Press release
Smart Airport Market 2018 Industry - IBM, Siemens AG, Sabre, Rockwell Collins Inc, Thales, Cisco, Amadeus IT, Gentrack, By Security Systems (Biometrics, Cyber Security), Application, Size, Share, Growth, Trends and Global Forecast To 2025
Smart Airport Market
Global Smart Airport Market valued approximately USD 12 billion in 2017 is anticipated to grow with a healthy growth rate of more than 5.70% over the forecast period 2018-2025.
The smart airport market has been an integral factor in the growth and development of economy of a country. The volatility and fluctuations in the prices of fuel which includes degrading demand and the global financial crisis have provided signs to transform the aviation industry on the global scenario. The global airlines with their respective alliances to airports and various megahubs , the operations of the aviation sector are being pushed to integrate and implement the precise and innovative strategies to compete, grow and survive in the present context of business scenario.
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The Key Market Players Include-
• IBM Corporation
• Siemens AG
• Sabre Corporation
• Rockwell Collins Inc
• Thales Group
• Amadeus IT Group
• Cisco Systems Inc
• Gentrack
• NEC Corporation of America
• Indra Siestema S.A.
• T-Systems
• SITA
• Raytheon Company
• Qinetiq Group PLC
• Vision-Box
On the basis of geography, the global smart airport market is segmented into four major regions such as North America, APAC, Europe and RoW. Currently, Asia-Pacific is expected to grow at the highest CAGR through the forecast period due to rise in number of air passengers and up gradation of services and technologies such as communication systems, baggage & cargo handling systems, and security systems. According to the International Air Transport Association (IATA) expects that, the Asia-Pacific will reach 1.8 billion annual passengers by 2035, through the overall market size of 3.1 billion. And also Its annual average growth rate of 4.7% will be the second-highest, behind the Middle East. In Asia-Pacific region, China, India and Indonesia are the fastest growing market country in terms of additional passengers per year during the forecast period where China is expected to reach 817 million new passengers for a total of 1.3 billion, India is expected to reach 322 million new passengers for a total of 442 million and Indonesia is expected to reach 135 million new passengers for a total of 242 million. Apart from this, North America is expected to fastest growing after the Asia-Pacific where the rate of annual passengers will grow by 2.8% annually and in 2035 will carry a total of 1.3 billion passengers, an additional 536 million passengers per year. In which, U.S. alone is expected to reach 484 million new passengers for a total of 1.1 billion in forecast period.
The detailed segments and sub-segment of the market are explained below:
By Security Systems:
• Biometrics
• Cyber Security
By Communication Systems:
• Smartphone
• Social Media
• Near Field Communication
• Wireless Airports
By End-Point Devices:
• Sensors
• IP Phone
• Video Conferencing
• Tags
By Passenger Cargo & Baggage Ground Handling Control:
• RFID Baggage Reconcilation System
• Interactive Advance Information System
• E-Gates
• I-Beacons
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By Regions:
• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• Asia Pacific
• China
• India
• Japan
• Latin America
• Brazil
• Mexico
• Rest of the World
Table of Content:
Chapter 1 Global Smart Airport Market Definition and Scope
Chapter 2 Research Methodology
Chapter 3 Executive Summary
Chapter 4 Global Smart Airport Market Dynamics
Chapter 5 Global Smart Airport Market, By Security Systems
Chapter 6 Global Smart Airport Market, By Communication Systems
Chapter 7 Global Smart Airport Market, By End Point Devices
Chapter 8 Global Smart Airport Market, By Passenger Cargo & Baggage Ground Handling Control
Chapter 9 Global Smart Airport Market, by Regional Analysis
Chapter 10 Competitive Intelligence
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