According to a new market report published by Lucintel, the future of the global smart airport market looks promising with opportunities in the aeronautical and non-aeronautical segments. The global smart airport market is expected to grow with a CAGR of 20% from 2021 to 2026. The major drivers for this market are increasing use of self-service technologies, growing need for real-time information, and growing commercial aviation.
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Smart airports use security system, passenger screening, cargo & baggage handling, communication system, endpoint devices, air/ground traffic control, and others. On the basis of comprehensive research, Lucintel forecasts that cargo & baggage handling will remain the largest technology segment, and it is also expected to witness the highest growth over the forecast period due to increasing customer demand for ease in carrying and receiving baggage, self-scanning, and security check, and direct transfer to the final segment. This process reduces customer time and efforts as compared to the traditional systems.
Within the global smart airport market, the non-aeronautical segment is expected to witness the highest growth over the forecast period due to high investments in the digitization of airfield ecosystem and services such as retail outlets, restaurants, smart parking, Wi-Fi, advertising, lounge access and personalized services.
APAC is expected to remain the largest market and witness the highest growth over the forecast period due to high government investments in infrastructure transformation and providing world-class services and facilities to passengers. The increased popularity of the tourism industry in India and the emergence of industrialization are encouraging the consumption of air travel facilities.
Emerging trends, which have a direct impact on the dynamics of the industry, include modernization of old airports with advancement of technology, development in commercial aviation, and implementation of biometrics at airports. Rockwell Collins, Honeywell International Inc., Siemens AG, IBM Corporation, SITA, T-Systems International GmbH, Cisco Systems, and Amadeus IT Group SA are among the major suppliers of the smart airport market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global smart airport market by technology, solution, application, and region, and has compiled a comprehensive research report titled “Growth Opportunities in the Global Smart Airport Market 2021-2026: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global smart airport market by technology, solution, application, and region, as follows:
By Technology [Value ($ Million) from 2015 to 2026]:
Security System
Passenger Screening
Cargo & Baggage Handling
Communication System
Endpoint Devices
Air/Ground Traffic Control
Others
By Solution [Value ($ Million) from 2015 to 2026]:
Terminal Side
Airside
Landside
By Application [Value ($ Million) from 2015 to 2026]:
Aeronautical Operations
Non-Aeronautical Operations
By Region [Value ($ Million) from 2015 to 2026]:
North America
United States
Canada
Mexico
Europe
APAC
ROW
This more than 150 page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.