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According to a new market research study on Europe Airport Asset Tracking Market to 2027 - COVID-19 Impact and Regional Analysis and Forecast by Offering and Asset Type is expected to reach US$233.7 million by 2027 from US$88.5 million in 2019. The market is estimated to grow at a CAGR of 13.5% from 2020 to 2027. The report provides trends prevailing in the Europe airport asset tracking market along with the drivers and restraints pertaining to the market growth. Mounting air traffic due to increase in airports tally is the major factor driving the growth of the Europe airport asset tracking market. However, issues associated with developed countries depriving airport investments hinders the growth of Europe airport asset tracking market.
Hardware Segment to Dominate North America Airport Asset Tracking Market during 2019-2027.
The market is expected to reach US$158.1 million by 2027 from US$73.0 million in 2019. The market is estimated to grow at a CAGR of 10.7% from 2020 to 2027.
The report provides trends prevailing in the North America airport asset tracking market along with the drivers and restraints pertaining to the market growth. Acceptance of common platform by various asset tracking tasks is the major factor driving the growth of the North America airport asset tracking market. However, issues associated with developed countries witnessing low investments on airports hinders the growth of North America airport asset tracking market.