Press release
Airport Technologies Market Anticipated To Witness Robust Growth, Surpassing $17.84 Billion By 2029
Airport Technologies
What Is the Current Airport Technologies Market Size and Its Estimated Growth Rate?
The airport technologies market size has shown gradual growth over the past few years. It is forecasted to grow from $13.42 billion in 2024 to $13.99 billion in 2025, with a CAGR of 4.3%. Growth drivers include the increase in air travel, improved security, better passenger experiences, and sustainability efforts.
The airport technologies market size is anticipated to see significant growth in the next few years. It will increase to $17.84 billion by 2029 at a compound annual growth rate (CAGR) of 6.3%. Growth is attributed to the rise of smart airports, biometrics, contactless travel, and automation, as well as robotics and sustainable practices. Major trends include digital transformation, facial recognition, smart security systems, and the integration of artificial intelligence (AI).
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How Are Emerging Segments Shaping the Airport Technologies Market Landscape?
The airport technologies market covered in this report is segmented -
1) By Type: Airport Digital Signage Systems, Car Parking Systems, Airport Communications, Landing Aids, Guidance and Lighting, Passenger, Baggage and Cargo Handling Control Systems, Airport Management Software
2) By Airport Size: Small, Medium, Large
3) By Application: Domestic Airport, International Airport
Subsegments:
1) By Airport Digital Signage Systems: Wayfinding Signage, Advertising Digital Displays, Information And Flight Status Displays
2) By Car Parking Systems: Automated Parking Systems (APS), Parking Guidance Systems (PGS), Ticketing And Payment Systems
3) By Airport Communications: Public Address Systems (PA), Intercom Systems, Radio Communication Systems
4) By Landing Aids: Instrument Landing Systems (ILS), Precision Approach Path Indicators (PAPI), Runway Visual Range (RVR) Systems
5) By Guidance and Lighting: Runway And Taxiway Lighting, Airport Ground Lighting Systems, Visual Docking Guidance Systems (VDGS)
6) By Passenger, Baggage, and Cargo Handling Control Systems: Baggage Handling Systems (BHS), Passenger Boarding Bridges (PBB), Cargo Management Systems
7) By Airport Management Software: Airport Operations Management Software, Flight Information Display Systems (FIDS), Resource And Asset Management Software
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Which Growth Factors Are Influencing Airport Technologies Market Expansion?
Rising levels of illegal immigration are a significant factor boosting the airport technologies market. According to the European Commission, irregular border crossings in Europe surged to 331,400 in 2022, a 66% increase from 2021. In response, airports are implementing advanced technologies such as facial recognition, RFID tracking, and Mobile Passport Control (MPC) to enhance security and streamline immigration processes.
Who Are the Dominant Players Across Different Airport Technologies Market Segments?
Major companies operating in the airport technologies market include Thales ATM S.A., Honeywell Airport Solutions Inc., Siemens Airports LLC, Raytheon Technologies Corporation, Cisco Systems Inc., Hitachi Ltd., Bosch Security Systems Inc., Rockwell Automation Inc., Analogic Corporation, Smiths Detection International Ltd., Oshkosh Corporation, MATRIX SYSTEMS Inc., DSG SYSTEMS AG, Airport Information Systems Ltd., Garrett Metal Detectors LLC, KUKA Aktiengesellschaft, Pensher Skytech Limited, Vanderlande Industries Holding B.V., Syagen Technology Inc., Arinc Inc., A4 Vision Inc., American LaFrance LLC, Amadeus IT Group S.A., International Business Machines Corporation, Indra Sistemas S.A., ISO-Gruppe GmbH, Leidos Holdings Inc., NEC Corporation, Société Internationale de Télécommunications Aéronautiques, ADB SAFEGATE Holding AG, AirIT Inc., Avinor AS, Boon Edam Inc., Damarel Systems International Ltd., Daifuku Co. Ltd., EASIER Inc., Fentress Architects Ltd., Gentrack Group Limited, Gunnebo AB
What Are the Latest Developing Trends in the Airport Technologies Market?
Companies in the airport technologies market are increasingly focusing on developing advanced solutions, such as state-of-the-art digital platforms for airport operations, to improve operational efficiency and the overall passenger experience. These digital platforms integrate various airport processes, utilizing modern technologies to boost efficiency, enhance passenger experiences, and ensure real-time communication among stakeholders. For example, in September 2024, Adani Airports, an Indian infrastructure company, introduced Aviio, an innovative digital platform to improve passenger experiences and optimize operations across its seven airports in India. This platform provides real-time updates on security checks, wait times, gate changes, and baggage status. The system includes a Smart Airport Operations System and a dedicated app for collaboration between airlines, ground handlers, and security personnel, aiming to enhance operational efficiency and ensure smooth travel.
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Which Geographic Regions Are Expected to Dominate the Airport Technologies Market in the Coming Years?
Asia-Pacific was the largest region in the airport technologies market in 2023. Asia-Pacific is expected to be the fastest-growing region in the airport technologies market report during the forecast period. The regions covered in the airport technologies market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Airport Technologies Market?
2. What is the CAGR expected in the Airport Technologies Market?
3. What Are the Key Innovations Transforming the Airport Technologies Industry?
4. Which Region Is Leading the Airport Technologies Market?
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