Smart Airport Industry 2019
The global smart airport market is estimated to reach USD 31.10 billion by 2026 growing at a CAGR of 11.2% during the forecast period. The report ‘Smart Airport Market Share, Size, Trends, & Industry Analysis Report, By Component (Hardware, Software, Services); By Infrastructure; By Solution (Terminal Side, Air Side, Landside); By Application; By Region: Segment Forecast, 2018 – 2026’ provides an extensive analysis of present market dynamics and predicted future trends. In 2017, the hardware segment dominated the global market, in terms of revenue. In 2017, North America accounted for the majority share in the global market.
The growing implementation of self-service kiosks at airports along with increasing costs associated with high energy use increases the demand for smart airport solutions. The increasing penetration of mobile and smart devices, along with government regulations regarding energy use and emissions support the market growth.
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The rising adoption of Internet of Things, and increasing security concerns boosts the adoption of smart airport solutions. Other factors driving the market growth include increasing need to offer personalized services to travelers, rising demand for real-time information, and growing need to simplify and enhance user experience. New emerging markets, technological advancements, modernization of old airports, and increasing awareness among consumers regarding efficient energy use would provide growth opportunities for market in the coming years.
Smart airport solutions provide high resolution imaging and advanced data processing for facial recognition, offering improved flow management and security processing. It also offers personalized wayfinding to guide travelers through terminals, and provides accurate timings at each stage. Smart airport solutions manage predictive and real time passenger flow systems to minimize queuing for security and immigration.
Security search use non-intrusive, on-the-move facial recognition and bag scanning, risk-based analytics, and identification of high-risk travelers. Real time data from transport systems enables adaption of flight schedules, and provide connected, automated travel options offering seamless, reliable public transport options.
In 2018, North America accounted for the highest share in the global market. The primary factors driving the market growth in the region include established telecommunication industry and cloud infrastructure, rising penetration of mobile devices, technological advancements, and high investment in R&D. The introduction of favorable government regulations regarding energy usage and emissions, and rising awareness regarding use of energy efficient equipment boost the market in North America. The increasing concerns regarding safety, growing air traffic, modernization of old airports, and growing adoption of connected devices and IoT further increase the demand of Smart Airport solutions in the region.
The well-known companies profiled in the smart airport market report include Siemens AG, Rockwell Collins, Inc., Thales Group, IBM Corporation, Cisco Systems, Inc., International Business Machines Corporation, T Systems International GmbH, Amadeus IT Group SA, Honeywell International Inc., and Indra Siestma S.A. These companies launch new products and collaborate with other market leaders in the smart airport industry to innovate and launch new products to meet the increasing needs and requirements of consumers.
Smart Airport component Outlook (Revenue, USD Billion, 2015 – 2026)
Smart Airport infrastructure Outlook (Revenue, USD Billion, 2015 – 2026)
Air/Ground Traffic Control
Cargo & Baggage Ground Handling Control
Smart Airport solution Outlook (Revenue, USD Billion, 2015 – 2026)
Smart Airport Application Outlook (Revenue, USD Billion, 2015 – 2026)
Smart Airport Regional Outlook (Revenue, USD Billion, 2015 – 2026)
Rest of Europe
Rest of Asia-Pacific
Rest of LATAM
Middle East & Africa
Rest of MEA
Table Of Contents – Major Key Points
1. Overview and Scope
1.1. Research goal & scope
1.2. Research assumptions
1.3. Research Methodology
1.3.1. Primary data sources
1.3.2. Secondary data sources
1.4. Key take-away
2. Executive Summary
2.1. Market Definition
2.2. Market Segmentation
3. Smart Airport Market Insights
3.1. Smart Airport – Industry snapshot
3.2. Smart Airport – Ecosystem analysis
3.3. Smart Airport Market Dynamics
3.3.1. Smart Airport – Market Forces
126.96.36.199. Smart Airport Market Driver Analysis
188.8.131.52. Smart Airport Market Restraint/Challenges analysis
184.108.40.206. Smart Airport Market Opportunity Analysis
3.4. Industry analysis – Porter’s five force
3.4.1. Bargaining power of supplier
3.4.2. Bargaining power of buyer
3.4.3. Threat of substitute
3.4.4. Threat of new entrant
3.4.5. Degree of competition
3.5. Smart Airport Market PEST Analysis
3.6. Smart Airport Market Value Chain Analysis
3.7. Smart Airport Industry Trends
3.8. Competitive Ranking Analysis
4. Smart Airport Market Size and Forecast, 2018-2026 by Component
4.1. Key Findings
5. Smart Airport Market Size and Forecast, 2018-2026 by Infrastructure
5.1. Key Findings
5.2. Communication Systems
5.3. Air/Ground Traffic Control
5.4. Security Systems
5.6. Cargo & Baggage Ground Handling Control
5.7. Endpoint Devices
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