Global Airport Digitization Market Is Likely to Experience a Tremendous Growth by 2028

The global airport digitization market is anticipated to grow at a CAGR of 4.5% during the forecast period (2022-2028). A smart airport is a concept that provides advanced solutions to improve capacity and systems such as security, checking, communication, and baggage control, among other functions, in the shortest amount of time. These airports rely on the digital application of connected technologies such as GPS, sensors, and IoT devices in planning and operations tasks to support the flow of activities in the airport digitization market. The market is ganing popularity and the use of more mobile-based applications by passengers is increasing. The rising number of app developers, globally to help population know about rela time information are holing by developing small and medium enterprises (SMEs), start-ups, and IT firms are developing mobile-based applications. Hence, to allow integration of several services within the premises of an airport due to the demand by passenger.
Nowadays, people are getting awarded about the ongoing digitalization trend, availability of transparent services, and introduction of digital flight information display systems for passenger among other systems are such factors driving the growth of market. Moreover, the increasing introduction and use of newer more advanced technologies and commercial airlines offer several discounts and packages for all passengers, and increase consumer base owing to it the demand for advanced technologies will also increase, such factor are attributed to the market growth.

One of the major factors driving the growth of the airports digitization market is the increased demand for real-time information by passenger across the globe. The use of intelligent technologies allows for the use of renewable energy sources to reduce pollution and achieve sustainable goals, as well as an increase in air travel by passengers globally for faster transportation and travel benefits, that accelerates the market growth. On the other hand, a lack of regulations and common standards for blockchain technology, as well as privacy concerns about personal data, are expected to hinder market growth. Difficulties in data collaboration, as well as slow integration and aversion to change in the aviation industry, are expected to pose challenges to the smart airports market during the forecast period.

North America is dominating in the airports digitization market due to significant investments in infrastructure and airport modernization. Owing to increased air traffic in countries such as India, China, and Singapore, and increasing demand for advanced technologies and digitalization in Asia-Pacific region is anticipated to witness the fastest growth during the forecast period.

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Market Coverage
• The market number available for - 2021-2028
• Base year- 2021
• Forecast period- 2022-2028

• Segment Covered-
o By Type
o By Application

• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World

• Competitive Landscape- Apple Inc., Cisco Systems, Daifuku, IBM Corporation, Living PlanIT, Microsoft Corporation, Scarabee, Siemens AG, SITA, and Wind River, among others.

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Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

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Global Airport Digitization Market Report by Segment

By Type
• Hardware
• Software
• Service

By Indication
• Passenger Screening and Security
• Baggage Services
• Passenger Assistance
• Other

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This release was published on openPR.