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

 The global smart airport market is anticipated to record a revenue of US$ 54,862.1 Mn at a compound annual growth rate of 10.9% over the forecast period of 2021-2027.

Increasing traffic of air passengers across the world ascribes the growth of the smart airport market across the globe. As per International Civil Aviation Organization (ICAO), in 2019, the total number of travelers carried on scheduled flights went up by 3.6% higher than the previous year and increased to 4.5 billion. According to International Air Transport Association’s (IATA) annual review, in 2019, airlines continued to increase the number of city-pair routes they operate globally, with more than 22,000 unique city pairs regularly serviced. This was an increase of almost 1,000 over the number of city-pair connections in 2018. Meanwhile, the inflation-adjusted cost of air travel declined a further 2.3% in 2019. 

The report of the global smart airport market provides a detailed and comprehensive study of the market covering market growth factors and opportunities related to the market covering covid-19 impacts on the market and its recovery. The report provides a detailed analysis within 19 chapters, totaling 361 pages, supported with extensive data tables and figures representing the analysis.

Report Insight

The research report provides a detailed analysis of the global smart airport market, opportunity, and growth trends in the market including fetters in the smart airport market such as system failure and privacy concerns in smart airport systems. In June 2019, Manchester Airport had faced complication of IT issues in check-in airport systems. The regions analyzed in the report include North America, Europe, Asia Pacific, Middle East & Africa, and South America. 

According to the report, the global smart airport market was valued at US$ 27,485.5 million in 2020, which is expected to reach US$ 54,862.1 million by 2027, projecting a CAGR of 10.9% during the forecast period.  Geographically, North America held the highest market share in the global smart airport market in 2020 accounting for more than 35% of revenue contribution. A much large part of this comes from the U.S. alone, estimated at 83%. The reason behind the growth is the large-scale investments for optimizing operations at airports coupled with the implementation of IoT, AI, and Big Data in airport operations has the feasibility to improve visibility and optimize business processes. Moreover, the rising preference for improving the personalized experience, and higher concentration of the market players are expected to drive the market growth in the region.

Furthermore, Asia Pacific is expected to grow at a faster CAGR of 14% during the forecast period. As the smart transport & parking services segment contributed the major share of 36.5% in the Asia-Pacific smart airport market, the smart airport processes is projected to grow at the fastest CAGR of 18.7% during the forecast period.

Report Summary

The report provides a rigorous analysis of the smart airport market covering global market size, recent development in the aviation industry, regional analysis, global market growth, and opportunity in the market.

The global smart airport market provides readers with market insights covering several growth factors in the market such as growth of the air travel and tourism industry. According to the World Tourism Organization (UNWTO), it has been estimated that a surge of 3.3% a year on average. The report also provides a section of technology overview covering all the technological advancements in the industry including the impact, usage, and benefits of several technologies in the aviation industry. 

Further, the report provides a detailed analysis of market dynamics, market restraints such as system failure, and privacy concerns in smart airport systems. Further, the report includes company profiling of the key players in the smart airport market across the globe. 

Covid-19 Impact 

The COVID-19 pandemic delivered the largest shock to air travel and the aviation industry since the Second World War. Previously, the adverse impacts on aviation of the 9-11 terrorist attacks and the 2007–08 global financial crisis were thought dramatic. But neither had an impact that compares with what is estimated to be a 66% decline in global revenue passenger kilometers (RPKs) in 2020.

Air connectivity collapsed in April 2020. The aviation industry in Canada is negatively affected by the COVID-19 pandemic in the country. As per ICAO, the total number of flights in the US was around 634 thousand till May in 2019 that further declined to 390 thousand till May in 2020. China’s domestic aviation market fell first, at the start of the year. As the disease spread, its impact on air transport was felt globally, beginning in February to a low point in April. 

Market Key Players - Global Smart Airport Market

The global smart airport market covers company profiling of various key players in the smart airport market across the globe.

Details covered in the company profiles include a business overview, key official, establishment, strategic analyses, products & services, company financials, and recent developments. Key players included in the report are Adelte, Ascent Technology Inc., Amadeus IT Group SA, Ansul, Cisco System, Collins Aerospace, Deerns Airport System Consultants, Daifuku Co., Ltd., Sensec Solution AS (Initially DSG Systems), FB Technology, Honeywell International, Inc, Huawei Technologies Co., Ltd., IBM Corporation, Indra, SITA, Lufthansa Systems GmbH & Co. KG., QinetiQ, RESA, S.A.S., Sabre Corporation, Selex ES, Siemens AG, T-Systems, Thales Group, Vanderlande Industries, Vision-Box, Wipro Limited, Zensors.

According to the research report, the global smart airport market is observed to have competitive nature and is projected to shift towards consolidated nature in the forecast period. As the intensity of competitive rivalry is high in the smart airport market and is expected to remain high during the forecast period with the presence of many local and international market players.

Global Smart Airport Market - Segmental Overview

By Infrastructure

• Endpoint Devices
  • Sensors
  • Tags
  • IP Phone
  • Video Conferencing (Audio/ Video)
• Communication Systems
  • Wireless Airports
  • Smart Phones
  • Near Field Communication
  • Social Media
• Passenger, Cargo and Baggage Ground Handling Control
  • IoT Enabled Beacons
  • Robots for Passenger and Baggage Movement
  • Common-use Self-service (CUSS) Kiosks
  • RFID Baggage Reconciliation System
  • E-Gates
• Air/Ground Traffic Control
  • Smart Systems & Scalable Air Traffic Management Solutions (ATM)
  • Automated Passport Controls
• Security Systems
  • Biometrics
  • Alerts & Cyber Security
  • E-Fence & Ground Surveillance Radar
  • E-Tag System
• Others (Navigational, Landing Aids, Digital Signage, Airport Management Software)

By Solutions

• Terminal Side
  • HVAC
  • Lighting Control
  • Digital Video Surveillance and
  • Management (DVM)
  • Fire and Life Safety Solutions
  • Energy Management
  • Life Cycle Services
  • Building Management and
  • Automation Systems
• Air Side
  • Advanced Visual Docking Guidance
  • System (A-VDGS)
  • Airfield Ground Lighting (AGL)
  • Surface Movement Guidance
  • Runway Improvement and Apron
  • Management
  • Digital and Radar Video Surveillance
• Landside
  • Parking
  • Access Roads
  • Perimeter Security
  • Car Rental
  • Mass Transit
  • Airport City

By Application

• Core Applications
  • Content Management
  • Business Intelligence
  • Next-Generation Web
  • Collaboration
  • Integration
• Business Applications
  • Noise Abatement
  • Fee Management
  • Performance Management
  • Gate Management

By Services

• Smart Transport & Parking Services
  • Real-time Travel Services
  • Intelligent Transport Services
  • Trip Concierge
• Smart Retail, Hospitality & Entertainment Services
  • Passenger-Specific Retail and Hospitality
  • Intelligent Advertising
  • Lean Retail Solutions
  • Telepresence Rooms
• Smart Workplace Services
  • Equipment Telematics Solutions
  • Mobile Worker and Expert Locator
• Smart Airport Processes
  • Location-Based Services
  • RFID Baggage Tagging
  • No-queue Check-in Solutions
• Smart Business to Business Services
  • Traffic and Facilities Management
  • Smart Supply-Chain and MRO Services

By Airport Model

• Airport 2.0
• Airport 3.0
• Airport 4.0

By Airport Size

• Small
• Medium
• Large

By Airport Operation

• Commercial Service Airports
• Cargo Service Airports
• General Aviation Airports

By Region

• North America
  • US
  • Canada
  • Mexico
• South America
  • Argentina
  • Brazil
  • Rest of South America
• Europe
  • The U.K.
  • Germany
  • France
  • Spain
  • Italy
  • Russia
  • Poland
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia & New Zealand
  • ASEAN
  • Rest of Asia Pacific
• Middle East & Arica
  • U.A.E.
  • Saudi Arabia
  • South Africa
  • Rest of Middle East & Africa