Smart Airports Market – Key players, Overview and Industry Growth by 2024

Global Smart Airports Market: Overview

Neither can a smart city exist without a smart airport nor can a smart airport exist without a smart city. The smart airport in the future will exploit the newly advanced technologies such as mobile applications, gamification, sensors, behavioral analytics, and processors. The automatic self-luggage check-in means the luggage will move from local agents such as check-in or Starbucks to get tagged and then boarded a plane. This whole process is tracked and monitored using a tracking app. The tracking apps will be connected to smart travel reunion arrangement apps. Thus, the new advancement in the airports will require no security at check-in or check-out.

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Global Smart Airports Market: Growth Factors

Increasing globalization is one of the major factors that influence the aviation industry. The smart airport concept has been developed due to the transformation in the airport industry infrastructure and operation. The rising air passenger traffic and also the increasing demand for air travel boost the global smart airport market. The airport nowadays is service providers rather than infrastructure providers. The escalating demand for automated and self-service operations has led to the development of the global smart airport market. The various factors including environmental, economic, and technological needs influence the global market growth around the world. The high investments in R&D sector along with the information for requirement analysis help the global smart airports market move at a steady pace. The misplacement of passenger baggage in the terminal-side operations creates a serious problem for the traditional barcode systems. Hence, the demand for the advanced baggage handling solutions such as RFID tags is expected to boost the global smart airport market.

Global Smart Airports Market: Segmentation

The global smart airports market is bifurcated based on application, technology, and geography. The application segment is further bifurcated into terminal-side, airside and landside operations. The technology segment is categorized into air-ground traffic control and management, security services, communication systems, passenger baggage and cargo services and other technologies. The geographical segmentation of the global smart airports market includes Europe, Asia-Pacific, North America, Latin America, the Middle East and Africa, and Rest of the World.

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Global Smart Airports Market: Regional Analysis

The United States in the North American region is the biggest market for the global smart airports market. The emerging countries such as India, China, and France are regions expected to influence the global smart airport market growth. The highest growth is expected in China out of all these regions. The emerging regions such as the Middle Eastern and Asia Pacific may also witness significant growth in the global smart airports market.

Global Smart Airports Market: Competitive Players

The key market participants in the global smart airports market include Amadeus IT Group SA, Honeywell International, Inc., IBM Corporation, Siemens AG, Vision-Box, Raytheon Company, CISCO System, Inc., SITA, Thales Group, and QinetiQ Group PLC. The other major industry players include Selex ES, Indra, and QinetiQ.

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