Smart Airport Market Size(To reach US$ 66,763.46Mn By 2028) Growth, Trends Analysis, Overview, Demands, Top Manufactures, Growth Opportunity, Regional Outlook

According to the new research report on "Smart Airport Market Size, Share, Growth, Industry Trends and Forecast to 2028 - COVID-19 Impact and Global Analysis," the market size is expected to reach US$ 66,763.46 million by 2028 and register a CAGR of 17.0% from 2022 to 2028.

Global Smart Airport Market Research Report comprises comprehensive industry information and changing Smart Airport market trends in the industry that allows users to spot the pin-point analysis of the market along with revenue, development and profit during the forecast period. It has become the necessity of this rapidly changing market place to take up such Smart Airport market report that makes aware about the market environment. This market research report acts as a backbone to the business. The report includes market drivers and market restraints which help businesses get idea about the production strategy. In this era of globalization, many businesses call for Global Market Research to support decision making. This market document highlights key market dynamics, current market scenario and future prospects of the industry.

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One of the significant trends in the smart airport market is the increasing demand for economical and streamlined systems in airports. The International Air Transport Administration reports that airports' operational expenses can reach up to US$ 13.69 per passenger, including aeronautical and non-aeronautical revenues. However, the current systems used in airport operations can be costly and require regular maintenance, upgrades, and servicing, resulting in additional expenses for the airports.

The US has the largest aerospace industry in the world. In 2020, the US had ~5,200 public airports across the country US such as Houston Airport, San Diego International Airport, John F Kennedy Airport, Miami International Airport, and Hartsfield-Jackson Atlanta International Airport, among which a few significant airports that handle large number of passengers and have installed IoT-based technologies and those airports are considered as smart airports. The US has a well-established airport infrastructure comprising many automation and IoT-based technologies. A few airports are investing heavily in the adoption of smart airport systems and contributing to the growth of smart airport market in the US. For instance, in March 2022, the Chicago Department of Aviation announced that it is installing ADB SAFEGATE's Safedock Advanced Visual Docking Guidance Systems (A-VDGS) to ensure safe and precise aircraft parking on Terminal 5 gates at Chicago O'Hare International Airport (ORD). Moreover, the presence of many smart airport system manufacturers across the US, such as Collins Aerospace (Raytheon Technologies), Honeywell International, Cisco Systems, and IBM, is another major factor boosting the smart airport market size across the US.

The Segments and Sub-Section of Smart Airport Market are shown below:

By Component (Hardware and Software)

By Application (Terminal Side, Airside, and Land Side)

Top Listed Manufacturers for Global Smart Airport Market are:

Honeywell International Inc
Cisco Systems Inc
Huawei Technologies Co., Ltd
Indra Sistemas SA
Amadeus IT Group SA
SITA
Collins Aerospace
Daifuku Co. Ltd.
Thales Group
T-Systems International GmbH
…..
 

The Scope of this report:               

The report provides major statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market. The report focuses on major leading Smart Airport industry players with information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. Upstream raw materials, equipment and downstream consumers analysis is also carried out. Smart Airport industry development trends and marketing channels are analysed.

Smart Airport Market report provides brief analysis of existing competitors which can impact the industry outlook during the forecast period. Furthermore, the report also offers an in-depth assessment of the Smart Airport market by highlighting data on several aspects that may include major market trends, opportunities, market drivers, as well as threats. Smart Airport Market Research report presents an in-depth analysis of the Smart Airport market size, growth, share, segments, manufacturers, and technologies, key trends, market drivers, challenges, standardization, deployment models, opportunities, future roadmap, and 2028 forecast.

Smart airports in Europe, such as Munich, Frankfurt, London Heathrow, Copenhagen, Zurich, and Amsterdam, are leading the way in adopting IoT and AI-based systems. These airports invest heavily in smart technologies to improve passenger experiences, increase operational efficiency, and reduce costs. Recently, Thales won a contract from the airport management group, SEA, to provide a digital platform solution that will enhance operational efficiency and contribute to the growth of the smart airport market.

The COVID-19 pandemic significantly impacted the global aviation industry, as reported by various organizations such as ICAO and IATA. In 2020, the passenger traffic fell by 69% compared to 2019, causing losses of up to US$ 400 billion. The passenger decline was estimated to be between 52% and 59%. As a result, two-thirds of passenger jets were grounded, leading to a decrease in air connectivity by over 50% in 2020. The pandemic also caused delays in developing new smart airport projects and shut down ongoing smart airport operations, leading to a revenue loss for market players. IATA estimated an average loss of US$ 71.7 per passenger in 2020, resulting in a total net loss of US$ 126.4 billion. Consequently, the smart airport market growth was hindered due to the revenue loss faced by companies and the inability to efficiently develop airport infrastructure in 2020.

The analysis of the smart airport market is categorized into two segments: component and application. The component segment comprises of hardware and software. The hardware segment is divided into security, communication, network, endpoint devices, and data storage. On the other hand, the application segment is categorized into the terminal side, airside, and landside.

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Smart Airport Market offers detailed research and analysis of key aspects of the Smart Airport market. Readers will be able to gain deeper understanding of the competitive landscape and its future scenarios, crucial dynamics, and leading segments of the global Smart Airport market. It provides analysis and information by categories such as market segments, regions, and product type and distribution channels. Upstream raw materials and instrumentation and downstream demand analysis are additionally dispensed. The Global Smart Airport market development trends and marketing channels are analysed.

Global Smart Airport Market: Regional Analysis

The research report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2022 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Regions Covered in Smart Airport Market Report:

North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
 

Key Findings of Study:

In 2022, China dominated the APAC smart airport market, holding the largest market share. China boasts the highest number of fully smart airports globally, along with a significant presence of smart airport technology providers and integrators catering to local demand. China's plans to develop around 215 new airports by 2035 as part of its airport development plans are expected to further boost the smart airport market in the country. Hong Kong International Airport, Shenzhen Airport, and Beijing Daxing International Airport are major centers for smart airport technology deployment in terms of volume. For example, Beijing Daxing International Airport recently awarded a contract to Neonode Inc. to deploy their smart luggage carrier, featuring Neonode touch sensor modules across the airport, contributing to the growth of the smart airport market in the region. Additionally, according to market analysis, the increasing use of 5G technology in Beijing Daxing International Airport is a significant factor driving the growth of the smart airport market in China.

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Study objectives of Smart Airport Market Report:

To provide a detailed analysis of the market structure along with the forecast of various segments and sub-segments of the global Smart Airport market
To provide insights into factors influencing and affecting Smart Airport market growth
To provide historical, current, and forecast revenue of market segments based on material, type, design, and end user
To provide economic factors, technology trends, and market trends that influence the global Smart Airport market
To provide historical, current, and forecast revenue of market segments and sub-segments with respect to regional markets and key countries
To provide strategic profiling of key players in the market, comprehensively analysing their market shares, core competencies, and drawing a competitive landscape for the market
To provide strategic profiling of key players in the market, comprehensively analysing their market shares, core competencies, and drawing a competitive landscape for the market

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