Loss of more than 4.6 billion passengers and $97 billion in revenue forecast for 2020
Montreal | May 5, 2020– Airports Council International (ACI) World has released updated modelling that shows the worsening economic impact on the global airport industry.
The forecasts of prolonged – and more widespread – impacts and effects of the COVID-19 pandemic have resulted in worsening predictions for traffic and revenue losses for airports across all regions.
ACI World now estimates a reduction of more than two billion passengers at the global level in the second quarter of 2020 and more than 4.6 billion passengers for all of 2020. The estimated decline in total airport revenues on a global scale is estimated to be $39.2 billion (figures in US Dollars) in the second quarter and more than $97 billion for 2020.
This outlook provides yet another stark illustration of the need for government assistance for airports to preserve essential operations and to protect the jobs and livelihoods of the millions of people that work in airports around the world. Last week, ACI World and the International Air Transport Association (IATA) came together to call for urgent tax relief and direct financial assistance that is to the benefit of the entire aviation ecosystem.
“The impact of the COVID-19 pandemic on airports, the wider aviation ecosystem, and the global economy continues to worsen and represents an existential threat to the industry unless governments can provide appropriate relief and assistance,” ACI World Director General Angela Gittens said.
“As traffic and revenue have collapsed, the airport industry has taken all possible measures to preserve stability, but the challenge remains that a significant portion of airport costs are fixed.
“Airports are critical in the air transport ecosystem which is a key driver of local, regional and national economies and the communities they serve, and this global economic multiplier effect needs to be safeguarded to help underpin recovery.
“Jobs need to be protected and airports given financial support so people can rapidly return to work while operations can be scaled up to meet demand as the industry restarts.”
ACI World has applauded those governments around the world that have acted to support airport jobs and operations, but time is running out for assistance to be provided.
ACI World has called for comprehensive financial relief including wage subsidy schemes to allow continued operations and a rapid return to full operations, the protection of airport charges and revenues, urgent tax relief to provide much-needed financial oxygen to airports to ensure continuity of operations and safeguard airport jobs, waivers to airport rents and concession fees, the continuation of charges on air cargo operations to maintain essential airside and cargo facilities. Grants and subsidies, secured financing, loans at preferential rates, and bank guarantees should be made available.
“Financial relief and assistance is urgently needed but it is crucial for the prospects of a balanced recovery that any assistance benefits the entire aviation ecosystem and does not target once sector over other,” Angela Gittens said.
Dublin | March 13, 2020–The “In-flight Entertainment Systems – Market Analysis, Trends, and Forecasts” report has been added to ResearchAndMarkets.com’s offering.
In-flight Entertainment Systems market worldwide is projected to grow by US$3.7 Billion, driven by a compounded growth of 8.3%.
Hardware, one of the segments analyzed and sized in this study, displays the potential to grow at over 7.6%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$4.8 Billion by the year 2025, Hardware will bring in healthy gains adding significant momentum to global growth.
Representing the developed world, the United States will maintain a 7% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$126.8 Million to the region’s size and clout in the next 5 to 6 years. Over US$111.4 Million worth of projected demand in the region will come from Rest of Europe markets. In Japan, Hardware will reach a market size of US$245.5 Million by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 12.1% over the next couple of years and add approximately US$1 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.
Competitors identified in this market include, among others,
- Gogo Business Aviation LLC
- Panasonic Corporation
- Rockwell Collins, Inc.
- Thales Group
- Zodiac Aerospace
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Global Competitor Market Shares
- In-flight Entertainment Systems Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
- Introduction
- A Peek into Evolution of In-Flight Entertainment Over the Years
- Global Commercial Airlines Passenger Traffic Volumes 2013-2019F
- Global Connected Commercial Aircraft by Region (2017)
- Leading Inflight Internet Service Providers
- Market Share of Leading Inflight Wi-fi Service Providers
- Leading Players in Inflight Connectivity market by Market Share
- Global Number of Airlines Offering in-Flight Wi-Fi Connectivity (2016-2020)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Major Trends in In-Flight Entertainment Systems Market
- Advances in Connectivity Drive Opportunities for In-Flight Entertainment Systems
- Virtual Reality Emerges as the Next Phase in Inflight Entertainment
- Lifting of Restrictions on Mobile Devices by CAAC Unfurls Opportunities for In-Flight Connectivity Vendors
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
UNITED STATES
- Market Facts & Figures
- US In-flight Entertainment Systems Market Share (in %) by Company: 2019 & 2025
- Market Analytics
CANADA
JAPAN
CHINA
EUROPE
- Market Facts & Figures
- European In-flight Entertainment Systems Market: Competitor Market Share Scenario (in %) for 2019 & 2025
- Market Analytics
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
SOUTH KOREA
REST OF ASIA-PACIFIC
LATIN AMERICA
ARGENTINA
BRAZIL
MEXICO
REST OF LATIN AMERICA
MIDDLE EAST
IRAN
ISRAEL
SAUDI ARABIA
UNITED ARAB EMIRATES
REST OF MIDDLE EAST
AFRICA
IV. COMPETITION
V. CURATED RESEARCH
For more information about this report visit https://www.researchandmarkets.com/r/l5saoj
Dublin | March 16, 2020–The “Airport Passenger Screening Systems – Market Analysis, Trends, and Forecasts” report has been added to ResearchAndMarkets.com’s offering.
Airport Passenger Screening Systems market worldwide is projected to grow by US$667.3 Million, driven by a compounded growth of 4%. Metal & Explosive Detection Systems, one of the segments analyzed and sized in this study, displays the potential to grow at over 4.2%.
The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$1.8 Billion by the year 2025, Metal & Explosive Detection Systems will bring in healthy gains adding significant momentum to global growth.
Representing the developed world, the United States will maintain a 3.1% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$24 Million to the region’s size and clout in the next 5 to 6 years. Over US$19.4 Million worth of projected demand in the region will come from Rest of Europe markets. In Japan, Metal & Explosive Detection Systems will reach a market size of US$102.5 Million by the close of the analysis period.
As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 6.3% over the next couple of years and add approximately US$188.9 Million in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio.
Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.
Competitors identified in this market include, among others,
- American Science and Engineering, Inc. (AS&E)
- Analogic Corporation
- Autoclear LLC
- CEIA USA Ltd.
- L-3 Communications Holdings, Inc.
- Nuctech Co., Ltd.
- Rapiscan Systems
- SDI
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Global Competitor Market Shares
- Airport Passenger Screening Systems Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
- Airport Passenger Screening Systems Market – A Prelude
- Evolving Security Threats Drive Airports to Implement Advanced Screening Systems and Procedures for Passengers
- Intense Competition Prevails in Airport Passengers Screening Systems Market
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Increasing Investments into Airport Construction Projects Translates into Significant Opportunity for Passenger Screening Systems
- Global Investments into New and Existing Airport Construction Projects in US$ Million for the Years 2018-2022
- Global Investments into Airport Improvement Projects in US$ Million for the Period 2018-2022
- A Glance at New and Expansion Projects Scheduled for Conclusion in 2019 and 2020
- Upcoming Projects in Asia-Pacific
- Upcoming Projects in North America
- Upcoming Projects in Latin America
- Growth in Air Travel and Increasing Passenger Traffic Necessitates Investments into Passenger Screening Systems
- Demand Growth in Global Air Traffic Passenger Traffic for the Period 2006-2019
- Airport Full Body Scanners Market – Rising Security Concerns Drive Growth
- Baggage Screening Systems Market: An Overview
- Tote Screening System – An Advanced Baggage Handling System
- Millimeter Wave Technology-based Scanners to Facilitate Faster Screening at Airports
- Facial Scan Technology Grows in Prominence for Airport Passenger Screening
- Innovations & Advancements
- Improving Airport Screening through Innovative Technologies
- Artificial Intelligence and Video: Potential Role in Reducing Screening Delays at Airports
- Space Technology-based Full Body Scanners Promises to Accelerate Security Screening
- Physicists Develop New Technique to Improve Airport Screening
- TSA Conducts Trials for Biometric Facial Identification and Full Body Scanners in LA Airport
- Astrotech Develops Advanced Explosives Detector for Airport Security
- TSA Announces Plans to Add Machine Learning for Carry-on Baggage Scans
- Product Overview
- Airport Security
- Passenger Screening at Airports
- Passenger Screening Technologies
- Metal Detectors
- X-Ray Systems
- CT Scanners
- Full Body Scanners
- Explosive Trace Detectors
- Magneto Static Detectors
- Recent Industry Activity
- Clear Launches Biometric Scan Technology for Passengers at Louis Armstrong International Airport.
- Denver International Airport and TSA Unveil New Passenger Screening System.
- Unisys Corporation Wins New TSA Contract for Screening Equipment in U.S. Airports
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
IV. COMPETITION
V. CURATED RESEARCH
For more information about this report visit https://www.researchandmarkets.com/r/bshi8
Dublin | January 19, 2020–Avolon, the international aircraft leasing company, issued its 2020 outlook paper titled ‘Navigating Through Turbulence’. The paper, written by Avolon’s Jim Morrison and Steve Mason, reviews key aviation industry trends in 2019 and offers fearless forecasts for 2020.
The full paper is available at: https://www.avolon.aero/newsroom-and-thoughts
2020 ‘Fearless Forecasts’
- The 737 is Here to Stay: Boeing’s 737 MAX will safely return to revenue service in 2020. Airlines and passengers will turn up to fly. Trading markets will re-open and values will be supported by strong demand for Boeing’s most popular product. The world needs more Boeing aircraft to support growing demand for air travel.
- No New Major Commercial Aircraft Programs will be Launched: Manufacturers will return to their knitting: on-time deliveries. The A321XLR will compete uncontested as Boeing will not launch the NMA in 2020. Talk of single-aisle replacement aircraft will be quieted as regulators verify the strengths of the current offerings.
- Manufacturers to Prioritise Deliveries in 2020: The mid-life space may cool as manufacturers get back on-track with deliveries and passenger traffic remains near the long-term trend. Airlines may find themselves flying fewer hours per aircraft or pushing older metal out as new A320s and 737s are injected to the operating fleet.
- Access to Capital: Despite economic headwinds and increasing geopolitical unrest, capital markets will remain open to established players, confirming the benefit of an investment grade rating. The ABS market will see strong demand for issuances in 2020, continuing its 2019 pace.
- Environment as a Higher Purpose: Aviation gets serious about the environment with an increasing number of concrete proposals from a variety of players to meet the 2050 industry goal of a reduction in net aviation carbon emissions of 50% by 2050, relative to 2005 levels. In 2020, urban mobility solutions will demonstrate electrification of air travel is feasible, if at first only on short sectors.
Jim Morrison, Vice President – Aircraft Evaluation commented: “The end of the decade marks a period of remarkable achievement for the aviation industry with a full decade of airline profitability. However, 2019 will be remembered as much for the lows as the highs.”
“The year was headlined by aircraft manufacturers. The aviation industry grappled with the repercussions of the tragic B737 MAX accidents while Airbus struggled with aircraft delivery delays. During 2019, we saw more than 20 carriers fail but, despite this, global airlines’ net profit remained robust at an estimated US$26 billion. These failures underpinned our previous years’ assertion that, despite high load factors, there were too many cheap seats available. These airline failures resulted in a record number of aircraft being released to the market. Lessors were able to successfully re-market and re-deploy many of their aircraft, reflecting strong market appetite for aircraft transitions and air travel demand.”
Steve Mason, Senior Vice President – Commercial added: “Looking ahead to 2020, geopolitical uncertainty and international trade tensions will define the year. Through this turbulence will emerge opportunity. While improved airline profitability is forecasted, many sizeable carriers remain on life support. The still-buoyant global economy and the expanding middle class will continue to drive long-term passenger demand, supporting airline capacity growth. For lessors, investment grade rated players with global platforms are best positioned to seize any opportunities that may be presented. While efficiency improvements have long been a hallmark of aviation, 2020 is set to be the baseline year for the sector’s carbon emission offsetting and reduction scheme which will transition air travel to carbon neutral growth.”
Dublin | October 11, 2019–The “Airport Sleeping Pods – Market Analysis, Trends, and Forecasts” report has been added to ResearchAndMarkets.com’s offering.
Airport Sleeping Pods market worldwide is projected to grow by US$26.4 Million, driven by a compounded growth of 5.6%.
Airport Single-Occupancy Sleeping Pods, one of the segments analyzed and sized in this study, displays the potential to grow at over 5.8%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$52.3 Million by the year 2025, Airport Single-Occupancy Sleeping Pods will bring in healthy gains adding significant momentum to global growth.
Representing the developed world, the United States will maintain a 6.4% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$1.2 Million to the region’s size and clout in the next 5 to 6 years. Over US$1.2 Million worth of projected demand in the region will come from Rest of Europe markets.
In Japan, Airport Single-Occupancy Sleeping Pods will reach a market size of US$4.1 Million by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 5.5% over the next couple of years and add approximately US$4.6 Million in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders.
Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.
Competitors identified in this market include:
- GoSleep
- Minute Suites, LLC
- napcabs GmbH
- Snooze At My Space
- SnoozeCube
For more information about this report visit https://www.researchandmarkets.com/r/calzmo
- Providing tropical weather forecasting services with higher accuracy, reliability and granularity, to help governments and businesses make better operational decisions
Raleigh, NC | April 18, 2016– Panasonic Weather Solutions (Panasonic) today announced that its Tropical 4D weather forecasting service will be available for the start of the 2016 tropical season. Tropical 4D will provide partners with detailed tropical system forecasting information, including Panasonic’s proprietary tropical cyclone forecast tracks, for multiple regions around the globe.
Tropical 4D is powered by Panasonics Global 4D Weather, the industry-leading global weather prediction platform, which takes full advantage of Panasonic’s exclusive atmospheric datasets including TAMDAR.
“With Panasonic’s Global 4D Weather forecasting suite, which now includes Tropical 4D, we will continue to help our partners’ operations within governments and weather-sensitive industries such as: aviation, shipping, maritime, renewable and exploratory energy markets, insurance, and commodity trading,” said Don DeBlasio, Executive Director of Panasonic Weather Solutions. “
Tropical 4D is a forecasting service with numerous support capabilities:
- Detailed forecast information for each of the following tropical regions:
North Atlantic, Eastern North Pacific, Central North Pacific, Western North Pacific, Indian Ocean and Australia - 24-7 access to the Tropical section of the Panasonic 4D Weather Portal, including:
- Daily Tropical Outlook
- Tropical cyclone forecast tracks
- Panasonic’s proprietary tropical cyclone forecast tracks
- NHC forecast track
- Discussions which provide focus on the potential impact of tropical events
- Interactive weather mapping of global tropical regions
- Selection of numerous weather parameters vs. time
- Hourly graphics to 24 hours and 3 hourly graphics to 240 hours
- Tropical Forecasting & Alerting, Phone Support
- Tropical forecast information & alerting is also available via e-mail
- Telephone support with Panasonic’s team of expert meteorologists
Panasonic Weather Solutions continues reliable operation of the world’s most advanced global weather forecasting platform, Panasonic Global 4D Weather, which includes the following modeling capabilities:
- Panasonic-Enhanced Hybrid 4D-Ensemble-Var Global Weather Forecast System
- 13 kilometer horizontal resolution and numerous vertical levels
- 4 forecast cycles per day (00Z / 06Z / 12Z / 18Z) with 10 days duration
- 1-hour forecast increments through hour 24
- 3-hour forecast increments through hour 240
- 4D atmospheric data assimilation, including Panasonic’s renowned TAMDAR data
- Enhanced Tropical Cyclone relocation algorithm for improved tropical cyclone track forecasting
Panasonic Weather Solutions:
Panasonic Weather Solutions is the only private entity in the world with a custom-developed, end-to-end global weather-modeling platform. Recent weather events, such as Hurricane Joaquin, highlight the superiority of Panasonic Weather Solutions’ weather forecasting capabilities – from atmospheric data collection to high-performance numerical models that consistently run on an 11,000-core supercomputer named Sora. Panasonic is partnering with governments to enhance public safety, as well as leading corporations in multiple vertical markets to improve operational performance and become more environmentally friendly, with best-in-class weather forecasting.
- Providing weather forecasts with higher accuracy, reliability and granularity, to help governments and businesses make better operational decisions
Las Vegas, NV | January 6, 2016– Panasonic is pleased to announce that Panasonic Weather Solutions is now operating the world’s most advanced global weather forecasting platform, Panasonic Global 4D Weather. This innovative weather prediction capability, including an industry-leading global weather model, takes full advantage of Panasonic’s exclusive atmospheric datasets, which include the continuous feed of detailed tropospheric data in four-dimensions (longitude, latitude, altitude and time). It also employs cutting-edge data quality control and data assimilation.
Panasonic Weather Solutions is the only private entity in the world with a custom-developed, end-to-end global weather-modeling platform. “Inaccurate weather forecasts cost the global economy hundreds of billions of dollars annually,” said Don DeBlasio, Executive Director of Panasonic Weather Solutions. “With Panasonic’s Global 4D Weather forecasting suite, we strive to improve our partners’ operations within governments and weather-sensitive industries such as aviation, shipping, maritime, renewable and exploratory energy markets, and commodity trading.”
Across the globe, hundreds of commercial aircraft are collecting and reporting critical weather observations in real-time, using Panasonic’s patented atmospheric TAMDAR (Tropospheric Airborne Meteorological Data Reporting) sensors. The lightweight sensors measure humidity, temperature, wind, pressure, icing and turbulence, and the data is reliably transmitted via the Iridium global satellite system. TAMDAR-acquired atmospheric data and all of the other globally available datasets, including all satellite radiance data, are filtered through Panasonic’s sophisticated quality assurance and data assimilation processes to drive an array of sophisticated, high-resolution weather forecasting models, global and regional.
Recent weather events, such as Hurricane Joaquin, highlight the superiority of Panasonic Weather Solutions’ weather forecasting capabilities — from atmospheric data collection to high-performance numerical models that consistently run on an 11,000-core supercomputer named Sora.
Panasonic Global 4D Weather Platform – Technical Details
· Panasonic-Enhanced Hybrid 4D-Ensemble-Var Global Forecast System
· 13 kilometer horizontal resolution and 64 vertical levels
· 4 forecast cycles/day (00Z / 06Z / 12Z / 18Z) with a 10 day duration
o 1-hour forecast increments through hour 24
o 3-hour forecast increments through hour 240
· Includes full Panasonic TAMDAR data assimilation
· Enhanced Tropical Cyclone relocation algorithm for improved TC track forecasting
· Improved Gravity Wave Drag parameterization for greater stability and reproducibility
Panasonic Weather Solutions:
Panasonic is partnering with governments to enhance public safety, as well as leading corporations in multiple vertical markets to improve operational performance and become more environmentally friendly, with best-in-class weather forecasting.