Dublin, Oct. 23, 2020 (GLOBE NEWSWIRE) -- The "Airport Asset Tracking Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Offering (Hardware and Software), Asset Type (Fixed Assets, Portable Assets, and Mobile Assets), and Geography" report has been added to ResearchAndMarkets.com's offering.

According to this report the market was valued at US$ 349.3 million in 2019 and is projected to reach US$ 892.2 billion by 2027; it is expected to grow at a CAGR of 13.1% from 2020 to 2027.The report highlights the key factors driving the market growth, and prominent players and their developments in the market.

In the last few years, a rising number of companies have designed and developed asset tracking and management solutions that can be utilized to keep a track of airport assets and enhance efficiency of the ground handling operations and maintenance routines. Airport assets come in several sizes and shapes. Tractors and tugs are the mobile assets utilized to move equipment such as bag carts, air starters, mobile air conditioning units, and lavatory carts. Other assets include, belt loaders, container loaders, pushbacks, passenger boarding stairs, and airport buses. Additional asset types found on airports are de/anti-icing vehicles, portable water trucks, lavatory service vehicles, and catering vehicles.

Further examples of non-powered equipment comprise chocks and dollies. Dollies are used for loose baggage, cargo pallets, and unit load devices. All these types of assets require asset tracking and management solutions for monitoring their locations and status in real-time. Moreover, all these mobile assets are outdoor equipment and are usually integrated with GPS solutions for real-time tracking. Use of different and numerous mobile assets in airport will assist in boosting the market growth. The global mobile assets are expected to reach US$217.1 million by 2022, which is expected to create significant global demand for airport asset tracking for broad array of mobile assets.

Abeeway SAS, Adveez SAS, Asset Fusion Limited, Ctrack, Litum, SteerpathOy, Telemetry Systems Ltd, Undagrid B.V., Targa Telematics S.p.A., Geotab Inc., Inseego Corp., Unilode Aviation Solutions, and Trilogical Ltd. are the leading players operating in the airport asset tracking market.

COVID-19 Impact on Airport Asset Tracking Market

According to the World Health Organization (WHO) report, the US, Brazil, India, and Russia are among the worst affected countries due to the outbreak of COVID-19. Due to COVID-19 pandemic, the entire aviation industry has come to an unscheduled halt across the world in last few months. The suspension of passenger air transport by the governments and airport authorities has shocked several associated industries. Also, there was halt in airport infrastructure development worldwide. Thus, the adoption rate of asset tracking solutions for various airport assets is expected to remain slow over the next couple of years.

Reasons to Buy

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global 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 global 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 global market trends and outlook coupled with the factors driving the 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

Key Topics Covered:

1. Introduction
1.1 Study Scope
1.2 Report Guidance
1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Airport Asset Tracking Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 Asia Pacific
4.2.4 Middle East & Africa
4.2.5 South America
4.3 Ecosystem Analysis
4.4 Expert Opinions

5. Airport Asset Tracking Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Adoption of Unified Platform for Numerous Asset Tracking Tasks
5.1.2 Rising Number of Airports Worldwide owing to Increasing Air Traffic
5.2 Market Restraints
5.2.1 Lack of Significant Investments on Airports in Developed Countries
5.3 Market Opportunities
5.3.1 Surging Partnerships among Ecosystem Players
5.3.2 Rising Construction of Smart Airports
5.4 Future Trends
5.4.1 Emergence of Low-Power Wide-Area Networks
5.5 Impact Analysis of Drivers and Restraints

6. Airport Asset Tracking Market - Global Market Analysis
6.1 Airport Asset Tracking Market Overview
6.2 Airport Asset Tracking Market -Revenue, and Forecast to 2027 (US$ Million)
6.3 Market Positioning - Global Key Players

7. Airport Asset Tracking Market Analysis - By Offering
7.1 Overview
7.2 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. Airport Asset Tracking Market Analysis - By Asset Type
8.1 Overview
8.2 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. Airport Asset Tracking Market - Geographic Analysis
9.1 Overview
9.2 North America: Airport Asset Tracking Market
9.3 Europe: Airport Asset Tracking Market
9.4 APAC: Airport Asset Tracking Market
9.5 MEA: Airport Asset Tracking Market
9.6 SAM: Airport Asset Tracking Market

10. Impact of COVID-19 on Airport Asset Tracking Market
10.1 Impact of COVID-19 Pandemic on Global Airport Asset Tracking Market
10.1.1 North America: Impact Assessment of COVID-19 Pandemic
10.1.2 Europe: Impact Assessment of COVID-19 Pandemic
10.1.3 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
10.1.4 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
10.1.5 South America: Impact Assessment of COVID-19 Pandemic

11. Airport Asset Tracking Market-Industry Landscape
11.1 Market Initiative
11.2 Merger and Acquisition
11.3 New Development

12. Company Profiles
12.1 Litum
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 Steerpath Ltd.
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 TracLogik
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 Undagrid B.V.
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 Targa Telematics S.p.A.
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 Geotab Inc.
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 indoo.rs GmbH
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
12.8 Tri-Logical Technologies Ltd
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Unilode Aviation Solutions
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Radiant RFID, LLC
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
12.11 Abeeway
12.11.1 Key Facts
12.11.2 Business Description
12.11.3 Products and Services
12.11.4 Financial Overview
12.11.5 SWOT Analysis
12.11.6 Key Developments
12.12 Adveez
12.12.1 Key Facts
12.12.2 Business Description
12.12.3 Products and Services
12.12.4 Financial Overview
12.12.5 SWOT Analysis
12.12.6 Key Developments
12.13 Asset Fusion Limited
12.13.1 Key Facts
12.13.2 Business Description
12.13.3 Products and Services
12.13.4 Financial Overview
12.13.5 SWOT Analysis
12.13.6 Key Developments
12.14 Ctrack
12.14.1 Key Facts
12.14.2 Business Description
12.14.3 Products and Services
12.14.4 Financial Overview
12.14.5 SWOT Analysis
12.14.6 Key Developments

13. Appendix
13.1 About the Publisher
13.2 Word Index

For more information about this report visit https://www.researchandmarkets.com/r/yue7g9

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