Airport Charging Stations MarketSize and Trends

An airport charging station is used for charging batteries of the portable devices such as mobile phone, computer, cameras, and many more. Low battery life of portable devices is one of the major driving factors for growth of the market. Increasing usage of internet for running apps on mobile devices, performing various business-related activities such as emails, calls, sharing of data over the portable, which require long battery life. This charging station allows user to charge their devices, in order to avoid interruption while performing any activities on it. Thus, placing charging station in the airport will help user to solve the problem of low battery, which in turn helps in propelling growth of the market.

Market Trends

Increasing demand for new airport construction and modernization of the existing airport are factors driving growth of the market

Increasing air passenger traffic is expected to be one of the major factors leading to high demand for new airport construction. For instance, according to the IATA (International Air Transport Administration) analysis, the air passenger traffic has increased by 7.6% in 2017 as compare to 2016, globally. Therefore, increasing air passenger traffic will positively affect demand for new airport construction, in order to meet this high air passenger traffic. Additionally, government initiative for modernizing the existing airport, which in turn is expected to lead to growth of the airport charging stations market during the forecast period. Increasing international air passenger traffic has forced government agencies around the world to make substantial investments in expanding the transportation networks so as to meet the high volume of visitors, which in turn requires construction of new airports. For instance, according to the CAPA (Centre for Aviation) in 2015, the U.S. government invested US$100 billion for the construction of 400 new airports in the U.S. Therefore, increasing financial support by government agencies, in turn is expected to help in propelling growth of the airport charging stations market.