Global Aviation Retail Market Report 2021: Opportunities in AI Solutions for Predicting Consumer Buying Behavior & Contactless Payment for Improving the Passenger Engagement Experience

News provided by

Dec 07, 2021, 05:32 ET

DUBLIN, Dec. 7, 2021 /PRNewswire/ -- The "Global Aviation Retail Growth Opportunities" report has been added to ResearchAndMarkets.com's offering.

This study analyses the impact of new technologies on aviation retail, identifies the new business models being adopted in the segment, and examines trends like privatization and the aerotropolis in detail. Moreover, it covers the latest technological trends prevalent in the adjacent markets and analyzes their feasibility for the aviation retail segment.

Revenue from retail and related activities forms the majority share of non-aeronautical revenue for both airports and airlines. There are significant differences in the retail environment of airports and airlines. However, some common trends, like new technology implementation and new business models, can be seen across both segments.

The COVID-19 pandemic has accelerated the usage of new technologies in almost all markets. Retailers outside the aviation ecosystem were already using technologies like the Internet of Things (IoT), Big Data, and location-based services. This study examines how their use in the aviation ecosystem is also gaining prominence. Retail outlets operating out of airports are expected to adopt solutions based on these technologies in the near future.

The eCommerce business model has been successfully implemented in the retail sector. Omnichannel retailing, in particular, has proved to be an ideal model for the airport setting. Omnichannel retailing requires stakeholders to form collaborative relationships, which is common among airports and retailers. For customers, this model offers unparalleled personalization. Some airports in the Asia-Pacific and Europe have already utilized this model and achieved great success.

Certain external factors have also influenced the retail ecosystem at airports. A region-wise breakdown of the impact of these factors has been provided in this study.

Key Topics Covered:

Strategic Imperatives

Why is it Increasingly Difficult to Grow?
The Strategic Imperative
The Impact of the Top 3 Strategic Imperatives on the Aviation Retail Industry
Growth Opportunities Fuel the Growth Pipeline Engine

Growth Opportunity Analysis

Growth Drivers for the Aviation Retail Market
Growth Driver Analysis for Aviation Retail
Growth Restraints for the Aviation Retail Market
Growth Restraints Analysis for Aviation Retail

Aviation Retail Market

Components of Aviation Retail
Future of Aviation Retail - Key Factors for Growth
Airport Privatisation
The Aerotropolis Concept
Regional Analysis of Privatization and Aerotropolis Strategies and Their Influence on Aviation Retail
Adjacent Industry Trends and Their Feasibility in Aviation Retail
Omnichannel Retailing
Omnichannel Retailing- Digital Platforms
Technological Advancements in Aviation Retail and Future Prospects

Growth Opportunity Universe

Growth Opportunity 1: Automated Retail for Faster Retail Interaction at Airports, 2021
Growth Opportunity 2: Contactless Payment for Improving the Passenger Engagement Experience with Retail Outlets, 2021
Growth Opportunity 3: AI Solutions for Predicting Consumer Buying Behavior, 2021

For more information about this report visit https://www.researchandmarkets.com/r/5991tf

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

SOURCE Research and Markets