USD 22.4 billion
Smart Airport Market Size, Share, Growth Analysis, By System(Communication & Connectivity (Wireless, Near-field Communication RIFD Bluetooth and LPWAN & WLAN), Endpoint Services (Cameras, sensors Displays), By Application(Landside (Intelligent Advertising, Vehicle Parking and Car Rental & Mass Transit), Terminal Side (Building Management, Passenger Screening), By Airport Size(Large, Medium and Small), By Airport Technology(Airport 2.0, Airport 3.0 and Airport 4.0), By Operation(Aeronautical (Content Management, Business Intelligence, Real-time Services and Supply Chain Management), and Non-Aeronautical (Real-time Services), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG20W2005 |
Region:
Global |
Published Date: July, 2024
Pages:
202
|Tables:
59
|Figures:
75
Smart Airport Market Insights
Global Smart Airport Market size was valued at USD 6.90 billion in 2022 and is poised to grow from USD 7.13 billion in 2023 to USD 322.01 billion by 2031, growing at a CAGR of 3.30% in the forecast period (2024-2031).
The increased adoption of automated and connected airport processes, such as self-service check-ins, smart baggage drop, and smart luggage tracking, has played a significant role in the growth of the market. This growth can be attributed to the widespread implementation of these technologies, which have improved efficiency and convenience for passengers. Furthermore, there is a growing demand for technologically-advanced non-aeronautical systems, communication systems, and security systems like electronic bag tags. These advancements are expected to further drive the market growth in the foreseeable future. Airports are increasingly incorporating emerging technologies and devices, including smart access control systems, fingerprint readers, and smart card technology, to enhance the overall passenger experience. The introduction of smartphone-based airport applications has enabled passengers to access real-time information such as gate numbers, arrival times, directions to the airport, check-in lines, and flight bookings. Companies worldwide are making significant investments in IT and digital technology to streamline their business processes and offer value-added services to customers. Many airports are now prioritizing passenger self-service solutions and planning to implement new technologies like Bluetooth-enabled beacons to provide connected airport solutions. The current airport operation and business models have led to remarkable growth in the airline industry. Industry participants are increasingly concerned about heightened competition, which has prompted a shift towards a customer-centric and data-driven approach to enhance operational efficiency. Additionally, airports worldwide are embracing Airport 3.0, aiming to leverage the benefits of emerging technologies with advanced capabilities.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Security Systems
Fastest Growth
Security Systems
Growth Rate
10.9% CAGR
Global Smart Airport Market ($ Bn)
Country Share for North America Region (%)
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Smart Airport Market Segmental Analysis
The global smart airport market is segmented by system, application, airport technology, airport size, operation and region. Based on system, the market can be segmented into communication & connectivity (wireless, near-field communication RIFD Bluetooth and LPWAN & WLAN), endpoint services (cameras, sensors display, tags, wearables and beacons), data storage (cloud and on-premises) and software & solutions (software & applications, data analytics, platforms and managed services). Based on application, the market is segmented into landside (intelligent advertising, vehicle parking and car rental & mass transit), terminal side (building management, passenger screening, passenger experience, staff & crew management, behavioural analytics, cargo & baggage handling and payment & tokenization), and airside (e-fence, ground support equipment management, aircraft maintenance, air traffic management, noise monitoring, aircraft turnaround management and advanced visual docking guidance system). Based on airport size, the market is segmented into large, medium and small. Based on airport technology, the market is segmented into airport 2.0, airport 3.0 and airport 4.0. Based on operation the market is segmented into aeronautical (content management, business intelligence, real-time services and supply chain management), and non-aeronautical (real-time services, business intelligence, intelligent transport services, inventory management, fee management and resource management). Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Global Smart Airport Market Analysis by Technology
By Technology, the market can be segmented into security systems and communication systems. Security systems, which include biometric authentication, facial recognition, and RFID technology, dominate the market due to the increasing importance of airport security and the need for efficient and effective security systems to ensure passenger safety. With the rise in global terrorism and security threats, the demand for advanced security systems in airports is on the rise, leading to increased investments in this segment.
Communication systems, which include Wi-Fi, Bluetooth, and other wireless technologies, are the fastest-growing segment due to the increasing demand for better connectivity and communication in airports. Passengers expect to be connected at all times and airports are investing in new technologies to offer a seamless communication experience. This includes the use of beacon technology for personalized communication, mobile apps for wayfinding and boarding information, and the integration of social media channels to keep passengers informed and engaged.
Global Smart Airport Market Analysis by Application
By Application, the market can be segmented into airport processes and airside operations. Airport processes, which include security, check-in, boarding, and baggage handling processes, dominate the market due to their crucial role in ensuring the smooth functioning of airports. As passenger traffic continues to increase, airports are investing heavily in new technologies to improve the efficiency and speed of these processes. This includes the use of biometric authentication and facial recognition systems for streamlined security, self-service check-in kiosks, and automated baggage handling systems.
Airside operations, which include aircraft parking, fueling, and maintenance, are the fastest-growing segment due to the increasing demand for efficient aircraft management and maintenance. With the rise in air travel, airports are investing in advanced technologies such as airport collaborative decision-making (A-CDM) systems, which allow for real-time information sharing between airlines and airport operators to optimize aircraft turnaround times. Additionally, the use of IoT-enabled devices and predictive maintenance systems for aircraft maintenance is on the rise, leading to increased demand for these technologies in the airside operations segment.
Global Smart Airport Market Size By Technology (%)
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Smart Airport Market Regional Insights
North America is one of the leading regions in the smart airport market due to the presence of major players in the industry, including Honeywell International Inc., Cisco Systems Inc., and Siemens AG. The United States (US) dominates the North American smart airport market, with a significant number of airports in the country implementing smart airport technologies. Additionally, the US government has taken several initiatives to modernize airport infrastructure, which has further boosted the market growth.
The Asia-Pacific region is the fastest-growing market for smart airports. The region's growth can be attributed to the increasing number of air passengers, particularly in emerging economies such as China and India. China is leading the APAC smart airport market with the country's government investing heavily in smart airport infrastructure. Moreover, the Chinese market has several local players such as Huawei Technologies Co. Ltd., which are providing advanced solutions to airports.
Global Smart Airport Market By Region
- Largest
- Fastest
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Smart Airport Market Dynamics
Global Smart Airport Market Drivers
Increasing demand for enhanced passenger experience and operational efficiency
- One key driver fueling the growth of the global smart airport market is the increasing demand for enhanced passenger experience and operational efficiency. Airports are adopting smart technologies and automation solutions to streamline processes such as self-service check-ins, smart baggage handling, and real-time information access. This enables airports to provide a seamless and convenient travel experience to passengers while improving operational efficiency and reducing costs. The focus on passenger-centric solutions and the need to optimize airport operations are major drivers propelling the growth of the smart airport market.
Global Smart Airport Market Restraints
High implementation and infrastructure costs associated
- One significant restraint hindering the growth of the global smart airport market is the high implementation and infrastructure costs associated with adopting smart technologies. Upgrading existing airport infrastructure and integrating smart systems require substantial investments, which can pose a challenge for airports, particularly those with limited financial resources. Additionally, concerns related to data privacy and cybersecurity can also act as a restraint, as airports need to ensure the protection of passenger information and maintain robust cybersecurity measures to safeguard against potential threats and breaches.
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Smart Airport Market Competitive Landscape
The global smart airport market is characterized by a diverse range of players offering innovative solutions and services. Several companies are actively involved in developing and providing smart airport technologies, including solution providers, system integrators, and software developers. These players compete based on factors such as product offerings, technological advancements, pricing strategies, and customer support. Additionally, partnerships, collaborations, and mergers and acquisitions are common strategies adopted by market players to expand their market presence and gain a competitive edge.
Top Player’s Company Profiles in Global Smart Airport Market
- Honeywell International Inc. (US)
- Siemens AG (Germany)
- Cisco Systems Inc. (US)
- Thales Group (France)
- IBM Corporation (US)
- Amadeus IT Group SA (Spain)
- Collins Aerospace (US)
- SITA (Switzerland)
- NEC Corporation (Japan)
- Huawei Technologies Co. Ltd. (China)
- Rockwell Collins (US)
- Indra Sistemas S.A. (Spain)
- Gentrack (New Zealand)
- T-Systems International GmbH (Germany)
- Vanderlande Industries (Netherlands)
- Wipro Limited (India)
- Infosys Limited (India)
- Intelsat SA (Luxembourg)
- Daifuku Co., Ltd. (Japan)
- NEC Display Solutions (Japan)
Global Smart Airport Market Recent Developments
- In January 2024, Ink and Azinq’s formed a strategic partnership. The new partners will replace the airport management system and DKC common use in a full turnkey solution. Their cloud-based platform will make quick solutions and cost-effective solutions for deployment and management. It will enable smart airport operations while helping reducing operational cost and opening non aviation revenue through advanced retailing capabilities.
- In February 2024, EHang Holdings Limited announced the strategic collaboration with the management committee of Guangzhou Airport Economic Zone, the Administrative Committee of Guangzhou Economic and Technological Development District and Guangzhou Automobile Group Co., Ltd. for creating a robust no attitude industry ecosystem which will Guangzhou's leadership in the trillion-dollar low attitude sector and will facilitate high quality development of low altitude economy.
- In March 2024, Airports Corporation of Vietnam (ACV) and Beijing Daxing International Airport (BDIA) announces strategic partnership ensure the commitment to sustainable development and service excellent values that will propel both airports to greater heights. It will help in facilitating the exchange of best practices, knowledge and expertise and encourage manpower development and foster continuous improvement in operational efficiency, service quality, and passenger experience.
Smart Airport Key Market Trends
- One notable market trend in the global smart airport industry is the growing emphasis on sustainability and eco-friendly initiatives. Airports are increasingly adopting green technologies and practices to reduce their environmental impact. This includes the implementation of energy-efficient systems, renewable energy sources, waste management solutions, and sustainable construction methods. The focus on sustainability aligns with the industry's commitment to environmental responsibility, reducing carbon footprints, and meeting sustainability targets. As environmental concerns continue to gain prominence, integrating sustainable practices into smart airport operations becomes a key trend driving the industry forward.
Smart Airport Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global smart airport market analysis, the market is witnessing significant growth driven by various factors. Increased penetration of automated and connected airport processes, along with the rising demand for technologically-advanced non-aeronautical systems, communication systems, and security systems, contributes to market expansion. Airports are implementing emerging technologies and devices to enhance the passenger experience, while companies are investing heavily in IT and digital technology to streamline operations and offer value-added services. Additionally, the industry is transitioning towards a customer-centric and data-driven approach, with a focus on enhancing operational efficiency. However, challenges such as high implementation costs and concerns regarding data privacy and cybersecurity need to be addressed.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 6.90 billion |
| Market size value in 2031 | USD 322.01 billion |
| Growth Rate | 3.30% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Smart Airport Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Smart Airport Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Smart Airport Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Smart Airport Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Smart Airport Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Smart Airport Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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