grow from US$ 169.04 million in 2023 to US$ 211.24 million by 2028. It is estimated to grow at a CAGR of 4.6% from 2023 to 2028.
Inclusion of Technologies such as 5G and IoTs is Fuels South America Airport Hub Network Communication Market
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.
South America Airport Hub Network Communication Market Overview
The aviation sector in South America is experiencing significant growth, which further contributes to the GDP of the region. The region is engaged in expanding its aviation sector by developing and expanding airports to cater to the demand for air travel. For instance, a new terminal is under construction for the Lima International Airport (LIM) in Peru and is expected to be completed by 2025. Moreover, the region is experiencing a rise in the number of passengers. For instance, according to the Brazil’s Civil Aviation National Authority, the country recorded 97.85 million passengers traveling by air in 2023. In addition, the region has a significant number of airports. For instance, according to the National Civil Aviation Agency of Brazil, as of March 2022, the country had 491 public and 2,677 private airports. Furthermore, as of March 2020, Argentina had more than 100 airports which demands a strong communication network between the airports and the airlines. Thus, all the factors mentioned above drive the demand for airport hub network communication solutions for the management and coordination between the airport and airline authorities, contributing to the growth of the airport hub network communication market.
South America Airport Hub Network Communication Market Revenue and Forecast to 2028 (US$ Million)
Strategic insights for the South America Airport Hub Network Communication 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. The geographic scope of the South America Airport Hub Network Communication 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.South America Airport Hub Network Communication Strategic Insights
South America Airport Hub Network Communication Report Scope
Report Attribute
Details
Market size in 2023
US$ 169.04 Million
Market Size by 2028
US$ 211.24 Million
Global CAGR (2023 - 2028)
4.6%
Historical Data
2021-2022
Forecast period
2024-2028
Segments Covered
By Component
By Platform Type
By Connectivity Type
By End Users
Regions and Countries Covered
South and Central America
Market leaders and key company profiles
South America Airport Hub Network Communication Regional Insights
South America Airport Hub Network Communication Market Segmentation
The South America airport hub network communication market is segmented into component, types, connectivity, end user, and country.
Based on components, the South America airport hub network communication market is segmented into solutions and services. The services segment held a larger South America airport hub network communication market share in 2023.
Based on type, the South America airport hub network communication market is segmented into CUTE and CUSS. The CUTE segment held a larger market share in 2023.
Based in end user, the South America 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 larger South America airport hub network communication market share in 2023. The airports segment is sub-segmented into class I, class II, class III, and class IV. The class I segment held larger South America airport hub network communication market share in 2023.
Based on connectivity, the South America airport hub network communication market is segmented into internet and MPLS. The MPLS segment held a larger South America airport hub network communication market share in 2023.
Based on country, the market is segmented into Brazil, Argentina, and the Rest of South America. Brazil dominated the South America airport hub network communication market share in 2023.
Amadeus IT Group SA; Amazon Web Services Inc; Cisco Systems Inc; Collins Aerospace; Honeywell International Inc; SITA Switzerland SaRl; and Telefonaktiebolaget LM Ericsson are the leading companies operating in the South America airport hub network communication market in the region.
The South America Airport Hub Network Communication Market is valued at US$ 169.04 Million in 2023, it is projected to reach US$ 211.24 Million by 2028.
As per our report South America Airport Hub Network Communication Market, the market size is valued at US$ 169.04 Million in 2023, projecting it to reach US$ 211.24 Million by 2028. This translates to a CAGR of approximately 4.6% during the forecast period.
The South America Airport Hub Network Communication Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South America Airport Hub Network Communication Market report:
The South America Airport Hub Network Communication Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South America Airport Hub Network Communication Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South America Airport Hub Network Communication Market value chain can benefit from the information contained in a comprehensive market report.