North America 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)

North America 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)

The North America airport asset tracking market is expected to grow from US$ 73.0 million in 2019 to US$ 158.1 million by 2027; it is estimated to grow at a CAGR of 10.7% from 2020 to 2027.

Governments across North America are striving to bring advancements in the aviation sector and associated industries. Growing investments in the construction of new airports and expansion of the existing ones demand adoption of enhanced solutions for better operations, which, in turn, drives the growth of the North America airport asset tracking market. As per the Airport Council International (ACI), the growth rate of air passengers in North America was estimated to be 3.7% in 2019. To accommodate the continuously rising passenger count, considerable investments are being made to build new airports or expand existing infrastructure. As per the Center for Aviation (CAPA), investments in new airport construction were significantly high in 2019 in North America. Similarly, there was a substantial capitalization in the airport renovation or expansion activities during 2018–2020. Airports nowadays are focusing on the deployment and integration of advanced technologies for smooth operations which in turn is boosting airport asset tracking market. Apart from managing passenger movements, numerous other tasks, such as cargo handling, baggage management, loading, and ramp management, are performed at airports. To ensure efficient flow of tracking operations, the airport management seeks advanced solutions and technologies. With the rising number of air travellers, the expansion projects of existing airport facilities with a greater number of terminals are also increasing, so is the need of airport asset tracking. Growing number of such projects escalates the demand for solutions for passenger boarding management, baggage management, and cargo area management. Therefore, the rising number of airports bolsters the demand for airport asset tracking market in North America. Additionally, the acceptance of common platform for asset tracking by various asset tracking tasks is among the other factors expected to fuel the demand for airport asset tracking market in the region.

Based on offering, the hardware segment led the North America airport asset tracking market in 2019. Advanced tracking devices and wireless RF technology are affordable and easy solutions for logistics and smart chain to track valuable assets comprising vehicle fleets and on-ground equipment such as trolleys, ground power units, loaders, and baggage tractors. Through IoT tracking for equipment and fleets, aerospace companies are now able to reduce cost through keeping these equipment in the field for a long time with close monitoring of real-time location and better visibility for addressing maintenance problems. In an airport, the asset tracking devices provide managers an affordable access to all the information they need from assets at workplace. RF technology-based devices, sensors, and gateways are an affordable solutions for capturing, managing, and tracking all data gathered by multiple movable assets. Thus airport asset tracking helps managers in airports to make informed decisions about the assets.

North America is one of the most important regions for the adoption and growth of new technologies owing to favorable government policies, high-tech companies, and high purchasing power, especially in developed countries such as the US and Canada. However, over the last few months, the COVID-19 outbreak has negatively impacted the economic growth of North America, with the US being the worst-hit country in the region. The continuously growing number of infected patients has led the government to impose lockdown across the nations. The airport closure for regular passengers has led the airports to experience deflation in the revenue. Owing to the shutdown on airports, the demand for tracking assets has fallen drastically. However, the impact of the COVID-19 pandemic on the North America airport asset tracking market is a short-term, and it is likely to decrease by 2022.

The overall North America airport asset tracking market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the airport asset tracking market. The process also serves the purpose of obtaining an overview and forecast for the North America airport asset tracking market with respect to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants who typically take part in such a process include industry experts, such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants, such as valuation experts, research analysts, and key opinion leaders specializing in the North America airport asset tracking market. Adveez; Asset Fusion Limited; Ctrack; Geotab Inc.; Radiant RFID, LLC; Steerpath Oy; and Unilode Aviation Solutions are among a few players operating in the North America airport asset tracking market.

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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. North America Airport Asset Tracking Market Landscape
4.1 Market Overview
4.2 North America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. North America Airport Asset Tracking Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Acceptance of Common Platform by Various Asset Tracking Tasks
5.1.2 Growing Number of Airports Leading to Surge in Air Traffic
5.2 Market Restraints
5.2.1 Developed Countries Witnessing Low Investments on Airports
5.3 Market Opportunities
5.3.1 Ecosystem Players Building More Partnerships
5.3.2 More Smart Airports Getting Developed
5.4 Future Trends
5.4.1 Coming up of Low-Power Wide-Area Networks
5.5 Impact Analysis of Drivers and Restraints
6. Airport Asset Tracking Market – North America Analysis
6.1 North America Airport Asset Tracking Market Overview
6.2 North America Airport Asset Tracking Market –Revenue, and Forecast to 2027 (US$ Million)
6.3 Market Positioning – Key Players
7. North America Airport Asset Tracking Market Analysis – By Offering
7.1 Overview
7.2 North America 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. North America Airport Asset Tracking Market Analysis – By Asset Type
8.1 Overview
8.2 North America 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. North America Airport Asset Tracking Market – Country Analysis
9.1 Overview
9.1.1 North America: Airport Asset Tracking Market, by Key Country
9.1.1.1 US: Airport Asset Tracking Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.1.1 US: Airport Asset Tracking Market, by Offering
9.1.1.1.2 US: Airport Asset Tracking Market, by Asset Type
9.1.1.2 Canada: Airport Asset Tracking Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.2.1 Canada: Airport Asset Tracking Market, by Offering
9.1.1.2.2 Canada: Airport Asset Tracking Market, by Asset Type
9.1.1.3 Mexico: Airport Asset Tracking Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.3.1 Mexico: Airport Asset Tracking Market, by Offering
9.1.1.3.2 Mexico: Airport Asset Tracking Market, by Asset Type
10. Impact of COVID-19 on North America Airport Asset Tracking Market
10.1 North America: Impact Assessment of COVID-19 Pandemic
11. Airport Asset Tracking Market-Industry Landscape
11.1 Market Initiative
11.2 Merger and Acquisition
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 Radiant RFID, LLC
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 Adveez
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
12.6 Asset Fusion Limited
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Ctrack
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
List of Tables
Table 1. North America Airport Asset Tracking Market –Revenue and Forecast to 2027 (US$ Million)
Table 2. US: Airport Asset Tracking Market, by Asset Type –Revenue and Forecast to 2027 (US$ Million)
Table 3. Canada: Airport Asset Tracking Market, by Offering –Revenue and Forecast to 2027 (US$ Million)
Table 4. Canada: Airport Asset Tracking Market, by Asset Type –Revenue and Forecast to 2027 (US$ Million)
Table 5. Mexico: Airport Asset Tracking Market, by Offering –Revenue and Forecast to 2027 (US$ Million)
Table 6. Mexico: Airport Asset Tracking Market, by Asset Type –Revenue and Forecast to 2027 (US$ Million)
Table 7. North America Airport Asset Tracking Market: List of Abbreviation
List of Figures
Figure 1. North America Airport Asset Tracking Market Segmentation
Figure 2. North America Airport Asset Tracking Market Segmentation – By country
Figure 3. North America Airport Asset Tracking Market- Country Analysis
Figure 4. North America 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. North America PEST Analysis
Figure 8. North America Airport Asset Tracking Market, Ecosystem
Figure 9. North America Airport asset tracking Market Impact Analysis of Drivers and Restraints
Figure 10. North America Airport Asset Tracking Market – Revenue and Forecast to 2027 (US$ Million)
Figure 11. North America Airport Asset Tracking Market Revenue Share, by Offering (2019 and 2027)
Figure 12. North America Hardware: Airport Asset Tracking Market – Revenue and Forecast to 2027 (US$ Million)
Figure 13. North America Software: Airport Asset Tracking Market – Revenue and Forecast to 2027 (US$ Million)
Figure 14. North America Airport Asset Tracking Market Breakdown, by Asset Type (2019 and 2027)
Figure 15. North America Fixed Assets Market Revenue and Forecast to 2027(US$ Million)
Figure 16. North America Portable Assets Business Market Revenue and Forecast to 2027(US$ Million)
Figure 17. North America Mobile Assets Market Revenue and Forecast to 2027(US$ Million)
Figure 18. North America: Airport Asset Tracking Market Revenue Share, By Key Country (2019 and 2027)
Figure 19. US: Airport Asset Tracking Market – Revenue and Forecast To 2027 (US$ Million)
Figure 20. Canada: Airport Asset Tracking Market – Revenue and Forecast To 2027 (US$ Million)
Figure 21. Mexico: Airport Asset Tracking Market – Revenue and Forecast To 2027 (US$ Million)
Figure 22. Impact of COVID-19 Pandemic in North America Market

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