Global Smart Airport Market, By Infrastructure (Endpoint Devices, Others), By Solutions (Airside, Others), By Airport Size (Small, Medium, Large), By Application, By Services, By Airport Model, By Airport Operation, Estimation & Forecast, 2027 , Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Smart Airport market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Smart Airport market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region
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Market Introduction
The global smart airport market held a market value of USD 27,485.5 Million in 2020 and is estimated to reach USD 54,862.1 Million by the year 2027. The market is anticipated to register a CAGR of 10.9% during the forecast period.
Smart airports use connected technologies, such as GPS, sensors, and the internet of things for performing planning & operations digitally and also support operational staff as well as optimize passenger flows and the activities of the airport staff across the airport.
The market is anticipated to grow owing to the growth of the air travel & tourism industry, increase in the passenger & cargo traffic, and rising rate in the development of smart cities are the factors driving the market growth. Furthermore, the increasing investment in the development or augmentation of the airports and technological advancements leading to process optimization are also expected to boost the market growth.
The market is expected to be negatively influenced by the high initial and maintenance cost for the development of smart airports. In addition to this, the risk of system failure and privacy concerns in smart airport systems is also expected to restrain the market growth during the forecast period.
Growth Influencers:
Growth of the air travel & tourism industry
The air travel and tourism industry is growing at a tremendous rate. According to the Air Transport Action Group, around 58% of all international tourists travel by air. Therefore, the tourism and aviation industries are sustainably dependent on each other for their growth. The same source also stated that the tourism sector provided around 319 million jobs in 2018 and is expected to provide 421 million jobs by 2029, globally. This demonstrates that the tourism industry is rapidly growing, which is also anticipated to increase demand for enhanced customer experiences as well as tools & systems for managing the airports efficiently. This is expected to boost the adoption of smart airport features, hence driving the market growth.
Increase in passenger and cargo traffic
The rapidly increasing passenger as well as cargo traffic is expected to drive the market growth for smart airports. According to the Airports Council International, the air cargo traffic and passenger traffic are expected to grow at an average annual growth rate of 2.3% and 3.7%, respectively from 2018 to 2040. It also stated the regional contribution to international passenger traffic growth from 2018 to 2040. These contribution growth rates were 37.3%, 31.5%, 12.2%, 8.8%, 7%, and 3.2% in the Asia Pacific, Europe, Middle East, North America, Latin America Caribbean, and Africa, respectively. Such high growth rates are also expected to boost market growth.
Segments Overview:
The global smart airport market is segmented into infrastructure, solutions, application, services, airport model, airport size, and airport operation.
By Infrastructure,
• Endpoint Devices
o Sensors
o Tags
o IP Phone
o Video Conferencing (Audio/ Video)
• Communication Systems
o Wireless Airports
o Smart Phones
o Near Field Communication
o Social Media
• Passenger, Cargo, and Baggage Ground Handling Control
o IoT Enabled Beacons
o Robots for Passenger and Baggage Movement
o Common-use Self-service (CUSS) Kiosks
o RFID Baggage Reconciliation System
o E-Gates
• Air/Ground Traffic Control
o Systems & Scalable Air Traffic Management Solutions (ATM)
o Automated Passport Controls
• Security Systems
o Biometrics
o Alerts & Cyber Security
o E-Fence & Ground Surveillance Radar
o E-Tag System
• Others (Airport Management Software, Navigational, Digital Signage, Landing Aids)
The passenger, cargo, & baggage handling control segment accounted for the largest market share of over 27% owing to the rapidly growing passenger traffic, which is also increasing pressure on airport operators to boost their passenger handling capacity. The security systems segment is anticipated to grow at the fastest rate of 10.7%. Within the communication systems segment, the smartphones segment is expected to grow at a CAGR of 10.2% during the projected period.
By Solutions,
• Terminal Side
o HVAC
o Lighting Control
o Digital Video Surveillance and Management (DVM)
o Fire and Life Safety Solutions
o Energy Management
o Life Cycle Services
o Building Management and Automation Systems
• Air Side
o Advanced Visual Docking Guidance System (A-VDGS)
o Airfield Ground Lighting (AGL)
o Surface Movement Guidance
o Runway Improvement and Apron Management
o Digital and Radar Video Surveillance
• Landside
o Parking
o Access Roads
o Perimeter Security
o Car Rental
o Mass Transit
o Airport City
The terminal side is estimated to hold the largest market share of about 60% owing to the rising demand for installation of artificial intelligence-based advanced equipment and systems on the terminal side of the airports. Within the terminal side, the energy management segment is anticipated to grow at the CAGR of 13% and within the landside segment; the perimeter security segment is estimated to grow at a CAGR of 11.9%.
By Application,
• Core Applications
o Content Management
o Business Intelligence
o Next-Generation Web
o Collaboration
o Integration
• Business Applications
o Noise Abatement
o Fee Management
o Performance Management
o Gate Management
The business applications segment is expected to hold the largest market share, as well as is expected to witness the highest growth rate owing to the increasing focus of market players on applications, such as noise abatement and performance management.
By Services,
• Smart Transport & Parking Services
o Real-time Travel Services
o Intelligent Transport Services
o Trip Concierge
• Smart Retail, Hospitality & Entertainment Services
o Passenger-Specific Retail and Hospitality
o Intelligent Advertising
o Lean Retail Solutions
o Telepresence Rooms
• Smart Workplace Services
o Equipment Telematics Solutions
o Mobile Worker and Expert Locator
• Smart Airport Processes
o Location-Based Services
o RFID Baggage Tagging
o No-queue Check-in Solutions
• Smart Business to Business Services
o Traffic and Facilities Management
o Smart Supply-Chain and MRO Services
The smart transport & parking services segment is expected to hold the largest market share of around 34%, owing to the increasing passenger traffic. The smart airport processes segment is estimated to grow at the fastest rate of 15.7% over the forecast period.
By Airport Model,
• Airport 2.0
• Airport 3.0
• Airport 4.0
The airport 3.0 segment accounts for the largest share while the airport 4.0 segment registered the fastest growth rate. Airport 4.0 assists in managing connectivity as well as real-time information by connecting stakeholders in an integrated digital ecosystem, which promotes market growth.
By Airport Size,
• Small
• Medium
• Large
The large airport size segment accounted for the largest market share owing to the high demand for advanced systems at these airports. They also experience high demand for customization of systems, which also contributes to the market growth.
By Airport Operation,
• Commercial Service Airports
• Cargo Service Airports
• General Aviation Airports
The commercial service airports segment is expected to grow at the fastest rate owing. Commercial service airports provide personalized services and assist in enhancing customer experiences, which contributes to the market growth.
Regional Overview
On a regional basis, the global smart airport market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
The North American region accounted for the largest market share of more than 34% in the global market owing to the rising spending on modernizing their airports. Furthermore, according to the Airports Councils International, the U.S. is expected to hold 21% of the total air cargo traffic in the world by 2040. This is also estimated to boost market growth.
The Asia Pacific region is anticipated to hold the second-largest market size. According to the Airports Councils International, 6 of the top 10 fastest growing countries for passengers from 2018 to 2040 are situated in the Asia Pacific region. These countries with their annual passenger growth rate are Vietnam (6.2%), India (6.1%), Philippines (5.3%), Indonesia (5.2%), China (4.7%), and Malaysia (4.4%). This also positively impacts the region’s growth.
Competitive Landscape
Key players operating in the global smart airport market include 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, and Zensors, among others.
Major 10 players in the market hold approximately 72.2% of the market share. These market players are investing in product launches, collaborations, mergers & acquisitions, and expansions to create a competitive edge in the market. For instance, in July 2021, Collins Aerospace collaborated with the International Air Transport Association for supporting their Travel Pass digital health platform. The pass assists passengers to store, share, and manage the verified test results and information, which may be required for traveling to other countries.
The global smart airport market report provides insights on the below pointers:
• Market Penetration: Provides comprehensive information on the market offered by the prominent players
• Market Development: The report offers detailed information about lucrative emerging markets and analyzes penetration across mature segments of the markets
• Market Diversification: Provides in-depth information about untapped geographies, recent developments, and investments
• Competitive Landscape Assessment: Mergers & acquisitions, certifications, product launches in the global Smart airport market have been provided in this research report. In addition, the report also emphasizes the SWOT analysis of the leading players.
• Product Development & Innovation: The report provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The global Smart airport market report answers questions such as:
• What is the market size and forecast of the Global Smart airport Market?
• What are the inhibiting factors and impact of COVID-19 on the Global Smart airport Market during the assessment period?
• Which are the products/segments/applications/areas to invest in over the assessment period in the Global Smart airport Market?
• What is the competitive strategic window for opportunities in the Global Smart airport Market?
• What are the technology trends and regulatory frameworks in the Global Smart airport Market?
• What is the market share of the leading players in the Global Smart airport Market?
• What modes and strategic moves are considered favorable for entering the Global Smart airport Market?
What is market research report?
Market research is a defined process to collect information about customers, competitors, and everything that a business needs to understand to sustain and grow. It offers important analysis to distinguish and examine the market needs, size, and trends. Market research is generally divided into, primary research and/or secondary research. The process usually includes collection and interpretation of market data by using statistical and analytical techniques to support the decision making process. The report helps in identifying and tracking emerging players in the market and their portfolios, enhances decision making capabilities and helps to create effective counter strategies to gain competitive advantage. Market research reports provide in-depth analysis about the market conditions and requirements for effective decision making.
The report provides a snapshot of the global market size, segmentation data, marketing growth strategies, market share, export and import information, analysis and forecast of market trends, competition, domestic production, best sales prospects, statistical data, tariffs, regulations, distribution and business practices, end-user analysis, contact points and more. These research reports include information about competitive strategies, solutions, fact-based research, key takeaways, recommendations, market considerations, emerging business models and market opportunities for multiple segments of an industry. Market research reports assist in solving business problems and making better decisions to improve business as per the prevalent market trends.
Browse market information, tables and figures extent in-depth TOC, The latest independent research document on various market development activities and business strategies such as new product/services development, Joint Ventures, partnerships, mergers and acquisitions, etc. In order to provide a more informed view, a market company profiles include Business Overview, Product / Service Offerings, SWOT Analysis, Segment & Total Revenue, Gross Margin and % Market Share. This report explores market definitions, overview, classification, segmentation, inclusive of market type and applications followed by product specifications, manufacturing initiatives, pricing structures, raw material sourcing and supply chain analysis.
About Data Collection and Research Methodology: Majorly data is collected via primary sources that includes interviews and survey with industry experts from core and related industries, and manufacturers and part suppliers involved in supply chain. Additionally, secondary sources are also utilized like annual reports, whitepapers, press releases etc.
Under COVID-19 Outbreak Impact Analysis:
We analyzed industry trends in the context of COVID-19. We analyzed the impact of COVID-19 on the product industry chain based on the upstream and downstream markets. We analyze the impact of COVID-19 on various regions and major countries.
The impact of COVID-19 on the future development of the industry is pointed out.
Study Explore :
- Market Behavior/ Level of Risk and Opportunity
- End Industry Behavior/ Opportunity Assessment
- Expected Industry Recovery Timeline
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Geographical Breakdown: The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery path of Covid 19 for all regions, key developed countries and major emerging markets.
Countries: Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam
In-Depth Qualitative COVID 19 Outbreak Impact Analysis Include Identification And Investigation Of The Following Aspects: Market Structure, Growth Drivers, Restraints and Challenges, Emerging Product Trends & Market Opportunities, Porter’s Fiver Forces. The report also inspects the financial standing of the leading companies, which includes gross profit, revenue generation, sales volume, sales revenue, manufacturing cost, individual growth rate, and other financial ratios. The report basically gives information about the Market trends, growth factors, limitations, opportunities, challenges, future forecasts, and details about all the key market players.
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The study objectives of this report are:
- To study and analyze the global market size (value & volume) by company, key regions/countries, products and application, history data, and forecast.
- To understand the structure of market by identifying its various subsegments.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- Focuses on the key global manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
- To analyze the growth trends, future prospects, and their contribution to the total market.
- To project the value and volume of submarkets, with respect to key regions (along with their respective key countries).
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
- To strategically profile the key players and comprehensively analyze their growth strategies.
The Study Explore COVID 19 Outbreak Impact Analysis
- What should be entry strategies, countermeasures to economic impact, and marketing channels?
- What are market dynamics?
- What are challenges and opportunities?
- What is economic impact on market?
- What is current market status? What’s market competition in this industry, both company, and country wise? What’s market analysis by taking applications and types in consideration?
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Key Points Covered in Smart Airport Market Report:
Chapter 1, About Executive Summary to describe Definition, Specifications and Classification of Smart Airport market, Applications, Market Segment by Regions North America, Europe or Asia;
Chapter 2, objective of the study.
Chapter 3, to display Research methodology and techniques.
Chapter 4 and 5, to show the Overall Market Analysis, segmentation analysis, characteristics;
Chapter 6 and 7, to show the Market size, share and forecast; Five forces analysis (bargaining Power of buyers/suppliers), Threats to new entrants and market condition;
Chapter 8 and 9, to show analysis by regional segmentation, comparison, leading countries and opportunities; Regional Marketing Type Analysis, Supply Chain Analysis
Chapter 10, focus on identifying the key industry influencer’s, overview of decision framework accumulated through Industry experts and strategic decision makers;
Chapter 11 and 12, Market Trend Analysis, Drivers, Challenges by consumer behavior, Marketing Channels and demand & supply.
Chapter 13 and 14, describe about the vendor landscape (classification and Market Positioning)
Chapter 15, deals with Smart Airport Market sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source.
……..and view more in complete table of Contents
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