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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.

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.

High initial cost is one of the key challenges hampering growth of the market

High initial cost of charging stations is one of the factors negatively impacting growth of the market over the forecast period. Since, cost required for installations of these charging stations is very high, which proportionally increases cost of investment.

Based on application, the mobile phones segment is projected to be the leading segment in the airport charging stations market during the forecasted period

Increasing demand for mobile phones globally, is expected to support growth of the airport charging stations market. According to the International Telecommunication Union, it was estimated that 4.30 billion people used mobile phones globally, which represented 58.7% of the global population. Rising disposable income, increasing spending on media, entertainment and networking, and mobile applications are factors expected to lead to increasing demand for mobile phones. Owing to increasing usage of mobile phones, demand for charging stations is expected to increase. Therefore, increasing demand for mobile phones will help in fuelling growth of the market.

Global Airport Charging Station Market: Regional Insights

On basis of geography, the global airport charging stations market is segmented into North America, Europe, Asia Pacifica, Latin America, Middle East, and Africa. The market for Asia Pacific is expected to exhibit the highest CAGR during the forecast period. Increasing air passenger’s traffic is one of the major factors leading to growth of the airport charging station market in this particular region. For instance, according to the International Airport Transportation Administration (IATA) analysis, in 2016, the number of air passenger traffic increased in Asia Pacific region as compare to that in 2015. 

Global Airport Charging Stations Market: Competitive Insights

Key players operating in the airport charging stations market including Arconas Corporations, InFlight Peripherals Ltd., Veloxity One, LLC, JCDecaux Corporations, Kwik Boost, Inc. ETone Technology Ltd., ETone Technology, Evans Airport Solutions, Power Tower, Inc., and Winnsen Industry Co., Ltd.

Kay players in the market such as Arconas Corporations, Veloxity One, LLC, and JCDecaux are adopting new strategies such as partnership for installing charging stations in the airport, in order to enhance their market share. For instance, in 2014, JCDecaux entered into partnership with Verizon Wireless, in order to deploy mobile charging digital stations throughout the U.S. Airports mainly in the John F. Kennedy International Airport, Newark Liberty International Airport, Miami International Airport, and Los Angeles International Airport.

Global Airport Charging Stations Market: Taxonomy

By Product Type

  • Floor-standing Type
  • Embedded Type
  • Wall-mounted Type

By Applications

  • Mobile Phones
  • Laptop
  • Tablet
  • Cameras
  • Other

By Regions

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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