Global Smart Airports Strategic Business Report 2024-2030: Terminal Side Segment Exhibiting Strong Growth - Next-Gen Airports to Transform Future Travel

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Feb 20, 2024, 12:00 ET

DUBLIN, Feb. 20, 2024 /PRNewswire/ -- The "Smart Airports - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global Smart Airports Market to Reach $40.4 Billion by 2030

The global market for Smart Airports estimated at US$16.1 Billion in the year 2022, is projected to reach a revised size of US$40.4 Billion by 2030, growing at a CAGR of 12.2% over the analysis period 2022-2030. Terminal Side, one of the segments analyzed in the report, is projected to record a 11.7% CAGR and reach US$26 Billion by the end of the analysis period. Growth in the Airside segment is estimated at 13.5% CAGR for the next 8-year period.

Smart airports are revolutionizing the travel experience by leveraging connected, intelligent, digitized, and personalized solutions, aiming to elevate passenger journeys to new heights. These airports offer a seamless, stress-free experience, driven by advanced technology and a need to modernize infrastructure. Digital technologies form the backbone of smart airport ecosystems, enhancing security, efficiency, and passenger comfort.

Amid the pandemic, the importance of technology adoption in airports has surged, with smart solutions gaining prominence to ensure safe and efficient travel. Post-pandemic, airports are prioritizing evolving technological needs to adapt to changing travel patterns and passenger expectations. Major technologies driving smart airports include security systems, biometrics, IoT, and data analytics, enabling a transformative travel experience.

The global market outlook for smart airports is promising, with developed regions leading the way in infrastructure upgrades and technology adoption. Terminal-side upgrades dominate spending, reflecting a focus on enhancing passenger experience and operational efficiency. While developed regions lead, developing markets are poised for significant growth, driven by increasing air travel demand and infrastructure investments.

Competition in the smart airports market is intense, with key players vying for market share and innovation. Companies exhibit strong, active, or niche market presence, leveraging recent market activity and influencer insights to drive technological advancements and stay ahead of the curve. As technology continues to evolve, smart airports will play a pivotal role in shaping the future of air travel, offering passengers a technology-rich and seamless journey experience.

The U.S. Market is Estimated at $3.9 Billion, While China is Forecast to Grow at 15.8% CAGR

The Smart Airports market in the U.S. is estimated at US$3.9 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$4.8 Billion by the year 2030 trailing a CAGR of 15.8% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.6% and 10% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 10.6% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$5.8 Billion by the year 2030.

MARKET TRENDS & DRIVERS

Next-Gen Airports with Cutting-Edge Technology to Transform Future Travel
How Do Smart Airports Differ from Airports Yet to be Digitalized?
Key Components of Airport Digitalization
Innovative Smart Airport Applications
Collective Endeavors Vital for Advancing Airport Modernization
Encouraging Recovery of the Aviation Industry and Increase in Air Travel to Spur Opportunities
Factors Impacting Adoption of Intelligent Technologies in Airports
Growing Expectations of Business Travelers Promote Technology Adoption at Airports
Growing Investments in Airport IT Infrastructure Drive Healthy Growth in Spending on Smart airports
Why Investments in Smart Airports are Important?
Passenger Self Service Processes Dominate Airport Investments
Cloud Services Remain the Preferred ICT Technology for Airport Investments
Smart City Initiatives Fuel Large-Scale Adoption of Smart Airport Solutions
Rapid Rise of Digital Passenger with Mobile Device Connectivity: An Important Enabler of Smart Airport Technologies
Productivity Gains to Catalyze Implementation of Mobile Technology
All-time Connectivity: The Essential Requirement for Enhancing Passenger Experience
Dynamic Resource Allocation through Technology Adoption
Airports Offer Innovative Mobile-based Services for the Always-Connected Traveler
Mobile Apps for Efficient Information Dissemination
Mobile Capabilities for Collection and Sharing of Actionable Information
Smart Airports Use Social Media for Direct Engagement with Digital Passengers
Proliferation of Smart, Connected Mobile Devices Drive Digital Passengers Growth
Private 5G Networks Beneficial for Airports
Data Security and System Integration: Key Challenges for Airports in Tapping Intended Value
Internet of Things (IoT) Technology Promises Huge Benefits for the Market
Smart Airport Architecture through Integration of RFID and IoT
IoT-Enabled Beacons Offer Vast Prospective Applications
Rising Popularity of Smart Self-Service Airport Processes Drive Market Penetration
Self-Check-in Kiosks Significantly Reduce Passenger Waiting Times
Self-Service Boarding Gates Eliminate Long Queues
Common Use Self-Service Kiosks (CUSS) Cut Down Staffing Costs for Airports
Baggage Handling at Airports Becomes Smart, Bodes Well for the Market
Smart Technologies Aid in Reducing Baggage Mishandling Rates
IATA's Resolution 753 Necessitates Continuous Baggage Monitoring & Tracking
Biometrics: A Vital Technology for Achieving Airport Automation
Installations of Fingerprint Recognition & Advanced Palm Print Technology Gain Traction
3D Face Recognition to Drive Facial Recognition Biometrics Use for Traveler Verification
Iris Biometrics Witness Increasing Popularity at Prominent Airports
Mounting Security Risks & Need to Reduce Congestion Drives Demand for Biometric Automated Border Controls and e-Gates
Need to Address Privacy Challenges Drives Adoption of Smart Airport Security Technologies
Persistent Terror Threat Provides Impetus to Airport Security Market
Cybersecurity Threats and Means to Tackle
Airport Security to Benefit from Biometric Smart Gates
Smart Technologies Promote Diversification of Revenue Generation for Airports
Smart Airports Offer Luxury Brand Experience to Travelers
Data Generated by Smart Airports Provides New Revenue Generation Opportunities for Operators
Investments in Smart Airport-Related Sensor Technologies Lend Traction to Market Growth
Wearable Technology: The Next Big Thing for Smart Airports Implementation
Growing Prominence of Advanced Wireless Technologies in Smart Networks Favors Market Demand
Extensive Applications of Business Intelligence Solutions Provides the Perfect Platform for Market Growth
BI Solutions: Playing a Prominent Role in Deriving Value from Information
Business Intelligence Solutions for Collaborative Decision Making at Airports
Smart Airports to Take-off with Power Drive from Security Technologies
Technology Trends Augmenting Airport Security
IoT Security as Tower of Strength for Emerging Smart Airports
Air Traffic Management Attains New Milestone with Remote Air Traffic Control Towers
Smart Airports Eye Sophisticated Communications Solutions for Better Operations
Notable Technology Trends to Play Critical Role in Development of Smart Airports
Automation, AI, and Data Management: Game Changing Technologies for Airports of the Future
Artificial Intelligence (AI) for Airport Turnaround Process Paves Way for Smart Airports
How AI Technology is Enhancing Airport Operations
Major Challenges that Highlight the Need to Embrace AI in Airport Management
Key Benefits of Implementing AI Technology in Airport Operations
Key Considerations and Challenges of Implementing AI in Airport Operations
Cloud Computing: Enabling Cost-Effective Transformation of Airports into Smart Airports
Cloud Computing Advancements Drive Adoption Smart Airport Technologies
Cloud-based IT Solutions to Deliver Efficient Airside Services
Blockchain: A Promising Technology for Smart Airports
Climate Change Impact and Focus on Efficiency Drives Focus onto Smart airports
Growing Need for Sustainability in Airport Operations Presents the Case for Smart, Futuristic Airports
Smart Airports for Making Economies Sustainable
Innovations & Advancements Spur Opportunities in the Smart Airports Space
How Technology is Contributing in Making Airports Smarter
Smart Airports of the 2020s and 2030s
Myriad Technologies Work Together to Make Airports of the Future Smarter
What are the Technological Possibilities for Airports of the Future?
Beacons Technology Revolutionizes Passenger Travel Experience
Smart Lighting Solutions for Smart Airports
A Glance at Select Innovations with Potential to Transform Airport Operations
Rapid Urbanization & Expanding Middle Class: Megatrends Favoring Market Growth

FOCUS ON SELECT PLAYERS (Total 70 Featured)

Amadeus IT Group, S.A.
Ascent Technology, Inc.
Cisco Systems, Inc.
Daifuku Co., Ltd.
Ericsson AB
Gentrack Group Limited
Honeywell Building Solutions, Inc.
International Business Machines Corporation (IBM)
Indra Sistemas, S.A.
Leonardo S.p.A.
NEC Corporation of America
NICE Ltd.
QinetiQ Group plc
Raytheon Company
RESA Airport Data Systems SAS
Sabre Airline Solutions Inc.
Siemens Aktiengesellschaft
SITA SA
Thales S.A.
Vanderlande Industries
Wipro Limited

For more information about this report visit https://www.researchandmarkets.com/r/hf93xd

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