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Smart Airport Market 2023 - Share, Industry Size, New Trends, Competitive Landscape, And Forecast To 2032
Smart Airport Market Analysis
Smart Airport Market Size, Growth Rate, And Forecast
The global smart airport market size grew from $6.84 billion in 2022 to $7.6 billion in 2023 at a compound annual growth rate (CAGR) of 11.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The smart airport market size is expected to grow to $13.13 billion in 2027 at a CAGR of 14.6%.
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Smart Airport Market Drivers
Companies in the aviation industry across the world are focusing on green initiatives to protect the environment. Multiple airline companies are trying to become more sustainable. According to the International Council on Clean Transportation (ICCT), air travel produces about 3% of global carbon dioxide emissions, and it is one of the fastest-growing sources of greenhouse gases. In order to reduce emission of greenhouse gases, companies in the aviation market are focusing on taking green initiatives.
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Smart Airport Market Segments
1) By Services: Smart Transport & Parking Services, Smart Retail, Hospitality & Entertainment Services, Smart Workplace Services, Smart Airport Processes, Smart Business to Business Services
2) By Infrastructure: Endpoint Devices, Communication Systems, Passenger, Cargo and Baggage Ground Handling Control, Air/Ground Traffic Control, Security Systems, Other Infrastructures
3) By Location: Landside, Airside, Terminal Side
4) By Application: Core Applications, Business Applications
5) By End User: Implementation, Upgrades and Services
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the smart airport market.
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Smart Airport Market Key Players
Major competitors in the smart airport market include Amadeus IT Group SA, CISCO System Inc., Collins Aerospace, Daifuku Co. Ltd., Ascent Technologies, Honeywell International Inc., Huawei Technologies Co. Ltd., IBM Corporation.
The Business Research Company's "Global Smart Airport Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Smart Airport Market Include:
1. Executive Summary
2. Smart Airport Market Characteristics
3. Smart Airport Market Trends And Strategies
4. Smart Airport Market - Macro Economic Scenario
5. Smart Airport Market Size And Growth
.......
26. Africa Smart Airport Market
27. Smart Airport Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Smart Airport Market
29. Smart Airport Market Future Outlook and Potential Analysis
30. Appendix
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