Press release
Smart Airports Market is Expected to Exceed US$ 19.9 Billion by 2026 | CAGR: 7.6% | Global Key Company’s - Reutech Radar Systems, Thales-Raytheon, Northrop Grumman, Honeywell, Rockwell Collins, IBM
Smart Airports Market
Overview of the Global Smart Airports Market:
Global Smart Airports market is expected to grow from $10.3 Billion in 2017 to reach $19.9 Billion by 2026 with a CAGR of 7.6%. Factor such as rising customer traffic, require for up gradation of check-in services and need for real-time information are driving the smart airports market. Severe governmental policies about airport may hamper the growth of the smart airports market. Growing inclination of personalized services is providing ample opportunities for the growth of the market.
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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. A smart airport system encompasses components, solutions, services and devices which optimize and powers the utilization of airways infrastructure for implementing advanced functions.
Based on Technology, the communication systems section is predicted to grow to an extent during forecast period owing to the growing needs for real-time information, airports are adopting smart technologies for horizontal flow of communication between dissimilar systems and end users. By geography, Asia-Pacific is expected to grow at the highest CAGR during the forecast period due to the factors such as upcoming new green-field airport projects and growth of existing airports.
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Major Key Players:
1 Reutech Radar Systems (Pty) Ltd
2 Thales-Raytheon Systems Company Llc
3 Israel Aerospace Industries Ltd.
4 Northrop Grumman Corporation
5 Honeywell International Inc.
6 Rockwell Collins, Inc.
7 IBM Corporation and More…………………….
Market Segment by Technologies Covered:
1 Security Systems
2 Passenger, Cargo and Baggage Ground Handling Control
3 Air/Ground Traffic Control
4 Communication Systems
5 Endpoint Devices
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This study answers to the below key questions:
1 What will the market size be in 2026 and what will the growth rate be?
2 What are the key market trends?
3 What is driving this market?
4 What are the challenges to market growth?
5 Who are the key vendors in this market space?
6 What are the market opportunities and threats faced by the key vendors?
7 What are the strengths and weaknesses of the key vendors?
In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Smart Airports Market.
Table of Contents:
1 Executive Summary
2 Preface
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Smart Airports Market, By Solution
6 Global Smart Airports Market, By Technology
7 Global Smart Airports Market, By Service
8 Global Smart Airports Market, By Application
9 Global Smart Airports Market, By Geography
10 Key Developments
11 Company Profiling
About us:
We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today’s complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
We believe in delivering actionable insights for your business growth and success.
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