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Smart Airport Market Research Report By Forecast To 2023

Industry Survey, Growth, Competitive Landscape and Forecasts to 2023

PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt. Ltd.)


Smart Airport Market Research Report - Forecast to 2023 Global Smart Airport Market by Technology (Security Systems, Communication Systems, Cargo & Baggage Handling Control, and Other technologies), Application, Terminal type, Airside, Landside, and by RegionForecast to 2023 The global smart airport market has grown drastically with innovative technologies that have enhanced user experiences. The rise in demand for real-time data is anticipated to drive the market growth, as it help to ease the burden on airport infrastructure and manpower. The key growth drivers include modernization of previous airports, establishment of new airports, development in commercial aviation, and increase in green initiatives by the airports. The aim of constructing a smart airport is to create systems and processes that are digitally equipped and arranged, in terms of process efficiency and connectivity. The introduction of various devices with innovative options, such as client identification through a unique heartbeat pattern with the assistance of biometric signatures and preparation of artificial intelligence technology, across airports are supporting the management of huge airport databases. Smart robots are set to rise the productivity of the workforce, working at Singapore Changi airport. A smart wheelchair system, wheelchairs guided by vision-based technology is the latest technology which is to be implemented at the airport in the upcoming years. Different technologies include Roboto, a prototype robotic chef, which prepares ‘laksa’ for passengers in Sats Premier Lounge. A rising trend within the industry is the development and commercialization of recent intelligent technologies that provide a digital ecosystem, such as machine-driven arrival, flight booking management, and baggage and document checks to the passengers. Airports across the globe are progressively adopting technology-enabled devices, such as smart baggage system and on-site application of Internet of Things (LoT) to transform customer experiences. Moreover, development of queue management systems that utilize existing CCTV systems and predict the waiting time in arrival areas, security checkpoints, taxi lanes, and passport management will help to locate the passenger in less time. Queue management system counts the number of passengers captured within the CCTV cameras, calculate the waiting time, and predict the time spent by a traveler in a queue. 2

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Smart Airport Market Research Report - Forecast to 2023 At present, airports are accumulating traveler data to provide various added advantage to passengers, such as data regarding the nearest retail locations, live updates on flight status, traffic and parking updates, guidance for arrival and baggage drop, directions for immigration check, and live updates on bus and taxi transportation services. The various application varieties analyzed, within the report, embrace aeronautical and non-aeronautical operations. The non-aeronautical segment is expected to witness important growth throughout the forecast period. Services such as retail outlets, advertising, smart parking, Wi-Fi, restaurants, lounge access, and personalized services are driving the growth in non-aeronautical applications. Airports, worldwide, have started diversifying their financial gain and are spending huge amount to implement nonaeronautical operations, such as providing parking facilities, lounges, conference rooms, and boarding and lodging facilities. Airports are currently focusing their efforts on traveler satisfaction and have started providing various facilities, such as providing personalized data relating to retail showrooms and related offers, by analyzing the precise habits and wishes of previous visited passengers, so as to make customized user expertise for the new passengers. The segment, terminal side is predicted to emerge as the largest section during the forecast period. Terminal side updated information is provide to the traveler on their smartphones so as to know the landing field kiosks. It also involves devices that provide location services and alerts for guiding traveler to their terminals and gates with personalized retail and hospitality offerings. The smart airport market is estimated to grow at a CAGR of more than 12% during the forecast period of 2017-2023. This estimation of a CAGR is due to the rise in usage of digital technologies worldwide, aircraft companies are more focusing towards the digital transformation to enhance personal experience of the passengers.

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Smart Airport Market Research Report - Forecast to 2023

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Smart Airport Market Research Report - Forecast to 2023 Key Players The key players in smart airport market are Honeywell Corporation Inc (U.S.), Rockwell Collins, Inc. (U.S.), SITA (Switzerland), Siemens AG (Germany), IBM Corporation (U.S.), Cisco Systems Inc. (U.S.), Raytheon (U.S.), Kiewit (U.S.), Larsen & Toubro (India), and Amadeus IT Group SA (Spain). The report for Global Smart Airport Market of Market Research Future comprises extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

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Smart airport market  

Global Smart Airport Market by Technology (Security Systems, Communication Systems, Cargo & Baggage Handling Control, and Other technologies...

Smart airport market  

Global Smart Airport Market by Technology (Security Systems, Communication Systems, Cargo & Baggage Handling Control, and Other technologies...

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