Global Smart Airport Market Growth 2024, Forecast To 2033
26 Feb, 2024
The smart airport market has experienced rapid growth, surging from $7.61 billion in 2023 to $8.66 billion in 2024, with a CAGR of 13.7%. Historical growth is attributed to improved passenger experiences, reduced airline costs, environmental sustainability, and efficient airport operations. Projections anticipate rapid growth to $14.02 billion in 2028, with a CAGR of 12.8%, fueled by smart parking, predictive analytics, smart retail, and enhanced security measures. Key trends include biometric boarding, contactless technology, blockchain for security, AI in airport operations, robotic process automation, and 5G connectivity.
Global Smart Airport Market Key Driver
Companies in the aviation industry globally are focusing on green initiatives to protect the environment. The International Council on Clean Transportation highlights that air travel contributes to 3% of global carbon dioxide emissions. Initiatives like All Nippon Airways' SAF Flight Initiative exemplify efforts to reduce emissions and promote sustainability in the aviation sector, emphasizing the industry's commitment to environmental responsibility.
Get A Free Sample Of The Global Smart Airport Market ReportGlobal Smart Airport Market Segments
The smart airport market covered in this report is segmented –
1) By Services: Smart Transport & Parking Services, Smart Retail, Hospitality & Entertainment Services, Smart Workplace Services, Smart Airport Processes, Smart Business to Business Services
2) By Infrastructure: Endpoint Devices, Communication Systems, Passenger, Cargo and Baggage Ground Handling Control, Air/Ground Traffic Control, Security Systems, Other Infrastructures
3) By Location: Landside, Airside, Terminal Side
4) By Application: Core Applications, Business Applications
5) By End User: Implementation, Upgrades and Services
By Geography: The regions covered in the template market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
North America was the largest region in the smart airport market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the smart airport market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Smart Airport Industry Players
Amadeus IT Group SA; CISCO System Inc.; Collins Aerospace; Daifuku Co. Ltd.; Ascent Technologies Inc.; Honeywell International Inc.; Huawei Technologies Co. Ltd.; International Business Machines Corporation; Indra Sistemas S. A.; ITALIA TRASPORTO AEREO S. P. A.; L3Harris Technologies Inc.; Raytheon Technologies Corporation; RESA; Lufthansa Systems GmbH & Co. KG.; Sabre Corporation; Siemens AG; Société Internationale de Télécommunications Aéronautiques; Thales Group; T-Systems International GmbH; Vision-Box Inc.; Wipro Limited; Zensors. Inc.; ADELTE - The Boarding Company; Ansul; Deerns Airport System Consultants; FB TECHNOLOGY; Gentrack Group Limited; Beumer Group GmbH & Co. KG; Bosch security systems GmbH; Schneider Electric SE
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Smart Airport Market Overview
Smart airports are airports that rely on the use of connected technologies such as intelligent building management, cyber security, GPS and sensor, Internet of Things (IoT), blockchain, and Artificial Intelligence (AI) to enable operational employees in performing planning and operational chores digitally while also optimizing passenger flows and staff activities around the airport.
Smart Airport Global Market Report 2023 provides data on the global smart airport market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The smart airport market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.