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

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.