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Smart Airport Market Growth Prediction, Investment Opportunity, Product Type and Forecast 2026

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According to the current analysis of Reports and Data, the global smart airport market was valued at USD 12.5 Billion in 2018 and is expected to reach USD 28.0 Billion by year 2026, at a CAGR of 10.0%.

Smart airport market highlights the growth and transformation of conventional airport to a intelligent transport hub. Airports are not just a boarding and travelling hub for passengers now, it has become more of a transport hub. The different innovations in technology and its applications in the smart airport market have transformed the conventional airports into smart and intelligent transportation hubs. These airports now have commercial spaces, transportation hubs, shopping centers, recreational spots, and other hospitality elements that attract tourists and travellers around the globe. The use of BYOD and IoT generate massive data that is collected from different touch points and processed to turn into actionable insights is a driving factor for the smart airport market.

These intelligent transport hubs are generating huge revenue and attracting massive public and private investments that are contributing to the economic growth of the country. With increasing number of passengers yearly the airports are implementing various solutions to handle operations, maintained, air traffic control, communications, security, and many more. Use of emerging technologies such as IoT, automation, big data, robots, AI and virtual reality has now become a part of the ecosystem that assist in day to day operations, along with integrated data collection from numerous touch points and devices and creating better real-time communications channels.

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Further key findings from the report suggest:

  • The smart airport markets fastest growing at a CAGR of 9% in Asia Pacific owing to modernization of conventional infrastructure in developing countries such as India and China
  • Communication Systems segment is accounted to be the leading segment in smart airport market which is valued at USD 3.0 Billion in 2019, due to the increasing use of connected devices and need for secured communications
  • North America is the largest region with a share of 35.5% in smart airport market due to the presence of technologically advanced infrastructure and communication technology
  • Terminal side solutions segment is the fastest growing at a CAGR of 12.5% due to the increasing adoption of Smart Airport solutions for simplifying baggage and terminal operations and reducing human errors
  • Check-in systems in the terminal side solutions to have the largest market share in the smart airport market due to the growing number of air travellers and decrease in the air fares
  • The sustainable energy management segment in the terminal side solutions to have the fastest growth rate owing to the increased focus on green and sustainable future by the regional and government bodies
  • Air traffic management is accounted for the largest share in the airside solutions due to the need for better air traffic control and management solutions at the airport
  • Europe is expected to account for the 29.1% of the market, rising investments for smart infrastructure, implementing PPP models, government investments and recent innovations
  • AI based intelligent Airports is the latest innovation in the global Smart Airport Market.
  • Some of the key players are Honeywell Corporation Inc., Collins Aerospace, ITA, Siemens AG, IBM Corporation, Cisco Systems Inc., Raytheon Company, Kiewit, Larsen & Toubro, and Amadeus IT Group SA.

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Segments covered in the report:

For the purpose of the study, this Reports and Data have segmented the Global Smart Airport Market on the basis of application, end user and the regional outlook:

Technology (Revenue, USD Billion; 2016–2026)

  • Communication Systems
  • Traffic Control
  • Passenger Information System
  • Cargo & Baggage Handling
  • Security System
  • Others

Application (Revenue, USD Billion; 2016–2026)

  • Aeronautical Operations
  • Non-Aeronautical Operations

Solution (Revenue, USD Billion; 2016–2026)

  • Terminal Side
    • Baggage Handling
    • Check-In Systems
    • Building Operations
    • Sustainable Energy Management
  • Air Side
    • Air Traffic Management
    • Aircraft Maintenance
    • Aircraft Parking
  • Landside
    • Vehicle Parking Solutions
    • Smart Marketing Techniques
    • Security

Regional Outlook: (Revenue, USD Billion; 2016–2026)

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
  • Middle East and Africa (MEA)

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Table of Content:

Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018-2026
Chapter 3. Indicative Metrics
3.1. Smart Airport Ecosystem
Chapter 4. Smart Airport Market Segmentation & Impact Analysis
4.1. Industrial Outlook
4.2. Market indicators analysis
4.3. Market Drivers analysis
4.3.1. Increased use of airport self-service technologies
4.3.2. Investment rise in agile and intelligent airport concepts
4.3.3. Need to replace the conventional infrastructure for economic growth
4.4. Market restraints analysis
4.4.1. slow growth in infrastructure sector
4.4.2. Integration complexity of data gathered from multiple touch points
4.5. Technological Insights
4.6. Regulatory Framework
4.7. ETOP Analysis
4.8. Porter’s Five Forces Analysis
4.9. Competitive Metric Space Analysis
4.10. Price trend Analysis…

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About us:

Reports and Data 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 analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

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Contact Us: John W Head of Business Development Reports and Data | Web: www.reportsanddata.com Direct Line: +1-212-710-1370 E-mail: [email protected]

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Contact Information:

Contact Us:

John W

Head of Business Development

Reports and Data | Web: www.reportsanddata.com

Direct Line: +1-212-710-1370

E-mail: s[email protected]

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