The latest report by IMARC Group, titled “Smart Airport Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032,” provides an extensive analysis of the smart airport market growth. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.
The global smart airport market size reached USD 33.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 77.0 Billion by 2032, exhibiting a growth rate (CAGR) of 9.3% during 2024-2032.
Global Smart Airport Market Trends:
The global market is primarily driven by the increasing adoption of advanced technologies such as artificial intelligence and the Internet of Things (IoT). Moreover, rising air traffic has compelled airports to focus on infrastructure improvements, leading to greater demand for smart solutions. Furthermore, the growing need for seamless and automated services to streamline airport operations is encouraging the integration of smart technologies. Additionally, the emphasis on enhanced security measures is prompting the deployment of biometric systems and advanced surveillance technologies.
Besides, the increased demand for sustainability and energy efficiency is driving the implementation of smart energy management systems at airports. The rise of contactless services, accelerated by the COVID-19 pandemic, has also fueled the demand for digital check-in and boarding solutions. Moreover, the trend of airport privatization and public-private partnerships is pushing for the adoption of smart airport technologies to enhance competitiveness. Furthermore, increased government initiatives promoting smart city development are creating a favorable environment for the growth of smart airports.
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Global Smart Airport Market Scope & Growth Analysis:
The scope of the market is expanding due to the emphasis on passenger-centric experiences, where airports use real-time data and advanced analytics to offer personalized services. The expansion of 5G technology further enhances connectivity, enabling faster communication between airport systems and improving overall efficiency. Additionally, the integration of digital twin technology allows airports to simulate scenarios and optimize operations in real-time.
Another factor contributing to the market scope is the growth of the aviation industry in emerging markets, where new airport infrastructure is being built with smart capabilities from the outset. Furthermore, the push toward sustainability in the aviation sector is driving airports to adopt smart energy management, reducing carbon footprints. The ongoing shift towards fully automated airport processes, from check-in to baggage handling, is shaping the future of airport operations. The demand for smart solutions to enhance passenger safety, operational efficiency, and environmental sustainability will continue to propel the market’s expansion in the coming years.
Key Players in the Smart Airport Industry:
The competitive landscape of the industry has also been examined along with the profiles of the key players being:
- Amadeus IT Group SA
- Ascent Technology Inc.
- Cisco Systems Inc.
- Collins Aerospace (Raytheon Technologies Corporation)
- Honeywell International Inc.
- Huawei Technologies Co. Ltd.
- Indra Sistemas S.A.
- International Business Machines Corporation
- Sabre Corp.
- Siemens AG
- T-Systems International GmbH
- Wipro Limited
Key Market Segmentation:
Breakup by Type:
- Airport 2.0
- Airport 3.0
- Airport 4.0
Breakup by Size:
- Large
- Medium
- Small
According to the report, large accounts for the largest market share.
Breakup by System:
- Wearables
- LPWAN and WLAN
- Tags and Sensors
- Platforms
- NFC, RFID and Bluetooth
- Wireless
- Others
Breakup by Operation:
- Aeronautical
- Non-Aeronautical
Breakup by End Market:
- Implementation
- Upgrade and Services
Breakup by Application:
- Airside
- Air Traffic Maintenance
- Aircraft Maintenance
- Passenger Screening and Experience
- Digital Video Surveillance and Management
- Building Management
- Intelligent Advertising
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- Historical, Current and Future Market Trends
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Why Choose IMARC Research Report:
- Strong Market Research Expertise
- Targeted Marketing Strategies
- Innovative Solutions
- Comprehensive Analysis
- Accuracy and Reliability
- Provides Insightful Forecasts
- Available Customization Options
- Strong Customer Service
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services.
IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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