Press release
Smart Airport Market: Rapid Growth, High CAGR and Emerging Trends
Smart Airport Market
What Is The Projected Market Size Of The Global Smart Airport Market And Its Growth Rate?
- The smart airport market has grown rapidly from $8.47 billion in 2024 to $9.53 billion in 2025 at a remarkable compound annual growth rate (CAGR) of 12.6%.
- This growth is driven by factors such as enhanced passenger experience, airline cost reduction, environmental sustainability, and efficient airport operations including remote and self-service check-in.
- The market is expected to continue growing and is projected to reach $16 billion by 2029 at a CAGR of 13.8%.
- Smart parking and transportation solutions, predictive analytics for resource management, and advancements in retail, commercial spaces, and security measures are expected to attribute to this growth in the forecast period.
What Is Driving The Growth In The Smart Airport Market?
The smart airport market is experiencing significant growth due to increasing investments in airport infrastructure. These investments are driven by the need to accommodate rising passenger and cargo traffic, improve operational efficiency, and comply with modern safety and environmental standards. Technological advancements, supportive government policies, and the advent of smart airport initiatives further push infrastructure upgrades to enhance passenger experience. For instance, a report by the Airports Council International in March 2023 highlighted the estimated need for airport infrastructure over the 2023-2027 period at $151 billion, marking a 30.9 percent increase compared to the 2019-2023 estimates. Therefore, such growing investments in airport infrastructure are propelling the smart airport market.
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Who Are the Key Players Driving Smart Airport Market Growth?
- Amadeus IT Group SA
- CISCO System Inc.
- Collins Aerospace
- Daifuku Co. Ltd.
- Ascent Technologies Inc.
- Honeywell International Inc.
- Huawei Technologies Co. Ltd.
- International Business Machines Corporation
- Indra Sistemas S. A.
- ITALIA TRASPORTO AEREO S. P. A.
- L3Harris Technologies Inc.
- Raytheon Technologies Corporation
- RESA
- Lufthansa Systems GmbH & Co. KG.
- Sabre Corporation
- Siemens AG
- Société Internationale de Télécommunications Aéronautiques
- Thales Group
- T-Systems International GmbH
- Vision-Box Inc.
- Wipro Limited
- Zensors. Inc.
- ADELTE - The Boarding Company
- Ansul
- Deerns Airport System Consultants
- FB TECHNOLOGY
- Gentrack Group Limited
- Beumer Group GmbH & Co. KG
- Bosch security systems GmbH
- Schneider Electric SE
What Are The Key Trends In The Smart Airport Market?
- Biometric passenger boarding
- Adoption of contactless technology
- Use of blockchain for security and data integrity
- Implementation of artificial intelligence in airport operations
- Robotic process automation
- 5G connectivity for enhanced communication
What Are The Segments Of The Global Smart Airport Market?
- Services: Smart Transport And Parking Services, Smart Retail, Hospitality And Entertainment Services, Smart Workplace Services, Smart Airport Processes, Smart Business To Business Services
- Infrastructure: Endpoint Devices, Communication Systems, Passenger, Cargo and Baggage Ground Handling Control, Air/Ground Traffic Control, Security Systems, Other Infrastructures
- Location: Landside, Airside, Terminal Side
- Application: Core Applications, Business Applications
- End User: Implementation, Upgrades And Services
Which Region Leads The Smart Airport Market?
North America was the dominant region in the smart airport market in 2024. However, in terms of growth, the Asia-Pacific region is expected to record the fastest growth during the forecast period. The smart airport market report covers various regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Smart Airport Market Global Market Report?
- Market Size Analysis: Analyze the Smart Airport Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Smart Airport Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Smart Airport Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Smart Airport Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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