Asia-Pacific Smart Airport Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Asia-Pacific Smart Airport Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Asia-Pacific smart airport market is projected to register a CAGR of more than 5% during the forecast period.

· The air passenger traffic in the region has been increasing rapidly in the past few years, which has led to various modernization plans of airports to enhance their passenger handling capacities, as well as the operational efficiencies of the airports. These enhancements to the airports are anticipated to drive the growth of the smart airport market in the region.

· Also, the construction of new airports in the Asia-Pacific region, particularly in countries, like China and India, is expected to bolster the growth of the market during the forecast period.

· Increasing automation is expected to revolutionize the entire process flow architecture in airports. Airports are using technologies, such as artificial intelligence (AI), Internet of Things (IoT), and predictive analysis for a wide range of applications, from customer service to operational efficiency.

Key Market TrendsThe Security Systems Segment is Expected to Record the Highest CAGR During the Forecast Period

The increasing security threats and terrorist attacks forced airports to enhance their security systems to ensure the safety of passengers. The airports in the region are integrating advanced passenger screening and cargo screening systems, as well as security robots, for the protection and screening of the passengers. Japan’s Narita International Airport unveiled four new security patrol robots in May 2019. These robots have heat and metal sensors, along with a 360-degree surveillance camera, which will help in enhanced safety, while reducing the burden of physical staff. The airport deployed the robots from June 2019. In addition, biometric is also one of the major technologies integrated by airports of China, Singapore, India, etc., for biometric-based screening for identity authentication. Malaysian low-cost airline, AirAsia begun testing the facial recognition security checks for a flight boarding at Senai International Airport in February 2018 and announced its plan to roll out the technology in various other airports in the region in the near future. The growing investments in the integration of AI, IoT, biometrics, and other technologies in the airports for security are anticipated to accelerate the growth of the segment in the coming years.

China is Expected to Witness Significant Growth in the Coming Years

China handles the largest passenger traffic in the Asia-Pacific region, and it is expected to become the largest aviation market in the world by 2022, surpassing the United States. According to the Civil Aviation Administration of China (CAAC), in 2019, the passenger traffic of China increased to 1.35 billion, with an annual growth of 6.9%. Of the 1.35 billion passengers, domestic passengers occupied a major share. To cater to the increasing passenger traffic in the country, the government plans to construct new airports to reach its target of 450 airports by 2035. Such robust construction plans, along with plans of airport operators to integrate advanced technologies in the airports, are anticipated to propel the growth of the smart airport market. According to SITA, currently, more than 40% of the airlines use AI-driven chatbot customer services and over 25% of airports have self-boarding gates using biometrics. By 2022, more than 65% of the airports are anticipated to secure single biometric tokens. Furthermore, airlines are also investing in biometric technology for seamless passenger experience. Such investments are expected to drive the smart airport market in China during the forecast period.

Competitive Landscape

Some of the prominent players in the Asia-Pacific smart airport market are SITA, Siemens AG, Amadeus IT Group, Daifuku Co. Ltd, and Wipro Limited. SITA is one of the major passenger processing and airport operations technology providers and its technologies are present in major airports in countries, like Australia, Japan, China, the Philippines, Thailand, Indonesia, and Vietnam, among others. For instance, in November 2019, Gold Coast Airport in Australia extended its partnership with SITA for passenger and baggage technology till 2024. The airport uses SITA AirportConnect Open, a common-use platform deployed with self-service bag drop and check-in kiosks for an efficient, cost-effective solution that will ensure passenger experience at the airport. The increasing investments in R&D for the development of new products by the companies are expected to enhance their geographic presence in the region.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned
 
Amadeus IT Group
SITA
IBM Corporation
Smiths Group PLC
Siemens AG
Vanderlande Industries
BEUMER Group
Indra Sistemas SA
Daifuku Co. Ltd
Wipro Limited
T
Systems International GmbH
Leidos
Honeywell International Inc.

Please note: This publisher does offer titles that are created upon receipt of order. If you are purchasing a PDF Email Delivery option above, the report will take approximately 2 business days to prepare and deliver.