Smart Airport Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

Overview and Scope
Smart airports are airports that rely on the use of connected technologies such as intelligent building management, cyber security, GPS and sensor, Internet of Things (IoT), blockchain, and Artificial Intelligence (AI) to enable operational employees in performing planning and operational chores digitally while also optimizing passenger flows and staff activities around the airport.

Sizing and Forecast
The smart airport market size has grown rapidly in recent years. It will grow from $7.61 billion in 2023 to $8.66 billion in 2024 at a compound annual growth rate (CAGR) of 13.7%. The growth in the historic period can be attributed to enhanced passenger experience, airline cost reduction, environmental sustainability, efficient airport operations, remote and self-service check-in..

The smart airport market size is expected to see rapid growth in the next few years. It will grow to $14.02 billion in 2028 at a compound annual growth rate (CAGR) of 12.8%. The growth in the forecast period can be attributed to smart parking and transportation solutions,predictive analytics for resource management, smart retail and commercial spaces, enhancing security measures. Major trends in the forecast period include biometric passenger boarding, contactless technology adoption, blockchain for security and data integrity, artificial intelligence in airport operations, robotic process automation,5g connectivity for enhanced communication..

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Segmentation & Regional Insights
The smart airport market covered in this report is segmented –

1) By Services: Smart Transport & Parking Services, Smart Retail, Hospitality & Entertainment Services, Smart Workplace Services, Smart Airport Processes, Smart Business to Business Services
2) By Infrastructure: Endpoint Devices, Communication Systems, Passenger, Cargo and Baggage Ground Handling Control, Air/Ground Traffic Control, Security Systems, Other Infrastructures
3) By Location: Landside, Airside, Terminal Side
4) By Application: Core Applications, Business Applications
5) By End User: Implementation, Upgrades and Services

North America was the largest region in the smart airport market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the smart airport market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth
Companies in the aviation industry across the world are focusing on green initiatives to protect the environment. Multiple airline companies are trying to become more sustainable. According to the International Council on Clean Transportation (ICCT), air travel produces about 3% of global carbon dioxide emissions, and it is one of the fastest-growing sources of greenhouse gases. In order to reduce emission of greenhouse gases, companies in the aviation market are focusing on taking green initiatives. For example, in October 2021, All Nippon Airways (ANA) a Japan-based aviation company launched SAF Flight Initiative, The SAF Flight Initiative builds on ANA’s previous work blank in this area and wants to collaborate with key partners from a variety of industries to support their efforts to reduce emissions in value chains while also expanding SAF manufacture and use. ANA is adhering to the standards specified in the GHG Protocolblank, which demands corporations to eliminate all emissions, even those created indirectly by activities outside of their primary business.

Key Industry Players
Major companies operating in the smart airport market report are Amadeus IT Group SA, CISCO System Inc., Collins Aerospace, Daifuku Co. Ltd., Ascent Technologies Inc., Honeywell International Inc., Huawei Technologies Co. Ltd., International Business Machines Corporation, Indra Sistemas S. A., ITALIA TRASPORTO AEREO S. P. A., L3Harris Technologies Inc., Raytheon Technologies Corporation, RESA, Lufthansa Systems GmbH & Co. KG., Sabre Corporation, Siemens AG, Société Internationale de Télécommunications Aéronautiques, Thales Group, T-Systems International GmbH, Vision-Box Inc., Wipro Limited, Zensors. Inc., ADELTE – The Boarding Company, Ansul, Deerns Airport System Consultants, FB TECHNOLOGY, Gentrack Group Limited, Beumer Group GmbH & Co. KG, Bosch security systems GmbH, Schneider Electric SE

The smart airport market report table of contents includes:

1. Executive Summary

2. Smart Airport Market Characteristics

3. Smart Airport Market Trends And Strategies

4. Smart Airport Market – Macro Economic Scenario

5. Global Smart Airport Market Size and Growth

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31. Global Smart Airport Market Competitive Benchmarking

32. Global Smart Airport Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Smart Airport Market

34. Smart Airport Market Future Outlook and Potential Analysis

35. Appendix

Top Major Players:

Amadeus IT Group SA

CISCO System Inc.

Daifuku Co. Ltd

Ascent Technologies Inc

Honeywell International Inc

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