𝐋𝐞𝐚𝐫𝐧 𝐇𝐨𝐰 𝐓𝐡𝐢𝐬 ‘𝐒𝐦𝐚𝐫𝐭 𝐀𝐢𝐫𝐩𝐨𝐫𝐭𝐬 𝐎𝐟 𝐓𝐨𝐦𝐨𝐫𝐫𝐨𝐰’ 𝐈𝐬 𝐑𝐞𝐝𝐞𝐟𝐢𝐧𝐢𝐧𝐠 𝐀𝐯𝐢𝐚𝐭𝐢𝐨𝐧 𝐒𝐭𝐚𝐧𝐝𝐚𝐫𝐝𝐬 [𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐯𝐞 𝐑𝐞𝐩𝐨𝐫𝐭]

Smart Airport Market by System (Communication & Network Systems, Endpoint Devices, Data Storage, and Software & Solutions), End User (Implementation and Upgrades & Services), and Location (Landside, Airside, and Terminal Side): Global Opportunity Analysis and Industry Forecast, 2021–2030

Rise in use of AI to ensure safety at airports and increase in air passenger traffic across the globe are expected to drive the global smart airport market growth during the forecast period. However, lack of trained and experienced staff is anticipated to hamper growth of the smart airport market during the forecast period. Moreover, increase in customer satisfaction and adoption of reliable cloud applications is expected to offer growth opportunities for the smart airport during the forecast period.

According to a recent report published by Allied Market Research, titled, “Smart Airport Market by System, End User, and Location: global opportunity analysis and industry forecast, 2021–2030,” the global smart airport market was valued at $2.15 billion in 2020, and is projected to reach $6.46 billion by 2030, registering a CAGR of 12.5%.

Asia-Pacific dominates the market, in terms of revenue, followed by North America, Europe, and LAMEA. U.S. dominated the global smart airport market in North America in 2020, owing to increase in R&D activities, technological developments by key players, and rapid adoption of innovative technologies in making smart airport operations fast and efficient. Asia-Pacific is expected to grow at a significant rate during the forecast period, owing to rise in air passenger traffic across different nations in the region along with the deployment of customer centric smart systems at airports across the prominent countries such as China, India, and Japan.

By system, the smart airport market is segregated into communication and network systems, endpoint devices, data storage, and software and solutions. The communication and network systems segment accounted for the highest revenue in 2020, owing to rise in requirements to manage overcrowded airspace.

On the basis of end user, the market is divided into implementation and upgrades and services. The upgrades and services segment garnered highest revenue in 2020, owing to technological upgrades across a wide array of systems in an airport.

Key players operating in the global smart airport market include Ascent Technology, Inc., Cisco Systems Inc., Honeywell International Inc., Huawei Investment & Holding Co., Ltd., International Business Machine Corporation, Indra Sistemas, S.A., L3Harris Technologies Inc., Raytheon Technologies Corporation, SITA, and Thales Group.

By location, the smart airport market is segregated into landside, airside, and terminal side. The landside segment accounted for the highest revenue in 2020, owing to rise in demand for services, such as unmanned check-in, automated parking of cars, faster security checks, among others.

Key Findings Of The Study

• By system, the data storage segment is expected to register a significant growth during the forecast period.
• On the basis of end user, the implementation segment is anticipated to exhibit significant growth in future.
• Depending on location, the landside segment is projected to lead the global smart airport market.
• Region wise, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.