The latest report by IMARC Group, titled “Smart Airport Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032,” provides an extensive analysis of the smart airport market share. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.
The global smart airport market size reached USD 33.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 77.0 Billion by 2032, exhibiting a growth rate (CAGR) of 9.3% during 2024-2032.
Global Smart Airport Market Trends:
The global market is primarily driven by the rise in demand for seamless passenger experiences. The increasing adoption of advanced biometric systems and artificial intelligence to enhance security and operational efficiency is also playing a crucial role. Moreover, the growing need for optimized airport processes, such as baggage handling and check-in procedures, is significantly propelling market expansion. Furthermore, rising investments in IoT-enabled smart infrastructure are enabling airports to improve energy management and resource allocation.
Additionally, heightened concerns over sustainability are pushing airports to adopt eco-friendly solutions. The implementation of data analytics for predictive maintenance is contributing to more efficient airport operations. Besides, the rise in air travel globally is further accelerating demand for smart airport solutions, fostering overall market growth. Increased focus on passenger safety amid the COVID-19 pandemic has led to further investments in contactless technologies, providing an additional propel to the market.
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Global Smart Airport Market Scope & Growth Analysis:
The market scope is expanding as airports are now leveraging artificial intelligence for real-time decision-making, which enhances both operational efficiency and passenger satisfaction. Smart security systems, such as facial recognition and automated screening, are further extending the market’s scope by addressing growing concerns over safety and security. Additionally, the adoption of smart airports in emerging economies, where infrastructure developments are on the rise, is another factor driving growth.
Airport management systems are also evolving with the integration of digital platforms for flight operations, ground handling, and customer service, further broadening the market landscape. The rise of autonomous vehicles for airport logistics and robotics for cleaning and maintenance are expanding smart airport functionalities. Moreover, the increasing emphasis on sustainability and energy efficiency is driving investments in renewable energy and smart grid systems, thus broadening the market’s potential.
Key Players in the Smart Airport Industry:
The competitive landscape of the industry has also been examined along with the profiles of the key players being:
- Amadeus IT Group SA
- Ascent Technology Inc.
- Cisco Systems Inc.
- Collins Aerospace (Raytheon Technologies Corporation)
- Honeywell International Inc.
- Huawei Technologies Co. Ltd.
- Indra Sistemas S.A.
- International Business Machines Corporation
- Sabre Corp.
- Siemens AG
- T-Systems International GmbH
- Wipro Limited
Key Market Segmentation:
Breakup by Type:
- Airport 2.0
- Airport 3.0
- Airport 4.0
Breakup by Size:
- Large
- Medium
- Small
According to the report, large accounts for the largest market share.
Breakup by System:
- Wearables
- LPWAN and WLAN
- Tags and Sensors
- Platforms
- NFC, RFID and Bluetooth
- Wireless
- Others
Breakup by Operation:
- Aeronautical
- Non-Aeronautical
Breakup by End Market:
- Implementation
- Upgrade and Services
Breakup by Application:
- Airside
- Air Traffic Maintenance
- Aircraft Maintenance
- Passenger Screening and Experience
- Digital Video Surveillance and Management
- Building Management
- Intelligent Advertising
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- Historical, Current and Future Market Trends
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Why Choose IMARC Research Report:
- Strong Market Research Expertise
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- Innovative Solutions
- Comprehensive Analysis
- Accuracy and Reliability
- Provides Insightful Forecasts
- Available Customization Options
- Strong Customer Service
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services.
IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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