Smart Airports Market Explosion: $10.16 Billion by 2030 - Analyzing Market Size, Emerging Trends, and Future Growth Trajectories"

The Smart Airports Market is projected to reach $10.16 billion by 2030, at a CAGR of 7.8% during the forecast period of 2024-2030. The growth of this market is driven by the rising investments in advanced technology at airports, the widespread adoption of self-service solutions, and the increased utilization of smart solutions to enhance non-aviation revenue. Moreover, the growing adoption of smartphones for a seamless check-in process and the rising adoption of automated baggage handling systems are expected to create significant growth opportunities for stakeholders in the smart airports market.

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Rising Investments in Advanced Technology at Airports to Drive the Market's Growth

Airports are strategically investing in key technologies to enhance the passenger experience at every stage of the journey, aiming to alleviate bottlenecks and address workforce challenges. According to the 2022 Airport IT Insights Survey, the airport industry's IT spending is expected to maintain its steady year-on-year growth trend since 2020, with 93% of airports anticipating that their IT spending will either remain the same or increase in 2024 compared to 2022.
Both airlines and airports are directing investments toward technologies that streamline the passenger experience, facilitating the redistribution of staff to focus on more complex tasks. Thus, biometrics and self-service
technologies are increasingly being adopted.

Airlines recognize self-service technologies as instrumental in managing irregular operations, ranking them as their top investment priority. These technologies include touchless solutions and biometric ID management. For instance, in June 2024, JFK International Air Terminal, LLC (U.S.) deployed Amadeus' Auto Bag Drop and Next Generation Kiosk self-service technology. Therefore, the increasing investments in advanced technology at airports are expected to drive the growth of the smart airports market during the forecast period.

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Key Findings in the Global Smart Airports Market Study:
Based on Offering, the Systems Segment to Account for the Larger Share of the Smart Airports Market
Based on offering, the global smart airports market is broadly segmented into systems and services. In 2024, the systems segment is expected to account for the larger share of the global smart airports market. The large market share of this segment can be attributed to factors such as the rising adoption of smart airport systems to enhance the overall travel experience for passengers, the rising investments in advanced technology at airports, and the increasing initiatives aimed at implementing top-tier security and cybersecurity measures at airports.

Based on Application, the Terminal Side Segment to Account for the Largest Share of the Smart Airports Market
Based on application, the global smart airports market is broadly segmented into terminal side, landside, and airside. In 2024, the terminal side segment is expected to account for the largest share of the global smart airports market. The large market share of this segment can be attributed to the growing integration of baggage handling systems at airports, an increase in passenger traffic, and the increased deployment of digital signage for various purposes, such as advertising, emergency notifications, and way-finding information.

Additionally, the rising utilization of smart airport solutions is expected to fuel the growth of this segment. For instance, in October 2024, Munich Airport introduced baggage trolleys equipped with built-in smart technology, enabling travelers to receive flight information and real-time updates via a built-in tablet. Similarly, in August 2024, an intelligent computer vision platform was installed at Bengaluru airport in India. This platform collects images from 500 live camera feeds, allowing airport staff to efficiently track everything from people to unattended luggage and manage passenger flow more effectively at congestion points.

Based on technology, the IoT Segment to Account for the Largest Share of the Smart Airports Market
Based on technology, the global smart airports market is segmented into AI, IoT, cloud computing, blockchain, big data and analytics, 5G, and other applications. In 2024, the IoT segment is expected to account for the largest share of the global smart airports market. The large market share of this segment can be attributed to the increased adoption of location tracking and facial recognition solutions, the increasing use of electronic tags and sensors for baggage tracking and tracing, and the growing deployment of IoT cameras equipped with facial recognition features to enhance safety at airports.

North America: The Largest Regional Market
Based on geography, the global smart airports market is segmented into North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa. In 2024, North America is expected to account for the largest share of the global smart airports market. North America's major market share can be attributed to the increased spending on technology by airports, the growing implementation of self-service solutions, increased deployment of biometric boarding to manage passenger traffic, and the rising adoption of smart solutions to address flight delays and cancellations.

Some of the recent developments are as follows:

• In May 2024, Honeywell International Inc. (U.S.), a company operating in areas such as aerospace, building technologies, and performance materials and technologies, launched an updated suite of airside solutions, with enhancements to its gate and turnaround and airfield lighting portfolios, including the Honeywell NAVITAS Smart Visual Docking system.

• In May 2022, Miami International Airport (MIA) announced its plans to implement biometric boarding for international flights across all of its 130+ gates in collaboration with SITA (Switzerland), with the expected completion by 2024.
Key Players:

Key Players:
Honeywell collins okinyo Siemens Daifuku Amadeus Huawei Cisco IBM Jason Hales Schneider Electric Wipro Sabre Corporation ASCENT GorillaTech Records

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Scope Of The Report

By Offering
• Systems
o Security Systems
o Communication & Network Systems
o Information Management Systems
o Air & Ground Traffic Control Systems
o Passenger, Cargo, and Baggage Handling Systems
o Information Display Systems
o Building Management Systems
o Asset Management
o Parking Management Systems
• Services
o Consulting Services
o Integration & Deployment Services
o Support & Maintenance Services

By Application
• Terminal Side
o Baggage Management
o Passenger Management
o Retail Operations
o Resource Management
• Airside
o Air Traffic Management
o Parking Management
o Building Operation
o Runway Management
o Other Airside Applications
• Landside
o Parking Management
o Security

By Technology
• IoT
• AI
• Cloud Computing
• Blockchain
• Big Data And Analytics
• 5G
• Other Technologies

Related Report

Airport Logistics Systems Market : https://www.meticulousresearch.com/product/airport-logistics-systems-market-4390

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