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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.
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.
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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