Smart Airport Market Disruption and Innovation in 2023-2031: What to Expect?

The global smart airport market was valued at USD 2.7 billion in 2021 and is projected to reach USD 9.8 billion by 2030, growing at a CAGR of 19.1% from 2022 to 2030. The market is driven by factors such as business optimization, cost savings, increased transparency, and improved passenger experience. The augmented penetration of automated and connected airport processes, including self-service check-ins, smart baggage drops, and smart luggage tracking, is also positively impacting market growth.

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Major market players in this industry include Collins Aerospace, IBM Corporation, Huawei Technologies Co., Ltd., Cisco Systems, Inc., Sabre Corp., Amadeus IT Group SA, SITA, Honeywell International Inc., Siemens AG, Thales Group, and Indra Sistemas.

The objective of this study is to define market sizes of different segments and countries in recent years and forecast their values for the next eight years. The report incorporates both qualitative and quantitative aspects of the industry within each region and country involved in the study. It provides detailed information about driving factors, challenges, opportunities, competitive landscape, and product offerings of key players.

The market segments and sub-segments are as follows:

By System:
- Endpoint Devices
- Communication Systems
- Passenger, Cargo, and Baggage Handling
- Air Traffic Control Systems
- Security Systems
- Software & Solutions
- Data Storage
- Others

By Application:
- Landside
- Terminal Side
- Airside

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By Type:
- Airport 2.0
- Airport 3.0
- Airport 4.0

By Operation:
- Aeronautical
- Non-Aeronautical

By Airport Size:
- Large
- Medium
- Small

By End Market:
- Implementation
- Upgrades & Services

The regional analysis covers North America (U.S., Canada, Mexico), Europe (UK, Germany, France, Spain, Italy, Russia, Rest of Europe), Asia Pacific (China, India, Japan, Australia, South Korea, Rest of Asia Pacific), South America (Brazil, Argentina, Rest of South America), and the Middle East & Africa (UAE, Saudi Arabia, South Africa, Rest of MEA).

The study considers historical years as 2017 and 2020, the base year as 2021, and the forecast period from 2022 to 2030.

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The target audience for this market study includes key consulting companies and advisors, large, medium-sized, and small enterprises, venture capitalists, value-added resellers (VARs), third-party knowledge providers, investment bankers, and investors.

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