The smart airports market is projected to grow from USD 11.31 billion in 2016 to USD 14.87 billion by 2021, at a CAGR of 5.64% from 2016 to 2021. This growth can be mainly attributed to factors such as travelers' growing needs for real-time information and airports moving towards customer centric approach. However, stringent governmental regulations about the airport may restrain the growth of this market.
Based on technology, the communication systems is anticipated to be fastest-growing segment in the smart airports market during forecast period. With the rising need of real-time information, airports are adopting smart technologies for free-flow of communication. This adoption of technologies includes airside wireless and terminal side wireless solutions, innovations to integrate smartphones for information at every point of a passenger's journey, and increased usage of social media and near field communication technology.
Based on air-side, air traffic management is the largest segment in the smart airports market. Major investments of the airport are in air traffic management due to increased safety regulations laid by ACI, ICAO, EASA among others. Technological developments in air traffic management such as Ground Based Augmentation System in the recent past also lead to up gradation of existing airside equipment. Moreover, the global mandate by Eurocontrol and International Civil Aviation Organization (ICAO) to replace the existing air traffic equipment by new equipment is also expected to drive the demand for air traffic management segment during the forecast period.
- Amadeus IT Group SA
- Cisco Systems, Inc.
- Honeywell International Inc.
- IBM Corporation
- Indra Siestma S.A.
- Rockwell Collins, Inc.
- Sabre Corporation
- Siemens AG
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Smart Airports Market, By Technology
8 Smart Airports Market, By Landside
9 Smart Airports Market, By Airside
10 Smart Airports Market, By Terminal Side
11 Smart Airports Market, By Application
12 Regional Analysis
13 Competitive Landscape
14 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/9vmftg/smart_airports