At what pace is the airport technologies market growing, and what is its estimated value?
The airport technologies market size has grown steadily in recent years. It will grow from $13.42 billion in 2024 to $13.99 billion in 2025 at a compound annual growth rate (CAGR) of 4.3%. The growth in the historic period can be attributed to air travel growth, security enhancements, passenger experience, sustainability initiatives.
The airport technologies market size is expected to see strong growth in the next few years. It will grow to $17.84 billion in 2029 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to smart airports, biometrics and contactless travel, automation and robotics, sustainable practices. Major trends in the forecast period include digital transformation, biometrics and facial recognition, smart security systems, artificial intelligence (ai).
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What are the top drivers to the rising demand in the airport technologies market?
Rise in illegal immigration is a key driver of the airport technologies market. For instance, in May 2023, according to the European Commission, the Belgium-based executive arm of the European Union (EU), focused on policies and regulations, irregular border crossings in Europe surged to 331,400 in 2022, marking a 66% increase compared to 2021. To curb illegal immigration, advanced airport technologies are being increasingly used. In this regard, airport technology in the form of facial recognition has led to many arrests for illegal immigration at airports. Similarly, technologies such as Mobile Passport Control (MPC) and radio-frequency identification (RFID) based tracking solution have been deployed in many airports. The MPC technology uses a mobile app that allows US citizens or visitors from Canada to expedite their entry into the USA. This app has been approved by the U.S. Customs and Border Protection (CBP).
How is the airport technologies market segmented?
The airport technologies market covered in this report is segmented –
1) By Type: Airport Digital Signage Systems, Car Parking Systems, Airport Communications, Landing Aids, Guidance and Lighting, Passenger, Baggage and Cargo Handling Control Systems, Airport Management Software
2) By Airport Size: Small, Medium, Large
3) By Application: Domestic Airport, International Airport
Subsegments:
1) By Airport Digital Signage Systems: Wayfinding Signage, Advertising Digital Displays, Information And Flight Status Displays
2) By Car Parking Systems: Automated Parking Systems (APS), Parking Guidance Systems (PGS), Ticketing And Payment Systems
3) By Airport Communications: Public Address Systems (PA), Intercom Systems, Radio Communication Systems
4) By Landing Aids: Instrument Landing Systems (ILS), Precision Approach Path Indicators (PAPI), Runway Visual Range (RVR) Systems
5) By Guidance and Lighting: Runway And Taxiway Lighting, Airport Ground Lighting Systems, Visual Docking Guidance Systems (VDGS)
6) By Passenger, Baggage, and Cargo Handling Control Systems: Baggage Handling Systems (BHS), Passenger Boarding Bridges (PBB), Cargo Management Systems
7) By Airport Management Software: Airport Operations Management Software, Flight Information Display Systems (FIDS), Resource And Asset Management Software
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Who are the top competitors in the airport technologies market?
Major companies operating in the airport technologies market include Thales ATM S.A., Honeywell Airport Solutions Inc., Siemens Airports LLC, Raytheon Technologies Corporation, Cisco Systems Inc., Hitachi Ltd., Bosch Security Systems Inc., Rockwell Automation Inc., Analogic Corporation, Smiths Detection International Ltd., Oshkosh Corporation, MATRIX SYSTEMS Inc., DSG SYSTEMS AG, Airport Information Systems Ltd., Garrett Metal Detectors LLC, KUKA Aktiengesellschaft, Pensher Skytech Limited, Vanderlande Industries Holding B.V., Syagen Technology Inc., Arinc Inc., A4 Vision Inc., American LaFrance LLC, Amadeus IT Group S.A., International Business Machines Corporation, Indra Sistemas S.A., ISO-Gruppe GmbH, Leidos Holdings Inc., NEC Corporation, Société Internationale de Télécommunications Aéronautiques, ADB SAFEGATE Holding AG, AirIT Inc., Avinor AS, Boon Edam Inc., Damarel Systems International Ltd., Daifuku Co. Ltd., EASIER Inc., Fentress Architects Ltd., Gentrack Group Limited, Gunnebo AB
What significant trends should we anticipate in the airport technologies market over the forecast period?
Major companies operating in the airport technologies market are focusing on developing technologically advanced solutions, such as cutting-edge digital platforms for airport operations, to enhance operational efficiency and improve the passenger experience. A cutting-edge digital platform for airport operations is an advanced integrated software solution designed to streamline and optimize various airport processes, leveraging modern technologies to enhance efficiency, improve passenger experiences, and facilitate real-time communication among stakeholders. For instance, in September 2024, Adani Airports, an India-based integrated infrastructure and transportation company, launched Aviio, a cutting-edge digital platform designed to enhance the passenger experience and streamline airport operations across its seven airports in India. This innovative platform offers real-time data access for stakeholders, providing crucial updates on security checks, wait times, gate changes, and baggage status. With features like a Smart Airport Operations System and a dedicated avio app for collaboration among airlines, ground handlers, and security personnel, the initiative aims to improve operational efficiencies and foster a seamless travel experience.
Which regional trends are influencing the airport technologies market, and which area dominates the industry?
Asia-Pacific was the largest region in the airport technologies market in 2023. Asia-Pacific is expected to be the fastest-growing region in the airport technologies market report during the forecast period. The regions covered in the airport technologies market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What Does The Airport Technologies Market Report 2025 Offer?
The airport technologies market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Airport technologies refers to the use of modern technology in the airport premises to enhance the passenger’s overall experience. These systems enhance the efficiency, safety, security, and overall passenger experience in airport operations.
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