The airport hub network communication market in North America is expected to grow from US$ 955.95 million in 2023 to US$ 1,307.01 million by 2028. It is estimated to grow at a CAGR of 6.5% from 2023 to 2028.
Increasing Air Traffic is Fuels North America Airport Hub Network Communication Market
Urbanization rates are rising across the globe. For instance, as per the International Air Transport Association (IATA), North America air traffic rise in January 2023 as compared to January 2022. In addition, air traffic grew in January 2023 as compared to January 2019. More air traffic leads to a higher number of flight operations globally. In addition, the rise in e-commerce and world trade globally, the demand for the air transport for the goods transportation is growing to meet the requirements from business and consumers for fast deliveries. The airport's management of flight operations plays a crucial role in air traffic control, flight arrival and departure, information exchange, and the management of connecting flights. Hence, a robust network communication between the airport and the airline authorities is needed, which contribute to the airport hub network communication market growth.
North America Airport Hub Network Communication Market Overview
The North America market for airport hub network communication is fragmented into three major regions, which includes The US, Canada, and Mexico. According to International Air Transport Association (IATA), air transport is one of the biggest contributors to North America’s economy. Airport transportation is responsible for creating new jobs, increasing the flow of trade, and encouraging tourism, which results in increased spending by airlines on the airports, thus contributing to the economy. In addition, US Federal Aviation Administration’s (FAA) Air Traffic Organization (ATO) provided its service to over 45,000 flights and served ~2.9 million passengers on an average daily basis in the FY22. On average, in a year, FAA manages ~16.40 million flights, schedules more than 10 million flights, and monitors more than 5,400 flights that remain operational simultaneously. Such a strong aviation sector requires efficient solutions to manage airport traffic. Therefore, the region focuses on maintaining and enhancing the operational efficiencies of the airport and airlines. In addition, the region is considered an early adopter of the technologies due to its strong economy, which contributes to the demand for the solutions and services implemented at the airport and airlines to improve the business processes, propelling the airport hub network communication market.
North America Airport Hub Network Communication Market Revenue and Forecast to 2028 (US$ Million)
Strategic insights for the North 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 North 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.North America Airport Hub Network Communication Strategic Insights
North America Airport Hub Network Communication Report Scope
Report Attribute
Details
Market size in 2023
US$ 955.95 Million
Market Size by 2028
US$ 1,307.01 Million
Global CAGR (2023 - 2028)
6.5%
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
North America
Market leaders and key company profiles
North America Airport Hub Network Communication Regional Insights
North America Airport Hub Network Communication Market Segmentation
The North America airport hub network communication market is segmented into component, types, connectivity, end user, and country.
Based on components, the North America airport hub network communication market is segmented into solutions and services. The services segment held a larger North America airport hub network communication market share in 2023.
Based on type, the North 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 North 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 North 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 North America airport hub network communication market share in 2023.
Based on connectivity, the North America airport hub network communication market is segmented into internet and MPLS. The MPLS segment held larger North America airport hub network communication market share in 2023.
Based on country, the market is segmented into the US, Canada, and Mexico. The US dominated the North America airport hub network communication market share in 2023.
Honeywell International Inc; SITA Switzerland SaRl; Amazon Web Services Inc; Amadeus IT Group SA; Embross Systems Pvt; Cisco Systems Inc; Telefonaktiebolaget LM Ericsson; and Collins Aerospace are the leading companies operating in the North America airport hub network communication market in the region.
The North America Airport Hub Network Communication Market is valued at US$ 955.95 Million in 2023, it is projected to reach US$ 1,307.01 Million by 2028.
As per our report North America Airport Hub Network Communication Market, the market size is valued at US$ 955.95 Million in 2023, projecting it to reach US$ 1,307.01 Million by 2028. This translates to a CAGR of approximately 6.5% during the forecast period.
The North 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 North America Airport Hub Network Communication Market report:
The North 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 North America Airport Hub Network Communication Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Airport Hub Network Communication Market value chain can benefit from the information contained in a comprehensive market report.