Airport non-aeronautical revenue is income that is generated from activities and services at an airport that are not related to the operation of aircraft or the transport of passengers. These activities and services include retail, food and beverage, car parking, advertising, real estate, and other commercial activities.
Non-aeronautical revenue is an important source of income for airports, as it can account for up to 50% of total airport revenue. This revenue helps to offset the costs associated with running an airport, such as staffing, security, and infrastructure maintenance.
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Non-aeronautical revenue is generated through a variety of activities and services. Retail stores, restaurants, and other businesses located at the airport are a major source of revenue, as passengers have access to these services while waiting for their flights. Car parking is another major source of non-aeronautical revenue, as airports charge for both short-term and long-term parking. Advertising is also an important source of non-aeronautical revenue, as airports have the ability to sell ad space on billboards, digital signage, and other media. In addition, airports may also generate revenue from real estate activities, such as leasing land to airlines or other businesses.
Key Trends
Airport non-aeronautical revenue technology is a rapidly evolving field. As airports look to diversify their revenue sources, they are increasingly turning to non-aeronautical revenue streams. In order to capitalize on these opportunities, airports are investing in innovative technologies that can help them maximize their non-aeronautical revenue. The key trends in airport non-aeronautical revenue technology can be divided into four categories: digital transformation, customer experience, data analytics, and automation.
Digital transformation is one of the key trends in airport non-aeronautical revenue technology. Digital transformation involves the use of digital technologies to improve the efficiency and effectiveness of an organization’s operations. By leveraging digital technologies, airports can better manage their non-aeronautical operations, such as retail, food and beverage, and car rental services. Digital transformation can also help airports improve their customer service and loyalty programs, as well as provide better analytics and insights into customer behavior.
Customer experience is another important trend in airport non-aeronautical revenue technology. With the rise of digital technologies, airports have an unprecedented opportunity to improve their customer experience. By leveraging digital technologies, airports can provide personalized and interactive experiences to their customers. For example, airports can use digital kiosks and touchscreens to provide customers with information about airport services, such as restaurants, shops, and car rental services. Additionally, airports can use digital technologies to improve their loyalty programs and reward customers for their loyalty.
Key Drivers
Airport non-aeronautical revenue (ANR) is an important source of income for airports. It is generated from activities that are not related to the operation of aircraft, such as retail, car parking, advertising, and concessions. ANR is becoming increasingly important as airports look for ways to supplement their income in the face of rising costs and declining passenger numbers.
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The key drivers of airport non-aeronautical revenue market are:
- Increasing Air Travel: Air travel is increasing steadily in many parts of the world. This has created an opportunity for airports to increase their non-aeronautical revenue by providing services and amenities to travelers. For example, airports are offering more retail and food and beverage options to travelers, which can generate additional revenue.
- Expansion of Airport Infrastructure: With the growth of air travel, airports are investing in their infrastructure to accommodate the increased demand. This includes expanding terminal buildings, constructing new runways, and providing more facilities such as car rental, retail, and food outlets. These new facilities can generate additional revenue for airports.
- Expansion of Retail Offerings: Airports are expanding their retail offerings to meet the demands of travelers. This includes offering duty-free shops, souvenir shops, convenience stores, and other retail outlets. These outlets can generate additional revenue for airports.
Research Objectives
- Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region
- Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling
- Identify factors influencing market growth and challenges, opportunities, drivers and restraints
- Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates
- Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities
- Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market
- To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.
- Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives
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Market Segments
The airport non-aeronautical revenue market is segmented by retail and commercial activities, property rentals, technology & connectivity, and region. By retail & commercial, the market is divided into duty-free shops, retail stores, food & beverage, and specialty shops. By property rentals, the market is bifurcated into terminal space leasing, office space, parking facilities, and advertising space. By technology & connectivity, the market is bifurcated into Wi-Fi & internet access, charging stations, and mobile apps. By region, the market is classified into North America, Europe, Asia-Pacific, and the rest of the world.
Key Players
The global airport non-aeronautical revenue market report includes players like Fraport AG (Germany), AENA S.A. (Spain), Heathrow Airport Holdings Limited (United Kingdom), Paris Aéroport (France), Hong Kong International Airport (Hong Kong), Incheon International Airport Corporation (South Korea), Changi Airport Group (Singapore), Dubai Airports (United Arab Emirates), Los Angeles World Airports (LAWA) (United States), and Schiphol Group (Netherlands)
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Research Scope
- Scope – Highlights, Trends, Insights. Attractiveness, Forecast
- Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
- Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
- Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
- Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
- Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis.
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