Smart Airport Market Report 2023-2028: Industry Demand, Growth Overview, SWOT Analysis, and Forecast

According to the latest report by IMARC Group, titled "Smart Airport Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the global smart airport market size reached US$ 30.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 56.1 Billion by 2028, exhibiting a growth rate (CAGR) of 10.8% during 2023-2028. A smart airport is an airport facility that utilizes the latest technology to enhance the airport experience for passengers, staff, and other stakeholders. It uses advanced technologies, such as artificial intelligence, the internet of things, big data analytics, and blockchain to optimize airport processes and operations. Additionally, it is designed to be more efficient and provide a better experience for passengers, staff, and other stakeholders. It also uses facial recognition technology to speed up the security process, automated baggage handling systems to reduce wait times, and digital signage to provide real-time flight information. It is connected to other airports, allowing for seamless transfers between airports and greater control over airport operations. It is creating a more sustainable model for airport operations by using renewable energy sources, including solar and wind power, to reduce emissions and conserve energy.

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Industry Growth:

The growing number of flight movements majorly drives the global market. This can be supported by the rising rate of commercial and business trips, impelling airports to be more creative and accommodating in order to meet the ever-changing aviation industry and customer needs. Along with this, the escalating adoption of several smart airport solutions, such as luggage scanning and weighing, facial recognition at checkpoints, crew rostering, automated immigration processes, equipment monitoring, vehicle locations, and digital wayfinding, created by the fast-paced development of airport urbanism, is driving the overall smart airport market. Due the growing popularity of smart airports among users due to their ability to provide quick access to data through smart devices and to enable reliable decision-making and digital operations management, is significantly supporting the demand. Moreover, the growing incorporation of advanced technology, such as artificial intelligence (AI), in smart airports for personalized services is contributing to the market.

Industry Demand:

Apart from this, the widespread implementation of new technology with cutting-edge features, including the use of biometric and biodynamic signatures to identify customers based on their heartbeat patterns, is impacting the smart airport market favorably. In addition, the increasing need for smart airport solutions to enhance the passenger experience is one of the primary factors driving demand. Moreover, the increasing focus on enhancing the traveler experience is prompting global institutions and industry stakeholders to shift towards a smarter airport approach. Furthermore, the emergence of advanced technologies, including NFC, AR, and QR codes, is driving the airport automation market forward by allowing for faster, more efficient processes. Some of the other factors driving the market include rapid urbanization and the emerging trends of multi-modal transportation.

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Competitive Landscape with Key Players:

The competitive landscape of the industry has also been examined along with the profiles of the key players being

• Amadeus IT Group SA
• Ascent Technology Inc
• Cisco Systems Inc.
• Collins Aerospace (Raytheon Technologies Corporation)
• Honeywell International Inc
• Huawei Technologies Co. Ltd
• Indra Sistemas S.A.
• International Business Machines Corporation
• Sabre Corp.
• Siemens AG
• T-Systems International GmbH
• Wipro Limited

Breakup by Type:

• Airport 2.0
• Airport 3.0
• Airport 4.0

Breakup by Size:

• Large
• Medium
• Small

Breakup by System:

• Wearables
• LPWAN and WLAN
• Tags and Sensors
• Platforms
• NFC, RFID and Bluetooth
• Wireless
• Others

Breakup by Operation:

• Aeronautical
• Non-Aeronautical

Breakup by End Market:

• Implementation
• Upgrade and Services

Breakup by Application:

• Airside
• Air Traffic Maintenance
• Aircraft Maintenance
• Passenger Screening and Experience
• Digital Video Surveillance and Management
• Building Management
• Intelligent Advertising
• Others

Breakup by Region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report:

• Market Performance
• Market Outlook
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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