The article cited AMA's Global Smart Airport Market Study explored substantial growth with CAGR of 10.7%. According to the study, Customer-Centric Approach and the Growing Use of Self-Service Technologies at the Airports
is one of the primary growth factors for the market. Increased Concern for Safety and Improved Customer Service
is also expected to contribute significantly to the Smart Airport market. Overall, Aeronautical {Content Management System, Business Intelligence Solutions, Gate Management and Noise Monitoring}
applications of Smart Airport, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as Amadeus IT Group (Spain), Honeywell International (United States), IBM (United States), Siemens (Germany), Adelte (Spain), Ericsson AB (Sweden), AOptix (United States), Atos (France), Ascent Technology, Inc. (United States), Thales S.A. (France), Cisco System (United States), DSG Systems (United States), Raytheon Company (United States), EGate Solutions (United States) and GE (United States) pushing strong cash flow in Market which is also a key in driving revenue growth.
AMAs Analyst on the Global Smart Airport market identified that the demand is rising in many different parts of the world as "Innovation and Implementation of Advanced Technologies at Airports
". Furthermore, some recent industry insights like "Rising growth of the aviation industry has dramatically evolved the business models and operations carried out at the airports. Airports are no longer just a venue of waiting and passing through to board the flights. They provide passengers the feel of being in the city with areas reserved for entertainment, gathering, and information portals. The evolving family of airports is witnessing a business drift from B2B to B2C, by exploiting the power of emerging and maturing technologies at its full extent." is constantly making the industry dynamic. One of the challenges that industry facing is "Understanding Customer Preference"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of Smart Airport market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of Smart Airport market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the Smart Airport market tight? Which application/end-user category or Product Type [] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Smart Airport market and other related sub-markets covered in the study.
o Key & emerging players in the Smart Airport market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Smart Airport market size is calculated using market estimation process, the Smart Airport market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Smart Airport market size has been validated using both top-down and bottom-up approaches.