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Smart Airports Market

Smart Airports Market by Type (Airport 2.0, Airport 3.0, Airport 4.0), by Application (Aeronautical Operations and Non-aeronautical Operations), by System (Communication & Network Systems, Endpoint Devices, Data Storage, and Software & Solutions), by End User (Implementation and Upgrades & Services), and by Location (Land-side, Air-side, and Terminal Side), by Regions and Global Forecast 2022-2028

Report Id: SNS/A&D/1873 | June 2022 | Region: Global | 125 Pages

Report Scope & Overview:

Smart Airports Market Size was valued at USD 3.16 billion in 2021 and US$ 3.79 billion in 2022, expected to reach USD 11.26 billion by 2028, and grow at a CAGR of 19.9% over the forecast period 2022-2028.

During the forecast period, the smart airport market is expected to grow at a significant CAGR. The fundamental purpose of developing the smart airport is to construct digitally equipped and organised systems and processes for process efficiency and connectivity. Various advanced technologies, such as the development of artificial intelligence technology and client identification via a unique heartbeat pattern with the assistance of biometric signatures, are being implemented across airports to aid in the management of massive airport databases.

Smart Airports Market Revenue Graph

The creation and commercialization of advanced intelligent technologies creates a digital ecosystem that includes flight booking management, baggage and document checkers, and machine-driven arrivals.

The global aviation industry stands to benefit greatly from the deployment of smart airport technologies. AI technologies such as machine learning, computer vision, and natural language processing have the potential to transform industries such as customer service, resource management, and airport security. Airbus S.A.S. and Boeing have both announced AI-based product launches and research initiatives in recent years. Furthermore, these companies have made significant investments in AI startup firms through their venture arms in order to develop cutting-edge AI-driven solutions.

MARKET DYNAMICS:

KEY DRIVERS:

  • Increased demand for real-time data decreases the strain on airport infrastructure and personnel, which is projected to propel market expansion.

  • Construction of new airports

RESTRAINTS:

  • One of the major factors limiting market growth is a lack of skilled labour.

  • Management of AI and automated systems can be difficult at times and necessitates exceptional software engineering skills as well as significant experience addressing distributed and concurrent programming or debugging communication protocols.

OPPORTUNITIES:

  • The smart wheelchair system is a wheelchair that is guided by vision-based technology.

  • Roboto, a prototype robotic chef who prepares Laksa for passengers, and advanced innovative smart robots for increasing workforce productivity.

CHALLENGES:

  • Development of environmentally friendly solutions for increasing baggage management, passenger traffic management, and providing cost-effective passenger services

  • Frequent failures in the smart system and their repair necessitate a large amount of resources, time, money, and professionals, stifling market growth.

THE IMPACT OF COVID-19

The Covid-19 epidemic has had a profound effect on various sectors around the world. But the smart airport market is well influenced by its new technology. Investments in the integration of technological innovations such as tactile solutions, self-help cookies, and biometric key chain are increasing over the years. Because of the closure and the risk of transmitting the corona virus, people are getting off at airports, and it is easy to install and use new technologies at airports.

After the completion of the closure and reduction of corona cases, passengers resumed their flight to the airport during a major update that required the implementation of advanced technologies such as electricity, control systems, IT, robots, etc. at smart airports to be managed in a sustainable manner. costs. In addition, the growing demand for passenger information at airports encourages the growth of smart airport in the coming years. Customer performance may be enhanced by new technologies such as smart mirrors that help blind people and a biometric passenger identification system. COVID-19 therefore provides key players with the opportunity to develop new technologies and boost the growth of an intelligent airport market.

The global smart airport market is divided into two types based on application: aeronautical operations and non-aeronautical operations. The non-aeronautical segment is expected to grow significantly because services such as advertising, smart parking, retail outlets, Wi-Fi, and so on are propelling the market's growth.

The airport industry is one of the world's most competitive and prominent industries. It generates significant income as well as employment. There are three types of airport locations: air-side, land-side, and terminal side. the air-side application segment accounted for 62.7 percent of the global smart airports market. This application segment includes, among other things, air traffic management and aircraft turnaround management. The use of smart applications for air-side operations has grown in recent years. Airports have the potential to significantly reduce passenger wait times and address some of the most frequently encountered issues, such as lost bags, flight delays, and customer service issues, by effectively utilizing IoT, AI, and big data.

The industry is dynamic and is expected to grow significantly in the near future. Companies in the market are introducing new innovative products and technologies to keep up with airport modernization and effectively address the growing demand for real-time information. To increase their revenue share, key industry players are pursuing merger and acquisition strategies as well as forming alliances with other players across the value chain.

Companies all over the world are focusing on technological innovation to generate new revenue streams by transitioning to digital platforms and smart technologies that enable self-service processes. The key players account for a sizable market share.

MARKET KEY PLAYER

Cisco Systems Inc., Raytheon Technologies Corporation, SITA, Thales Group, Ascent Technology, Inc., Indra Sistemas, S.A., L3Harris Technologies Inc., Huawei Investment & Holding Co., Ltd., International Business Machine Corporation, Honeywell International Inc,

MARKET SEGMENTATION

by Type

  • Airport 2.0

  • Airport 3.0

  • Airport 4.0 

by Application

  • Aeronautical Operations

  • Non-aeronautical Operations

by System

  • Communication & Network Systems

  • Endpoint Devices

  • Data Storage

  • Software & Solutions

by End User

  • Implementation

  • Upgrades & Services

by Location

  • Land-side

  • Air-side

  • Terminal Side

Smart Airports Market Segment Chart

REGIONAL ANALYSIS:

During the forecast period, North America is expected to be the largest market for smart airports. North America's smart airports market is led by the United States. The need to optimize airport operations is driving investments in smart applications. The use of IoT, AI, and AV VR has the potential to improve airport operations and increase transparency. North America has the most airports in the world, which drives the demand for IoT technology integration. The presence of major smart solution providers such as Collins Aerospace, IBM Corporation, and Honeywell International Inc, in addition to its various airports, is expected to drive the market in this region.

REGIONAL COVEREGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Smart Airports Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 3.16 Billion
Market Size by 2028 US$ 11.26 Billion
CAGR CAGR of 19.9% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Type (Airport 2.0, Airport 3.0, Airport 4.0)
• By Application (Aeronautical Operations and Non-aeronautical Operations)
• By System (Communication & Network Systems, Endpoint Devices, Data Storage, and Software & Solutions)
• By End User (Implementation and Upgrades & Services)
• By Location (Land-side, Air-side, and Terminal Side)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Cisco Systems Inc., Raytheon Technologies Corporation, SITA, Thales Group, Ascent Technology, Inc., Indra Sistemas, S.A., L3Harris Technologies Inc., Huawei Investment & Holding Co., Ltd., International Business Machine Corporation, Honeywell International Inc,
DRIVERS • Increased demand for real-time data decreases the strain on airport infrastructure and personnel, which is projected to propel market expansion.
• Construction of new airports
RESTRAINTS • One of the major factors limiting market growth is a lack of skilled labour.
• Management of AI and automated systems can be difficult at times and necessitates exceptional software engineering skills as well as significant experience addressing distributed and concurrent programming or debugging communication protocols.


Frequently Asked Questions (FAQ) :

Financial, Products/ Services Offered, SWOT Analysis, The SNS view.

Development of environmentally friendly solutions for increasing baggage management, passenger traffic management, and providing cost-effective passenger services.

Yes, this report covers top-down, bottom-up Quantitative Research.

Qualitative Research, Fundamental Research, data triangulation, IDs & FGD’s

Analytical research, And others as per report requirement.

According to SNS insiders, the global market size was USD 3.16 billion in 2021 and is expected to reach USD 11.26 billion by 2028.

The non-aeronautical segment is expected to grow significantly


Table of Content:

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8.Smart Airports Market, by Type

8.1 Airport 2.0

8.2 Airport 3.0

8.3 Airport 4.0

 

9.Smart Airports Market, by Application

9.1 Aeronautical Operations

9.2 Non-aeronautical Operations

 

10.Smart Airports Market, by System

10.1 Communication & Network Systems

10.2 Endpoint Devices

10.3 Data Storage

10.4 Software & Solutions

 

11.Smart Airports Market, by End User

11.1 Implementation

11.2 Upgrades & Services

 

12.Smart Airports Market, by Location

12.1 Land-side

12.2 Air-side

12.3 Terminal Side

 

13. Regional Analysis

13.1 Introduction

 

13.2 North America

13.2.1 USA

13.2.2 Canada

13.2.3 Mexico

13.3 Europe

13.3.1 Germany

13.3.2 UK

13.3.3 France

13.3.4 Italy

13.3.5 Spain

13.3.6 The Netherlands

13.3.7 Rest of Europe

13.4 Asia-Pacific

13.4.1 Japan

13.4.2 South Korea

13.4.3 China

13.4.4 India

13.4.5 Australia

13.4.6 Rest of Asia-Pacific

13.5 The Middle East & Africa

13.5.1 Israel

13.5.2 UAE

13.5.3 South Africa

13.5.4 Rest

13.6 Latin America

13.6.1 Brazil

13.6.2 Argentina

13.6.3 Rest of Latin America

 

14.Company Profiles

14.1 Honeywell International Inc.

14.1.1 Financial

14.1.2 Products/ Services Offered

14.1.3 SWOT Analysis

14.1.4 The SNS view

14.2 Cisco Systems Inc.

14.3 Raytheon Technologies Corporation

14.4 SITA

14.5 Thales Group

14.6 Ascent Technology, Inc.

14.7 Indra Sistemas, S.A.

14.8 L3Harris Technologies Inc.

14.9 Huawei Investment & Holding Co., Ltd.

14.10 International Business Machine Corporation

 

15. Competitive Landscape

15.1 Competitive Benchmarking

15.2 Market Share analysis

15.3 Recent Developments

 

16. Conclusion

 

 

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Secondary Research

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