North America Airport Asset Tracking Market Growth Opportunities and Forecast by 2027

Historic Data: 2017-2018 | Base Year: 2019 | Forecast Period: 2020-2027

North America Airport Asset Tracking Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Offering (Hardware and Software), and Asset Type (Fixed Assets, Portable Assets, and Mobile Assets)

Report Date : Oct 2020
Report Code : TIPRE00015452

Category : Aerospace and Defense
Status : Published

Available Report Formats :
No. of Pages : 89

Page Updated: Mar 2025

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

The airport asset tracking market in North America is expected to grow from US$ 73.0 million in 2019 to US$ 158.1 million by 2027; it is estimated to grow at a CAGR of 10.7% from 2020 to 2027.

The US, Canada, and Mexico are major economies in North America. Acceptance of common platform by various asset tracking tasks is driving the North America airport asset tracking market in a positive way. The North America air traffic is likely to double in the next two decades, which would trigger new challenges in the management of the vast range of assets, including the unit load devices (ULDs); maintenance, repairs, and overhaul (MRO) spare parts; and tractors. In the aviation industry, asset tracking is essential for effective asset management. These assets are necessary at an airport at the time of every departure. Presently, most of these sets of assets are tracked either by stand-alone solutions such as ULD tracking, or they are tracked manually. Similarly, wheelchairs needed in an aircraft may be tracked either manually or via separate tracking solution. Many airports are in congested conditions due to complex slot sharing as well as swapping arrangements. Thus, planning, moving, tracking, and managing the assets through a unified solution can help airports, airlines, and service providers be more efficient. It is complicated to have a comprehensive view of all the vital assets required for each flight and evaluate if there is a possibility of risks to customer service or departure due to the unavailability of an asset. Also, automatic tracking helps in saving time and money, compared to a manual tracking process, along with assisting management to make better planning and decisions. Hence the use of common platform by various different asset tracking task is expected to create a significant demand for airport asset tracking in the coming years, which would ultimately drive the airport asset tracking market in North America.

Further, the ongoing COVID-19 is having a very devastating impact over the North America region. Presently, the US is the worst-affected country due to the COVID-19 outbreak. North America is one of the most important regions for the adoption and growth of new technologies owing to favorable government policies to boost innovation, the presence of a high-tech companies, and high purchasing power, especially in developed countries such as the US and Canada. The US is the worst-hit country in North America, with thousands of infected individuals facing severe health conditions across the country. The continuous growth of infected individuals had led the government to impose lockdown across the nation’s borders in last few months. The airport closure for regular passengers has led the airports to experience deflation in revenue. The adoption rate of technological adoption among US airports is decent, and owing to the closure of airports, the demand has shrunken to a drastic level. This is showcasing a negative effect on the airport asset tracking market. However, the impact of COVID-19 is short-term and is likely to decrease by 2022.

With the new features and technologies, vendors can attract new customers and expand their footprints in airport asset tracking market. This factor is likely to drive the North America airport asset tracking market. The North America airport asset tracking market is expected to grow at a good CAGR during the forecast period.

North America Airport Asset Tracking Market

This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

North America Airport Asset Tracking Market Segmentation

North America Airport Asset Tracking Market – By Offering

Hardware
Software

North America Airport Asset Tracking Market – By Asset Type

Fixed Assets
Portable Assets
Mobile Assets

North America Airport Asset Tracking Market, by Country

US
Canada
Mexico

North America Airport Asset Tracking Market - Companies Mentioned

Adveez
Asset Fusion Limited
Ctrack
Geotab Inc.
Radiant RFID, LLC
Steerpath Oy
Unilode Aviation Solutions

North America Airport Asset Tracking Report Scope

Report Attribute	Details
Market size in 2019	US$ 73.0 Million
Market Size by 2027	US$ 158.1 Million
Global CAGR (2020 - 2027)	10.7%
Historical Data	2017-2018
Forecast period	2020-2027
Segments Covered	By Offering Hardware and Software By Asset Type Fixed Assets Portable Assets Mobile Assets
Regions and Countries Covered	North America US Canada Mexico
Market leaders and key company profiles	Adveez Asset Fusion Limited Ctrack Geotab Inc. Radiant RFID, LLC Steerpath Oy Unilode Aviation Solutions

Research Manager

Naveen Chittaragi

Associate Vice President,
Market Research & Consulting

Naveen is an experienced market research and consulting professional with over 9 years of expertise across custom, syndicated, and consulting projects. Currently serving as Associate Vice President, he has successfully managed stakeholders across the project value chain and has authored over 100 research reports and 30+ consulting assignments. His work spans across industrial and government projects, contributing significantly to client success and data-driven decision-making.

Naveen holds an Engineering degree in Electronics & Communication from VTU, Karnataka, and an MBA in Marketing & Operations from Manipal University. He has been an active IEEE member for 9 years, participating in conferences, technical symposiums, and volunteering at both section and regional levels. Prior to his current role, he worked as an Associate Strategic Consultant at IndustryARC and as an Industrial Server Consultant at Hewlett Packard (HP Global).

What are the North America Airport Asset Tracking Market report deliverables?

Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
PEST and SWOT Analysis
Market Size Value / Volume - Global, Regional, Country
Industry and Competitive Landscape
Excel Dataset

North America Airport Asset Tracking Market Report Snapshots

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