Smart Airport Market to Accumulate Sizable Gains at a 5.82% CAGR till 2023 | by Honeywell International Inc, Cisco Systems Inc, Siemens Ag, Rockwell Collins, Raytheon Etc Industry Vendors

Airports are required to be technologically advanced and equipped to serve the increasing air-traffic. Therefore, to be more entrepreneurial and practical becomes important for them, to bring about changes in the airport structures. The main aim of constructing smart airport is to make systems and processes digitally equipped and organized, in terms of process efficiency and connectivity. Further, this helps the systems to pervade with intelligence and improve accessibility.

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In 2017, the smart airport market accounted for USD 10.87 billion and is expected to reach USD 15.64 billion, registering a CAGR 5.82%, during 2017-2023 (the forecast period).

Hamad International Airport (HIA) signed a contract with Huawei to speed up the Qatar airport’s digital transformation. The major focuses of this strategic partnership are expected to be on Internet of Things (IoT), and autonomous machines, in order to address the business opportunities and challenges. Moreover, this partnership will enable the development of the smart airport and upgrade the passenger management, further fulfilling the needs of digital-savvy customers. Thereby, these technological service providers are involved in serving ICT solutions, to accelerate the digital transformation in airports and their operations.

Major Key Players:

HONEYWELL INTERNATIONAL INC, CISCO SYSTEMS INC, SIEMENS AG, ROCKWELL COLLINS INC., RAYTHEON amongst others.

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Smart robots are set to boost the productivity scenario at Changi Airport. An smart wheelchair system, wheelchairs guided by vision-based technology, is on trial at the airport. Other futuristic technologies include Roboto, a prototype robotic chef that can prepare u2018laksa’ for passengers at the Sats Premier Lounges. In the first quarter of 2017, Changi Airport is involved in testing smart vehicles that work on u2018Follow-Me’ technology for transporting food trolleys within the premises.

Transport Security Administration (TSA) and Homeland Security are developing a smart mannequin (PATT) that contains a sensor layer and can accurately measure the applied pressure during a pat-down procedure. These smart mannequins are designed differently, and effectively for male and female body shapes and have up to 2,000 sensors covering the entire surface area, to provide the best possible feedback.

According to SITA IT Airport Survey, around 80% of the airports have been investing in beacons and other sensors for the next three years, which would make passengers journey comfortable and timely. Geographically alone, the Middle East market is expected to reach USD 850 million by 2020, owing to the high investments, especially in UAE.

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