Smart Airport Market Trends to 2024 Profiling Top Key Players Cisco Systems, IBM Corporation, Rockwell Collins, Honeywell International Inc., Siemens AG, Amadeus IT Group SA

Market Study Report recently introduced new title on “2018-2024 Global Smart Airport Market Report” that provides an in-depth overview of industry and competitive landscape, covering multiple market segments and elaborates market outlook and status to 2024.

The integration of artificial intelligence into the enquiry systems for generating automated responses to passenger queries lessens the need for human involvement. AI supports numerous operational avenues of airfields like real-time pricing, predictive aircraft maintenance, and airline efficiency. For example, the Beijing International Airport has implemented Alibaba Group?s AI-powered ?Aviation Brain? to reduce congestion. Likewise, the IoT technology is another popular trend influencing the market growth prospects. The security of travelers in the airfields and the amplified threat of terrorist attacks would add substantial momentum to the smart airport market growth in the near future.

Market Study Report adds global Smart Airport market report that gives meticulous investigation of current scenario of the market size, share, demand, growth, trends, companies active in the industry and forecasts for the coming years.

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The global smart airport market is projected to exhibit appreciable growth in the coming years, primarily driven by the development of the tourism industry and increased passenger inclination towards air travel across the globe. Smart airports have been designed to handle enormous passenger volume while offering comfort and ease of travel at the same time. These airports integrate various intelligent technologies like customer traffic management, convenient baggage solutions, and systems incorporating smartphones for enhanced traveling experience. Burgeoning demand for fast check-in and simple boarding facilities offered by these airports, which saves passengers? money & time, is also driving the market growth.

The surging requirement for deploying renewable energy sources at such giant infrastructures is a contributing factor towards market growth. The employment of intelligent technologies allows the use of renewable energy to decrease pollution and attain sustainable goals. The growing consciousness of the government for building intelligent air depots and mandating regulatory directives in various nations worldwide have also been propelling smart airport market.

However, massive expenditure in the construction of these structures coupled with complexity in understanding consumer preferences would impede smart airport market growth in the coming years. Challenges pertaining to the smart airport include the establishment of environment-friendly solutions for improving baggage management, passenger traffic management, and offering cost-effective amenities to travelers. Besides these factors, frequent failures of intelligent systems are deterring the market demand as well, since the restoration & maintenance task consumes ample time, resources, and professionals, thereby encumbering the operations.

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The cargo & baggage handling segment of the market is anticipated to witness commendable growth in the approaching future, on account of the increasing customer demand for convenience in carrying and collecting the baggage, security check and self-scanning, and direct transfer to the final point.

Smart airport market from non-aeronautical operations is estimated to witness a fast-paced growth rate in the next few years, given that these operations improve customer experience by offering personalized services. The growth can also be credited to the high expenditure in the digitization of the airfield ecosystem.

Speaking of the geographical landscape, Asia Pacific smart airport market is projected to amass considerable proceeds in the coming years. The growth in the developing countries in the region such as India, Singapore, and China has been escalating lately due to massive government expenditure in infrastructure renovation and by turn offering world-class facilities and services to passengers. The augmented popularity of the tourism business in India and the advent of industrialization are also promoting the consumption of air travel services. The increase in consumer disposable incomes and the subsequent affordability to spend more on luxury provided by air travel would further advance the smart airport market demand.

Global smart airport market is moderately consolidated, with prime participants being Honeywell International Inc., Rockwell Collins, IBM Corporation, Siemens AG, T-Systems International GmbH, SITA, Amadeus IT Group SA, and Cisco Systems. Leading organizations have been adopting strategies like new product development and innovation and M&As for expanding their share in the smart airport market. For example, Huawei has joined forces with Dubai Airport to develop the first Tier 3 modular data center in the world, which will provide a reliable and stable environment for the airports to host their private cloud.

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Related Report:

United States Smart Airports Market Report 2017

In this report, the United States Smart Airports market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022.

Read More on this report at: https://www.marketstudyreport.com/reports/united-states-smart-airports-market-report-2017?utm_source=RR-SP

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