Smart Airport Market Size-Share Estimation, Regional Growth And Segmentation

Chetana Gardas

Nov 3, 2023 • 4 min read

Smart Airport Market overview

As per market research, the total global Smart Airport Market is expected to grow at a high rate. The report includes the growth drivers, major restraints, upcoming challenges and prevailing opportunities in the global Smart Airport market. The region-wise and segment-wise analysis of the dynamics and Smart Airport market size has been provided in the report.

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Smart Airport Market Value

Smart Airport Market was valued at US$ 5.39 Bn in 2022. The Smart Airport Market size is estimated to grow at a CAGR of 18.24 % over the forecast period.

Smart Airport Market Report Scope and Research Methodology

The research examines the most significant trends within the Smart Airport market and their potential impacts on new business investments and industry growth. Market trends influence various factors like new technologies, regulations, government investments, emerging applications, international market entry, and other industry dynamics. This study presents a comprehensive analysis of these trends to assist clients in formulating strategies to enhance their presence in the Smart Airport market.

Maximize Market Research delivers exclusive key statistics, facts, insights, trends, and a competitive landscape overview within this specialized field. The current state of the Smart Airport market is thoroughly analyzed, and projections are made up to 2029. The study is expected to encompass company profiles, covering aspects such as capacity, production, pricing, costs, revenue, and contact details for global leading Smart Airport market manufacturers.

Smart Airport Market Dynamics?

Modern airports employ a range of digital technologies, such as baggage tracking, self-service kiosks, and social media platforms like Twitter to disseminate flight information. Airports are increasingly implementing state-of-the-art technologies to enhance consumer experiences. Many airports want to improve the level of personalization of their current services by providing a range of technology-based solutions to their patrons. This is a result of the widespread usage of cellphones to research alternative travel schedules. Flight finding is a popular mobile application that is now available. Still, it is expected that most travel-related problems at airports would be resolved in large part by information updates on baggage and customer service.

Smart Airport Market Segmentation

With the largest compound annual growth rate (CAGR) over the projected period, the airport 2.0 segment is leading the market based on type. It is because there is a growing need for AI and Internet of Things (IoT) systems and technology, as well as for smart airports.

With the highest CAGR throughout the course of the projected period, the Airside sector is leading the market based on application. In recent years, the usage of smart apps for activities on the aircraft has increased significantly. By effectively integrating IoT, AI, and big data, airports can reduce wait times for passengers and effectively handle some of the most prevalent issues, such lost baggage, delayed flights, and customer service issues.

Large segment is leading the market with the highest CAGR during the projection period, based on airport size. Given the increase in air traffic, airports need to modernise and implement smart systems to facilitate effective airport operations. Medium airports are currently dominating the market because they are widely distributed throughout the world. These airports desperately need to add self-service check-in kiosks and baggage drop boxes to reduce delays and client wait times. The only clever solutions that can be introduced in small airports are self-service check-ins.

Operating sector non-aeronautical is leading the market with the highest compound annual growth rate (CAGR) over the projection period. Here, non-aeronautical revenues play a significant role. Despite the significant damage caused by COVID-19, this industry is still expanding.

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Smart Airport Market Key Players include:

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

Smart Airport Market Regional Insights

The report includes a detailed analysis of all the regions and their countries mentioned below:

Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
North America (the United States, Mexico, and Canada.)
South America (Brazil etc.)
The Middle East and Africa (GCC Countries and Egypt.)

Key Questions answered in the Smart Airport Market Report are:

What is Smart Airport?
What is the expected CAGR of the Smart Airport market during the forecast period?
What is the expected Smart Airport market size by 2029?
What factors are affecting the Smart Airport market growth?
Which region held the largest share of the global Smart Airport market?
What growth strategies are the players considering to increase their presence in Smart Airport?
Who are the leading players in Smart Airport Market?

Key Offerings:

A detailed Analysis of the Market Overview
Market Share, Size & Forecast by Revenue | 2023−2029
Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
Market Segmentation – A detailed analysis by Route of administration, Application, Facility of use and Region and Region
Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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