Outlook on the Airport Asset Tracking European Market to 2027 - by Offering and Asset Type - ResearchAndMarkets.com

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The "Europe Airport Asset Tracking Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Offering, and Asset Type" report has been added to ResearchAndMarkets.com's offering.

According to this report the European airport asset tracking market is expected to reach US$233.7 million by 2027 from US$88.5 million in 2019. The market is estimated to grow at a CAGR of 13.5% from 2020 to 2027.

The report provides trends prevailing in the Europe airport asset tracking market along with the drivers and restraints pertaining to the market growth. Mounting air traffic due to increase in airports tally is the major factor driving the growth of the Europe airport asset tracking market. However, issues associated with developed countries depriving airport investments hinders the growth of Europe airport asset tracking market.

The Europe airport asset tracking market is segmented into offering, asset type and country. Based on offering, the Europe airport asset tracking is bifurcated into hardware and software. Hardware held the larger market share in 2019. On basis of the asset type the market is further segmented into fixed assets, portable assets and mobile assets. Mobile assets held a substantial market share throughout the forecast period.

Also the ongoing COVID-19 is having very bad impact over the Europe region. Due to the COVID-19 outbreak, Spain, Italy, Germany, UK, and France are some of the worst affected member states in the European region. Businesses in the region are facing severe economic difficulties as they had either to suspend their operations or reduce their activities in a substantial manner. Owing to business shutdown, the region is anticipated to an economic slowdown in 2020 and most likely in 2021 also. Air business is one of the important businesses in the European countries, and the outbreak of COVID-19 across the region has paralyzed the entire business. The revenue generated from airports contributes a significant share in the GDP of every European country.

However, the airports in the region are witnessing continual stall in revenues, as operations had been suspended for regular passenger flights in last few months as well as halt of airport infrastructure development in several countries. Owing to the temporary termination of airport operations (except cargo business and repatriation), the revenue generation for end users has fallen drastically, which would take a longer time to normalize. However, it is expected that, with the start of construction projects, the demand for technologically advanced systems and the software will grow. Nonetheless, the airport asset tracking market in 2020 in Europe will remain sluggish.

Reasons to Buy

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe 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 Europe 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 Europe 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

Market Dynamics

Drivers

  • Integrated Platform for Numerous Asset Tracking Tasks Being Widely Accepted

  • Mounting Air Traffic Due to Increase in Airports Tally

Restraints

  • Developed Countries Depriving Airport Investments

Opportunities

  • Increasing Collaborations within Ecosystem Players

  • Smart Airports Being Constructed Rapidly

Future Trends

  • Advent of Low-Power Wide-Area Networks

Companies Mentioned

  • Abeeway

  • Adveez

  • Asset Fusion Limited

  • Ctrack

  • Geotab Inc.

  • indoo.rs GmbH

  • Steerpath Oy

  • Targa Telematics S.p.A.

  • TracLogik

  • Undagrid

  • Unilode Aviation Solutions

For more information about this report visit https://www.researchandmarkets.com/r/kwslr6

View source version on businesswire.com: https://www.businesswire.com/news/home/20201203005496/en/

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