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Major Growth Driver Identified in 2025 Smart Airport Market: Rising Investments in Airport Infrastructure to Drive Growth in the Smart Airport Market
Smart Airport Market
Smart Airport Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The smart airport market has been expanding at a swift pace in recent times. Its size is projected to increase from $8.47 billion in 2024 to reach $9.53 billion in 2025, reflecting a compound annual growth rate (CAGR) of 12.6%. Factors such as improved passenger experience, cost savings for airlines, supporting environmental sustainability, efficiency in airport operations, and the options for remote and self-service check-in, have contributed to this growth during the historical period.
Smart Airport Market Size Forecast: What's the Projected Valuation by 2029?
In the ensuing years, the smart airport market is anticipated to witness swift expansion. The projected growth rate is set to reach $16 billion in 2029, with a compound annual growth rate (CAGR) of 13.8%. The expansion during the forecast duration includes factors such as intelligent parking and transportation facilities, predictive analytics used for efficient resource management, developing retail and commercial spaces, and reinforced security initiatives. The major trends for the forecast period encompass passenger boarding via biometrics, the application of contactless technology, the use of blockchain for security and data preservation, artificial intelligence-based airport operations, the execution of robotic process automation, and the use of 5G connectivity for improved communication.
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What Are the Drivers Transforming the Smart Airport Market?
The smart airport market is predicted to be driven by increasing allocations towards airport infrastructure. The surge in these investments is triggered by the need to manage increasing cargo and passenger traffic, improve the overall operational proficiency, and comply with contemporary safety and environmental norms. Moreover, technological progression, governmental protocols, and emerging smart airport projects expedite infrastructure enhancements to uplift the passenger experience. For example, a report in March 2023 by the Airports Council International, based in Canada and dedicated to consolidating industry practices for airport standards, suggests that the conjectured requirement for airport infrastructure for the period 2023-2027 is anticipated to be $151 billion. This projection signifies a 30.9 percent surge compared to estimates from the 2019-2023 period. Consequently, the escalation in airport infrastructure investments is anticipated to stimulate the smart airport market.
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What Long-Term Trends Will Define the Future of the Smart Airport Market?
The smart airport market is increasingly adopting technological progressions such as the application of Internet of Things (IoT) in the fabrication and components of aircraft. Globally, companies have embraced the utilization of cloud-based platforms for the innovation of new aircraft, engines, system designs, and components. This platform facilitates the design process by unifying suppliers, system integrators, software designers, and other contributors within the design and manufacturing network on a virtual platform. For instance, in October 2022, the US-based aviation and technology company, SpaceX, introduced a new service called Starlink Terminals. This will make their satellite internet network accessible on aircraft and deliver internet with a velocity of up to 350 megabits per second (Mbps) per plane irrespective of the plane's location in the world. However, before the installation of a Starlink terminal on a plane, the plane's owner or operator would require a supplemental type certificate from the FAA, permitting the modification of the plane from its original design.
Which Segments in the Smart Airport Market Offer the Most Profit Potential?
The smart airport market covered in this report is segmented -
1) By Services: Smart Transport And Parking Services, Smart Retail, Hospitality And Entertainment Services, Smart Workplace Services, Smart Airport Processes, Smart Business To Business Services
2) By Infrastructure: Endpoint Devices, Communication Systems, Passenger, Cargo and Baggage Ground Handling Control, Air/Ground Traffic Control, Security Systems, Other Infrastructures
3) By Location: Landside, Airside, Terminal Side
4) By Application: Core Applications, Business Applications
5) By End User: Implementation, Upgrades And Services
Subsegments:
1) By Smart Transport And Parking Services: Intelligent Transportation Systems (ITS), Smart Parking Solutions, Airport Shuttle Services
2) By Smart Retail, Hospitality And Entertainment Services: Mobile Retail Applications, Digital Signage And Advertising, Airport Lounges And Dining Options
3) By Smart Workplace Services: Employee Management Systems, Collaboration And Communication Tools, Security And Access Control Systems
4) By Smart Airport Processes: Automated Check-In Solutions, Baggage Tracking Systems, Security Screening Automation
5) By Smart Business To Business Services: Data Analytics Services, Operational Integration Solutions, Supply Chain Management Services
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Which Firms Dominate the Smart Airport Market by Market Share and Revenue in 2025?
Major companies operating in the smart airport market include 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
Which Regions Offer the Highest Growth Potential in the Smart Airport Market?
North America was the largest region in the smart airport market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the smart airport market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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