Global Airport Technologies Market
Information Technology

Global Airport Technologies Market Analysis: Size, Drivers, Trends, Opportunities And Strategies

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

 

 

The airport technologies market has witnessed robust growth in recent years, reflecting a surge from $13.02 billion in 2023 to $13.74 billion in 2024, with a compound annual growth rate (CAGR) of 5.5%. This momentum is expected to persist, reaching $16.71 billion in 2028, driven by factors such as the evolution of smart airports, biometrics, automation, and a focus on sustainability.

 

 

Addressing Rising Concerns:

The airport technologies sector plays a crucial role in addressing global challenges, with a particular focus on curbing illegal immigration.

  • Illegal Immigration Surge: The European Commission reported a 66% increase in irregular border crossings in Europe, reaching 331,400 in 2022. This rise has prompted the adoption of advanced airport technologies to enhance security measures.
  • Facial Recognition Technology: Airports are increasingly deploying facial recognition technology, resulting in numerous arrests for illegal immigration. Technologies like Mobile Passport Control (MPC) and RFID-based tracking solutions are also being employed to streamline immigration processes.

 

 

Industry Leaders and Market Dynamics:

Major companies are pivotal in shaping the airport technologies market, introducing cutting-edge solutions and innovative approaches.

  • Key Market Players: Thales ATM S.A., Honeywell Airport Solutions Inc., Siemens Airports LLC, and Cisco Systems Inc. are among the major companies driving advancements in airport technologies.
  • Strategic Deployments: Mobile Passport Control (MPC) technology, approved by the U.S. Customs and Border Protection, exemplifies the strategic deployment of technology to expedite entry for U.S. citizens and Canadian visitors.

 

 

Read The Full Airport Technologies Market Report Here:

https://www.thebusinessresearchcompany.com/report/airport-technologies-global-market-report

 

 

 

Cutting-Edge Aviation Solutions:

Technological innovation is at the forefront, with major companies introducing advanced software to optimize airport operations.

  • NAVITAS Software Suite: Honeywell International, Inc. launched the NAVITAS software suite, leveraging artificial intelligence, machine learning, cybersecurity, and big data technologies. This suite enhances airport operations by optimizing ground movement, air traffic management, and specialized systems like tower management and turnaround management.
  • Competitive Advantage: Major players such as Raytheon Technologies Corporation, Hitachi Ltd., and Bosch Security Systems Inc. continue to invest in cutting-edge solutions to gain a competitive advantage in the market.

 

 

Market Segmentation:

Understanding the intricacies of the airport technologies market requires a comprehensive look at its segmentation, encompassing various types, airport sizes, and applications.

  • By Type: Airport Digital Signage Systems, Car Parking Systems, Airport Communications, Landing Aids, Guidance and Lighting, Passenger, Baggage and Cargo Handling Control Systems, Airport Management Software
  • By Airport Size: Small, Medium, Large
  • By Application: Domestic Airport, International Airport

 

 

Regional Dominance and Growth:

The Asia-Pacific region emerges as a key player, being the largest region in the airport technologies market in 2023 and poised to maintain its position during the forecast period.

  • Asia-Pacific Leadership: Driven by economic growth and increasing air travel demands, the Asia-Pacific region is anticipated to be the fastest-growing in the airport technologies market.

 

 

 

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The Airport Technologies Global Market Report 2024 provides an overviewof the airport technologies market for the time series: historic years (2010 -2021) and ten years forecast (2023 – 2032).The airport technologies market forecast analyzesairport technologiesmarket size, airport technologies market share,leading competitor and their market positions.

 

 

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