At 4.6% CAGR, the South America Airport Hub Network Communication Market is projected to be worth US$ 211.24 million by 2028, says The Business Market Insights

According to the Business Market Insights’ research, the South America airport hub network communication market was valued at US$ 169.04 million in 2023 and is expected to reach US$ 211.24 million by 2028, registering a CAGR of 4.6% from 2023 to 2028. Rising number of airports and increasing air traffic are the critical factors attributed to the South America airport hub network communication market expansion.

Air transport is the fastest and most secure way of transporting goods and passengers. Also, with economic development and more personal income, passengers prefer traveling by air to reach their destination quickly and conveniently. According to Boeing, passenger traffic is also expected to grow by 3.8% during 2022–2041 period. In addition, the e-commerce market is displaying steady growth, contributing to increased transportation of goods. The South America trade market prefers cargo transportation by air as it comes with speed and safety benefits while helping to fulfill consumer demand on time. According to Boeing, the air cargo is expected to grow by 4.1% annually between 2022 and 2024. Due to the rising demand for air travel, airlines are expanding their routes and including more aircraft to cope with large passenger numbers. Moreover, older airplanes are being replaced by new ones because of environmental concerns, particularly the high rate of carbon emissions. Boeing estimates that over 50% of old passenger airplanes operating in 2019 will be replaced by recent new models by the year 2031.

The new aircraft or airplanes can be integrated with the latest technologies, which are likely to drive the airport hub network communication market growth during the forecast period.

On the contrary, Cyberattack Threats hurdles the growth of South America airport hub network communication market. 

Based on components, the South America airport hub network communication market is segmented into solutions and services. The services segment held 65.7% share of South America airport hub network communication market in 2023, amassing US$ 111.03 million. It is projected to garner US$ 141.28 million by 2028 to expand at 4.9% CAGR during 2023–2028.

Based on type, the South America airport hub network communication market is segmented into CUTE and CUSS. The CUTE segment held 58.4% share of South America airport hub network communication market in 2023, amassing US$ 98.69 million. It is projected to garner US$ 119.62 million by 2028 to expand at 3.9% CAGR during 2023–2028.  

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 73.1% share of South America airport hub network communication market in 2023, amassing US$ 42.83million. It is projected to garner US$ 56.16 million by 2028 to expand at 5.6 % CAGR during 2023–2028. The airports segment is sub-segmented into class I, class II, class III, and class IV. The class I segment held 74.0% share of South America airport hub network communication market in 2023, amassing US$ 81.74 million. It is projected to garner US$ 101.91million by 2028 to expand at 4.5% CAGR during 2023–2028.

Based on connectivity, the South America airport hub network communication market is segmented into internet and MPLS. The MPLS segment held 56.6% share of South America airport hub network communication market in 2023, amassing US$ 95.72 million. It is projected to garner US$ 116.58 million by 2028 to expand at 4.0 % CAGR during 2023–2028. 

Based on country, the South America airport hub network communication market has been categorized into Brazil, Argentina, and the Rest of South America.  Our regional analysis states that Brazil captured 59.2 % share of South America airport hub network communication market in 2023. It was assessed at US$ 100.13 million in 2023 and is likely to hit US$ 127.80 million by 2028, exhibiting a CAGR of 5.0 % during the forecast period.      

Key players dominating the South America airport hub network communication market are Amadeus IT Group SA; Amazon Web Services Inc; Cisco Systems Inc; Collins Aerospace; Honeywell International Inc; SITA Switzerland SaRl; and Telefonaktiebolaget LM Ericsson among others.   

Contact Us
Phone: +16467917070
Email Id: sales@businessmarketinsights.com