Smart Airport Market

Smart Airport Market by Technology (Security Systems, Communication Systems, Air and Ground Traffic Controls, and Passengers, Cargo, Baggage, and Ground Handlings), Airport Locations (Landside [Advance Vehicle Parking Solutions, Smart Marketing Techniques And Security], Airside [Air Traffic Management, Aircraft Maintenance, and Aircraft Parking] , and Terminal Side [Baggage Handling, Check-in Systems, and Other operations]), and Regions (North America, Europe, Asia Pacific, Latin America, and Middle-East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028.

  • Report ID: AD-2076
  • Author: Growth Market Reports
  • Rating: 4.9
  • Total Reviews: 2
  • No. Of Pages: 216
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The global smart airport market size is expected to expand at a high CAGR of 5% during the forecast period 2021-2028.The growth of the market is attributed to rapid growth of the airport industry.


Smart Airport Market

The aviation industry is one of the most competitive and distinguished industry across the globe. In recent years, the acquiring of smart applications and appliances in operation of airports has increased swiftly.

Market Trends, Drivers, Restraints, and Opportunities

  • Rising use of latest technology, such as artificial intelligence and Internet of Things (IoT) to reduce the customer service and queries, find the lost bags, and combat the flight delays is expected to propel the growth of the smart airport market.
  • The COVID19 pandemic has positively impact the market growth, as it resulted into implementation of touch-less solutions, driving the growth of the market.
  • Increasing air traffic owing to relaxation in restrictions due to the pandemic has fueled the market growth.
  • The process of development, digitalization, building infrastructure and design airport involves high cost, which can create challenges for the market growth.
  • High use of virtual reality and augmented reality can hinder the operation owing to rising cyber security attacks.
  • Increasing number of smart airport, which includes vehicle parking solution, aircraft parking, air traffic, communication system, cargo & baggage handling, ground handling and security handling, is expected to create lucrative opportunities for the market players.

Scope of the report

The report on the global smart airport market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report

Attributes

Details

Report Title

Smart Airport Market- Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Technology (Security Systems, Communication Systems, Air and Ground Traffic Controls, and Passengers, Cargo, Baggage, and Ground Handlings), Airport Locations (Landside [Advance Vehicle Parking Solutions, Smart Marketing Techniques And Security], Airside [Air Traffic Management, Aircraft Maintenance, and Aircraft Parking] , and Terminal Side [Baggage Handling, Check-in Systems, and Other operations

Regional Scope

North America, Europe, Asia Pacific, Latin America, and Middle East &  Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Cisco System Inc.; Honeywell International Inc.; SITA; Raytheon Technologies Corporation; and Siemens AG

Smart airport Market Segment Insights.

Passengers, cargo, baggage, and ground handling segment is expected to represent to key market share

Based on the technology, the smart airport market is divided into security systems, communication systems, air and ground traffic controls, and passengers, cargo, baggage, and ground handling. The rapid increase in the passenger traffic is expected to drive the passengers, cargo, baggage, and ground handling segment. Rising use digitalization and artificial intelligence (AI) is anticipated to further drive the market segment growth.


Smart Airport Market

Terminal segment is expected to expand at a significant pace

On the basis of airport location, the smart port market is divided into landside, airside and terminal Side. The landside segment is further divided into advance vehicle parking solutions, smart marketing techniques, and security baggage handling. The airside segment is segregated into air traffic management, aircraft maintenance, and aircraft parking. The terminal segment is categorized as baggage handling, check-in system and other operations.

The terminal segment is expected to constitute a major share of the market during the forecast period. Airport authorities in the regions are striving to enhance airport operation on the terminal side. Increasing penetration of touch-less systems in the terminal side is expected to drive the market segment growth. Moreover, implementation of latest technologies to minimize the workload of staff as well as for customers is expected to spur the segment growth.


Smart Airport Market

Asia Pacific is expected to dominate the market

On the basis of regions, the market is classified as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is anticipated to dominate the market during the forecast period. The regional market growth is attributed to the growing demand for smart airport, especially in South and East Asia. The key factor that is contributing to the growth of the market in the region is increasing passengers’ traffic. Moreover, the government and aviation ministry in the emerging economies in the region are planning to construct new airports.


Smart Airport Market

Segments

Segments Covered in the Report

The smart airport market has been segmented based on

Technology

  • Security systems,
  • Communication systems,
  • Air and Ground Traffic Controls
  •  Passengers, Cargo, Baggage& Ground Handlings

Airport Locations

  • Landside
    • Advance vehicle parking solutions
    • Smart marketing techniques
    • Security
  • Airside
    • Air traffic management
    • Aircraft maintenance
    • Aircraft parking
  • Terminal Side
    • Baggage handling
    • Check-in system
    • Other operations

Regions

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

Key Players

  • Cisco System Inc.
  • Honeywell International Inc.
  • SITA
  • Raytheon Technologies Corporation
  • Siemens AG

Competitive Landscape

Key players competing in the global Cisco System Inc.; Honeywell International Inc.; SITA; Raytheon Technologies Corporation; and Siemens AG.

Some of these players are adopting several business strategies including acquisitions, mergers, collaborations, partnerships, capacity expansion, and product launches to enhance their market share.

Smart Airport Market

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Smart Airport Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Smart Airport Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Smart Airport Market - Supply Chain
  4.5. Global Smart Airport Market Forecast
     4.5.1. Smart Airport Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Smart Airport Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Smart Airport Market Absolute $ Opportunity
5. Global Smart Airport Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Smart Airport Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Smart Airport Demand Share Forecast, 2019-2026
6. North America Smart Airport Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Smart Airport Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Smart Airport Demand Share Forecast, 2019-2026
7. Latin America Smart Airport Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Smart Airport Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Smart Airport Demand Share Forecast, 2019-2026
8. Europe Smart Airport Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Smart Airport Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Smart Airport Demand Share Forecast, 2019-2026
9. Asia Pacific Smart Airport Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Smart Airport Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Smart Airport Demand Share Forecast, 2019-2026
10. Middle East & Africa Smart Airport Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Smart Airport Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Smart Airport Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Smart Airport Market: Market Share Analysis
  11.2. Smart Airport Distributors and Customers
  11.3. Smart Airport Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Cisco System Inc. Honeywell International Inc. SITA Raytheon Technologies Corporation Siemens AG

Segments Covered in the Report

The smart airport market has been segmented based on

Technology

  • Security systems,
  • Communication systems,
  • Air and Ground Traffic Controls
  •  Passengers, Cargo, Baggage& Ground Handlings

Airport Locations

  • Landside
    • Advance vehicle parking solutions
    • Smart marketing techniques
    • Security
  • Airside
    • Air traffic management
    • Aircraft maintenance
    • Aircraft parking
  • Terminal Side
    • Baggage handling
    • Check-in system
    • Other operations

Regions

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

Key Players

  • Cisco System Inc.
  • Honeywell International Inc.
  • SITA
  • Raytheon Technologies Corporation
  • Siemens AG

Key players competing in the global Cisco System Inc.; Honeywell International Inc.; SITA; Raytheon Technologies Corporation; and Siemens AG.

Some of these players are adopting several business strategies including acquisitions, mergers, collaborations, partnerships, capacity expansion, and product launches to enhance their market share.

Smart Airport Market

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