About Smart Airport
Smart airport refers to overall infrastructures and facilities, including endpoint devices, communication systems, cargo and baggage ground handling control, air traffic control, security system, and others. This helps the passengers to get better comfort and personal service which may sometimes be sacrificed for speed and efficiency, cost-effectiveness, and of course the security measures needed to protect from a new range of threats and danger
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Billion) |
CAGR | 10.7% |
Smart Airport market is a fragmented market due to the presence of various players. Companies are focusing on developing innovative products and solutions to improve quality, enhances and promotes performance. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that Global Manufacturers will contribute the maximum growth to Global Smart Airport market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Amadeus IT Group (Spain), Honeywell International (United States), IBM (United States), Siemens (Germany), Adelte (Spain), Ericsson AB (Sweden), AOptix (United States), Atos (France), Ascent Technology, Inc. (United States), Thales S.A. (France), Cisco System (United States), DSG Systems (United States), Raytheon Company (United States), EGate Solutions (United States) and GE (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are HIS (Japan), QinetiQ (United Kingdom), Sabre (United States), SITA (Switzerland), Ayonix (Japan) and Vanderlande Industries B.V. (The Netherlands).
Segmentation Overview
AMA Research has segmented the market of Global Smart Airport market by , Application (Aeronautical {Content Management System, Business Intelligence Solutions, Gate Management and Noise Monitoring} and Non Aeronautical { Real-Time Services, Intelligent Transport Services and Smart Supply Chain Management}) and Region.
On the basis of geography, the market of Smart Airport has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Landside, the sub-segment i.e. Security will boost the Smart Airport market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. Security System will boost the Smart Airport market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Terminal Side, the sub-segment i.e. Baggage Handling will boost the Smart Airport market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Airside, the sub-segment i.e. Air Traffic Management (ATM) will boost the Smart Airport market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Customer-Centric Approach and the Growing Use of Self-Service Technologies at the Airports, Increasing Trend of Personalized Services and Customized Services to Provide Advanced Solution to the End User
Market Growth Drivers:
Increased Concern for Safety and Improved Customer Service, Arrival of Smartphone-Based Airport Applications, Growing Demand for Automated Processes at Airports and Rising Support from Government for the Implementation of Advanced Solutions
Challenges:
Understanding Customer Preference
Restraints:
Difficulties in Data Collaboration
Opportunities:
Innovation and Implementation of Advanced Technologies at Airports and Fusion of Internet of Things (Iot) With Airport Services to Provide Advanced Customer Experiences
Market Leaders and their expansionary development strategies
In March 2022, Amadeus acquired Kambr, three-year-old start-up based in Minnesota, which provide revenue management solutions for airlines. This acquisition helped company to expand its presence in smart airport market
Rising growth of the aviation industry has dramatically evolved the business models and operations carried out at the airports. Airports are no longer just a venue of waiting and passing through to board the flights. They provide passengers the feel of being in the city with areas reserved for entertainment, gathering, and information portals. The evolving family of airports is witnessing a business drift from B2B to B2C, by exploiting the power of emerging and maturing technologies at its full extent.
The International Air Transport Association is a trade association of the world’s airlines which handles the safety & security and priorities the environment simplifying business and International Civil Aviation Organization is a specialized agency of the United Nations which codifies the principles and techniques of international air navigation and fosters the planning and development of international air transport to ensure safe and orderly growth
Key Target Audience
Airport Authorities, Airport Technology Vendors, Airport IT Solution Provider, Airline Operators and Airport Planners
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.