Global Airport Retail Consumer Electronics Market 2020-2022 & 2030 with 2021 as the base year

DublinAnd the 29 July 2022 /PRNewswire/ – file “Airport Retail Consumer Electronics Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Major Players, Competitive Strategies and Forecast, 2022-2030” Report added to Show.

Research and Markets

Research and Markets

The global airport retail consumer electronics market is expected to grow at a CAGR of 8% during the forecast period 2022-2030.

This study report is an analysis of each sector from 2020 to 2030 taking 2021 as the base year. The estimated compound annual growth rate (CAGR) for each of the respective sectors for the forecast period 2022 to 2030.

As per the current state of the business, airport retail of consumer electronics makes up about 0.1 percent of the total global consumer electronics market. The consumer electronics market sold in airport retail outlets is expected to witness significant expansion.

ChinaAnd the IndiaAnd the United StateFocus was placed on building infrastructure to enhance operations at full capacity. The world’s most important economies are currently investing in infrastructure to pave the way for massive economic growth in the form of developing business centers, ports, and airports, among others.

The airport retail consumer electronics market is expected to witness significant development as a result of increased investment and increased customer demand for souvenirs, both of which are driven by big data technology. New opportunities for consumer branding and brand loyalty continue to emerge as a result of expanding globalization and an increase in the number of people who want to go to other countries.

Expanding air passenger traffic

The rate of expansion of consumer electronics sales in airport stores has been recorded at 6% over the past decade. The trend of moving from traditional airports to small city-like airports called aerotropolis is expected to generate high profits in the next decade. Retail consumer electronics at airports has direct application in areas designated for air travel.

Additionally, a survey conducted by Airports Council International found that there has been an approximately 8% to 10% increase in global air passenger traffic volumes over the past five years. This growth is expected to provide profitable opportunities for manufacturers. The above trends provide clear insights regarding the potential for this market to increase to more than four times its current market value over the next 10 years.

Aero City promises great opportunities during the forecast period

Pre-Security (Groundslide), Post-Security (Runway), and Air Cities are the three major store locations associated with the airport consumer electronics retail market. Air Cities are expected to provide the greatest opportunity in terms of absolute dollars over the 2022-2030 forecast period.

The current commuting pattern followed by the majority of high-traffic airports, such as Seoul Incheon, Singapore Changi, Dubai International, Shanghai Pudong and Beijing Capital, is a necessary factor for understanding the above insight. Revenues from air cities are expected to be larger with a revenue share of 45% in 2021. This compound annual growth rate in this market is expected to rise by 8.8% during the forecast period 2022-2030.

Asia Pacific and Europe contributed more than 75% of global revenue in 2021

The airports retail consumer electronics market is expected Asia Pacific It will witness significant growth in the coming years. The competitors in the market are looking forward to a strong expansion thanks to the increasing push of tourism as well as important tourist destinations such as ThailandAnd the IndonesiaAnd the Malaysiaamong other things.

In addition, the region is experiencing an increase in consumer demand, which can be attributed to increased levels of discretionary income. The expansion of the airport retail consumer electronics industry is expected to be driven by rising income levels as well as a growing demand for brand solutions. In addition, the airport retail consumer electronics market is expected to witness significant expansion in both North Amarica And the Europe.

A highly cohesive market in the face of intense competition

The airport retail consumer electronics market is expected to continue to be highly focused over the next several years as a result of the continuous expansion of the major market participants. Market participants operating in airport consumer electronics retail have, for the most part, chosen growth-oriented strategies.

Additionally, the most important thing on their priority list is maintaining their brand while making consistent improvements in the technical capabilities of the above technologies. These tactics help global players expand their geographic footprint and accumulate the highest possible market share, providing them with a technical advantage as a result.

Answer the key questions in this report

  • What are the key micro and macro environmental factors influencing the growth of the airport retail consumer electronics market?

  • What are the main investment pockets in terms of product segments and geographies currently and during the forecast period?

  • Estimated forecasts and market outlook to 2030.

  • Which sector represents the fastest compound annual growth rate during the forecast period?

  • Which market segment has the largest market share and why?

  • Are low- and middle-income economies investing in the airport retail consumer electronics market?

  • What is the largest regional market for airport retail consumer electronics?

  • What are the market trends and dynamics in emerging markets like Asia PacificAnd the Latin americaAnd the The Middle East & Africa?

  • What are the key trends driving the growth of the airport retail consumer electronics market?

  • Who are the major competitors and what are their key strategies to enhance their market presence in the global airport retail consumer electronics market?

The major players in this market include

Market segmentation

By Product Type (2020-2030; USD Million)

  • Electronic Devices

  • complements

  • Aharon

By airport size (2020-2030; US$ million)

By store location (2020-2030; US$1 million)

  • Pre-Security (Ground Side)

  • Post Security (Air Side)

  • Aero Cities

By Channel (2020-2030; $1 million)

  • Hypermarket / supermarket

  • Specialized Retail Store

  • Aharon

Region Sector (2020-2030; USD Million)

  • North Amarica

  • we

  • Canada

  • Europe and the United Kingdom

  • United kingdom

  • Germany

  • Spain

  • Italia

  • France

  • RoE

  • Asia Pacific

  • China

  • Japan

  • India

  • Australia

  • South Korea

  • Robak

  • Latin america

  • Brazil

  • Mexico

  • Rolatam

  • Africa

  • GCC

  • Africa

  • rum

Global Impact of the Covid-19 Fragment (2020-2021; USD Million)

  • Pre-Covid-19 condition

  • Post-Covid-19 situation

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