Smart Airport Market Share, Growth Opportunities, and Emerging Technologies | 2029

Smart Airport Market Expected to Reach USD 17.42 Billion by 2029, with 18.24 % CAGR

Smart Airport Market Report Scope and Research Methodology

Scope of the Report:

This report offers a comprehensive examination of the Smart Airport Market, encompassing data from market participants across various regions, including North America, Asia Pacific, Europe, the Middle East & Africa, and South America. Through this report, market dynamics, such as drivers, constraints, opportunities, and challenges, are meticulously scrutinized to provide an extensive insight into the contemporary competitive landscape of the Smart Airport Market.

Research Methodology:

Our report employs a rigorous research methodology to provide the most up-to-date and precise information about the global Smart Airport Market. The study encompasses data analysis for the historical period spanning from 2018 to 2022, using facts, figures, illustrations, and visual representations to deliver a comprehensive overview.

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What are Smart Airport Market Dynamics?

Market Drivers:

Digital Technology Adoption: Smart airports are increasingly integrating digital technologies such as self-service kiosks, baggage tracking, and real-time flight information sharing through platforms like Twitter. These technologies enhance the overall passenger experience and are pivotal in personalizing services to meet customer preferences.

Personalized Passenger Experience: Many airports are leveraging technology to offer personalized services, including real-time updates on baggage and customer service solutions. Leveraging smartphones for real-time information updates is playing a significant role in resolving common travel-related issues at airports.

Internet of Things (IoT): IoT is driving market growth by enabling applications like automatic check-in, facilities management, luggage tracking, and aircraft booking management. It enhances airport security, offers real-time information, and reduces the workload of airport staff and operators.

Renewable Energy: The aviation industry is turning to smart technologies to reduce its carbon footprint by using renewable energy sources, which is critical to combat the environmental impact of aviation activities.

Smart Airport Market Segmentation?

Airport 2.0 Segment: This segment leads the market with the highest Compound Annual Growth Rate (CAGR) during the forecast period. It is characterized by the growing demand for smart airports, AI, and IoT systems and equipment.

Airside Segment: Within the application segment, the Airside category dominates with the highest CAGR. The integration of IoT, AI, and big data has the potential to significantly reduce passenger wait times, address common issues like lost baggage, flight delays, and enhance customer service.

Large Airport Segment: The Large Airport segment leads the airport size category, primarily due to the need for modernization and the adoption of smart systems to support efficient airport operations in response to rising air traffic.

Non-Aeronautical Segment: In terms of operations, the Non-aeronautical segment is the leader with the highest CAGR. While this sector faced challenges during the COVID-19 pandemic, it is now experiencing growth.

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Who are Smart Airport Market Key Players?

1. Ascent Technology, Inc.
2. Cisco Systems Inc.
3. Honeywell International Inc.
4. Huawei Investment & Holding Co., Ltd.
5. Indra Sistemas, S.A.
6. L3Harris Technologies Inc.
7. Raytheon Technologies Corporation
8. SITA
9. Thales Group
10. Collins Aerospace
11. IBM Corporation
12. Sabre Corp.
13. Amadeus IT Group SA
14. Siemens AG

Table of content for the Smart Airport Market includes:

Part 01: Executive Summary

Part 02: Scope of the Smart Airport Market Report

Part 03: Global Smart Airport Market Landscape

Part 04: Global Smart Airport Market Sizing

Part 05: Global Smart Airport Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Insights:

North America: The North American region dominates the market and is expected to witness significant growth with a CAGR throughout the forecast period. The presence of major smart solution providers, such as Collins Aerospace, IBM Corporation, and Honeywell International Inc., contributes to the market's growth. IoT, AI, and AR/VR deployments are poised to enhance airport operations and offer transparency.

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