Welcoming the New Normal in the Post COVID Era! Here is New Intel that Will Help Understand the Growth & Opportunity for Smart Airports
The global market for Smart Airports is projected to reach US$22.6 billion by 2025, driven by surging passenger traffic, growing investments in airport modernization and increasing investments in disruptive technologies that help improve the efficiency and effectiveness of airport operations.
Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global Smart Airports market. Report segmentation includes Solution Type (Terminal Side, Other Solution Types); Technology (Ground Handling Control, Security Systems, Air/Ground Traffic Control, Communication Systems, Other Technologies); End-Use (Aeronautical Operations, Non-Aeronautical Operations) ).
7 June 5:37 A.M., California/Marketwire/ - According to the new market research report, the global market for Smart Airports is projected to reach US$22.6 billion by 2025, driven by surging passenger traffic, growing investments in airport modernization and increasing investments in disruptive technologies that help improve the efficiency and effectiveness of airport operations. As the aviation industry expands beyond its current capacity, what we need is technology to improve passenger safety and flying experience. In other words, with passenger traffic rising worldwide, security threats are spiraling and finite resources are becoming constrained by the day. Technology is the need of the hour to squeeze the maximum benefit of scarce resources. Digital technologies help improve overall airport facility management and operation with less resources.
Smart airport technologies help combine automation and mass personalization of passenger journey. Growing in popularity is non-intrusive, on-the-move facial recognition and bag scanning as a technology that eliminates the hassles of security search and need for security personnel. Growing airport competition and the resulting need to elevate passenger experience through connected, intelligent, digitalized, and personalized solutions ranks as one among the key drivers of growth. Future growth in the market will also be driven by escalating interest in automation technologies to ease the burden on airport infrastructure and workforce and rising demand for smart technologies that enable real-time information sharing and collaboration. Few of the noteworthy trends in the market include all consuming need to reduce operational costs and the resulting increased investments in airport self-service technologies like self-check-in; growing airport development and expansion activity and the ensuing demand for intelligent airport facility management technologies; growing prominence of Internet of Things (IoT) based airport management system and cloud computing based services; mounting security risks and the ensuing installation of fingerprint recognition, advanced palm print technology, automated border controls and e-gates. Personalized wayfinding is a smart technology that enables intervention-free guiding of passengers through terminals. The market will therefore benefit from the rise of Bluetooth enabled beacon technology to provide continued assistance to passengers throughout their journey with personalized messages and real-time updates.
Key Competitors Covered in the Report
Amadeus IT Group SA
Ascent Technology, Inc.
Cisco Systems, Inc.
Daifuku North America Holding Company
Honeywell Building Solutions
Indra Sistemas, S.A
NEC Corporation of America
NICE Systems Ltd.
QinetiQ Group PLC
Selex ES S.P.A
Geographies Analyzed in the Report
Europe (France, Germany, Italy, UK, Spain, Russia, Rest of Europe)
Asia-Pacific (Australia, India, South Korea, Rest of Asia-Pacific)
Latin America (Argentina, Brazil, Mexico, Rest of Latin America)
Middle East (Iran, Israel, Saudi Arabia, UAE, Rest of Middle East)
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. All analysis and findings published in the report are based on validated engagements from a total executive pool size of 25117. Among this pool, 2261 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 502 unique participations, a total of 226 validated responses were received as part of this report's primary research outreach program. We are unique in the industry to provide our clients with the validated list executive engagements and the complete project data stack.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (www.strategyr.com) is the world's only influencer driven AI powered market research company. Serving more than 41,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for 33 years, offering the widest coverage of topics, geographic markets, competitive brands, and companies profiled.
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Global Industry Analysts, Inc.