DUBLIN--(BUSINESS WIRE)--The "Smart Airports Market by Application (Landside, Airside, Terminal Side), End Market (Implementation, Upgrades & Services), Type (Airport 2.0, Airport 3.0, Airport 4.0), Operation, System, Airport Size, Technology, and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The smart airport market is projected to grow from USD 2.2 billion in 2019 to USD 6.4 billion by 2025, at a CAGR of 19.8% during the forecast period.
Increasing use of self-service technologies and growing need for real-time information are expected to drive the smart airports market growth
Smart solutions enable smoother and efficient operations, leading to cost savings in airport operations, such as passenger processing. Smart airports can provide real-time information through SMS services, offer check-ins via self-service kiosks, and facilitate automated baggage handling. They engage with passengers to provide real-time updates through social media & alerts on personal electronic devices. Advancements in high-speed wireless network technology and the number of devices enabled with this technology are increasing rapidly. Smoother airport operations lead to more ancillary revenue as passengers will spend more time at airport terminal areas rather than in check-ins and baggage processing.
With the introduction of GDPR (General Data Protection Regulation) in European countries, airports will have to be cautious in terms of storing data of European customers. This can be a hindrance to the smart airport market. Airports and airlines must make sure that the capturing, storage and distribution of passenger data remain secure and protected.
By airport size, the medium segment is expected to grow at the highest rate during the forecast period
By airport size, the medium segment is expected to witness the highest CAGR because modern-day airport requirements have increased in terms of complexity and scale in comparison to the initial days of commercial flying. This growth is due to the increasing adoption of smart solutions in medium airports. Applications such as real-time services, passenger processing, baggage tracking, and security & surveillance are expected to drive the growth of this segment. For airport operators across the globe, cost-efficiency, environmental protection, and passenger comfort are of vital importance. Of about 8,000, more than 100 airports around the world now handle at least 10 million passengers each year, and this number is expected to grow over the next five years. Medium airports are keen on implementing smart solutions for passenger screening and baggage handling. Large airports have already implemented partial self-service applications for passenger screening and baggage handling and are, therefore, investing in optimizing business operations by leveraging smart technologies. Applications like passenger flow management and building management are the main focus area for large airports.
By application, the airside segment is expected to lead the market during the forecast period
In the airside segment, the E-fence is expected to lead the market from 2019 to 2025, as it helps airports in securing their runways and terminal buildings. Airports are investing in perimeter security solutions for better surveillance and security of aircraft. Airside application also includes air traffic management and ground staff equipment management, which are aggressively incorporating smart technologies to optimize their processes. Ground handlers use wearables embedded with IoT devices to track and trace ground staff. These devices are also used to assign tasks according to their location. Also, by analyzing the various data sets gathered, the aviation industry can reduce operational costs on a larger scale.
The Middle East smart airports market is expected to witness the highest CAGR during the forecast period
The Middle East region consists of growing economies, which are expected to be open to testing and implementing smart solutions at their airports. Due to high passenger footfall in Middle Eastern countries, airports must upgrade their systems. In a major development, King Abdulaziz International Airport in Jeddah, Saudi Arabia, is undergoing major development with a budget of over USD 1.5 billion. Countries in this region are also expected to experience growth in the overall aviation sector, thereby encouraging them to implement new projects with IoT, AI, and big data technologies.
Key Benefits of Buying the Report:
- The report will provide market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall smart airport market and its subsegments.
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Key Topics Covered:
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Currency & Pricing
1.5 USD Exchange Rates, 2016-2018
1.6 Market Stakeholders
2 Research Methodology
2.1 Research Data
2.2 Research Approach and Methodology
2.3 Data Triangulation & Validation
2.4 Research Limitations
2.5 Research Assumptions
3 Executive Summary
4 Premium Insights
4.1 Smart Airports Market, 2019-2025
4.2 Smart Airports Market, By Application
4.3 Smart Airports Market, By Airport Size
4.4 Smart Airports Market, By Country
5 Market Overview
5.2 Market Dynamics
6 Industry Trends
6.2 Key Technology Vendors
6.3 Application Maturity Mapping
6.5 Emerging Trends
6.6 Use Cases: Smart Airport
6.7 Innovation & Patent Registrations, 2017-2020
7 Smart Airports Market, By System
7.2 Communication & Network Systems
7.3 Endpoint Devices
7.4 Data Storage
7.5 Software & Solutions
8 Smart Airports Market, By Application
8.3 Terminal Side
9 Smart Airports Market, By Airport Size
10 Smart Airports Market, By End Market
10.2.1 Capex Market of Smart Airports
10.3 Upgrades & Services
10.3.1 Opex of Smart Airports
11 Smart Airports Market, By Type
11.2 Airport 2.0
11.3 Airport 3.0
11.4 Airport 4.0
12 Smart Airports Market, By Operation
13 Regional Analysis
13.2 North America
13.4 Asia Pacific
13.5 Middle East
13.6 Latin America
14 Competitive Landscape
14.2 Competitive Analysis
14.3 Competitive Scenario
15 Company Profiles
15.1 Collins Aerospace
15.2 Siemens AG
15.3 Thales Group
15.4 Ascent Technologies
15.5 Daifuku Co., LTD.
15.7 Wipro Limited
15.9 Smart Airport Systems (SAS)
15.10 Infax, Inc.
15.11 IBM Corporation
15.12 Amadeus It Group Sa
15.13 Honeywell International Inc.
15.15 Cisco Systems, Inc.
15.16 Huawei Technologies Co., LTD.
15.17 Indra Sistemas S.A.
15.18 Sabre Corporation
15.19 L3harris Security & Detection Systems
15.20 NATS Limited
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