Key Trends in the Market
A smart airport is defined as a type of airport having a centralised digital system. Smart airports use internet of things (IoT) to facilitate flexible, personalised, and convenient travel for the passengers. The interconnected digital systems of smart airports, such as sensors and software solutions, boost operational efficiency, security, and overall productivity of the airports.- The global smart airport market growth is being propelled by the increasing penetration of artificial intelligence (AI) and data science technology, bolstering the operational efficiency of airports to save time of the passengers.
- Rapid digitalisation across airports, along with an increasing adoption of high-end electronic devices are further fuelling the market growth. These devices are used to boost the airport safety, airplane maintenance, revenue management, facilitate feedback analysis, automate messaging and checking, and improve the crew management.
- Increasing number of tourists and business travellers across airports is leading to a heightened demand for smart technology in the airports to cope with the high-quality service needs of the passengers. Moreover, the thriving travel and tourism sector coupled with the increasing standards of living, is expected to accelerate the growth of global smart airport market.
Market Segmentation
The report titled “Smart Airport Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:Market Breakup by System
- Communication and Network Systems
- Endpoint Devices
- Data Storage
- Software and Solutions
Market Breakup by Application
- Airside
- Landside
- Terminal Side
Market Breakup by Airport Operation
- Aeronautical
- Non-aeronautica
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Smart Airport Market Share by System
The communication and network systems segment, based on system, holds a significant share in the market for smart airports. The increasing footfall in domestic and international airports is fuelling the demand for advanced interconnected communication and network systems to enhance the coordination between airport staff. Smart electronic communication systems offering real-time tracking capabilities are gaining traction in airports.Over the forecast period, the changing shift from traditional communication systems such as walkie-talkie, towards advanced communication systems providing video calling, all-voice, and MCPTT services, is further propelling the segment’s growth. Meanwhile, the growing adoption of end-point devices such as desktop computers, laptops, and virtual machines, among others, is expected to provide impetus to the smart airport market.
Market Share by Application
Based on application, the terminal side segments is witnessing a steady growth in the market. Digital technology and smart electronic devices in airports are ensuring efficient movement of passengers through the terminals. Machines are fast, reliable, and come with a low chance of error as compared to human airport staff. In addition, the increasing application of digital signage, interactive kiosks, and intelligent self-service technologies in the terminal side of smart airports is fuelling this segment’s growth. Furthermore, the penetration of advanced technologies in terminals, such as biometric recognition, measurement of passenger flow, real-time asset tracking, and connected retail are extremely time saving which are aiding the global smart airport market.Competitive Landscape
The comprehensive report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global smart airport market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.Ascent Technology, Inc.
Ascent Technology, Inc. is a leading resource optimisation and management company which was founded in 1996 and is currently headquartered in Massachusetts, United States. Ascent Technology, Inc. provides end-to-end consulting and support services which are cost-effective. The company caters to the needs of airlines, airports, casinos, defence, hotels, and hospitals, among others.Honeywell International Inc.
Honeywell International Inc. is a multinational conglomerate company founded in the year 1906 and is currently headquartered in North Carolina, United States. Honeywell International Inc. provides high-end technological services to various industries including aerospace and building and construction. This company also provides safety and productivity solutions to various end users.Huawei Technologies Co., Ltd.
Huawei Technologies Co., Ltd., based in Shenzhen, China, is one of the world’s largest telecommunication equipment manufacturers. It was founded in the year 1987 and currently specialises in the designing, development, production, and sales of equipment for telecommunications, smart devices, and consumer electronics. It is known for its wide range of high-end smart electronic products such as smartphones, smart watches, and routers, etc.Other market players include THALES group, and IBM Corporation, among others.
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Companies Mentioned
- Ascent Technology, Inc.
- Honeywell International Inc.
- Huawei Technologies Co., Ltd.