Industry Background:
Smart airport refers to overall infrastructures and facilities, including endpoint devices, communication systems, cargo and baggage ground handling control, air traffic control, security system, and others. This helps the passengers to get better comfort and personal service which may sometimes be sacrificed for speed and efficiency, cost-effectiveness, and of course the security measures needed to protect from a new range of threats and danger
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Billion) |
Key Companies Profiled | 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) |
According to AMA, the market for Smart Airport is expected to register a CAGR of 10.7% during the forecast period to 2028. This growth is primarily driven by Increased Concern for Safety and Improved Customer Service, Arrival of Smartphone-Based Airport Applications, Growing Demand for Automated Processes at Airports and Rising Support from Government for the Implementation of Advanced Solutions.
Globally, a noticeable market trend is evident Customer-Centric Approach and the Growing Use of Self-Service Technologies at the Airports
The Airport Services sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, 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), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. Smart Airport market is a fragmented market due to the presence of various players. Companies are focusing on developing innovative products and solutions to improve quality, enhances and promotes performance. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Key Developments in the Market:
In March 2022, Amadeus acquired Kambr, three-year-old start-up based in Minnesota, which provide revenue management solutions for airlines. This acquisition helped company to expand its presence in smart airport market
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.
Regulatory Insights:
The International Air Transport Association is a trade association of the world’s airlines which handles the safety & security and priorities the environment simplifying business and International Civil Aviation Organization is a specialized agency of the United Nations which codifies the principles and techniques of international air navigation and fosters the planning and development of international air transport to ensure safe and orderly growth
Influencing Trend:
Customer-Centric Approach and the Growing Use of Self-Service Technologies at the Airports, Increasing Trend of Personalized Services and Customized Services to Provide Advanced Solution to the End User
Market Growth Drivers:
Increased Concern for Safety and Improved Customer Service, Arrival of Smartphone-Based Airport Applications, Growing Demand for Automated Processes at Airports and Rising Support from Government for the Implementation of Advanced Solutions
Challenges:
Understanding Customer Preference
Restraints:
Difficulties in Data Collaboration
Opportunities:
Innovation and Implementation of Advanced Technologies at Airports and Fusion of Internet of Things (Iot) With Airport Services to Provide Advanced Customer Experiences
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Smart Airport Market
- Analysis about New Entrants in Smart Airport Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Smart Airport Study Sheds Light on
The Smart Airport Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Smart Airport industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Smart Airport industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.