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 industry, including smart airport market statistics. The report also covers competitor and regional analysis and the latest advancements in the global market.
The global smart airport market size reached US$ 33.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 77.0 Billion by 2032, exhibiting a growth rate (CAGR) of 9.3% during 2024-2032.
Global Smart Airport Market Overview:
A smart airport integrates advanced technologies to enhance efficiency, safety, and passenger experience throughout various airport operations. Manufactured through a combination of infrastructure upgrades and digital solutions, smart airports leverage innovations like IoT sensors, AI-driven analytics, biometrics, and automation. They encompass diverse aspects such as passenger flow management, baggage handling, security screening, and environmental sustainability. The importance of smart airports lies in optimizing resource utilization, reducing congestion, enhancing security, and providing seamless passenger journeys. Benefits include streamlined operations, shorter wait times, improved safety, and reduced environmental impact. Smart airports find uses in various scenarios, from managing increasing passenger volumes to adapting to evolving security requirements, ultimately revolutionizing the aviation industry with their innovative solutions.
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Global Smart Airport Market Trends:
The global market is primarily driven by the growing demand for enhanced airport infrastructure and operational efficiency to accommodate the increasing air travel demand worldwide. This demand is further fueled by the rise of urbanization, globalization, and the expansion of the aviation industry. Additionally, the growing need for improved passenger experience and satisfaction has become a significant focus for airport operators, leading to investments in smart technologies that enhance convenience and accessibility for travelers is expanding the market growth. Moreover, the growing emergence of smart cities and the Internet of Things (IoT) ecosystem has spurred the adoption of connected technologies in airport management, facilitating data-driven decision-making and predictive analytics for better resource allocation and operational planning is fueling market demand. Furthermore, the rising focus on sustainability has emerged as a critical trend, driving the implementation of eco-friendly solutions in airport design, energy management, and waste reduction, aligning with global efforts to combat climate change and promote environmental stewardship is creating a positive market outlook.
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
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
Market Outlook
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
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.
Who we are:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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