Press release
Global Airport Technologies Market Expected to Achieve 5.9% CAGR by 2029: Growth Forecast Insights
Airport Technologies
What Is the Expected CAGR for the Airport Technologies Market Through 2025?
The expansion of the airport technologies market has been consistent in the past few years. It is projected to increase from a value of $13.42 billion in 2024 to an estimated $13.87 billion in 2025, reflecting a Compound Annual Growth Rate (CAGR) of 3.4%. Factors such as the rise in air travel, advancements in security, improvements in passenger experience, and sustainability efforts contribute to the growth witnessed in the referenced timeline.
What's the Projected Size of the Global Airport Technologies Market by 2029?
Expectations are high for the airport technologies market, with the anticipation of robust expansion in the coming years. The estimated growth suggests an increase up to $17.44 billion by 2029, with a compound annual growth rate (CAGR) of 5.9%. This projected progression within the forecasted period is primarily due to advancements like intelligent airports, biometrics, contactless travel, automated processes, and eco-friendly practices. The industry's main trends for the forecast period encompass digital evolution, biometric and facial recognition technologies, smart security setups, and artificial intelligence (AI).
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Top Growth Drivers in the Airport Technologies Industry: What's Accelerating the Market?
The growth of unauthorized immigration is a significant factor influencing the market for airport technologies. For example, the European Commission, the Belgium-based administrative branch of the European Union, reported in May 2023 that unofficial border crossings in Europe rose to 331,400 in 2022, representing a massive 66% growth compared to 2021. Enhanced airport technologies are being progressively employed to address unlawful immigration. Facial recognition technology at airports, in particular, has facilitated numerous arrests related to illegal immigration. Moreover, other technologies like Mobile Passport Control (MPC) and radio-frequency identification (RFID) based tracking system have also been implemented across various airports. The MPC technology includes a mobile application that enables US citizens or Canadian visitors to accelerate their admission into the United States, authorized by the U.S. Customs and Border Protection (CBP).
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What Trends Will Shape the Airport Technologies Market Through 2029 and Beyond?
Major corporations functioning in the airport technologies sector are steering their focus towards the creation of innovative technological solutions, for instance, state-of-the-art digital platforms for handling airport operations. These platforms aim to enhance the effectiveness of operations and augment passenger experience. This avant-garde digital platform for airport workings is a highly sophisticated integrated software solution specially configured to streamline and optimize several airport procedures. It leverages the utility of advanced technologies to improve efficiency and amplify passenger experiences, along with facilitating instantaneous communication among various stakeholders. For example, Adani Airports, an infrastructure and transportation company based in India, introduced Aviio, a cutting-edge digital platform in September 2024. Created to boost passenger experience and simplify airport operations across its seven airports in India, this ingenious platform gives stakeholders real-time access to data. It also aids with important alerts regarding security checks, expected waiting durations, gate alterations, and baggage status details. In addition, features like a Smart Airport Operations System and a dedicated avio app intended for cooperation amongst airlines, ground handling staff, and security personnel are included. The goal of this initiative is to enhance operational efficiencies and cultivate uninterrupted travel experience.
What Are the Main Segments in the Airport Technologies Market?
The airport technologiesmarket 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 Top Companies are Driving Growth in the Airport Technologies Market?
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
Which Regions Will Dominate the Airport Technologies Market Through 2029?
Asia-Pacific was the largest region in the airport technologies market in 2024. 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
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