Global Smart Airport Market Analysis and Forecast 2019-2028
$2,800.00 – $5,440.00
Increased air passenger traffic, demand for enhanced passenger experience, and advances in technology are fueling the market
The global smart airport market is expected to witness a robust growth rate of more than 3.5% during the forecast period of 2023-2028 and is expected to reach US$ 8.4 billion by the end of 2028.
In addition, passengers’ needs are changing under the global connectivity boost within the travelers population. This over-connectivity, caused the traveler to change his attitude during his travel, to look for a seamless travel journey, and to ask but it is also linked to the quality of the in-terminal experience that the airport is able to provide.
Moreover, the passengers demand for a personalized experience, and an airport must adapt the passenger’s merchandizing strategy and propose the right service for the right passenger at the right moment. These three conditions should all meet in order to maximize the value created by a passenger and provide a holistic travel experience.
Growing need for real-time information coupled with the penetration of digitization is expected to contribute to the growth of the global smart airport market
Air travel demand has grown significantly in recent years and is expected to continue to grow in the future years. When addressing the optimization of passenger flows and operations, Smart Airports and “Smart” urban stations (such as train stations) utilize similar connected technologies and have some other similarities in their operations.
When integrated together, the connected technologies used at smart airports enable seamless, faster and accurate processing. This can improve the airport experience for passengers and airport and airline staff. In addition, the data collected concerning the current condition of airport facilities, such as cleanliness and amenity availability, can be used to notify staff of issues so that they can respond in a timely manner. All these features of smart airport are anticipated to increase the smart technologies are anticipated to increase its adoption in developed cities.
These technologies also help airport operators to better manage air traffic control and aircraft movements on the ground through GPS data as this data enables the efficient operation of newly integrated technologies such as autonomous robots sent to perform maintenance activities on aircraft.
Moreover, Internet of Things (IoT) devices and sensor technology can collect data on the current condition of planes. This can enable better accuracy in maintenance work as well as better managed maintenance and thus the safety of the plane is improved.
In addition, the long-term development of Smart Airports may include the use of more autonomous solutions, thus increasing and optimizing airport hours of operations and enhancing safety. Activities such as delivering baggage, fuelling planes, traffic control, immigration and security processes, and clearing debris will continue to be performed with increasing autonomy.
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Asia Pacific acquires the majority market share, contributing to the growth of the global smart airport market
The Asia-Pacific region is anticipated to experience significant growth due to robust investments in constructing new airports and expanding existing airports across the region. Over the past few years, there has been a rapid increase in passenger traffic handled by airports in countries like China, India, Japan, and South Korea, among others. Due to this, the government and airport authorities in the region have announced significant investments in the construction and expansion of airports.
- For instance, in April 2022, the Ministry of Land, Infrastructure, and Transport of South Korea announced its plans to invest KRW 13.7 trillion (USD 10.97 billion) in constructing a new airport on Gadeok Island.
- Similarly, in February 2022, Adani Airport Holdings, a subsidiary of the Adani Group and the Airports Authority of India, started the construction of an airport in Navi Mumbai, Maharashtra, India, for US$ 2.3 billion.
- The new airport would be one of the world’s few “”greenfield”” international state-of-the-art airports, contributing world-class facilities. It will have the capacity to handle 60 million passengers a year by 2030 when it reaches full capacity.
Furthermore, to efficiently operate the airports and provide uninterrupted services to the passengers, the regional airports have also integrated smart airport solutions. The planned investments in passenger and baggage handling systems are expected to propel the growth of this segment in the future. Such modernization of airport infrastructure with smart airport solutions is expected to accelerate market growth in this region during the forecast period.
In other regions like North America, Europe, and Middle East & Africa, the smart airport market is expected to grow at a significant rate in the upcoming years. However, aviation is a highly regulated industry and many regions might face difficulties in inculcating the use of new technology in aviation.
Market Structure and Competitive Landscape
The global smart airport market is fragmented in nature with various players operating in the market, some of the prominent players that contribute significantly to the global smart airport market include Amadeus IT Group SA, Ascent Technology, Cisco Systems Inc., Honeywell International Inc., Huawei Technologies Co. Ltd., Siemens AG, WIPRO Ltd, Raytheon Technologies Corporation, Daifuku Co. Ltd., Sabre Corporation, IBM Corporation, Leidos Holdings, Inc, INDRA SISTEMAS S.A., INFAX Inc., Zensors, Emartech, TAV Technologies, T-Systems International GmbH, L3Harris Technologies, Inc, NATS Holdings Limited, SITA, and Smart Airport Systems (SAS) among others.
These players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the smart airport market. Mergers and Acquisitions, Partnerships, and collaborations are some of the strategies followed by industry players. Some of the key developments in the global smart airports market include:
- In February 2023, the Aviation Security Service (AvSec) of New Zealand awarded a contract to Smiths Detection, a leader in threat detection and security inspection technologies, to provide cutting-edge checkpoint security technology for its five main international airports: Auckland, Christchurch, Dunedin, Queenstown, and Wellington.
- In June 2022, Fiumicino Airport in Italy announced the development of a virtuous baggage handling system that includes baggage sorting systems and hold baggage systems (HBS) for X-ray control of 100% of the baggage on departure.
- In June 2022, Société Internationale de Télécommunications Aéronautiques (SITA) announced its partnership with Alstef Group to launch Swift Drop, a new self-bag drop solution. This is expected to significantly reduce passengers’ time to check bags at the airports. Mexico City’s brand-new Felipe Ángeles International Airport opened in late March and has become the first airport globally to install 20 Swift Drop units.
Key Market Segmentation
RationalStat has segmented the global smart airport market on the basis of system, airport size, operation, airport technology, application, and region.
- By System
- By Airport Size
- Large
- Medium
- Small
- By Operation
- Aeronautical
- Content Management
- Business Intelligence
- Real-Time Services
- Supply Chain Management
- Non-Aeronautical
- Real-Time Services
- Business Intelligence
- Intelligent Transport Services
- Inventory Management
- Fee Management
- Resource Management
- Aeronautical
- By Airport Technology
- Airport 2.0
- Airport 3.0
- Airport 4.0
- By Application
- Landside
- Intelligent Advertising
- Vehicle Parking
- Car Rental & Mass Transit
- Terminal Side
- Building Management
- Passenger Screening
- Passenger Experience
- Staff & Crew Management
- Behavioral Analytics
- Cargo & Baggage Handling
- Health Monitoring Systems
- Payment & Tokenization
- Air Side
- E-Fence
- Ground Support Equipment Management
- Aircraft Maintenance
- Air Traffic Management
- Noise Monitoring
- Aircraft Turnaround Management
- Advanced Visual Docking Guidance System (A-VDGS)
- Landside
- By Region
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific
- Middle East & Africa
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Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
- Defining the problem by understanding the type of market and data required by the client.
- Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
- Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
- Evaluating and analyzing the data by referring to data sources utilized and leveraged.
- Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
Secondary Sources
- Annual reports, company filings, investor presentations, product catalogs, and company documents
- Industry and market-related documents available in the public domain
- Paid database including Bloomberg, Factiva, S&P Capital IQ, FactSet, Refinitiv Eikon, ICIS, EUWID, and Thomson Reuters, among others
- Whitepapers, research papers, and industry blogs.
Why Buy this Report?
The report is intended for global smart airport market manufacturers and suppliers, government organizations, educational organizations, regulatory agencies, and market research firms, among others. The report provides an in-depth analysis of market size, consumption patterns, ongoing market trends and challenges, and future market opportunities. The report will serve as a source for a 360-degree analysis of the market thoroughly delivering insights to clients to find the right answers to their business questions.
Frequently Asked Questions (FAQs)
The global smart airport market is expected to grow at a CAGR of approximately 16.2% during the forecast period 2022-2028.
The global smart airport market was estimated at a market value of US$ 2.1 Billion in 2022.
Rapid rise in the adoption of digitization is one of the key trends in the global smart airport market.
Asia Pacific is the leading region in the global smart airport market.
Major companies operating in the global smart airport market include Amadeus IT Group SA, Ascent Technology, Cisco Systems Inc., Honeywell International Inc., Huawei Technologies Co. Ltd., Siemens AG, WIPRO Ltd, Raytheon Technologies Corporation, Daifuku Co. Ltd., Sabre Corporation, IBM Corporation, Leidos Holdings, Inc, INDRA SISTEMAS S.A., INFAX Inc., Zensors, Emartech, TAV Technologies, T-Systems International GmbH, L3Harris Technologies, Inc, NATS Holdings Limited, SITA, and Smart Airport Systems (SAS), among others.
| ADDITIONAL FEATURE | 24×7 Post sales support and 15% free customization |
|---|---|
| REGION | Global |
| RELEASE YEAR | 2023 |
| RESEARCH CODE | RST-SAR-2420 |
| User License | Single User/Team License, Corporate License |
Table of Contents
1. Market Introduction
1.1. Scope of Study
1.2. Problem Statement
1.3. Market Segmentation
2. Assumptions and Acronyms
3. Executive Summary
3.1. Global Market in 2022
3.2. Analyst Insights & Recommendations
3.3. Growth Opportunities and Key Strategies
3.4. Supply-side and Demand-side Trends
4. Research Methodology
5. Impact of Supply Chain Issues and Road Ahead
6. Market Indicators and Background
6.1. Macro-Economic Factors
6.2. Forecasting Factors
6.3. Supply Chain & Value Chain Analysis
6.4. Industry SWOT Analysis
6.5. PESTLE Analysis
6.6. Porter’s Five Forces Analysis
7. Government Laws and Industry Regulations
8. Global and Regional Market Dynamics
8.1. Drivers
8.2. Restraints
8.3. Trends
8.4. Opportunities
9. Global Smart Airport Market: Technology Assessment
Robust assessment of key technologies incorporated in making of various types of Smart Airports that are commercialized in the marketplace
10. Global Smart Airport Market: Investment Assessment
10.1.By Key Players
10.2.By Region
10.3.By Type
10.4.M&A Activities
11. Leading Airlines Data
11.1.Fleet Size
11.2.Plans for Fleet and Geography Expansion
12. New Airport across Key Countries
13. Upcoming Airport and Relevant Infrastructural Projects in Key Countries (2021A-2028F)
13.1.Main Bidders
13.2.Project Size (US$)
13.3.Entities and Stakeholders Involved
13.3.1. Private
13.3.2. Public
13.3.3. Public-Private Partnership (PPC Model)
14. Passenger Traffic Overview from Major Airports by Key Countries
14.1.Domestic
14.2.International
15. Overview of New Technologies used in Smart Airports
15.2.Data Visualization
15.3.Anomaly Detection
15.4.Cyber Security
15.5.Asset/Resource Management
15.6.Others
16. Analysis of Risks and Mitigations
16.1.Implementation Risk
16.2.Social Risk
16.3.Safet & Cybersecurity Risk
16.4.Environmental Risk
17. Parent Market Overview: Global Aerospace, Defense & Security market in terms of Value (US$ Million)
18. Segmental Analysis
18.1.Global Smart Airport Market by System in Terms of Value (US$ Million) and Market Share (%)
18.1.1. Segment Overview
18.1.1.1. Communication & Connectivity
18.1.1.1.1. Wireless
18.1.1.1.2. Near-Field Communication
18.1.1.1.2.1. RFID
18.1.1.1.2.2. Bluetooth
18.1.1.1.3. LPWAN
18.1.1.1.4. WLAN
18.1.1.2. End Point Devices
18.1.1.2.1. Cameras
18.1.1.2.2. Sensors
18.1.1.2.3. Displays
18.1.1.2.4. Tags
18.1.1.2.5. Wearables
18.1.1.2.6. Beacons
18.1.1.3. Data Storage
18.1.1.3.1. Cloud
18.1.1.3.2. On-Premises
18.1.1.4. Software & Solutions
18.1.1.4.1. Software & Applications
18.1.1.4.2. Data Analytics
18.1.1.4.3. Platforms
18.1.1.4.4. Managed Services
18.2.Global Smart Airport Market by Airport Size in Terms of Value (US$ Million) and Market Share (%)
18.2.1. Segment Overview
18.2.1.1. Large
18.2.1.2. Medium
18.2.1.3. Small
18.3.Global Smart Airport Market by Operation in Terms of Value (US$ Million) and Market Share (%)
18.3.1. Segment Overview
18.3.1.1. Aeronautical
18.3.1.1.1. Content Management
18.3.1.1.2. Business Intelligence
18.3.1.1.3. Real-Time Services
18.3.1.1.4. Supply Chain Management
18.3.1.2. Non-Aeronautical
18.3.1.2.1. Real-Time Services
18.3.1.2.2. Business Intelligence
18.3.1.2.3. Intelligent Transport Services
18.3.1.2.4. Inventory Management
18.3.1.2.5. Fee Management
18.3.1.2.6. Resource Management
18.4.Global Smart Airport Market by Airport Technology in Terms of Value (US$ Million) and Market Share (%)
18.4.1. Segment Overview
18.4.1.2. Airport 3.0
18.4.1.3. Airport 4.0
18.5.Global Smart Airport Market by Application in Terms of Value (US$ Million) and Market Share (%)
18.5.1. Segment Overview
18.5.1.1.1. Intelligent Advertising
18.5.1.1.2. Vehicle Parking
18.5.1.1.3. Car Rental & Mass Transit
18.5.1.2. Terminal Side
18.5.1.2.1. Building Management
18.5.1.2.2. Passenger Screening
18.5.1.2.3. Passenger Experience
18.5.1.2.4. Staff & Crew Management
18.5.1.2.5. Behavioral Analytics
18.5.1.2.6. Cargo & Baggage Handling
18.5.1.2.7. Health Monitoring Systems
18.5.1.2.8. Payment & Tokenization
18.5.1.3. Air Side
18.5.1.3.1. E-Fence
18.5.1.3.2. Ground Support Equipment Management
18.5.1.3.3. Aircraft Maintenance
18.5.1.3.4. Air Traffic Management
18.5.1.3.5. Noise Monitoring
18.5.1.3.6. Aircraft Turnaround Management
18.5.1.3.7. Advanced Visual Docking Guidance System (A-VDGS)
18.6.Global Smart Airport Market by Region in Terms of Value (US$ Million) and Market Share (%)
18.6.1. North America
18.6.2. Latin America
18.6.3. Western Europe
18.6.4. Eastern Europe
18.6.5. Asia Pacific
18.6.6. Middle East & Africa
19. Regional Analysis
19.1.North America Smart Airport Market Analysis and Forecast 2019-2028
19.1.1. Regional Market Overview and Key Takeaways
19.1.2. North America Smart Airport Market by Systems
19.1.3. North America Smart Airport Market by Airport Size
19.1.4. North America Smart Airport Market by Operation
19.1.5. North America Smart Airport Market by Airport Technology
19.1.6. North America Smart Airport Market by Application
19.1.7. North America Smart Airport Market by Country
19.1.7.1. US
19.2.Latin America Smart Airport Market Analysis and Forecast 2019-2028
19.2.1. Regional Market Overview and Key Takeaways
19.2.2. Latin America Smart Airport Market by Systems
19.2.3. Latin America Smart Airport Market by Airport Size
19.2.4. Latin America Smart Airport Market by Operation
19.2.5. Latin America Smart Airport Market by Airport Technology
19.2.6. Latin America Smart Airport Market by Application
19.2.7. Latin America Smart Airport Market by Country
19.2.7.1. Brazil
19.2.7.2. Mexico
19.2.7.3. Rest of Latin America
19.3.Western Europe Smart Airport Market Analysis and Forecast 2019-2028
19.3.1. Regional Market Overview and Key Takeaways
19.3.2. Western Europe Smart Airport Market by Systems
19.3.3. Western Europe Smart Airport Market by Airport Size
19.3.4. Western Europe Smart Airport Market by Operation
19.3.5. Western Europe Smart Airport Market by Airport Technology
19.3.6. Western Europe Smart Airport Market by Application
19.3.7. Western Europe Smart Airport Market by Country
19.3.7.1. Germany
19.3.7.2. UK
19.3.7.3. France
19.3.7.4. Spain
19.3.7.5. Italy
19.3.7.6. Benelux
19.3.7.7. Nordic
19.3.7.8. Rest of Western Europe
19.4.Eastern Europe Smart Airport Market Analysis and Forecast 2019-2028
19.4.1. Regional Market Overview and Key Takeaways
19.4.2. Eastern Europe Smart Airport Market by Systems
19.4.3. Eastern Europe Smart Airport Market by Airport Size
19.4.4. Eastern Europe Smart Airport Market by Operation
19.4.5. Eastern Europe Smart Airport Market by Airport Technology
19.4.6. Eastern Europe Smart Airport Market by Application
19.4.7. Eastern Europe Smart Airport Market by Country
19.4.7.1. Russia
19.4.7.2. Poland
19.4.7.3. Rest of Eastern Europe
19.5.Asia Pacific Smart Airport Market Analysis and Forecast 2019-2028
19.5.1. Regional Market Overview and Key Takeaways
19.5.2. Asia Pacific Smart Airport Market by Systems
19.5.3. Asia Pacific Smart Airport Market by Airport Size
19.5.4. Asia Pacific Smart Airport Market by Operation
19.5.5. Asia Pacific Smart Airport Market by Airport Technology
19.5.6. Asia Pacific Smart Airport Market by Application
19.5.7. Asia Pacific Smart Airport Market by Country
19.5.7.1. China
19.5.7.2. Japan
19.5.7.3. India
19.5.7.4. South Korea
19.5.7.5. Australia
19.5.7.6. ASEAN
19.5.7.7. Rest of Asia-Pacific
19.6.Middle East & Africa Smart Airport Market Analysis and Forecast 2019-2028
19.6.1. Regional Market Overview and Key Takeaways
19.6.2. Middle East & Africa Smart Airport Market by Systems
19.6.3. Middle East & Africa Smart Airport Market by Airport Size
19.6.4. Middle East & Africa Smart Airport Market by Operation
19.6.5. Middle East & Africa Smart Airport Market by Airport Technology
19.6.6. Middle East & Africa Smart Airport Market by Application
19.6.7. Middle East & Africa Smart Airport Market by Country
19.6.7.1. GCC
19.6.7.2. South Africa
19.6.7.3. Turkey
19.6.7.4. Rest of the Middle East & Africa
20. Competitive Landscape
20.1.Competition Dashboard
20.1.1. Global and Regional Market Share Analysis
20.1.2. Market Structure
20.2.Competitive Benchmarking
20.3.Key Strategy Analysis
20.4.Company Profiles
20.4.1.1. Company Overview
20.4.1.2. Product/Service Offerings
20.4.1.3. Financials
20.4.1.4. Recent Developments
20.4.2. Ascent Technology
20.4.2.1. Company Overview
20.4.2.2. Product/Service Offerings
20.4.2.3. Financials
20.4.2.4. Recent Developments
20.4.3. Cisco Systems Inc.
20.4.3.1. Company Overview
20.4.3.2. Product/Service Offerings
20.4.3.3. Key Financials
20.4.3.4. Recent Developments
20.4.4. Honeywell International Inc.
20.4.4.1. Company Overview
20.4.4.2. Product/Service Offerings
20.4.4.3. Key Financials
20.4.4.4. Recent Developments
20.4.5. Huawei Technologies Co. Ltd.
20.4.5.1. Company Overview
20.4.5.2. Product/Service Offerings
20.4.5.3. Financials
20.4.5.4. Recent Developments
20.4.6. Siemens AG
20.4.6.1. Company Overview
20.4.6.2. Product/Service Offerings
20.4.6.3. Financials
20.4.6.4. Recent Developments
20.4.7. WIPRO Ltd
20.4.7.1. Company Overview
20.4.7.2. Product/Service Offerings
20.4.7.3. Financials
20.4.7.4. Recent Developments
20.4.8. Raytheon Technologies Corporation
20.4.8.1. Company Overview
20.4.8.2. Product/Service Offerings
20.4.8.3. Financials
20.4.8.4. Recent Developments
20.4.9. Daifuku Co. Ltd.
20.4.9.1. Company Overview
20.4.9.2. Product/Service Offerings
20.4.9.3. Financials
20.4.9.4. Recent Developments
20.4.10. Sabre Corporation
20.4.10.1. Company Overview
20.4.10.2. Product/Service Offerings
20.4.10.3. Financials
20.4.10.4. Recent Developments
20.4.11. IBM Corporation
20.4.11.1. Company Overview
20.4.11.2. Product/Service Offerings
20.4.11.3. Financials
20.4.11.4. Recent Developments
20.4.12. Leidos Holdings, Inc
20.4.12.1. Company Overview
20.4.12.2. Product/Service Offerings
20.4.12.3. Financials
20.4.12.4. Recent Developments
20.4.13. INDRA SISTEMAS S.A.
20.4.13.1. Company Overview
20.4.13.2. Product/Service Offerings
20.4.13.3. Financials
20.4.13.4. Recent Developments
20.4.14. INFAX Inc.
20.4.14.1. Company Overview
20.4.14.2. Product/Service Offerings
20.4.14.3. Financials
20.4.14.4. Recent Developments
20.4.15. Zensors
20.4.15.1. Company Overview
20.4.15.2. Product/Service Offerings
20.4.15.3. Financials
20.4.15.4. Recent Developments
20.4.16. Emartech
20.4.16.1. Company Overview
20.4.16.2. Product/Service Offerings
20.4.16.3. Financials
20.4.16.4. Recent Developments
20.4.17. TAV Technologies
20.4.17.1. Company Overview
20.4.17.2. Product/Service Offerings
20.4.17.3. Financials
20.4.17.4. Recent Developments
20.4.18. T-Systems International GmbH
20.4.18.1. Company Overview
20.4.18.2. Product/Service Offerings
20.4.18.3. Financials
20.4.18.4. Recent Developments
20.4.19. L3Harris Technologies, Inc
20.4.19.1. Company Overview
20.4.19.2. Product/Service Offerings
20.4.19.3. Financials
20.4.19.4. Recent Developments
20.4.20. NATS Holdings Limited
20.4.20.1. Company Overview
20.4.20.2. Product/Service Offerings
20.4.20.3. Financials
20.4.20.4. Recent Developments
20.4.21. SITA
20.4.21.1. Company Overview
20.4.21.2. Product/Service Offerings
20.4.21.3. Financials
20.4.21.4. Recent Developments
20.4.22. Smart Airport Systems (SAS)
20.4.22.1. Company Overview
20.4.22.2. Product/Service Offerings
20.4.22.3. Financials
20.4.22.4. Recent Developments
A comprehensive list of Smart Airport brands/manufacturers by country will be provided along with geographical reach, employee count, revenue, product capacities, and their capabilities.
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Complete Table of Contents, List of Charts and Tables
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