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Smart Airport Market Projected at a Highest Growth of USD 25.1 billion with Top Players | Honeywell International, Inc, Huawei Technologies Co., Ltd, IBM Corporation and Forecast to 2031
Smart Airport Market
Global Smart Airport Market is projected to reach $25.1 billion at a CAGR of 12.0% to the Forecast 2031.
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Smart airports are integrating AI to enhance operational efficiency and passenger satisfaction. AI serves as a virtual assistant for airports, aiding in tasks like predicting flight delays, automating check-in and security procedures, and offering customer service through chatbots. This streamlines the airport experience for travelers, resulting in greater convenience. Airport operators are embracing AI through collaborations with leading AI firms.
Passengers increasingly demand real-time information to enhance their travel experience, emphasizing the necessity for smart airports to deploy infrastructure that facilitates the provision of such information. This entails establishing customer touchpoints to enable easy access to real-time updates on a passenger's journey progress. Additionally, these touchpoints serve as channels for rapid information sharing across the entire airport value chain, enhancing the efficiency and effectiveness of every entity within the system.
Top Key Competitors of Smart Airport Market:
Cisco Systems Inc,
Honeywell International Inc,
Huawei Technologies Co. Ltd,
IBM Corporation,
Raytheon Technologies Corporation,
Siemens AG,
SITA,
Smart Airport Systems (SAS),
Thales,
T-Systems International GmbH and Others.
Recent Developments:
In June 2022, Raytheon Technologies Corporation-Collins Aerospace unveiled AirPlan, a comprehensive airport resource management application. AirPlan allows airports to efficiently oversee all resources, including gates, check-in counters, and luggage belts, through a single user-friendly interface accessible on any computer or mobile device connected to their network. This streamlines operations, enabling airports to optimize personnel allocation, ground employee deployment, and passenger check-in processes, ultimately enhancing operational efficiency and customer satisfaction.
In the same month, Thales Group introduced HELIXVIEW, an innovative Cabin Baggage Explosive Detection System (EDS CB) that eliminates the need for passengers to remove items from their bags during security screening. HELIXVIEW, compliant with the next EDS CB standard, combines electronic scanning with X-ray nanotechnology and 3D image reconstruction, leveraging Thales' expertise in Artificial Intelligence (AI) and Cybersecurity. This intelligent and cost-effective airport solution enhances security while offering travelers a more convenient travel experience.
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In terms of Application, the Smart Airports market is categorized into landside, Terminal side, and Airside. The projected surge in global passenger traffic is expected to drive demand for smart solutions specifically on the airside. Smart operations on the airside play a crucial role in optimizing ground employee management and minimizing aircraft turnaround time. Consequently, the market for smart solutions catering to airside operations, including advanced aircraft parking systems and state-of-the-art maintenance and health monitoring systems, has witnessed significant growth in recent years, fueling market expansion.
Smart airports Market Segmentations:
By End User:
Implementation
Upgrades & Services
By Application
Airside
Landside
Terminal Side
By System
Communication & Network Systems
Endpoint Devices
Data Storage
Software & Solutions
By Region
North America
Europe
Asia Pacific
Rest of the World
Table of Contents:
Executive Summary
Market Introduction
Research Methodology
Market Dynamics
Smart Airport Market ANALYSIS by SEGMENT (COUNTRY LEVEL ANALYSIS)
NORTH AMERICA Smart Airport Market analysis
EUROPE Smart Airport Market analysis
ASIA PACIFIC Smart Airport Market analysis
Rest of the World Smart Airport Market analysis
Company Profiles
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