Smart Airport Market Outlook
According to a new report by Expert Market Research titled, “Global Smart Airport Market Size, Share, Analysis, Report and Forecast 2024-2032″, the global smart airport market reached a value of USD 2.76 billion in 2023. Aided by the integration of advanced technologies such as Internet of Things (IoT), artificial intelligence (AI), biometrics, and data analytics, the market is projected to further grow at a CAGR of 13.60% between 2024 and 2032 to reach a value of USD 8.69 billion by 2032.
Smart airports incorporate a range of technologies to streamline airport operations, from self-service check-ins and automated baggage handling to real-time flight updates and advanced security screening processes. These innovations not only enhance the passenger experience but also improve airport security and operational efficiency, making air travel more seamless and enjoyable.
The smart airport market demand is propelled by several factors. The increasing passenger traffic worldwide necessitates airports to adopt more efficient and scalable solutions to manage crowds and ensure smooth operations. Additionally, heightened security concerns call for more sophisticated surveillance and screening technologies to ensure passenger safety.
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The advent of IoT and AI technologies has opened new avenues for airport management, enabling real-time data collection and analysis for better decision-making. Furthermore, passengers today expect a high level of convenience and personalised experiences, which smart technologies can deliver through tailored information, navigation assistance, and automated services.
According to the smart airport market analysis, technological innovation is at the heart of the smart airport concept. Biometric identification systems use facial recognition, fingerprints, or iris scanning to expedite passenger processing while enhancing security measures. AI-powered chatbots and virtual assistants provide passengers with instant information and support, improving customer service.
The application of big data analytics allows airports to analyse vast amounts of data for operational insights, predicting passenger flows and optimising resource allocation. Moreover, IoT devices facilitate a connected ecosystem within the airport, monitoring everything from luggage handling to environmental conditions, ensuring a smooth and efficient operation.
The market exhibits significant regional diversity. North America, with its tech-savvy population and large number of airports, holds a significant portion of the smart airport market share. Europe follows closely, driven by stringent security regulations and a strong focus on enhancing passenger experiences. The Asia-Pacific region shows the fastest growth, fuelled by rapid urbanisation, rising air travel, and significant investments in airport infrastructure development.
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Smart Airport Market Segmentation
The market can be divided based on system, application, airport operation, and region.
Market Breakup by System
- Communication and Network Systems
- Endpoint Devices
- Data Storage
- Software and Solutions
Market Breakup by Application
- Airside
- Landside
- Terminal Side
Market Breakup by Airport Operation
- Aeronautical
- Non-aeronautical
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global smart airport market. Some of the major players explored in the report by Expert Market Research are as follows:
- Ascent Technology, Inc.
- Honeywell International Inc.
- Huawei Technologies Co., Ltd.
- THALES group
- IBM Corporation
- Others
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