24/7 Customer Support

Smart Airport Market- Industry Dynamics, Market Size, And Opportunity Forecast To 2027

Global Smart Airport Market By Infrastructure (Endpoint Devices, Communication System, Passenger, Cargo and Baggage Ground Handling Control, Air/Ground Traffic Control, Security System, Others (Navigational, Landing Aids, Digital Signage, Airport Management Software)); By Solution (Terminal Side, Air Side, Landside); By Application (Core Application, Business Applications); By Services (Smart Transport & Parking Services, Smart Retail, Hospitality & Entertainment Services, Smart Workspace Services, Smart Airport Processes, Smart Business to Business Services); By Airport Model (Airport 2.0, Airport 3.0, Airport 4.0); By Airport Size (Small, Medium, Larger); By Airport Operation (Commercial Service Airport, Cargo Services Airport General Aviation Airports) - Industry Dynamics, Market Size, Opportunity, And Forecast To 2027

  • Published On: 29-Sep-2021  |  Format: pdfpowerpointexcel  |  Report ID: AA1121102
    Delivery: 2 to 4 Hours
INFOGRAPHIC:
Smart Airport Market

View Full Infographic

REPORT SCOPE

Report AttributeDetails
Market Size Value in 2021US$ 27,485.5 Mn
Expected Revenue in 2027US$ 54,862.0 Mn
Historic Data2017-2020
Base Year2021
Forecast Period2022-2027
UnitValue (USD Mn)
CAGR10.9% [2022-2027]
Segments coveredBy Component, By Infrastructure, By Solutions, By Application, By Services, By Airport Model, By Airport Size, By Airport Operation, and Region
Regional ScopeNorth America; Europe; Asia Pacific; Middle East & Africa; South America
Key CompaniesAdelte, Ascent Technology Inc., Amadeus IT Group SA, and other prominent players.
Customization ScopeGet your customized report as per your preference. Ask for customization

FREQUENTLY ASKED QUESTIONS

Cyber Security, Intelligent Building Management, Internet of Things (IoT), GPS and Sensor, Artificial Intelligence (AI), and Blockchain.

Federal Aviation Regulations (FARs), Aviation Law 2021, EU Network Information Security (NIS) Directive, Commission Implementing Regulation (EU) 2016/1377, and Commission Regulation (EU) No 677/2011 are some of the regulations of airport and aviation industry.

The global smart airport market generated a revenue of US$ 29,463.1 Mn in the year 2021. 

Growth of air-travel and tourism industry, increase in passenger and cargo traffic, and technological advancements leading to process optimization are some of the grow factors influencing the global smart airport market.

The major segments considered for study of smart airport market are Component -Infrastructure, Solutions, Application and Services, Airport Mode, Airport Size, and Airport Operation.

SITA, Siemens, IBM, Honeywell, Collin Aerospace including Raytheon, Cisco, Amadeus IT Group SA, T-systems, SABRE, and Thales Group are some of the key players in the smart airport market.

North America held highest market share of smart airport market in 2021.

High initial and maintenance cost and system failures are some major restraints faced by the global marketplace. 

Components of smart airport market are Infrastructure, Solutions, Application, and Services.

The airport 4.0 held the leading position in terms of CAGR of 17.0% in the global market. Airport 4.0 focuses on the real-time information and connectivity by connecting all stakeholders in an integrated digital ecosystem. 

5G communication network, interactive navigation, biometric ID management, data exchange technology (XML) and business intelligence are some key focus areas of investment at airports. 

As per Astute Analytica, the CR10 ratio of global smart airport market is 72.2%. 

{