Smart Airports Market

Smart Airports Market Overview

Smart airports are the type of airports that are integrated with several technologies brought together by the Internet of Things and are digitally connected. The smart technologies, when implemented in the airports, help to offer a hassle-free experience to the passengers. Smart airports utilize cloud-based technologies in order to simplify and enhance services. The solutions that are adopted by smart airports include beacon technology, IP-based security monitoring, face recognition systems, smart gates, among others.

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Major Smart Airports Market Drivers

The factors responsible for fuelling the growth of the global smart airports market include the several ongoing developments in the consumer technology which are leading to a rise in the expectations of the passengers for accessing the information in real-time and personalized services along with the growing competition across the airline sector to create a push on the airports to be more responsive to meet the varying needs of the airline passengers. Moreover, the increasing penetration of advanced and enhanced technologies for connectivity and the growing utilization of self-service technologies at airports are further surging the demand for smart airports market over the coming years. Various government initiatives and plans for the development of the airports having cutting edge technologies in order to offer seamless and secure travel to the air passengers globally will surge the demand for smart airports during the forecast period. Moreover, the rising investments by several companies in the IT and digital technologies to offer value-added services to the customers along with the several benefits associated with smart airports such as enhanced traveler experience, financial benefits due to the increased efficiencies and new revenue streams, will directly accelerate the demand of the market.

The shifting trends for the development of intelligent, local-based services for reducing the delays, providing trusted travel advice along with the emerging trend for the better treatment depending on the passenger segmentation is boosting the demand for the smart airports. The factors hampering the growth of the global smart airports market include the privacy concerns related to the personal data and issues related to data collaboration.

For instance, the government in Canada collaborated with World Economic Forum and its partners for testing the emerging technologies by launching the Known Traveller Digital Identity prototype to detect if they enable to enhance the security and whole process of the legitimate air travelers.

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Based on the application, the airside segment is expected to grow at a higher CAGR over the forecast period owing to the increasing implementation of smart solutions in the airside applications and growing expansion in the airside operations by the airports as a result of the increasing number of services offered such as geolocation and in-wallet scanning.

Based on the airport size, the medium segment is anticipated to increase at a higher CAGR during the forecast period owing to the increasing number of passengers in the medium-sized airports and the large presence of medium-sized airports all across the world. The rising demand from these airports to implement smart systems to reduce the wait time of the passengers is also a key factor fuelling the market growth of this segment.

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Regional – Segment Analysis

Based on the region, North America is anticipated to dominate the market during the forecast period owing to the presence of several airports inclining towards modernization along with the presence of major smart solutions manufacturing giants in this region. In addition to this, the high adoption of technological advancements to enhance the existing solutions of the airports is leading to a growth in the implementation of technologies such as IoT and AI. The combination of these factors  is driving the market growth in this region.

Top Market Players

Various notable players operating in the market include Siemens AG, Collins Aerospace, Ascent Technologies, Thales Group, T-Systems, Daifuku Co., Ltd., Zensors, Wipro Limited, IBM Corporation, and Honeywell International Inc., among others.

Key Developments: 

• • In 2019, Siemens AG collaborated with Catania Airport. Through this collaboration, the company is responsible for providing integrated building automation projects in order to enhance the security levels and monitor the total energy consumption at the hub.
  • In 2019, Thales Group acquired Gemalto, with an aim to integrate the technologies of Gemalto and develop secure solutions to meet the major challenges faced, such as data & network cybersecurity, unmanned air traffic management, and airport security.

Segments covered in the Report:

The global smart airports market has been segmented on the basis of system, application, airport size, end market, type, operation, and region. Based on the system, the market is segmented into data storage, communication & network systems, endpoint devices, and software & solutions. The data storage segment is further categorized into on-premise and cloud. The communication & network systems segment is further segmented into near field communication, RFID, Bluetooth, wireless, and Lpwan & Wlan. The endpoint devices segment is further segmented into tags, sensors, cameras, displays, and wearables. The software & solutions segment is further segmented into software & applications, platforms, data analytics, and managed services. Based on the application, the market is segmented into the terminal side, landside and airside. The terminal side segment is further segmented into cargo & baggage handling, passenger screening, digital video surveillance & management (DVM), passenger experience, payment & tokenization, building management, and staff & crew management. The landside market is further segmented into intelligent advertising, car rental & mass transit and vehicular parking. The airside market is further segmented into aircraft maintenance, air traffic management, ground support equipment management, aircraft turnaround management, e-fence, advanced visual docking guidance system (A-VDGS), and noise monitoring. Based on the airport size, the market is segmented into small, medium, and large. Based on the end market, the market is segmented into implementation and upgrades & services. Based on the type, the market is segmented into airport 2.0, airport 3.0, and airport 4.0. Based on the operation, the market is segmented into aeronautical and non-aeronautical.

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Key questions answered in this research report:

• • At what pace is the global smart airports market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in the global smart airports market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global smart airports market?
  • Which type of airport generated maximum revenues in 2019 and identify the most promising type of airport during the forecast period?
  • What are the various application areas in the smart airports market, and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By System, By Application, By Airport Size, By End Market, By Type, By Operation, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Siemens AG, Collins Aerospace, Ascent Technologies, Thales Group, T-Systems, Daifuku Co., Ltd., Zensors, Wipro Limited, IBM Corporation, and Honeywell International Inc., among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Smart Airports Market 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

Global Smart Airports Market 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

Global Smart Airports Market by Airport Size

• • Small
  • Medium
  • Large

Global Smart Airports Market by End Market

• • Implementation
  • Upgrades & Services

Global Smart Airports Market by Type

• • Airport 2.0
  • Airport 3.0
  • Airport 4.0

Global Smart Airports Market by Operation

• • Aeronautical
  • Non-Aeronautical

Global Smart Airports Market by Region

• • North America Smart Airports Market (Option 1: As a part of the free 25% customization)

    • North America Smart Airports Market by System
    • North America Smart Airports Market by Application
    • North America Smart Airports Market by Airport Size
    • North America Smart Airports Market by End Market
    • North America Smart Airports Market by Type
    • North America Smart Airports Market by Operation
    • US Smart Airports Market All-Up
    • Canada Smart Airports Market All-Up

  • Europe Smart Airports Market (Option 2: As a part of the free 25% Customization)

    • Europe Smart Airports Market by System
    • Europe Smart Airports Market by Application
    • Europe Smart Airports Market by Airport Size
    • Europe Smart Airports Market by End Market
    • Europe Smart Airports Market by Type
    • Europe Smart Airports Market by Operation
    • UK Smart Airports Market All-Up
    • Germany Smart Airports Market All-Up
    • France Smart Airports Market All-Up
    • Spain Smart Airports Market All-Up
    • Rest of Europe Smart Airports Market All-Up

  • Asia-Pacific Smart Airports Market (Option 3: As a part of the free 25% Customization)

    • Asia-Pacific Smart Airports Market by System
    • Asia-Pacific Smart Airports Market by Application
    • Asia-Pacific Smart Airports Market by Airport Size
    • Asia-Pacific Smart Airports Market by End Market
    • Asia-Pacific Smart Airports Market by Type
    • Asia-Pacific Smart Airports Market by Operation
    • China Smart Airports Market All-Up
    • India Smart Airports Market All-Up
    • Japan Smart Airports Market All-Up
    • Rest of APAC Smart Airports Market All-Up

  • RoW Smart Airports Market (Option 4: As a part of the free 25% Customization)

    • RoW Smart Airports Market by System
    • RoW Smart Airports Market by Application
    • RoW Smart Airports Market by Airport Size
    • RoW Smart Airports Market by End Market
    • RoW Smart Airports Market by Type
    • RoW Smart Airports Market by Operation
    • Brazil Smart Airports Market All-Up
    • South Africa Smart Airports Market All-Up
    • Saudi Arabia Smart Airports Market All-Up
    • UAE Smart Airports Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Smart Airports Market All-Up

Global Smart Airports Leading Market Players (Option 5: As a part of the free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Siemens AG
  • Collins Aerospace
  • Ascent Technologies
  • Thales Group
  • T-Systems
  • Daifuku Co., Ltd.
  • Zensors
  • Wipro Limited
  • IBM Corporation
  • Honeywell International Inc.