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

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

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