Global Smart Airport Market Overview And Prospects – Includes Smart Airport Market Segmentation
Learn about the global smart airport market through The Business Research Company, which provides information on smart airport market size, smart airport market drivers and restraints, smart airport market players, the COVID-19 impact on the smart airport market, and more.
The global smart airport market size is expected to grow from $6.18 billion in 2021 to $6.90 billion in 2022 at a compound annual growth rate (CAGR) of 11.53%. The global smart airports market size is expected to grow to $12.32 billion in 2026 at a CAGR of 15.61%.
Rising green initiatives by the aviation industry are contributing to the growth of the smart airport market.
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The smart airport market consists of sales of smart airports products and related services by entities (organizations, sole traders, and partnerships) that develop smart airports. Smart airports utilize advanced technologies such as intelligent building management, cyber security, GPS and sensor, Internet of Things (IoT), blockchain and Artificial Intelligence (AI).
Global Smart Airport Market Segments Include:
By Service: Smart Transport and Parking Services, Smart Retail, Hospitality and Entertainment Services, Smart Workplace Services, Smart Airport Processes, Smart Business to Business Services
By Infrastructure: Endpoint Devices, Communication Systems, Passenger, Cargo and Baggage Ground Handling Control, Air/Ground Traffic Control, Security Systems, Others
By Location: Landside, Airside, Terminal Side
By Application: Core Applications, Business Applications
By End-User: Implementation, Upgrades and Services
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the smart airport market in 2021.
Technological advances such as the use of Internet of Things (IoT) in aircraft parts and manufacturing procedures a key trend in the smart airport market. Companies across the globe have started implementing cloud-based platforms to develop a new aircraft, engine, system or component design. The cloud platform enables simplification in the design process by bringing the suppliers, systems integrators, software developers and other stakeholders within the design and manufacturing ecosystem together over a virtual platform.
Major Market Players: Amadeus IT Group SA, CISCO System Inc., Collins Aerospace, Daifuku Co. Ltd., Ascent Technologies, Honeywell International Inc., Huawei Technologies Co. Ltd., IBM Corporation, Indra Sistemas S.A., ITA, L3Harris Technologies Inc., Raytheon Company, RESA, Rockwell Collins Inc, Lufthansa Systems GmbH & Co. KG., Sabre Corporation, Siemens AG, SITA, Thales Group, T-Systems, Vision-Box, Wipro Limited, Zensors, Ascent Technology Inc., Adelte, Amadeus IT Group, Ansul, Cisco System, Deerns Airport System Consultants, FB Technology, Gentrack, and Huawei Investment & Holding Co. Ltd..
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Smart Airport Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides smart airport market overviews, analyzes and forecasts market size, share, smart airport market players, smart airport market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s smart airport market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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