Smart Airports Market
The Smart Airports Market is estimated to expand at a robust CAGR over the forecast period (2020-2027).
The factors driving the growth of Smart Airports Market includes increasing air passenger traffic, rapid growth in the aviation sector, emerging demand for improving the customer services and overall security of the airport and establishment of smart parking facilities in the airports. According to the report published by Finances Online, the total number of flights booked worldwide have significantly increased from 16.4 million in 2020 to 22.2 million in 2021, which is expected to boost the Smart Airports Market size in the approaching years. Moreover, the adoption of advanced technologies such as Artificial Intelligence (AI), cloud computing, Internet of Things (IoT) and Machine Learning, increasing use of biometrics in the airports and rising investments by government for upgrading the airport infrastructure, are some of the additional factors supplementing the market growth. As per Money Control, the Airport Authority of India is going to spend around INR 25,000 crore for constructing new terminals, improving the Airport Navigation Services (ANS) infrastructure and expanding the existing runway, which will further boost the market growth in Inida.
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However, the growth of Smart Airports Market is hindered due to insufficient availability of skilled workforce.
The major players operating in the market are Zensors, Wipro Limited, IBM Corporation, Collins Aerospace, Ascent Technologies, Thales Group, T-Systems, Honeywell International Inc., Siemens AG, and Daifuku Co., Ltd., among others.
Application: Segment analysis
Based on Application, the airside segment is predicted to expand at a remarkable CAGR during the forecast period attributed to growing demand for services such as geolocation and in-wallet scanning.
Airport Size: Segment Analysis
Based on Airport Size, the medium segment estimated to grow at a significant CAGR over the forecast period. The rise in the air passenger traffic across the globe and growing adoption of smart systems in the medium sized airports which will helps in reducing the time, are some of the key factors augmenting the growth of the segment.
Regional: Segment Analysis
Based on region, the North American region is projected to capture the largest market share during the forecast period. The modernization of the airport infrastructure, presence of the leading manufacturers, adoption of advanced technologies, high per capita incomes and improved living standards, are some of the factors influencing the market growth in North America.
Market Segmentation
Segmentation by System
Data Storage
On-Premise
Cloud
Communication & Network Systems
Near Field Communication, RFID, Bluetooth
Wireless
Lpwan & Wlan
Endpoint Devices
Tags
Sensors
Cameras
Displays
Wearables
Software & Solutions
Software & Applications
Platforms
Data Analytics
Managed Services
Segmentation by Application
Terminal Side
Cargo & Baggage Handling
Passenger Screening
Digital Video Surveillance & management (DVM)
Passenger Experience
Payment & Tokenization
Building Management
Staff & Crew Management
Landside
Intelligent Advertising
Car Rental & Mass Transit
Vehicular Parking
Airside
Aircraft Maintenance
Air Traffic Management
Ground Support Equipment Management
Aircraft Turnaround Management
E-Fence
Advanced Visual Docking Guidance System (A-VDGS)
Noise Monitoring
Segmentation by Airport Size
Small
Medium
Large
Segmentation by End Market
Implementation
Upgrades & Services
Segmentation by Type
Airport 2.0
Airport 3.0
Airport 4.0
Segmentation by Operation
Aeronautical
Non-Aeronautical
Segmentation by Region
Asia Pacific
China
Japan
India
Rest of APAC
North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
RoW
Brazil
South Africa
Saudi Arabia
UAE
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