Smart Airport Market was valued at US$ 2.22 Bn. in 2020 and is expected to reach US$ 6.7 Bn. by 2027, at a CAGR of 17.22% during a forecast period.
Smart Airport Market Overview:The airport is described as an area of any land or water used for taking off or landing any aircraft, as well as for airport buildings, services, and rights of way. A smart airport is one that employs linked technology such as GPS and sensors, as well as Internet of Things devices. They manage passenger flows and airport employee activities, perform digital planning and operation tasks, and provide support to operational workers across the airport. Passengers, communication systems, freight and baggage ground handling control, endpoint devices, security systems, and air traffic control are all part of a smart airport infrastructure. To know about the Research Methodology :- Request Free Sample Report The report has covered the market trends from 2016 to forecast the market through 2027. 2020 is considered a base year. Special attention is given to 2020 and effect of lockdown on the demand and supply, and also the impact of lockdown for next two years on the market. Some companies have done well in lockdown also and specific strategic analysis of those companies is done in the report.
COVID 19 Impact on Smart Airport Market:New technologies, on the other hand, have a favorable impact on the smart airport business. In comparison to past years, investments in the integration of technological advances such as touch less solutions, self-service check-in kiosks, and biometric kiosks have increased. People are fewer in airports due to the lockout and risk of spreading coronavirus, and it is simple to install and implement new modern technologies in airports. During the review time, travelers resumed to increase in airports once the lockdown was completed and corona instances were reduced, necessitating the use of advanced technologies such as electronics, control systems, IT, robotics, and others in smart airports for effective management at low cost. Furthermore, the growing demand for passenger experience in airports accelerates the smart airport's growth in the approaching years.
Smart Airport Market Dynamics:Increased demand for real-time data relieves the strain on airport infrastructure and people, which is expected to propel the industry forward. The development of commercial aviation, the establishment of new airports, the modernization of existing airports, the increase in green initiatives by airports, and the growth of smart airports are some of the main factors that propel the global smart airport market forward. Furthermore, airports all around the world are using smart baggage systems and on-site Internet of Things (IoT) apps to improve the consumer experience. The development of queue management systems, security checkpoints, the ability to estimate waiting times in arrival zones, taxi lanes, and passport management will allow passengers to move more pleasantly, boosting growth. Bangalore International Airport (BIAL) and Xovis cooperated in September 2020 to implement a Queue Management System at Kempe Gowda International Airport in Bengaluru, which minimizes wait times, regulates passenger flow, and improves operational efficiency. The smart wheelchair system, which will be adopted in the next years and is directed by vision-based technology, is likely to provide an opportunity to boost market growth. Roboto, a prototype robotic chef who cooks Laksa for passengers, and sophisticated new smart robotics for increasing employee productivity. The smart airport market's primary problems include developing environmentally friendly solutions for growing baggage management, passenger traffic management, and offering cost-effective services to travellers. Aside from that, frequent smart system failures and their repair necessitate a lot of resources, time, money, and expertise, impeding the market's growth. The building of airfields necessitates a considerable amount of money, and knowing client preferences is tough. These are the market's stumbling blocks. Furthermore, most countries' traditional airports require technology updates, which entails management challenges that stymie the global market.
Smart Airport Market segment analysis:Based on operation, the market is divided into two categories: aeronautical and non-aeronautical. Over the forecast period, the non-aeronautical segment is expected to be the fastest-growing. Because airports try to improve income per passenger and diversify their revenue streams away from aviation, increasing revenue per passenger with the lowest touch costs will result in a rise in market size. In the Smart Airport Market, the Aeronautical segment is likely to be the largest. Based on location, Airside, landside, and terminal side are the three segments of the market. Due to an increase in demand for the installation of Artificial Intelligence-based technology and advanced systems at terminal side airports, the Terminal side market is likely to be the fastest-growing category during the projection period. The airside airport is the second fastest growing segment of the market. It creates a significant amount of revenue and jobs, and in recent years, smart applications for airline operations have become more popular.
Smart Airport Market Regional Insight:The North America region held the largest market share of xx% in 2020. The introduction of RFID/NFC-based baggage tracking systems and smart security gates, as well as the growing demand for real-time information, unmanned immigration systems, real-time CCTV surveillance, on-demand self-service, user-specific offerings, and system-generated alerts, are all contributing to the rapid development of smart airports across the United States. Over the next eight years, Asia Pacific is expected to be the fastest-growing area. Artificial intelligence, robotics, and biometric-enabled bag drop facilities are all becoming more popular in the region, particularly in Japan and China. Southeast Asia is expected to grow in security, technology, infrastructure, and services by offering customers new creative airport solutions like automatic bag drop and self-service check-ins. The Middle East and Africa (MEA) area is expected to grow rapidly over the next several years, owing to increased passenger traffic and the development of airport modernization programmers at key airports. Passengers in the UAE's busiest airports have begun to use voice-based artificial intelligence tools and digital help to offer real-time information.
Recent Developments:• In January 2021, the two well-known companies SITA and Etihad Airways cooperated at Abu Dhabi Airport to build an innovative access and exit system based on biometrics for the Crew Briefing Center (CBC). This is a low-touch procedure that uses facial recognition technology to cut down on the time it takes to check the crew and limit the risk of COVID-19 spreading. • United Airlines, a major player, placed an additional 219 touch less check-in kiosks at numerous airports across the United States in June 2020. These additional kiosks were built as part of the Clean Plus initiative to meet the needs of travellers during the pandemic. These kiosks will scan passengers' phones or printed boarding cards and issue luggage tags and boarding permits to them instantly. • Lufthansa Group used Star Alliance Biometrics for airlines on a few flights at Frankfurt and Munich airports in November 2020. The objective of the report is to present a comprehensive analysis of the Smart Airport market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Smart Airport market dynamics, structure by analyzing the market segments and projects the Smart Airport market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Smart Airport market make the report investor’s guide.
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Smart Airport Market Report Coverage Details Base Year: 2020 Forecast Period: 2021-2027 Historical Data: 2016 to 2020 Market Size in 2020: US $ 2.22 Bn. Forecast Period 2021 to 2027 CAGR: 17.22 % Market Size in 2027: US $ 6.7 Bn. Segments Covered: by Operations • Aeronautical Operations • Non-Aeronautical Operations by Technology • Communication Systems • Endpoint Devices • Security Systems • Endpoint Devices • Data Storage by Location • Landside • Airside • Terminal Side
Smart Airport Market, by Region• North America • Europe • Asia Pacific • Middle East and Africa • South America
Smart Airport Market Key Players• Cisco Systems • Siemens AG • Honeywell International Inc. • Rockwell Collins Inc. • Amadeus IT Group SA • Sita • Mavenir • Thales Group • T-Systems • Collins Aerospace, • IBM Corporation • Huawei Technologies Co. Ltd. • Sabre Corp. • Amadeus IT Group SA • SITA • Thales Group • Indra Sistemas S.A. • NATS Limited • L3Harris Technologies, Inc. Frequently Asked Questions: 1. Which region has the largest share in Smart Airport Market? Ans: North America region holds the highest share in 2020. 2. What is the growth rate of Smart Airport Market? Ans: The Smart Airport Market is growing at a CAGR of 17.22 % during forecasting period 2021-2027. 3. What segments are covered in Smart Airport market? Ans: Smart Airport Market is segmented into operation, technology, location and region. 4. Who are the key players in Smart Airport market? Ans: The important key players in the Smart Airport Market are – Cisco Systems, Siemens AG, Honeywell International Inc., Rockwell Collins Inc., Amadeus IT Group SA, Sita, Mavenir, Thales Group, T-Systems, Collins Aerospace, IBM Corporation, Huawei Technologies Co. Ltd., Sabre Corp. 5. What is the study period of this market? Ans: The Smart Airport Market is studied from 2020 to 2027.
1. Global Smart Airport Market: Research Methodology 2. Global Smart Airport Market: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Smart Airport Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Smart Airport Market: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-19 Impact 4. Global Smart Airport Market Segmentation 4.1. Global Smart Airport Market, by Operation (2020-2027) • Aeronautical Operations • Non-Aeronautical Operations 4.2. Global Smart Airport Market, by Technology (2020-2027) • Communication Systems • Endpoint Devices • Security Systems • Endpoint Devices • Data Storage 4.3. Global Smart Airport Market, by Location (2020-2027) • Landside • Airside • Terminal Side 5. North America Smart Airport Market(2020-2027) 5.1. North America Smart Airport Market, by Operation (2020-2027) • Aeronautical Operations • Non-Aeronautical Operations 5.2. North America Smart Airport Market, by Technology (2020-2027) • Communication Systems • Endpoint Devices • Security Systems • Endpoint Devices • Data Storage 5.3. North America Smart Airport Market, by Location (2020-2027) • Landside • Airside • Terminal Side 5.4. North America Smart Airport Market, by Country (2020-2027) • United States • Canada • Mexico 6. European Smart Airport Market (2020-2027) 6.1. European Smart Airport Market, by Operation (2020-2027) 6.2. European Smart Airport Market, by Technology (2020-2027) 6.3. European Smart Airport Market, by Location (2020-2027) 6.4. European Smart Airport Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Smart Airport Market (2020-2027) 7.1. Asia Pacific Smart Airport Market, by Operation (2020-2027) 7.2. Asia Pacific Smart Airport Market, by Technology (2020-2027) 7.3. Asia Pacific Smart Airport Market, by Location (2020-2027) 7.4. Asia Pacific Smart Airport Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Smart Airport Market (2020-2027) 8.1. Middle East and Africa Smart Airport Market, by Operation (2020-2027) 8.2. Middle East and Africa Smart Airport Market, by Technology (2020-2027) 8.3. Middle East and Africa Smart Airport Market, by Location (2020-2027) 8.4. Middle East and Africa Smart Airport Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America Smart Airport Market (2020-2027) 9.1. Latin America Smart Airport Market, by Operation (2020-2027) 9.2. Latin America Smart Airport Market, by Technology (2020-2027) 9.3. Latin America Smart Airport Market, by Location (2020-2027) 9.4. Latin America Smart Airport Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. Cisco Systems 10.1.1. Financial Overview 10.1.2. Global Presence 10.1.3. Capacity Portfolio 10.1.4. Business Strategy 10.1.5. Recent Developments 10.2. Siemens AG 10.3. Honeywell International Inc. 10.4. Rockwell Collins Inc. 10.5. Amadeus IT Group SA 10.6. Sita 10.7. Mavenir 10.8. Thales Group 10.9. T-Systems 10.10. Collins Aerospace, 10.11. IBM Corporation 10.12. Huawei Technologies Co. Ltd. 10.13. Sabre Corp. 10.14. Amadeus IT Group SA 10.15. SITA 10.16. Thales Group 10.17. Indra Sistemas S.A. 10.18. NATS Limited 10.19. L3Harris Technologies, Inc.