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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Smart Airport Market 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.
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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