Press release
Smart Airport Market Exhibits A Stunning Growth Potentials: Collins Aerospace, IBM Corporation, Huawei Technologies Co. Ltd., Cisco Systems
Smart Airport Market
The global smart airport market is tapping into monetary benefits through new revenue streams. Smart airport brings together a variety of technologies through the Internet of Things (IoT), with the goal of strategically differentiating an airport, including improved traveler experience. Improved traveler experience by smart airport ensures to provide ease, comfort, and advanced security for passengers enhance overall airport experience and optimize the operational efficiency of airports. Smart airport integrates airport operational systems such as collaborative decision making (CDM), resource management system (RMS), airport operational database (AODB), baggage reconciliation system (BRS), baggage handling system (BHS), arrival manager (AMAN), and departure manager (DMAN) to harness airport eco-system data that impact operational efficiency.
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COVID-19 scenario analysis:
The COVID-19 crisis has created a demand for facial recognition solutions that will have no need for physical authentication systems such as biometrics.
Amid the COVID-19 crisis, various airports across countries have ordered thermal scanners and infrared scanners for passenger screening that can detect fevers from a distance.
The spread of COVID-19 is posing serious challenges for airlines, airports, and their ecosystems; however, the pandemic could help catalyze investments in new technologies and radically reshape the industry.
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Demand for smart passenger screening solutions is expected to surge post the COVID-19 pandemic in the long term as airports will strive to maintain vigilance levels.
The travel restrictions imposed by the governments, owing to the COVID-19 control measures has decreased air passenger traffic, limiting the overall growth of the market.
Top impacting factors: market scenario analysis, trends, drivers, and impact analysis
Modernization of airport services, increase in demand for biometric solutions at airports, and rise in adoption of smart applications for airside operations are the factors that drive the global smart airport market. However, limited integration capability of various IoT devices hinders the market growth. On the contrary, increase in air passenger traffic, utilization of AI, and trend of wearable devices are anticipated to provide lucrative growth opportunity for the market expansion.
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The global smart airport market trends are as follows:
Modernization of airport services
Smart solutions enable smoother and efficient operations, leading to cost savings in airport operations, such as passenger screening. In addition, smart airports can provide real-time information through SMS services, offer check-ins via self-service kiosks, and facilitate automated baggage handling. Smart airport also engages with passengers to provide real-time updates through social media & alerts on personal electronic devices. Moreover, advancements in high-speed wireless network technology and the number of devices enabled with IoT are increasing rapidly. Such rapid modernization of airports is expected to drive the global smart airport market growth.
Increase in demand for biometric solutions at airports
Technologies such as facial & voice recognition have been introduced for passenger identity, check-ins, and availing boarding passes. Further, rise in demand for smart passenger screening solutions is expected to surge post COVID-19 pandemic in the long term, as airports will strive to maintain vigilance levels. Such adoption of smart & integrated systems is expected to drive the growth of the smart airport market.
Key benefits of the report:
This study presents the analytical depiction of the global smart airport industry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global smart airport market share.
The current market is quantitatively analyzed from 2020 to 2027 to highlight the global smart airport market growth scenario.
Porter’s five forces analysis illustrates the potency of the buyers & suppliers in the market.
The report provides a detailed global smart airport market analysis based on competitive intensity and how the competition will take shape in coming years.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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