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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Smart Airport Market Size
The global smart airport market attained a value of USD 2.76 billion in 2023. The market is further expected to grow at a CAGR of 13.60% between 2024 and 2032 to reach a value of USD 8.69 billion by 2032.
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Key Trends in the Market
A smart airport is defined as a type of airport having a centralised digital system. Smart airports use internet of things (IoT) to facilitate flexible, personalised, and convenient travel for the passengers. The interconnected digital systems of smart airports, such as sensors and software solutions, boost operational efficiency, security, and overall productivity of the airports.
- The global smart airport market growth is being propelled by the increasing penetration of artificial intelligence (AI) and data science technology, bolstering the operational efficiency of airports to save time of the passengers.
- Rapid digitalisation across airports, along with an increasing adoption of high-end electronic devices are further fuelling the market growth. These devices are used to boost the airport safety, airplane maintenance, revenue management, facilitate feedback analysis, automate messaging and checking, and improve the crew management.
- Increasing number of tourists and business travellers across airports is leading to a heightened demand for smart technology in the airports to cope with the high-quality service needs of the passengers. Moreover, the thriving travel and tourism sector coupled with the increasing standards of living, is expected to accelerate the growth of global smart airport market.
Market Analysis
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Based on system, the market can be segmented into communication and network systems, endpoint devices, data storage, and software and solutions. On the basis of application, the market can be classified into airside, landside, and terminal side. By airport operation, the market can be bifurcated into aeronautical and non-aeronautical. Based on region, the market can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global smart airport market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- Ascent Technology, Inc.
- Honeywell International Inc.
- Huawei Technologies Co., Ltd.
- THALES group
- IBM Corporation
- Others
Smart Airport Market Share by System
The communication and network systems segment, based on system, holds a significant share in the market for smart airports. The increasing footfall in domestic and international airports is fuelling the demand for advanced interconnected communication and network systems to enhance the coordination between airport staff. Smart electronic communication systems offering real-time tracking capabilities are gaining traction in airports.
Over the forecast period, the changing shift from traditional communication systems such as walkie-talkie, towards advanced communication systems providing video calling, all-voice, and MCPTT services, is further propelling the segment’s growth. Meanwhile, the growing adoption of end-point devices such as desktop computers, laptops, and virtual machines, among others, is expected to provide impetus to the smart airport market.
Market Share by Application
Based on application, the terminal side segments is witnessing a steady growth in the market. Digital technology and smart electronic devices in airports are ensuring efficient movement of passengers through the terminals. Machines are fast, reliable, and come with a low chance of error as compared to human airport staff. In addition, the increasing application of digital signage, interactive kiosks, and intelligent self-service technologies in the terminal side of smart airports is fuelling this segment’s growth. Furthermore, the penetration of advanced technologies in terminals, such as biometric recognition, measurement of passenger flow, real-time asset tracking, and connected retail are extremely time saving which are aiding the global smart airport market.
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Competitive Landscape
Ascent Technology, Inc. is a leading resource optimisation and management company which was founded in 1996 and is currently headquartered in Massachusetts, United States. Ascent Technology, Inc. provides end-to-end consulting and support services which are cost-effective. The company caters to the needs of airlines, airports, casinos, defence, hotels, and hospitals, among others.
Honeywell International Inc. is a multinational conglomerate company founded in the year 1906 and is currently headquartered in North Carolina, United States. Honeywell International Inc. provides high-end technological services to various industries including aerospace and building and construction. This company also provides safety and productivity solutions to various end users.
Huawei Technologies Co., Ltd., based in Shenzhen, China, is one of the world’s largest telecommunication equipment manufacturers. It was founded in the year 1987 and currently specialises in the designing, development, production, and sales of equipment for telecommunications, smart devices, and consumer electronics. It is known for its wide range of high-end smart electronic products such as smartphones, smart watches, and routers, etc.
Other market players include THALES group, and IBM Corporation, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by System |
|
| Breakup by Application |
|
| Breakup by Airport Operation |
|
| Breakup by Region |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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Smart Airport Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The size of the global market for smart airports reached USD 2.76 billion in 2023.
The smart airport market is estimated to grow at a CAGR of 13.60% in the forecast period of between 2024 and 2032 to reach a value of USD 8.69 billion by 2032.
Rapid digitalisation across airports leading to a heightened incorporation of high end technological devices, increasing number of business and tourist travellers, and rising standards of living, are the major drivers of the market.
The key trends in the market include the increasing accessibility and affordability of smart technologies, rising expectation from travellers, and growing penetration of artificial intelligence (AI) and data science technology leading to a rapid growth of smart airports.
The market has been segmented based on system into communication and network systems, endpoint devices, data storage, and software and solutions.
Airside, landside, and terminal side are the significant applications included in the market report.
AI is used in smart airports to utilise data sets to improve security, increase efficiency, and save time of passengers.
The emerging technologies in smart airports are machine learning, artificial intelligence, biometric facial recognition, and automated vehicles, among others.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, are the major regional markets.
Ascent Technology, Inc., Honeywell International Inc., Huawei Technologies Co., Ltd., THALES group, and IBM Corporation, among others, are the key market players, according to the report.
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