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Global Smart Airport Market Experiences Growth, Driven by Technology and Green Innovations
Smart Airport Market
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Real-Time Information and Passenger Experience Key to Growth
The demand for real-time information is a crucial factor propelling the smart airport market. Passengers now rely heavily on accurate, real-time updates for a smoother travel experience. Airports are installing client touchpoints to collect and share real-time data throughout the value chain. This improves efficiency and enhances the overall passenger experience by optimizing information flow across airport systems.
The adoption of mobile devices for booking, boarding, and baggage collection has also increased in recent years. Airports are incorporating wearable technologies and tracking systems to monitor crew movements and manage queues efficiently, further enhancing passenger satisfaction.
AI and Big Data Revolutionizing Airport Operations
Airports are leveraging AI and big data analysis to improve planning, resource allocation, and passenger behavior analysis. AI is proving to be a game-changer, automating processes such as aircraft delay prediction, security checks, and customer service through chatbots. A notable example of AI implementation is Riyadh Airports' collaboration with AIRIS and Amazon Web Services (AWS) to streamline baggage handling systems, reducing maintenance time by 60% and unexpected failures by 50%.
Big data analysis tools allow airports to process vast amounts of data, optimizing operations by forecasting peak travel times and ensuring adequate staffing. These technologies are pivotal in enhancing both operational efficiency and passenger experience.
Eco-Friendly Initiatives Take Flight
Another key trend is the growing emphasis on sustainable and green technologies. Airports are increasingly adopting eco-friendly practices, including waste management strategies, renewable energy, and energy-efficient technologies. These initiatives aim to reduce environmental impact while maintaining high levels of service. Green technologies are seen as an infinite resource, unlike traditional energy sources, contributing to a sustainable future for airports worldwide.
Challenges: High Costs and Need for Specialized Personnel
Despite the promising growth, the smart airport market faces challenges. The high cost of installing and maintaining smart technologies, along with the need for specialized personnel to manage these systems, poses obstacles to widespread adoption. Airports often outsource services to specialized companies, adding to operational costs.
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Market Segments: Large Airports and Non-Aeronautical Services Lead the Way
Large airports are leading the market, accounting for the largest share of the smart airport market in 2022. With larger budgets and resources, these airports can invest in advanced technologies to manage a higher volume of passengers and planes, improving operational efficiency and passenger services. For instance, Frankfurt Airport partnered with CGI to digitize its operations, enhancing the customer experience.
Non-aeronautical services, such as retail, dining, and personalized services, are also contributing to revenue growth. Airports worldwide are investing in non-aeronautical businesses like duty-free shops and smart parking to diversify income streams and cater to evolving passenger needs. For example, Frankfurt International Airport allows travelers to shop virtually using QR codes, offering a more personalized shopping experience.
Smart Airport Top Companies and Competitive Landscape
The global smart airport market is fairly fragmented with many large and medium-sized players accounting for majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective smart airport.
Some major players included in the global smart airports market report are:
Honeywell International Inc.
Cisco System Inc.
Amadeus IT Group SA
Siemens AG
T-Systems International GmbH
Thales Group
SITA
Raytheon Technologies Corporation
NATS Limited
Sabre Corp.
IBM Corporation
L3Harris Technologies Inc.
Ascent Technology, Inc.
Huawei Investment & Holding Co., Ltd.
Indra Sistemas, S.A.
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Smart Airport Latest Industry Updates
In May 2023, Honeywell International Inc. introduced a suite of airside solutions These solutions assist pilots' gates operations and airside operations teams to have a better understanding of the situation, which speeds up aircraft turnaround times and enhances airport efficiency and safety.
In June 2022, Wipro introduced ICAD - India's First Digital Airport and is now being built at Noida International Airport (NIA) in Jewar. Passengers can use contactless and paperless services at all checkpoints at this aviation hub. In addition, it eliminates the need to print tickets and boarding cards and spend time looking for them at various checkpoints.
In June 2022, Fiumicino Airport in Italy announced the creation of a new baggage handling system, which would comprise baggage sorting system and Hold Baggage System (HBS) for X-ray control of 100% of the bags on departure.
For the purpose of this report, Emergen Research has segmented the global smart airport market on the basis of type, airport size, platform, operation, system, application, technology, end-use, and region:
Type Outlook (Revenue, USD Billion; 2019-2032)
Airport 1.0
Airport 2.0
Airport 3.0
Airport 4.0
Airport Size Outlook (Revenue, USD Billion; 2019-2032)
Small
Medium
Large
Platform Outlook (Revenue, USD Billion; 2019-2032)
Hardware
Software
Data Management
Others
Operation Outlook (Revenue, USD Billion; 2019-2032)
Aeronautical
Non-Aeronautical
System Outlook (Revenue, USD Billion; 2019-2032)
Wearables
Low-Power Wide-Area Network (LPWAN) and Low-Power Wide-Area Network (LPWAN)
Tags and Sensors
Platforms
Near-Field Communication (NFC), Radiofrequency Identification (RFID), and Bluetooth
Wireless
Others
Application Outlook (Revenue, USD Billion; 2019-2032)
Terminal Side
Heating, Ventilation, and Air Conditioning (HVAC)
Lighting Control
Digital Video Surveillance and Management (DVM)
Fire and Life Safety Solutions
Energy Management
Life Cycle Services
Building Management and Automation Systems
Air Side
Advanced Visual Docking Guidance System (A-VDGS)
Airfield Ground Lighting (AGL)
Surface Movement Guidance
Runway Improvement and Apron Management
Digital and Radar Video Surveillance
Landside
Parking
Access Roads
Perimeter Security
Car Rental
Mass Transit
Airport City
Technology Outlook (Revenue, USD Billion; 2019-2032)
Security Systems
Biometrics
Alerts & Cyber Security
E-Fence & Ground Surveillance Radar
E-Tag System
Communication Systems
Wireless Airports
Smart Phones
Near Field Communication
Social Media
Air and Ground Traffic Control
Smart Systems & Scalable Air Traffic Management Solutions (ATM)
Automated Passport Controls
Passenger, Cargo & Baggage Ground Handling
Internet of Things (loT) Enabled Beacons
Robots for Passenger and Baggage Movement
Common-Use Self-Service (CUSS) Kiosks
RFID Baggage Reconciliation System
E-Gates
Endpoint Devices
Sensors
Tags
Internet Protocol (IP) Phone
Video Conferencing (Audio/Video)
Others (Navigational, Landing Aids, Digital Signage, and Airport Management Software)
End-Use Outlook (Revenue, USD Billion; 2019-2032)
Implementation
Upgrade and Services
Regional Outlook (Revenue, USD Billion; 2019-2032)
North America
U.S.
Canada
Europe
Germany
France
UK
Italy
Spain
Benelux
Russia
Rest of Europe
Asia Pacific
China
Japan
South Korea
India
ASEAN Countries
Oceania
Rest of APAC
Latin America
Brazil
Mexico
Rest of LATAM
Middle East & Africa
GCC Countries
Israel
Turkey
South Africa
Rest of Middle East & Africa
Look Over transcripts provided by Emergen Research
Smart Airport Market Size@ https://www.emergenresearch.com/industry-report/smart-airport-market/market-size
Smart Airport Market Share@ https://www.emergenresearch.com/industry-report/smart-airport-market/market-share
Smart Airport Market Trends@ https://www.emergenresearch.com/industry-report/smart-airport-market/market-trends
Smart Airport Regional Market Demand@ https://www.emergenresearch.com/industry-report/smart-airport-market/market-trends
Smart Airport Market Analysis@ https://www.emergenresearch.com/industry-report/smart-airport-market/market-analysis
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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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