Smart Airports Market Size, Global Forecast to 2027

 

Smart Airports Market

The Smart Airports Market is estimated to expand at a robust CAGR over the forecast period (2020-2027).

The factors driving the growth of Smart Airports Market includes increasing air passenger traffic, rapid growth in the aviation sector, emerging demand for improving the customer services and overall security of the airport and establishment of smart parking facilities in the airports. According to the report published by Finances Online, the total number of flights booked worldwide have significantly increased from 16.4 million in 2020 to 22.2 million in 2021, which is expected to boost the Smart Airports Market size in the approaching years. Moreover, the adoption of advanced technologies such as Artificial Intelligence (AI), cloud computing, Internet of Things (IoT) and Machine Learning, increasing use of biometrics in the airports and rising investments by government for upgrading the airport infrastructure, are some of the additional factors supplementing the market growth. As per Money Control, the Airport Authority of India is going to spend around INR 25,000 crore for constructing new terminals, improving the Airport Navigation Services (ANS) infrastructure and expanding the existing runway, which will further boost the market growth in Inida.

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However, the growth of Smart Airports Market is hindered due to insufficient availability of skilled workforce.

The major players operating in the market are Zensors, Wipro Limited, IBM Corporation, Collins Aerospace, Ascent Technologies, Thales Group, T-Systems, Honeywell International Inc., Siemens AG, and Daifuku Co., Ltd., among others.

Application:  Segment analysis

Based on Application, the airside segment is predicted to expand at a remarkable CAGR during the forecast period attributed to growing demand for services such as geolocation and in-wallet scanning.

Airport Size: Segment Analysis

Based on Airport Size, the medium segment estimated to grow at a significant CAGR over the forecast period. The rise in the air passenger traffic across the globe and growing adoption of smart systems in the medium sized airports which will helps in reducing the time, are some of the key factors augmenting the growth of the segment.

Regional: Segment Analysis

Based on region, the North American region is projected to capture the largest market share during the forecast period. The modernization of the airport infrastructure, presence of the leading manufacturers, adoption of advanced technologies, high per capita incomes and improved living standards, are some of the factors influencing the market growth in North America.

Market Segmentation

Segmentation by System

  • Data Storage
    • On-Premise
    • Cloud
  • Communication & Network Systems
    • Near Field Communication, RFID, Bluetooth
    • Wireless
    • Lpwan & Wlan
  • Endpoint Devices
    • Tags
    • Sensors
    • Cameras
    • Displays
    • Wearables
  • Software & Solutions
    • Software & Applications
    • Platforms
    • Data Analytics
    • Managed Services

Segmentation by Application

  • Terminal Side
    • Cargo & Baggage Handling
    • Passenger Screening
    • Digital Video Surveillance & management (DVM)
    • Passenger Experience
    • Payment & Tokenization
    • Building Management
    • Staff & Crew Management
  • Landside
    • Intelligent Advertising
    • Car Rental & Mass Transit
    • Vehicular Parking
  • Airside
    • Aircraft Maintenance
    • Air Traffic Management
    • Ground Support Equipment Management
    • Aircraft Turnaround Management
    • E-Fence
    • Advanced Visual Docking Guidance System (A-VDGS)
    • Noise Monitoring

Segmentation by Airport Size

  • Small
  • Medium
  • Large

Segmentation by End Market

  • Implementation
  • Upgrades & Services

Segmentation by Type

  • Airport 2.0
  • Airport 3.0
  • Airport 4.0

Segmentation by Operation

  • Aeronautical
  • Non-Aeronautical

Segmentation by Region

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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