Global smart airports market anticipated driving due to the increasing demand for self-service technologies at airports and growing focus on customer-centric approaches
The global smart airports market size was estimated at USD 2.36 billion in 2019 and projected to reach USD 8.01 Billion by 2027, registering a CAGR of 14.61%, during the forecast period, 2020-2027. The growth of the market primarily attributed to the improved passenger experience at the airport with the help of real-time information. Additionally, the increasing number of passengers at airports and the need for effectively managing airport operations will spur the global smart airports industry. Further, the growing demand for quick check-ins and comfortable boarding facilities provided by these airfields by saving passengers' time and money is expected to fuel the robust growth of smart airports worldwide. Also, the rising adoption of biometric equipment at the airport will positively impact the smart airport market.
Moreover, the digital technologies used at airports these days, including self-service kiosks, baggage tracking, and flight information to offer customers enhanced experiences, are projected to trigger the smart airport demand globally. Also, the introduction of smartphone-based airport applications for passengers to utilize real-time information, such as gate number, arrival time, direction to airport, check-in line, and flight booking, will accelerate the growth of the smart airport industry in the future periods. Furthermore, the growing adoption of new intelligent technologies like the Internet of Things (IoT) at the airport for smart luggage system and on-site application to transform customer experiences will fuel the global smart airport market in the coming years.
System Overview in the Global Smart airports Market
Based on the system, the global smart airport market classified into endpoint devices, communication systems, passenger, cargo and baggage handling, air traffic control systems, security systems, and others. The cargo and baggage handling will be the fastest-growing segment in the forecast period. It is attributable to the rise in the use of robotics and augmented reality for providing exceptional customer experience by performing varied tasks such as luggage transportation and identifying the potential security risks.
Application Overview in the Global Smart airports market
Based on the application, the global smart airport market segregated into Landside, Terminal Side, and Airside. The airside held for the highest revenue in 2019 due to the intelligent innovations in airside location, such as in-wallet scanning, facial recognition for passenger boarding, geo-location of passengers, and coordination of teams with real-time information on aircraft landings.
Type Overview in the Global Smart airports Market
Based on type, the global smart airport market segregated into Airport 2.0, Airport 3.0, and Airport 4.0. The Airport 4.0 segment accounted for a larger market share in 2019 and projected to lead the market by 2027. It is due to airport 4.0 provide digital-based solutions such as real solicitation of the airport like operational needs, customer requests, etc.
Operation Overview in the Global Smart Airports Market
Based on operation, the global smart airport market bifurcates into Aeronautical and Non-Aeronautical. The non-aeronautical segment generated the most substantial revenue in 2019. On account of the airport are now offering parking facilities, duty-free shops, lounges, boarding facilities, conference rooms, and lodging facilities. They are now focusing on passenger satisfaction, such as shopping outlets and personalized information regarding retail showrooms and offers.
End Market Overview in the Global Smart Airports Market
Based on the end market, the global smart airport market bifurcates into implementation, and upgrades & services. The upgrades & services segment estimated to dominate the smart airport market by 2027. Due to the surge in demand for self-service check-ins and baggage drop units; therefore, the airport has adopted efficient measures to improve operational efficiency and save costs.
Regional Overview in the Global Smart airports Market
By geography, the Global Smart airports Market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America accounted for the maximum revenue share in 2019. It is owing to the rapid development of smart airports across the U.S., including RFID-based baggage-tracking systems and smart security gates, the introduction of technology for real-time information, unmanned immigration system, and real-time CCTV surveillance, etc.
Global Smart airports Market: Competitive Landscape
Companies such as Collins Aerospace, IBM Corporation, Huawei Technologies Co., Ltd., Cisco Systems, Inc., Sabre Corp., Amadeus IT Group SA, SITA, Honeywell International Inc., Siemens AG, Thales Group, and Indra Sistemas, S.A., are the key players in the global smart airports market.
Global Smart Airport Market Report Content 1. Research Strategic Development 1.1. Market Modelling 1.2. Product Analysis 1.3. Market Trend and Economic Factors Analysis 1.4. Market Segmental Analysis 1.5. Geographical Mapping 1.6. Country Wise Segregation 2. Research Methodology 2.1. Identification of Target Market 2.2. Data Acquisition 2.3. Refining of Data/ Data Transformations 2.4. Data Validation through Primary Techniques 2.5. Exploratory Data Analysis 2.6. Graphical Techniques/Analysis 2.7. Quantitative Techniques/Analysis 2.8. Visual Result/Presentation 3. Executive Summary 4. Market Insights 4.1. Economic Factor Analysis 4.1.1. Drivers 4.1.2. Trends 4.1.3. Opportunities 4.1.4. Challenges 4.2. Technological Landscape 4.3. Competitors & Product Analysis 4.4. Regulatory Framework 4.5. Company market share analysis, 2019 4.6. Porter's Five forces analysis 4.7. New Investment Analysis 4.8. PESTEL Analysis 4.9. Impact Of Covid-19 On Smart Airport 5. Global Smart Airport Market Overview 5.1. Market Size & Forecast, 2016-2027 5.1.1. Demand 5.1.1.1. By Value (USD Million) 5.2. Market Share & Forecast, 2016-2027 5.2.1. By System 5.2.1.1. Endpoint Devices 5.2.1.2. Communication Systems 5.2.1.3. Passenger, Cargo And Baggage Handling 5.2.1.4. Air Traffic Control Systems 5.2.1.5. Security Systems 5.2.1.6. Software & Solutions 5.2.1.7. Data Storage 5.2.1.8. Others 5.2.2. By Application 5.2.2.1. Landside 5.2.2.2. Terminal Side 5.2.2.3. Airside 5.2.3. By Type 5.2.3.1. Airport 2.0 5.2.3.2. Airport 3.0 5.2.3.3. Airport 4.0 5.2.4. By Operation 5.2.4.1. Aeronautical 5.2.4.2. Non-Aeronautical 5.2.5. By Airport Size 5.2.5.1. Large 5.2.5.2. Medium 5.2.5.3. Small 5.2.6. By End Market 5.2.6.1. Implementation 5.2.6.2. Upgrades & Services 5.2.7. By Region 5.2.7.1. North America 5.2.7.2. Europe 5.2.7.3. Asia Pacific 5.2.7.4. South America 5.2.7.5. Middle East & Africa 6. North America Smart Airport Market Overview 6.1. North America Smart Airport Market Size & Forecast, 2016-2027 6.1.1. Demand 6.1.1.1. By Value (USD Million) 6.2. North America Smart Airport Market Share & Forecast, 2016-2027 6.2.1. By System 6.2.1.1. Endpoint Devices 6.2.1.2. Communication Systems 6.2.1.3. Passenger, Cargo And Baggage Handling 6.2.1.4. Air Traffic Control Systems 6.2.1.5. Security Systems 6.2.1.6. Software & Solutions 6.2.1.7. Data Storage 6.2.1.8. Others 6.2.2. By Application 6.2.2.1. Landside 6.2.2.2. Terminal Side 6.2.2.3. Airside 6.2.3. By Type 6.2.3.1. Airport 2.0 6.2.3.2. Airport 3.0 6.2.3.3. Airport 4.0 6.2.4. By Operation 6.2.4.1. Aeronautical 6.2.4.2. Non-Aeronautical 6.2.5. By Airport Size 6.2.5.1. Large 6.2.5.2. Medium 6.2.5.3. Small 6.2.6. By End Market 6.2.6.1. Implementation 6.2.6.2. Upgrades & Services 6.2.7. By Country 6.2.7.1. US 6.2.7.2. Canada 6.2.7.3. Mexico 6.2.8. Company Market Share (Top 3-5) 6.2.9. Economic Impact Study on North America Smart Airport Market 7. Europe Smart Airport Market Overview 7.1. Europe Smart Airport Market Size & Forecast, 2016-2027 7.1.1. Demand 7.1.1.1. By Value (USD Million) 7.2. Europe Smart Airport Market Share & Forecast, 2016-2027 7.2.1. By System 7.2.1.1. Endpoint Devices 7.2.1.2. Communication Systems 7.2.1.3. Passenger, Cargo And Baggage Handling 7.2.1.4. Air Traffic Control Systems 7.2.1.5. Security Systems 7.2.1.6. Software & Solutions 7.2.1.7. Data Storage 7.2.1.8. Others 7.2.2. By Application 7.2.2.1. Landside 7.2.2.2. Terminal Side 7.2.2.3. Airside 7.2.3. By Type 7.2.3.1. Airport 2.0 7.2.3.2. Airport 3.0 7.2.3.3. Airport 4.0 7.2.4. By Operation 7.2.4.1. Aeronautical 7.2.4.2. Non-Aeronautical 7.2.5. By Airport Size 7.2.5.1. Large 7.2.5.2. Medium 7.2.5.3. Small 7.2.6. By End Market 7.2.6.1. Implementation 7.2.6.2. Upgrades & Services 7.2.7. By Country 7.2.7.1. Germany 7.2.7.2. UK 7.2.7.3. France 7.2.7.4. Italy 7.2.7.5. Rest of Europe 7.2.8. Company Market Share (Top 3-5) 7.2.9. Economic Impact Study on Europe Smart Airport Market 8. Asia Pacific Smart Airport Market Overview 8.1. Asia Pacific Smart Airport Market Size & Forecast, 2016-2027 8.1.1. Demand 8.1.1.1. By Value (USD Million) 8.2. Asia Pacific Smart Airport Market Share & Forecast, 2016-2027 8.2.1. By System 8.2.1.1. Endpoint Devices 8.2.1.2. Communication Systems 8.2.1.3. Passenger, Cargo And Baggage Handling 8.2.1.4. Air Traffic Control Systems 8.2.1.5. Security Systems 8.2.1.6. Software & Solutions 8.2.1.7. Data Storage 8.2.1.8. Others 8.2.2. By Application 8.2.2.1. Landside 8.2.2.2. Terminal Side 8.2.2.3. Airside 8.2.3. By Type 8.2.3.1. Airport 2.0 8.2.3.2. Airport 3.0 8.2.3.3. Airport 4.0 8.2.4. By Operation 8.2.4.1. Aeronautical 8.2.4.2. Non-Aeronautical 8.2.5. By Airport Size 8.2.5.1. Large 8.2.5.2. Medium 8.2.5.3. Small 8.2.6. By End Market 8.2.6.1. Implementation 8.2.6.2. Upgrades & Services 8.2.7. By Country 8.2.7.1. China 8.2.7.2. India 8.2.7.3. Japan 8.2.7.4. Australia 8.2.7.5. Rest of Asia Pacific 8.2.8. Company Market Share (Top 3-5) 8.2.9. Economic Impact Study on Asia Pacific Smart Airport Market 9. South America Smart Airport Market Overview 9.1. South America Smart Airport Market Size & Forecast, 2016-2027 9.1.1. Demand 9.1.1.1. By Value (USD Million) 9.2. South America Smart Airport Market Share & Forecast, 2016-2027 9.2.1. By System 9.2.1.1. Endpoint Devices 9.2.1.2. Communication Systems 9.2.1.3. Passenger, Cargo And Baggage Handling 9.2.1.4. Air Traffic Control Systems 9.2.1.5. Security Systems 9.2.1.6. Software & Solutions 9.2.1.7. Data Storage 9.2.1.8. Others 9.2.2. By Application 9.2.2.1. Landside 9.2.2.2. Terminal Side 9.2.2.3. Airside 9.2.3. By Type 9.2.3.1. Airport 2.0 9.2.3.2. Airport 3.0 9.2.3.3. Airport 4.0 9.2.4. By Operation 9.2.4.1. Aeronautical 9.2.4.2. Non-Aeronautical 9.2.5. By Airport Size 9.2.5.1. Large 9.2.5.2. Medium 9.2.5.3. Small 9.2.6. By End Market 9.2.6.1. Implementation 9.2.6.2. Upgrades & Services 9.2.7. By Country 9.2.7.1. Brazil 9.2.7.2. Argentina 9.2.7.3. Rest of South America 9.2.8. Company Market Share (Top 3-5) 9.2.9. Economic Impact Study on South America Smart Airport Market 10. Middle East & Africa Smart Airport Market Overview 10.1. Middle East & Africa Smart Airport Market Size & Forecast, 2016-2027 10.1.1. Demand 10.1.1.1. By Value (USD Million) 10.2. Middle East & Africa Smart Airport Market Share & Forecast, 2016-2027 10.2.1. By System 10.2.1.1. Endpoint Devices 10.2.1.2. Communication Systems 10.2.1.3. Passenger, Cargo And Baggage Handling 10.2.1.4. Air Traffic Control Systems 10.2.1.5. Security Systems 10.2.1.6. Software & Solutions 10.2.1.7. Data Storage 10.2.1.8. Others 10.2.2. By Application 10.2.2.1. Landside 10.2.2.2. Terminal Side 10.2.2.3. Airside 10.2.3. By Type 10.2.3.1. Airport 2.0 10.2.3.2. Airport 3.0 10.2.3.3. Airport 4.0 10.2.4. By Operation 10.2.4.1. Aeronautical 10.2.4.2. Non-Aeronautical 10.2.5. By Airport Size 10.2.5.1. Large 10.2.5.2. Medium 10.2.5.3. Small 10.2.6. By End Market 10.2.6.1. Implementation 10.2.6.2. Upgrades & Services 10.2.7. By Country 10.2.7.1. Saudi Arabia 10.2.7.2. UAE 10.2.7.3. South Africa 10.2.7.4. Rest of Middle East & Africa 10.2.8. Company Market Share (Top 3-5) 10.2.9. Economic Impact Study on Middle East & Africa Smart Airport Market 11. Competitor Analysis 11.1. Company Description 11.2. Financial Analysis 11.3. Key Products 11.4. Key Management Personnel 11.5. Contact Address 11.6. SWOT Analysis 11.7. Company Profile 11.7.1. Collins Aerospace 11.7.2. IBM Corporation 11.7.3. Huawei Technologies Co., Ltd. 11.7.4. Cisco Systems, Inc. 11.7.5. Sabre Corp. 11.7.6. Amadeus IT Group SA 11.7.7. SITA 11.7.8. Honeywell International Inc. 11.7.9. Siemens AG 11.7.10. Thales Group, 11.7.11. Indra Sistemas, S.A. 11.7.12. Ascent Technologies 11.7.13. Daifuku Co., LTD. 11.7.14. Zensors 11.7.15. T-Systems 11.7.16. Other Prominent Players
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