Industry Background:
Smart airport construction is used to generate an integrated system as well as a unified and ready-to-use digital platform for airports to become intelligent and informed. Smart Airport construction includes various factors such as systems and processes digitally aware, interconnected, infused with intelligence, and easily accessible by users. Smart airport construction is an important part of the smart city.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | Asia-Pacific |
Unit | Value (USD Billion) |
Key Companies Profiled | AECOM (United States), Bechtel (United States), CH2M Hill (United States), Fluor Corporation (United States), TAV Construction (Turkey), Amadeus IT Group (Spain), Balfour Beatty (United Kingdom), Cisco Systems (United States), Crossland Construction Company, Inc. (United States), Gilbane Building Company (United States) and GMR Group (India) |
CAGR | % |
This growth is primarily driven by Growing Need for Automation at Public Airports with Changing Consumer Preferences and Increasing Air Traffic across the Globe.
Globally, a noticeable market trend is evident Adoption of Cloud Infrastructure in Airport Construction
. The Airport Services sector in the United States region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as AECOM (United States), Bechtel (United States), CH2M Hill (United States), Fluor Corporation (United States), TAV Construction (Turkey), Amadeus IT Group (Spain), Balfour Beatty (United Kingdom), Cisco Systems (United States), Crossland Construction Company, Inc. (United States), Gilbane Building Company (United States) and GMR Group (India) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
On August 23rd, 2018, an integrated global infrastructure firm ‘AECOM’ has been awarded an “Indefinite-Delivery/Indefinite-Quantity (IDIQ) Research and Development Contract” by the United States Department of Defense (DoD) Information Analysis Center (IAC) for the Defense Technical Information Center (DTIC). The contract is being awarded through AECOM’s subsidiary named ‘URS Federal Services International, Inc.’.
Regulatory Insights:
IATA Resolution 753 on baggage tracking which is intended to encourage airlines to further reduce mishandling by implementing cross-industry tracking for every baggage journey. This Resolution 753 became effective on 1st June 2018 which was initially requested by airline members and approved by the Joint Passenger Services Conference (JPSC) in 2013 allowing enough time for implementation.
Market Drivers
- Growing Need for Automation at Public Airports with Changing Consumer Preferences
- Increasing Air Traffic across the Globe
Market Trend
- Adoption of Cloud Infrastructure in Airport Construction
- Introduction to Smart Baggage Drop Solutions
Restraints
- Enormous Operational Cost Required for Smart Airport Constructions
- Lack of Government Funds in Underdeveloped Countries
Opportunities
Adoption of Artificial Intelligence and Robotics at Smart Airports
Challenges
Complexities in Transforming Live Airports and Surging Uncertainties in Construction Industry
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Smart Airport Construction Study Sheds Light on
The Smart Airport Construction Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Smart Airport Construction industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Smart Airport Construction industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.