Market Insights:
The Smart Airports Market was valued at USD 3.6 Bn in 2021, at CAGR of 18.4% during the forecast period (2022-2030), and the market is projected to be worth USD 16.7 Bn by 2030.
Driver:
The increased adoption of Smart Airports in the Next Generation industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Smart Airports also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Smart Airports in many sectors also boosts the market growth during the forecast period.
A smart airport, also known as intelligent infrastructure, is a concept based on the notion of the future smart city, smart building, and factory. Communication systems, freight and baggage handling, ground handling, security systems, vehicle parking solutions, air traffic management, aircraft hangars, aircraft parking, and the airport area are all part of the infrastructure for smart airports. Passenger and staff notification systems, information display systems, lighting systems, and announcement systems are among the various functions at the terminal side section.
Smart Airports Market Research Report” was just released by Market Research Community. It is divided into several categories, including type (Types), application (Application, Others), and companies (SITA, Honeywell International Inc., Siemens AG, Thales Group, and Indra Sistemas, S.A, Collins Aerospace, IBM Corporation, Huawei Technologies Co., Ltd, Cisco Systems, Inc., Sabre Corp, Amadeus IT Group SA.), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 18.4%, over the forecast period of 2022–2030.
Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2018-2030 |
| Market Size in 2030 (USD Billion) | 16.7 Billion |
| CAGR (2022-2030) | 18.4% |
| By System Type | Communication & Network systems, End devices, Data storage, Software & solutions. |
| By Application | Landside, Terminal side, Airside. |
| By Airport size | Large, Medium, Small. |
| By End Use | Implementation, Upgrades & Services. |
| By Type | Airport 2.0, Airport 3.0, Airport 4.0. |
| By Operation | Aeronautical, Non-aeronautical. |
| By Geography | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Key Players | SITA, Honeywell International Inc., Siemens AG, Thales Group, and Indra Sistemas, S.A, Collins Aerospace, IBM Corporation, Huawei Technologies Co., Ltd, Cisco Systems, Inc., Sabre Corp, Amadeus IT Group SA. |
Covid-19 Impact:
The COVID-19 pandemic has had a substantial negative influence on the Smart Airports market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
SITA, Honeywell International Inc., Siemens AG, Thales Group, and Indra Sistemas, S.A, Collins Aerospace, IBM Corporation, Huawei Technologies Co., Ltd, Cisco Systems, Inc., Sabre Corp, Amadeus IT Group SA.
Market Segment Analysis:
By System Type
- Communication & Network systems
- End devices
- Data storage
- Software & solutions
By Application
- Landside
- Terminal side
- Airside
By Airport size
- Large
- Medium
- Small
By End Use
- Implementation
- Upgrades & Services
By Type
- Airport 2.0
- Airport 3.0
- Airport 4.0
By Operation
- Aeronautical
- Non-aeronautical
Region
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Smart Airports industries in the region.
Key Smart Airports Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Smart Airports Market segments.
– Largest Market Share Held by Industry to Industry for Smart Airports
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Smart Airports Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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Research Methodology
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