Smart Airports Market Size, Share, Analysis, Trends, Growth, 2032

Smart Airports Market Insights

Zion Market Research has published a report on the global Smart Airports Market, estimating its value at USD 1.69 Billion in 2023, with projections indicating that it will reach USD 2.45 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 4.2% over the forecast period 2024-2032. The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Smart Airports Market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

Request Free Sample

Smart Airports Market: Overview                                        

The smart airports market is expected to rapidly gain traction over the coming years, subject to escalation in the demand from travelers along with the massive requirement for real-time information from customers. With the customer-centric approach becoming the need of the moment,   the smart airport concept is fast gaining momentum across the globe. In addition, the massive popularity of value-added Security such as customer servicing, improving customer airport experience, and the need to enhance the operational efficiency of airports are a few of the key growth drivers of the smart airports market.

Request Free Sample

Smart Airports Market: COVID-19 Impact Analysis:

The lockdowns imposed by various countries to contain the spread of Covid-19 has impacted the global operations. However, COVID-19 had a positive impact on the market as the investments toward integration of advanced technologies such as self-service check-in kiosks, biometric kiosks, and touchless solutions, among others, have increased compared to the previous year. Furthermore, due to the decrease in passenger traffic at the airports, the airports could easily integrate and implement new advanced technologies. Various scenarios have been analyzed based on inputs from various secondary sources and the current data available about the situation.

Smart Airports Market: Growth Factors  

Global Smart Airport Market size is driven by the growth in the tourism industry coupled with the increased air travel by passengers all over the world for faster transportation and travel benefits. Also,  an unprecedented rise in the number of Smartphone users along with the necessity for accruing information about boarding, flights, and flight timings is projected to drive the expansion of the smart airports market in the years ahead. Furthermore, emerging economies are projected to create profitable growth avenues for the smart airports market as compared to developed nations with advanced infrastructural facilities.

Smart Airports Market: Report Scope

Segment Analysis Preview

The study provides a crucial view of the smart airport market by segmenting the market based on technology, landside, airside, terminal side, application, and regional segments. All the technology, landside, airside, terminal side, application, and regional segments of the smart airport market have been analyzed based on present and future trends.

In terms of technology, the segment includes security systems, communication systems, passenger, cargo & baggage handling control, air/ground traffic control, endpoint devices, and other technologies. 

The Airside segment holds air traffic management, resource management, aircraft parking, aircraft maintenance, and others. A terminal segment for the smart airport market is baggage handling, check-in systems, building operations, sustainable energy management.

Further, based on landside, the market for the smart airport is segmented into vehicular parking, security, intelligent advertising used for aeronautical and non-aeronautical operations. 

Request Free Sample

Regional Segment Analysis Preview

Regionally, Asia Pacific has been leading the worldwide smart airports market and is anticipated to continue on the dominant position in the years to come, states the smart airports market study.  Growing demand for upgrading airport Security and technologies such as security systems, communication systems, and baggage & cargo handling systems is the main factor behind the dominance of the Asia Pacific smart airports market. The immense rise in air traffic and humungous demand for commercial aircraft is another significant factor that is supporting the growth of this regional smart airports market. Reportedly, India, Japan, and China are the regional revenue pockets.

Request Free Sample

Smart Airports Market:  Competitive Landscape

The major participants in the smart airports market are

• Honeywell Corporation Inc
• Rockwell Collins Inc.
• SITA
• Siemens AG
• IBM Corporation
• Amadeus IT Group SA 
• among others.

These players have adopted strategies such as contracts, new product developments, and agreements to strengthen their position in the smart airports market.

The global Smart Airports market is segmented as follows:   

By Application

• Aeronautical Operations
• Non-aeronautical Operations

By Landside

• Vehicular Parking
• Security
• Intelligent advertising

By Terminal

• Baggage Handling
• Check-in Systems
• Building Operations
• Sustainable Energy Management

By Technology

• Security Systems
• Communication Systems
• Passenger, Cargo & Baggage Handling Control
• Air/Ground Traffic Control
• Endpoint Devices
• Other Technologies

By Airside

• Air Traffic Management
• Resource Management
• Aircraft Parking
• Aircraft Maintenance
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa