Global Smart Airport Market To Grow at 12% CAGR From 2016-2023 | Industry Growth Factors and Competitive Landscape
Global Smart Airport Market by Technology (Security Systems, Communication Systems, Cargo & Baggage Handling Control, and Other technologies), Application, Terminal type, Airside, Landside, and by Region- Forecast to 2023
Hadapsar, Pune, India – July 30, 2018 /MarketersMedia/ —
Smart Airport Market Highlights
The global smart airport market has been segmented based on technology, application, terminal type, airside, landside, and region. The technology market is classified into communication systems, passenger, end devices, cargo and baggage handling, air traffic management systems, security systems, and others. The security system segment is anticipated to dominate the market, in terms of investment, throughout the forecast period. The security systems segment is probably going to be driven by rising demand for bio-metric devices by airports for the identification and checking process. The smart airport market is predicted to expand due to high demand for terminal-side, and land-side services. The terminal type market is anticipated to be driven by rising demand for digital video surveillance and management solutions by airports to boost the safety and productivity of the workplace. Moreover, the increase in penetration of smartphones and tablets is playing a significant role in dynamic of smart airports. Effective customer service and reduction in cost are the two main edges provided by the presence of mobile check-in facilities.
Demand for automated and self-service kiosks has increased. In addition, the increasing number of passengers at airports would lead to effective managing of airport operations. This is, in turn, driving the need for upgraded solutions that may ease and allow automation of the processes at airports. A majority of airports are currently specializing in self-service solutions and adopting new technologies, such as artificial intelligence kiosk, face recognition, automated passport management, and others, to manage airport operations effectively. Companies are introducing advanced technology solutions and systems within the market and are investing heavily in digital technologies and IT to supply value added services to customers. Rising demand for various technologically advanced communication systems, non-aeronautical systems, and security systems is anticipated to drive the market growth throughout the forecast period.
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In the recent years, the European Union witnessed a rise in the number of air passengers. It is expected that the air passenger volume is going to expand in the coming years. This increase in air traveler volume in the Europe region is one of the key drivers for smart airport construction. In addition, the European countries are well-liked tourist destinations and are widely preferred by tourists around the world. Similarly, developments in the Middle East are increasing at a steady pace, catered by strong developments of the tourism sector, and as a result, the demand for smart airports will increase in this region throughout the forecast period.
Key Players
The key players in smart airport market are : Cisco Systems Inc. (U.S.), Honeywell Corporation Inc. (U.S.), Rockwell Collins, Inc. (U.S.), Siemens AG (Germany), SITA (Switzerland), Raytheon (U.S.), Kiewit (U.S.), IBM Corporation (U.S.), Larsen & Toubro (India), and Amadeus IT Group SA (Spain).
Regional Analysis
In terms of geographical distribution, the global sustainable packaging market is studied for five major regions namely, North America, Europe, Asia Pacific, and RoW. The Asia Pacific market is anticipated to be the fastest growing market over the forecast period, owing to the presence of the large consumer base and the increasing focus on the adoption of eco-friendly solutions, by the government. Moreover, growing demand for reusable and recyclable materials in developing economies, such as China and India, are expected to boost the industry growth over the forecast period. Moreover, strict governmental policies for the safety of environment coupled with availability of incentives and support from the government is one of the major factors behind the growth of sustainable packaging market. Further, innovative sustainable packaging products are also believed to flourish the growth of sustainable packaging market. However, high cost of raw materials used for making sustainable packaging such as bio-based monomers, liquid biofuels is expected to hinder the growth of the sustainable packaging market globally.
Scope of the Report
This study provides an overview of the global smart airport market, tracking five market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia Pacific (APAC), Middle East and Africa, and South America . The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global smart airport market by its technology, application, terminal type, airside, landside and region.
By Technology
• Security Systems
• Communication Systems
• Cargo & Baggage Handling Control
• Air/Ground Traffic Control
• Passenger
• Endpoint Devices
• Other technologies
By Application
• Aeronautical Operations
• Non-aeronautical Operations
• By Terminal Type
• Baggage Handling
• Check-in Systems
• Building Operations
• Sustainable Energy Management
By Airside
• ATM
• Resource Management
• Aircraft Parking
• Aircraft Maintenance
• Others
By Landside
• Vehicular Parking
• Security and Intelligent advertising
By Regions
• America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
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Source: MarketersMedia
Release ID: 385868
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