Smart Airport Market Overview:
The Smart Airport Market Research Report covers a detailed analysis of strategy, micro and macro market trends and scenarios, pricing analysis, and short-term market circumstances, as well as an in-depth look at the main rivals. The report covers future trends that are expected to drive the development of the Smart Airport Market.
Anticipated Growth Rate for Smart Airport Market:
Smart Airport Market size was valued at USD 5.60 Billion in 2023 and the total Global Smart Airport Revenue is expected to grow at a CAGR of 16.1 % from 2024 to 2030, reaching nearly USD 15.92 Billion in 2030.
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The smart airport market is undergoing significant transformations, driven by technological advancements, operational efficiency goals, and enhanced passenger experiences. Here’s an overview of recent developments:
Technological Innovations and Implementations
- Remote Ground Operations at Gatwick Airport: Gatwick Airport in the UK is trialing “smart stands” that allow remote management of aircraft docking and jet bridge operations. This initiative aims to reduce delays caused by ground staff shortages and improve turnaround times .
- Shannon Airport’s Advanced Mobile App: Shannon Airport in Ireland has launched a pioneering mobile app featuring smartwatch integration for real-time flight updates and an Augmented Reality (AR) tool to check carry-on luggage sizes. The app also offers streamlined parking solutions and interactive maps to enhance passenger convenience .
- Digital Twin Technology at Aberdeen Airport: Aberdeen International Airport is implementing digital twin technology to manage flight turnaround events more efficiently. This approach uses virtual representations of airport operations to optimize scheduling and reduce delays .
Market Growth and Trends
- Market Expansion: The global smart airport market is projected to grow from USD 4.05 billion in 2023 to USD 11.56 billion by 2030, with a compound annual growth rate (CAGR) of 16.1% .
- Regional Developments:
- North America: Leading the market with significant investments in AI and biometric technologies to enhance passenger processing .
- Europe: Airports like Munich are focusing on automation and sustainability, integrating smart passenger handling systems .
- Asia-Pacific: Experiencing rapid growth due to increasing air travel demand, with airports adopting advanced technologies to manage passenger flow
Security and Operational Enhancements
- AI and Machine Learning Integration: Airports are incorporating AI and ML to optimize baggage routing, enhance security threat assessments, and provide real-time information through chatbots and virtual assistants .
- Advanced Surveillance Systems: Implementation of biometric identification and AI-powered analytics is strengthening airport security infrastructure, enabling proactive threat detection and response .
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Smart Airport Market Segmentation:
by Product Type
Airport 2.0
Airport 3.0
Airport 4.0
by Application
Airside
Terminal Side
Landside
by Airport Size
Large
Medium
Small
by Operation
Aeronautical
Non-aeronautical
by End User
Implementation
Upgrades & Services
Airside has the biggest market share of 44.30% by application. To improve the effectiveness of airside operations, smart airports make use of a variety of technologies, including automated weather monitoring, advanced surface movement guidance and control systems (A-SMGCS), and airport collaborative decision-making (A-CDM) systems. The solutions improve total aircraft movements, cut down on taxiing delays, and optimise runway and gate allocation. To speed up aircraft turnaround times, smart airports use automated ground handling equipment such baggage handling systems, aircraft towing trucks, and fuelling systems. The innovations improve operating safety, cut down on delays, and use less fuel.
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Smart Airport Market Key Players:
1. Honeywell International Inc.
2. Siemens AG
3. Cisco Systems, Inc.
4. IBM Corporation
5. Thales Group
6. SITA
7. Amadeus IT Group
8. NEC Corporation
9. Collins Aerospace (formerly Rockwell Collins)
10. Indra Sistemas
11. Huawei Technologies Co., Ltd.
12. Raytheon Technologies Corporation
13. FACC AG
14. Leidos Holdings, Inc.
15. Bosch Security Systems
16. Hitachi, Ltd.
17. AirIT
18. Vanderlande Industries
19. Unisys Corporation
20. Smiths Detection
Key Offerings:
- Market Overview
- Market Share
- Market Size
- Forecast by Revenue
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by segments, sub-segments and region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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