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Airport Automation Market: In-Depth Analysis Of Industry Share, Size, Growth And Outlook Up To 2033
Airport Automation Market
As per the report, the airport automation market size has grown strongly in recent years. It will grow from $7.42 billion in 2023 to $7.95 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The airport automation market size is expected to see strong growth in the next few years. It will grow to $10.0 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%.
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Air Traffic Volume Surge Driving Airport Automation Market Growth
The rising air traffic volume is expected to propel the growth of the airport automation market going forward. Air traffic volume refers to the number of aircraft movements within a given airspace, airport, or region over a specific period. Increased business travel and expanding global economic activities drive rising air traffic volume as companies engage in cross-border operations and international collaborations. Airport automation aids in managing air traffic volume by optimizing airspace utilization, coordinating aircraft movements, facilitating efficient communication between air traffic controllers and pilots, reducing human error, and enhancing overall operational efficiency and safety. For instance, according to Eurostat, a Luxembourg-based statistical office of the European Union (EU), in 2022, the European Union witnessed a significant surge in air travel, with the total number of passengers reaching 820 million, marking a substantial increase of 119.3% compared to 2021. Therefore, the rising air traffic volume is driving the growth of the airport automation market.
Digital Tower Air Traffic Control Systems Transforming The Airport Automation Market
Major companies operating in the airport automation market are developing innovative products, such as digital tower air traffic control systems, to gain a competitive edge. Digital tower air traffic control systems are advanced technologies that enable air traffic controllers to manage air traffic at airports from remote locations using cameras, sensors, and other digital tools. For instance, in November 2023, Saab AB, a Sweden-based aerospace and defense company, launched the Integrated Digital Tower Solution (i-DTS), a new air traffic control system designed for larger airports. The i-DTS combines remote tower technology with automated systems expertise, providing enhanced resilience and comprehensive control and training capabilities. With panoramic camera views and role-based console displays, controllers can access real-time imagery and event detection, improving situational awareness and operational efficiency.
The airport automation market covered in this report is segmented -
1) By System: Data Acquisition and Communication, Automation and Control, Data Storage, Software and Solutions
2) By Airport Side: Land Side, Air Side
3) By Application: Baggage Handling And Tracking, Ground Transportation And Parking, Retail And Dining, Facility Management, Passenger Services And Assistance, Emergency Response And Safety, Ground Support Equipment, Air Traffic Management, Airfield Management, Other Applications
4) By End Market: Greenfield, Brownfield
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Major companies operating in the airport automation market are Siemens AG, Raytheon Technologies Corporation, Panasonic Corporation, The International Business Machines Corporation, Cisco Systems Inc., Mitsubishi Electric Corporation, Schneider Electric SE, Honeywell International Inc., ABB Ltd., NEC Corporation, Collins Aerospace, Thales Group, L3Harris Technologies, Leidos Holdings Inc., Wipro Limited, Rockwell Automation Inc., Amadeus IT Group SA, Daifuku Co. Ltd., Advantech Co. Ltd., Bosch Rexroth AG, Vanderlande Industries B.V., SITA - Société Internationale de Télécommunications Aéronautiques, Smiths Detection, Morpho
Contents of the report:
1. Executive Summary
2. Airport Automation Market Report Structure
3. Airport Automation Market Trends And Strategies
4. Airport Automation Market - Macro Economic Scenario
5. Airport Automation Market Size And Growth
…..
27. Airport Automation Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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