Smart Airport Market
PUBLISHED: 2023 ID: SMRC22371
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Smart Airport Market

Smart Airport Market Forecasts to 2028 - Global Analysis By System (Network Systems, Communication Systems, Security Systems, Data Storage, Endpoint Devices, Software & Solutions and Other Systems), Airport Operation (Airside, Landside, Terminal Side and Other Airport Operations), End User (Upgrades & Services, Implementation and Other End Users) and By Geography

4.5 (58 reviews)
4.5 (58 reviews)
Published: 2023 ID: SMRC22371

This report covers the impact of COVID-19 on this global market
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Years Covered

2020-2028

Estimated Year Value (2022)

US $2.52 BN

Projected Year Value (2028)

US $4.11 BN

CAGR (2022 - 2028)

26.6%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

North America

Highest Growing Market

Asia Pacific

 

According to Stratistics MRC, the Global Smart Airport Market is accounted for $2.52 billion in 2022 and is expected to reach $4.11 billion by 2028 growing at a CAGR of 8.49% during the forecast period. Smart airport is a concept that has been developed based on the idea of the future smart city, smart building and smart factory. The infrastructure for smart airports includes communication systems, cargo and baggage handling, ground handling, security systems, vehicle parking solutions, air traffic management, aircraft hangars, aircraft parking and the area falling within the airport. The other operations include passenger and staff notification systems, information display systems, lighting systems and announcement systems. The major objective of establishing a smart airport is to develop systems and processes that are digitally equipped and organized for maximum efficiency and connectivity.

According to the International Civil Aviation Organization’s (ICAO) yearly worldwide statistics, the total number of commuters carried on scheduled flights increased to 4.38 billion which was 3.65% higher.



 

Market Dynamics:

Driver:

Increase in air passenger traffic

Air passenger traffic is rising drastically over the years internationally. This rise is resulting in a incredible surge in demand for new airplanes throughout the world. This requires application of smart technologies at airports to properly manage resources and people at the airports throughout the world. Hence, rise in air traffic is anticipated to drive growth of the smart airport market.

Restraint:

Lack of trained and experienced staff

Higher adoption of modern systems in the aviation industry is only possible when there is considerable availability of trained and experienced staff for handling complex algorithms to implement right technologies for different applications. Management of AI and automated systems is sometimes difficult and requires exceptional software engineering skills and notable experience. These are the major factors restraining the market growth.

Opportunity:

Adoption of reliable cloud applications

Cloud computing provides an opportunity for airports to rapidly adjust to how they serve passengers, providing flexibility to adapt airport services to new requirements for a safer, more contactless and socially distanced airport experience. Rapid developments in powerful and affordable cloud computing infrastructures are propelling the growth of the market.

Threat:

Improper knowledge of passenger preferences

The main aim of the smart airport concept is to improve efficiency, reduce operational costs and passenger satisfaction. The airlines collect scattered data from different data points. Understanding the needs and preferences of passengers and offering personalized services in the absence of collaborated data is the biggest challenge hindering the market growth.

Covid-19 Impact

The COVID-19 impact on the smart airport market is unpredictable. The outbreak forced the governments to impose strict lockdown measures that resulted in flight cancellations and ban on e-commerce services, which led to massive decline in commercial aviation and logistics activities across the world. Nationwide lockdowns disrupted the supply chains. Adverse impacts of the pandemic resulted in huge supply-demand issues and resulted in long delays in activities of smart airport operations globally.

The airside segment is expected to be the largest during the forecast period

The airside segment is estimated to have a lucrative growth, due to rapid increase in worldwide passenger traffic. It helps to manage ground employees and reduce aircraft turnaround time. Better aircraft parking solutions, advanced maintenance and health monitoring systems in airside segment are fuelling the market growth.

The upgrades & service segment is expected to have the highest CAGR during the forecast period

The upgrades & service segment is anticipated to witness the fastest CAGR growth during the forecast period, due to its better passenger experiences. Existing systems and solutions are being upgraded with sophisticated technology and solutions to improve the passenger experience and operational efficiency. The better maintenance and services to ensure passenger satisfaction are driving the market growth.

Region with largest share:

North America is projected to hold the largest market share during the forecast period owing to the technological advancements. This region has introduced RFID based luggage tracking, automated immigration systems, smart security gates and mobile applications. They are offering personalized services to the passengers. The improved passenger satisfaction and efficiency of airport operations in this region are driving the demand of the market.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period, owing to the increased passenger traffic. This region has huge middle class population. Their disposable income and affordable airfares are increasing the number of passengers. It increased the international tourism and automated processes. The exceptional development of smart airports in this region is witnessing huge growth in the market.



 

Key players in the market

Some of the key players profiled in the Smart Airport Market include Cisco Systems Inc, Honeywell International Inc, Ascent Technology Inc, L3Harris Technologies Inc, Huawei Investment & Holding Co Ltd, Raytheon Technologies Corporation, Thales Group, International Business Machine Corporation, Amadeus It Group SA, Indra Sistemas SA, Siemens AG, SITA, T-Systems International GmbH, Sabre Corporation, IBM Corporation, NATS Limited, NEC Corporation of America, Daifuku North America Holding Company, Gentrack, NICE Systems Ltd

Key Developments:

In July 2022, Siemens announced that it entered into an agreement to acquire ZONA Technology, Inc., a renowned specialist in the field of aeroelastic simulation solutions. The addition of the ZONA Technology, Inc. technology to Siemens' Xcelerator portfolio will assist customers in making their digital threads as comprehensive and as efficient as possible to help speed innovation, ensure on-time and on-budget delivery of more sustainable aerospace invention.

In April 2022, L3Harris Technologies’ has expanded its global aircraft-on-ground (AOG) logistics support supplier contract with OEM services to include the Aviation Communication & Surveillance Systems (ACSS) surveillance products line to provide faster and more localized customer services.

Systems Covered:
• Network Systems
• Communication Systems
• Security Systems
• Data Storage
• Endpoint Devices
• Software & Solutions
• Other Systems

Airport Operations Covered:
• Airside
• Landside
• Terminal Side
• Other Airport Operations

End Users Covered:
• Upgrades & Services
• Implementation
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Smart Airport Market, By System
5.1 Introduction
5.2 Network Systems
5.3 Communication Systems
5.4 Security Systems
5.5 Data Storage
5.6 Endpoint Devices
5.7 Software & Solutions
5.8 Other Systems

6 Global Smart Airport Market, By Airport Operation
6.1 Introduction
6.2 Airside
6.3 Landside
6.4 Terminal Side
6.5 Other Airport Operations

7 Global Smart Airport Market, By End User
7.1 Introduction
7.2 Upgrades & Services
7.3 Implementation
7.4 Other End Users

8 Global Smart Airport Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa

9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies

10 Company Profiling
10.1 Cisco Systems Inc
10.2 Honeywell International Inc
10.3 Ascent Technology Inc
10.4 L3Harris Technologies Inc
10.5 Huawei Investment & Holding Co Ltd
10.6 Raytheon Technologies Corporation
10.7 Thales Group
10.8 International Business Machine Corporation
10.9 Amadeus It Group SA
10.10 Indra Sistemas SA
10.11 Siemens AG
10.12 SITA
10.13 T-Systems International GmbH
10.14 Sabre Corporation
10.15 IBM Corporation
10.16 NATS Limited
10.17 NEC Corporation of America
10.18 Daifuku North America Holding Company
10.19 Gentrack
10.20 NICE Systems Ltd

List of Tables
1 Global Smart Airport Market Outlook, By Region (2020-2028) ($MN)
2 Global Smart Airport Market Outlook, By System (2020-2028) ($MN)
3 Global Smart Airport Market Outlook, By Network Systems (2020-2028) ($MN)
4 Global Smart Airport Market Outlook, By Communication Systems (2020-2028) ($MN)
5 Global Smart Airport Market Outlook, By Security Systems (2020-2028) ($MN)
6 Global Smart Airport Market Outlook, By Data Storage (2020-2028) ($MN)
7 Global Smart Airport Market Outlook, By Endpoint Devices (2020-2028) ($MN)
8 Global Smart Airport Market Outlook, By Software & Solutions (2020-2028) ($MN)
9 Global Smart Airport Market Outlook, By Other Systems (2020-2028) ($MN)
10 Global Smart Airport Market Outlook, By Airport Operation (2020-2028) ($MN)
11 Global Smart Airport Market Outlook, By Airside (2020-2028) ($MN)
12 Global Smart Airport Market Outlook, By Landside (2020-2028) ($MN)
13 Global Smart Airport Market Outlook, By Terminal Side (2020-2028) ($MN)
14 Global Smart Airport Market Outlook, By Other Airport Operations (2020-2028) ($MN)
15 Global Smart Airport Market Outlook, By End User (2020-2028) ($MN)
16 Global Smart Airport Market Outlook, By Upgrades & Services (2020-2028) ($MN)
17 Global Smart Airport Market Outlook, By Implementation (2020-2028) ($MN)
18 Global Smart Airport Market Outlook, By Other End Users (2020-2028) ($MN)
19 North America Smart Airport Market Outlook, By Country (2020-2028) ($MN)
20 North America Smart Airport Market Outlook, By System (2020-2028) ($MN)
21 North America Smart Airport Market Outlook, By Network Systems (2020-2028) ($MN)
22 North America Smart Airport Market Outlook, By Communication Systems (2020-2028) ($MN)
23 North America Smart Airport Market Outlook, By Security Systems (2020-2028) ($MN)
24 North America Smart Airport Market Outlook, By Data Storage (2020-2028) ($MN)
25 North America Smart Airport Market Outlook, By Endpoint Devices (2020-2028) ($MN)
26 North America Smart Airport Market Outlook, By Software & Solutions (2020-2028) ($MN)
27 North America Smart Airport Market Outlook, By Other Systems (2020-2028) ($MN)
28 North America Smart Airport Market Outlook, By Airport Operation (2020-2028) ($MN)
29 North America Smart Airport Market Outlook, By Airside (2020-2028) ($MN)
30 North America Smart Airport Market Outlook, By Landside (2020-2028) ($MN)
31 North America Smart Airport Market Outlook, By Terminal Side (2020-2028) ($MN)
32 North America Smart Airport Market Outlook, By Other Airport Operations (2020-2028) ($MN)
33 North America Smart Airport Market Outlook, By End User (2020-2028) ($MN)
34 North America Smart Airport Market Outlook, By Upgrades & Services (2020-2028) ($MN)
35 North America Smart Airport Market Outlook, By Implementation (2020-2028) ($MN)
36 North America Smart Airport Market Outlook, By Other End Users (2020-2028) ($MN)
37 Europe Smart Airport Market Outlook, By Country (2020-2028) ($MN)
38 Europe Smart Airport Market Outlook, By System (2020-2028) ($MN)
39 Europe Smart Airport Market Outlook, By Network Systems (2020-2028) ($MN)
40 Europe Smart Airport Market Outlook, By Communication Systems (2020-2028) ($MN)
41 Europe Smart Airport Market Outlook, By Security Systems (2020-2028) ($MN)
42 Europe Smart Airport Market Outlook, By Data Storage (2020-2028) ($MN)
43 Europe Smart Airport Market Outlook, By Endpoint Devices (2020-2028) ($MN)
44 Europe Smart Airport Market Outlook, By Software & Solutions (2020-2028) ($MN)
45 Europe Smart Airport Market Outlook, By Other Systems (2020-2028) ($MN)
46 Europe Smart Airport Market Outlook, By Airport Operation (2020-2028) ($MN)
47 Europe Smart Airport Market Outlook, By Airside (2020-2028) ($MN)
48 Europe Smart Airport Market Outlook, By Landside (2020-2028) ($MN)
49 Europe Smart Airport Market Outlook, By Terminal Side (2020-2028) ($MN)
50 Europe Smart Airport Market Outlook, By Other Airport Operations (2020-2028) ($MN)
51 Europe Smart Airport Market Outlook, By End User (2020-2028) ($MN)
52 Europe Smart Airport Market Outlook, By Upgrades & Services (2020-2028) ($MN)
53 Europe Smart Airport Market Outlook, By Implementation (2020-2028) ($MN)
54 Europe Smart Airport Market Outlook, By Other End Users (2020-2028) ($MN)
55 Asia Pacific Smart Airport Market Outlook, By Country (2020-2028) ($MN)
56 Asia Pacific Smart Airport Market Outlook, By System (2020-2028) ($MN)
57 Asia Pacific Smart Airport Market Outlook, By Network Systems (2020-2028) ($MN)
58 Asia Pacific Smart Airport Market Outlook, By Communication Systems (2020-2028) ($MN)
59 Asia Pacific Smart Airport Market Outlook, By Security Systems (2020-2028) ($MN)
60 Asia Pacific Smart Airport Market Outlook, By Data Storage (2020-2028) ($MN)
61 Asia Pacific Smart Airport Market Outlook, By Endpoint Devices (2020-2028) ($MN)
62 Asia Pacific Smart Airport Market Outlook, By Software & Solutions (2020-2028) ($MN)
63 Asia Pacific Smart Airport Market Outlook, By Other Systems (2020-2028) ($MN)
64 Asia Pacific Smart Airport Market Outlook, By Airport Operation (2020-2028) ($MN)
65 Asia Pacific Smart Airport Market Outlook, By Airside (2020-2028) ($MN)
66 Asia Pacific Smart Airport Market Outlook, By Landside (2020-2028) ($MN)
67 Asia Pacific Smart Airport Market Outlook, By Terminal Side (2020-2028) ($MN)
68 Asia Pacific Smart Airport Market Outlook, By Other Airport Operations (2020-2028) ($MN)
69 Asia Pacific Smart Airport Market Outlook, By End User (2020-2028) ($MN)
70 Asia Pacific Smart Airport Market Outlook, By Upgrades & Services (2020-2028) ($MN)
71 Asia Pacific Smart Airport Market Outlook, By Implementation (2020-2028) ($MN)
72 Asia Pacific Smart Airport Market Outlook, By Other End Users (2020-2028) ($MN)
73 South America Smart Airport Market Outlook, By Country (2020-2028) ($MN)
74 South America Smart Airport Market Outlook, By System (2020-2028) ($MN)
75 South America Smart Airport Market Outlook, By Network Systems (2020-2028) ($MN)
76 South America Smart Airport Market Outlook, By Communication Systems (2020-2028) ($MN)
77 South America Smart Airport Market Outlook, By Security Systems (2020-2028) ($MN)
78 South America Smart Airport Market Outlook, By Data Storage (2020-2028) ($MN)
79 South America Smart Airport Market Outlook, By Endpoint Devices (2020-2028) ($MN)
80 South America Smart Airport Market Outlook, By Software & Solutions (2020-2028) ($MN)
81 South America Smart Airport Market Outlook, By Other Systems (2020-2028) ($MN)
82 South America Smart Airport Market Outlook, By Airport Operation (2020-2028) ($MN)
83 South America Smart Airport Market Outlook, By Airside (2020-2028) ($MN)
84 South America Smart Airport Market Outlook, By Landside (2020-2028) ($MN)
85 South America Smart Airport Market Outlook, By Terminal Side (2020-2028) ($MN)
86 South America Smart Airport Market Outlook, By Other Airport Operations (2020-2028) ($MN)
87 South America Smart Airport Market Outlook, By End User (2020-2028) ($MN)
88 South America Smart Airport Market Outlook, By Upgrades & Services (2020-2028) ($MN)
89 South America Smart Airport Market Outlook, By Implementation (2020-2028) ($MN)
90 South America Smart Airport Market Outlook, By Other End Users (2020-2028) ($MN)
91 Middle East & Africa Smart Airport Market Outlook, By Country (2020-2028) ($MN)
92 Middle East & Africa Smart Airport Market Outlook, By System (2020-2028) ($MN)
93 Middle East & Africa Smart Airport Market Outlook, By Network Systems (2020-2028) ($MN)
94 Middle East & Africa Smart Airport Market Outlook, By Communication Systems (2020-2028) ($MN)
95 Middle East & Africa Smart Airport Market Outlook, By Security Systems (2020-2028) ($MN)
96 Middle East & Africa Smart Airport Market Outlook, By Data Storage (2020-2028) ($MN)
97 Middle East & Africa Smart Airport Market Outlook, By Endpoint Devices (2020-2028) ($MN)
98 Middle East & Africa Smart Airport Market Outlook, By Software & Solutions (2020-2028) ($MN)
99 Middle East & Africa Smart Airport Market Outlook, By Other Systems (2020-2028) ($MN)
100 Middle East & Africa Smart Airport Market Outlook, By Airport Operation (2020-2028) ($MN)
101 Middle East & Africa Smart Airport Market Outlook, By Airside (2020-2028) ($MN)
102 Middle East & Africa Smart Airport Market Outlook, By Landside (2020-2028) ($MN)
103 Middle East & Africa Smart Airport Market Outlook, By Terminal Side (2020-2028) ($MN)
104 Middle East & Africa Smart Airport Market Outlook, By Other Airport Operations (2020-2028) ($MN)
105 Middle East & Africa Smart Airport Market Outlook, By End User (2020-2028) ($MN)
106 Middle East & Africa Smart Airport Market Outlook, By Upgrades & Services (2020-2028) ($MN)
107 Middle East & Africa Smart Airport Market Outlook, By Implementation (2020-2028) ($MN)
108 Middle East & Africa Smart Airport Market Outlook, By Other End Users (2020-2028) ($MN)

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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