Outlook on the Smart Airport Global Market to 2028 - Featuring Honeywell International, Cisco Systems and Huawei Technologies Among Others
DUBLIN, Sept. 22, 2022 /PRNewswire/ -- The "Smart Airport Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Component and Application" report has been added to ResearchAndMarkets.com's offering.
The Smart Airport Market size is expected to grow from US$ 26,073.62 million in 2022 to US$ 66,763.46 million by 2028.
Following a decade of a constant and substantial increase in global passenger traffic, the COVID-19 pandemic effectively discontinued activities at airports globally in the second quarter of 2020. As a result, the overall number of passengers in 2020 declined dramatically compared to 2019. The Middle East will continue to be one of the most affected area in terms of relative decline in air passengers, as it registered a drop of 69.3% in 2021.
This is owing to the region's reliance on foreign travel and connectivity, which are rebounding at a considerably slower pace than domestic travel. South America, however, is predicted to recover faster than the other regions in 2021. While major challenges exist, the road to recovery is becoming clear.
For instance, Dubai Airports has worked with Huawei to create a smart airport that provides what consumers want: short lines, simple online services, and on-time flights. The UAE intends to expand Dubai International Airport to handle 120 million people annually by 2023, up from the existing capacity of 90 million. Free Wi-Fi, Smart gates, data gathering and sharing, airport apps, requirement projections, asset management and maintenance, and aircraft punctuality rate monitoring have all been emphasized in these smart airports.
For instance, in 2021, Heathrow Airport (LHR) initiated a trial of touchless bag drop technology developed by Amadeus - a Spanish IT solution provider. Moreover, the airports across the UK are taking initiatives to recover the revenue loss inurred during the COVID-19 pandemic as many airports and airline operations were suspended from FY 2020 to 2021. However, in 2021, a Border IT failure across the country has caused electronic passport gates to fail across the UK airports. Such IT challenges are expected to hamper the adoption of smart technologies across the UK smart airport market.
Asia Pacific (APAC) is expected to be the fastest-growing smart airport market globally during the forecast period. The Asia Pacific smart airport market analysis is conducted on the basis of countries such as Australia, China, India, Japan, South Korea, and the Rest of APAC. The second-largest smart airport market share in the APAC region is expected to be accounted for by the rest of APAC region in 2022.
Honeywell International Inc.; Cisco Systems Inc.; Huawei Technologies Co., Ltd; Indra Sistemas SA; Amadeus IT Group SA; SITA; Collins Aerospace; Daifuku Co. Ltd.; Thales Group; and T-Systems International GmbH. are among the players operating in the global smart airport market and profiled in this market study.
Key Topics Covered:
2. Key Takeaways
3. Research Methodology
4. Smart Airport Market Landscape
5. Smart Airport Market - Key Industry Dynamics
6. Smart Airport Market - Global Market Analysis
7. Smart Airport Market Analysis - By Component
8. Global Smart Airport Market Analysis - By Application
9. Smart Airport Market - Geographic Analysis
10. Smart Airport Market- COVID-19 Impact Analysis
11. Industry Landscape
12. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/6y510g
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