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Asia Pacific Airside Service: Airport Expansion and Development
Frost & Sullivan, Oct 2009, Pages: 75
This Frost & Sullivan research service titled Asia Pacific Airside Service: Airport Expansion and Development provides current and future industry dynamics, revenue forecasts, and market penetration strategies. In this research, Frost & Sullivan's expert analysts thoroughly examine the following markets: air traffic management (ATM), airside terminal, and aircraft support.
Market Overview
Increase in Passenger Travel Give Wings to the Airport Airside Services Market
Massive growth of air travel in the Asia Pacific, especially in the low-cost carrier (LCC) segment, has been mirrored by the airport industry, compelling airports to expand their capabilities and capacity to address future projections. Asia Pacific’s rising population, backed by a rise in tourism, has ensured that there is no drop in sky traffic. In fact, several airports across the region are facing inadequate capacity as flights continue to swell in numbers over the years. The airport industry has been reacting to this issue by expanding existing airports and developing new ones. “Numerous airport airside services projects are expected to get underway in the Asia Pacific region but are averaged out through the years based on historical trends,” says the analyst of this research. “From the current available data, it is evident that South Korea, Vietnam, and Australia have announced the most airport expansion and development projects by 2015.”
However, these ambitious airport expansion and development could be slightly hampered by policy changes, which could potentially affect investment plans. Some governments in the Asia Pacific tend to realign their priorities every five to ten years, which is detrimental to any long-term investment plans, as international investors could perceive a lack of commitment from the government. Investors, suppliers, and contractors need to be aware that there are various establishments that are responsible for aligning a specific airport’s direction and objectives. “Airports are governed and managed by the respective airport management bodies in the government, private management companies, and airport investment companies,” notes the analyst. “Most airports will execute expansion programs in line with their short- and long-term goals and in some cases, these upgrades will cover the whole airport or just the landside terminal.”
Meanwhile, regulatory bodies such as the International Civil Aviation Organization (ICAO) are taking measures to ensure that safety standards are strictly adhered in all airports in the region. This is especially evident in the development of the ATM segment, whereby navigational aids, runway lighting, runway surface, and instrument landing system (ILS) are monitored by the regulatory bodies. The governing bodies also closely scrutinize the maintenance of such systems. These steps have gone a long way in attracting investors to the airside services market. “Airport investment companies are making an effort to identify potential profitable business avenues and a number of acquisitions have taken place in airports in Asia Pacific, either by local private companies or overseas-based multinational companies,” observes the analyst. “Investment companies will typically revamp an airport business structure and re-align the airport’s objectives by making a series of developments to ensure future profitability.”
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
By Service Segment:
- Air traffic management
- Airside terminal
- Aircraft support
By Geographic Region:
- Australia
- New Zealand
- Japan
- South Korea
- Singapore
- Malaysia
- Thailand
- Vietnam
- The Philippines
- Pakistan
- Myanmar
- Laos
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