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What’s driving the smart airport market growth? By key players Rockwell Collins, Honeywell International Inc., Siemens AG, IBM Corporation, SITA
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The cargo and baggage handling segment in the smart airport market is expected to witness growth over the forecast timeline. The growth can be attributed to the increasing customer demand for ease in carrying and receiving the baggage, self-scanning and security check, and direct transfer to the final segment. This process reduces the customer time and efforts as compared to the traditional systems. In the smart airport market, the security system segment is rapidly growing. It can be credited to the rising need for efficient security due to the high risk of terrorist attacks and smuggling of illegal products.
Growing need for using renewable energy sources at such huge infrastructures is a driving factor for the industry. The power consumption in airfields requires a huge amount of electricity, which increases the carbon footprint and atmospheric pollution. The implementation of intelligent technologies allows using renewable energy sources to reduce pollution and achieve sustainable goals. The growing awareness of government for developing intelligent air depots and evolving regulatory mandates in several countries over the world is driving the smart airport market growth.
In the smart airport market, the non-aeronautical operations segment is expected to witness a rapid growth over the forecast timeline. The growth is attributed to high investments in the digitization of airfield ecosystem. This segment is the maximum revenue generator at these places and aids in enhancing the customer experience by providing personalized services.
Asia Pacific smart airport market is anticipated to witness a substantial growth over the forecast timespan. The growth in the emerging economies in the region including China, India, Singapore, etc., is increasing due to high government investments in infrastructure transformation and providing world-class services and facilities to passengers. The increased popularity of the tourism industry in India and the emergence of industrialization are encouraging the consumption of air travel facilities. The growth in the disposable income of individuals and their willingness to spend more on leisure provided in air travel are further fueling the smart airport market demand.
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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• Rockwell Collins
• Honeywell International Inc.
• Siemens AG
• IBM Corporation
• SITA
• T-Systems International GmbH
• Cisco Systems
• Amadeus IT Group SA
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Key players operating in the smart airport market include Rockwell Collins, Honeywell International Inc., Siemens AG, IBM Corporation, SITA, T-Systems International GmbH, Cisco Systems, and Amadeus IT Group SA. Several companies have adopted strategies such as new product development & innovations, mergers, and acquisitions in the smart airport market. For instance, Huawei has partnered with Dubai Airport to build world’s first Tier 3 modular data center that will provide a stable and reliable environment for the airports to host its private cloud.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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