Smart Airports Market worth $8.3 Billion by 2027 - Exclusive Report by MarketsandMarkets™
CHICAGO, Jan. 4, 2023 /PRNewswire/ -- The smart airports market size is projected to grow from USD 7.0 Billion in 2022 to USD 8.3 Billion by 2027, at a CAGR of 3.5% from 2022 to 2027 according to a new report by MarketsandMarkets™. The growing demand for advanced smart solution to cater the increased demand of air-passenger footfall to drive the market.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=544
Browse in-depth TOC on "Smart Airports Market"
Upgrades & Services is expected to account for the largest share in 2022
Based on End Market, Upgrades & Service segment is projected to lead the smart airports market during the forecast period. Existing systems and solutions are being upgraded with advanced technology and solutions to improve the passenger experience and operational efficiency. The market is being driven by the desire for enhanced maintenance and services to ensure their continued operation.
The Endpoint Devices is projected to dominate market share in the system segment during the forecast period
Based on System, the Endpoint Device segment is projected to dominate the market share during the forecast period. To expedite the screening process, airports use dependable endpoint devices like biometrics, RFID, beacons, and so forth. The customer experience and airport operations have both improved with the deployment of end point devices. Furthermore, improvements in endpoint devices have raised security standards and streamlined airport security checks.
The Airside is projected to dominate market share in the system segment during the forecast period
Based on application, the airside segment is projected to dominate the market share during the forecast period. Smart operations are frequently used at the airside to improve ground staff management and hasten aircraft turnaround. Thus, over the past few years, there has been a growth in demand for smart airside operations solutions, such as sophisticated aircraft parking solutions and cutting-edge maintenance and health monitoring systems.
The medium segment projected to lead smart airports market during the forecast period
Based on airport size, the medium segment is projected to lead the smart airports market during the forecast period. The market is further segmented into small, medium and large. This expansion is connected to the increasing need for the installation of advanced technologies in airports, as well as the increased demand for system modification throughout the world.
The non-aeronautical segment is projected to dominate market share in the operation segment during the forecast period
Based on operation, non-aeronutical segment is projected to dominate the market share during the forecast period. Airports are focusing on targeted digital advertising as well as other initiatives like inventory management and intelligent transport services in order to satisfy consumer expectations and assist the growth of the non-aeronautical segment.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=544
Asia Pacific is expected to account for the largest share in 2022
The smart airports market industry has been studied in North America, Europe, Asia Pacific, and Rest of the World. Asia Pacific accounted for the largest market share in 2022, and North America is projected to witness the highest CAGR during the forecast period. The market for smart airports in the aviation sector is expected to benefit from rising air travel demand. The regions the growth of international tourism, and low-cost flights to developing nations like India are the main factors fueling the increase in passenger traffic in the area. The demand for automated procedures such as baggage handling and self-check-in services will rise as the number of passengers rises. This will support the remarkable rise of smart airports in the Asia-Pacific region, which will support the markets overall expansion.
Major players operating in the smart airports market include SITA (Switzerland), THALES (France), Siemens AG (Germany), Amadeus IT Group SA (Spain), IBM Corporation (US), Cisco Systems Inc. (US), Indra Sistemas S.A. (Spain), Honeywell International Inc. (US), L3Harris Technologies Inc (US).are some of the market players.
Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=544
Browse Adjacent Market: Aerospace and Defence Market Research Reports &Consulting
Ground Support Equipment Market by Point of Sale (Equipment, Maintenance), Type (Mobile, Fixed), Power Source (Non-Electric, Electric, Hybrid), Platform (Commercial, Military), Autonomy, Ownership and Region- Global Forecast to 2027
Air Traffic Control (ATC) Market by Offering (Hardware, Software & Solutions), Investmet Type (Brownfield, and Greenfield), Airspace (ARTCC, TRACON, ATCT and Remote Tower), Service, Application, Airport Size and Region- Global Forecast to 2027
Passenger Security Market by Security Solution (Baggage Inspection Systems, Explosive Trace Detector, Hand Held Scanner, Full Body Scanner, Access Control), End User (Airport, Seaport, Railway), Investment Type, and Region - Global Forecast to 2024
Airport Lighting Market by Type (Runway, Taxiway & Apron Lighting Systems), Position (In-Pavement Lighting, Elevated Lighting & PAPI), Technology (Non-LED and LED), and by Geography - Global Forecast to 2021
Airport Baggage Handling System Market by Airport Class (A, B, C), Identification Technology (Barcode, RFID), Service (Self-Service, Assisted-Service), Type (Conveyors, Destination-Coded Vehicles), Efficiency, Geography - Global Forecast to 2020
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
View original content:https://www.prnewswire.co.uk/news-releases/smart-airports-market-worth-8-3-billion-by-2027---exclusive-report-by-marketsandmarkets-301713124.html