Smart Airports Market Size is Expected to Reach USD 10.07 Billion at a CAGR of 18.2%, in 2028

Growing demand for real-time data and growing connectivity advancements in smart airports are driving the revenue growth of the

market at a CAGR of 18.2%, Market Trends – Advances in Airport Connectivity Solutions

The size of the global market smart airports is expected to reach USD 10.07 billion in 2028 and register a CAGR of 18.2% over the forecast period, according to the latest report from Reports and Data. The growing focus on the development of smart cities globally is a key driver of the smart airport market revenue growth. Communication systems, cargo and baggage handling, ground handling, security systems, vehicle parking solutions and air traffic management are all part of the smart airport infrastructure. Passenger and staff notification systems, information display systems, lighting systems and announcement systems are also among the functions expected to fuel the demand for smart airports.

Growing demand for real-time information and growing advancements in connectivity technologies are expected to propel the growth of the smart airport market. The main objective of creating a smart airport is to develop digitally equipped and organized systems and processes for maximum efficiency and connectivity. Various modern technologies, such as artificial intelligence and customer identification using unique pulse rhythm and biometric signatures, are used at all airports to aid in the administration of large airport databases. The growing need for intelligent systems for functions such as airline ticket management and baggage and document inspection is driving the market growth.

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Some highlights of the report

  • By application, airside applications segment accounted for the largest revenue share of the global smart airport market in 2020. Airside applications of smart airport infrastructure include air traffic control and aircraft turnaround management. Smart applications for airside operations have become more popular in recent years. Airports have the ability to dramatically reduce passenger wait times and manage some of the most common concerns, such as lost baggage, flight delays and customer service difficulties, successfully leveraging Internet of Things (IoT), Artificial Intelligence (AI) and Big Data.
  • By type, Airport 4.0 segment is expected to be the fastest growing segment in terms of revenue share during the forecast period. Airport 4.0 focuses on connectivity and real-time information by connecting all stakeholders in an integrated digital environment.
  • The North America smart airport market accounted for the largest revenue share in 2020. Efforts to improve airport operations are driving investment in smart airports. The use of Internet of Things (IoT), Artificial Intelligence (AI), Virtual Reality (VR) and Augmented Reality (AV) in airport operations has the potential to improve efficiency and transparency. The presence of leading smart solution providers like Collins Aerospace, IBM Corporation, and Honeywell International Inc. is also expected to fuel the market growth in this region.
  • Companies profiled in the global market report include Collins Aerospace, Siemens AG, Thales Group, Ascent Technologies, Daifuku Co. Ltd., Wipro Limited, Zensors, Smart Airport System (SAS), Infax Inc., IBM Corporation.

Data has segmented the smart airport market based on system, application, airport size, end use, type, operation and region:

Reports

  • andNetwork Systems
  • End devices
  • Data storage
  • Software and solutions

Application Outlook (Revenue, USD Million; 2018-2028)

  • Side
  • Side terminal
  • track

Airport Size Outlook (Revenue, USD Million; 2018-2028)

End-Uses Materials Outlook (Revenue, USD Million; 2018–2028)

  • Stakes
  • and prospects for the type of services

(Revenue, USD Million; 2018–2028)

  • Airport 2.0
  • Airport 3.0
  • Airport 4.0

Operating Outlook (Revenue, USD Million; 2018-2028)

  • aeronautics
  • non-aeronautical

(Revenue, USD Million; 2018–2028)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

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Smart Airports Market Size is Expected to Reach USD 10.07 Billion at a CAGR of 18.2%, in 2028


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