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Smart Airports Market By Technology (Security System, Communication Systems, Air & Ground Traffic Control, Passenger, Other), By Terminal Side (Baggage Handling, Check-in Systems, Other Operations), By Landside (Advanced Vehicle Parking Solutions, Smart Marketing Techniques, Security), By Airside (Air Traffic Management, Aircraft Maintenance, Aircraft Parking), By Applications (Aeronautical Operations, Non-Aeronautical Operations) - Growth, Future Prospects And Competitive Analysis, 2019 - 2027

Rising Urbanization and Growing Number of Investments Has Increased the Demand for Smart Airports Market

Globally, the smart airport market is expected to grow with a CAGR of 11.50% during the forecast period from 2019 to 2027 and has registered a market value of US$ 13.20 Bn by 2018. The intelligent airport gathers various technologies with the help of the Internet of Things (IoT), with the objective of tactically differentiating an airport while offering an improved traveler experience and providing various benefits with efficiencies and new revenue streams.

The rising urbanization and infrastructure development across the globe are major factors driving the market's growth. Furthermore, an increasing number of modernized airports, the growing adoption of IoT, and artificial intelligence in airport management and security departments are driving the growth of the intelligent airports market. Additionally, the global government is investing heavily in developing smart airports to increase security and offer ease of service to passengers. 

Market Synopsis

Smart Airports with Check-in Systems in its Terminal Side Segment Continue Dominating the Market

In 2018, the Check-in Systems segment led the overall smart airports market contributing to more than 35.0% of the total market revenue, and is expected to grow with a significant CAGR during the forecast period. Being one of the most prominent aspects of airport functioning, the segment is set to retain its dominance over the forecast period. Furthermore, this segment is gaining more popularity due to the increasing number of air travelers and a decrease in airfares, which has increased the number of check-ins.

North America Dominates the Market by Region

The global smart airport market was led by North America, with a market share of more than 30.0% in 2018. The region is one of the earliest adopters of the technology, and increasing investments made by the government and private enterprises in the market for security concerns, ease of management, reducing manual work, and others are among the factors driving the market growth in the region. The US accounts for the largest market share in the region due to the development of new technology and the increasing utilization of various IoT devices in airports for communication purposes.

Some prominent players operating in smart airports are Honeywell International Inc., Cisco Systems Inc., Amadeus IT Group, Siemens AG, T-Systems International GmbH, Thales SA, SITA, Collins Aerospace, NATS Limited, Sabre Corp., IBM Corporation, and L-3 Security & Detection Systems Inc.

Historical & Forecast Period

This research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. In addition, compounded Annual Growth Rate (CAGR) for each respective segment was calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The intelligent airport market report provides market size and estimates based on market dynamics and key trends observed in the industry. In addition, the report provides a holistic view of the global smart airport market based on technology, landside, applications, airside, terminal sides, and geography.

Freuently Asked Questions:

The market for Smart Airports is expected to reach US$ XX by 2027.

The Smart Airports market is expected to see significant CAGR growth over the coming years, at 11.50%.

The report is forecasted from 2019-2027.

The base year of this report is 2021.

Honeywell international Inc., Cisco Systems Inc., Amadeus IT Group, Siemens AG, T-Systems international GmbH, Thales SA, SITA, Collins Aerospace, NATS Limited, Sabre Corp. are some of the major players in the global market.

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Executive Summary - Brief Global Market Size - Current & Forecast
Regional Market Size - North America
Country Market Size - US
Company Profile – 1
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Godaddy
Published Date:  Nov 2019
Category:  Technology & Media
Report ID:   60068
Report Format:   PDF
Pages:   120
Rating:    4.3 (69)
Delivery Time: 24 Hours to 48 Hours   
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