Global Smart Airports Market 2024-2028
The smart airports market is forecasted to grow by USD 6,669.08 mn during 2023-2028, accelerating at a CAGR of 12.73% during the forecast period. The report on the smart airports market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the demand for smart security at airports, increased passenger preference for smart technologies, and increasing partnership and collaboration among service providers.
Technavio's smart airports market is segmented as below:
By End-user
- Non-aeronautical
- Aeronautical
By Application
By Geography
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the increasing digital transformation of airports as one of the prime reasons driving the smart airports market growth during the next few years. Also, high investment in AI and IoT by the government and high adoption of smart retail and e-commerce will lead to sizable demand in the market.
The report on the smart airports market covers the following areas:
- Smart airports market sizing
- Smart airports market forecast
- Smart airports market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading smart airports market vendors that include Alvest SAS, Amadeus IT Group SA, Ascent Technology Inc., Cisco Systems Inc., Daifuku Co. Ltd., Deutsche Telekom AG, Honeywell International Inc., Huawei Technologies Co. Ltd., Indra Sistemas SA, Infax Inc., International Business Machines Corp., Kiewit Corp., L3Harris Technologies Inc., NEC Corp., Raytheon Technologies Corp., Sabre Corp., Siemens AG, SITA, Thales Group, and Wipro Ltd. Also, the smart airports market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.