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Smart Airport Market By Application, By Airport Size, By Type: Global Opportunity Analysis and Industry Forecast, 2023-2032

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    Report

  • 349 Pages
  • October 2023
  • Region: Global
  • Allied Market Research
  • ID: 5521566
The smart airport aims to seamlessly connect the entire passenger journey, allowing travelers to personalize their experience from booking to returning home. It offers passengers greater choice, flexibility, and convenience to enhance their journey. Smart airports extensively utilize intelligent systems, including purpose-specific sensors and devices across various airport areas, centralizing control, management, and planning within a digital environment.

By applying innovative technologies, smart airports may enhance staff performance, optimize passenger flows, promote sustainability, and bolster security. Real-time data collection enables improvements in operational efficiency, cost reduction, and productivity enhancement. Smart airports deliver several benefits, such as improved operational efficiency, cost savings, increased productivity, and refined operations. They continually evolve to meet changing technological advancements and the evolving demands of airport users.

Smart airports have a primary objective of enhancing the entire travel experience, making it more seamless, convenient, and enjoyable for passengers. This encompasses the simplification of various processes such as check-in, security screenings, and baggage handling. Ultimately, passengers experience shorter waiting times, reduced stress, and an overall improvement in their travel journey. These advancements are made possible through the implementation of smart technologies, including self-check-in kiosks, mobile applications for real-time updates, and intelligent security systems, all of which contribute to a more efficient and pleasant travel experience.

The smart airport market has been segmented on the basis of application, airport size, type, and region. By application, the market is segmented into landside, airside, and terminal side. By airport size, the market is divided into small, medium, and large. By type, the market is segmented into airport 2.0, airport 3.0, and airport 4.0. Region-wise, the market is studied across North America, Europe, Asia-Pacific and LAMEA.

North America is the largest region in the smart airport market. The U.S. and Canada are major early adopters of integrating smart technologies in airports to handle increasing air passenger traffic efficiently. Moreover, The U.S. airlines experienced a significant increase in passenger numbers, carrying an additional 194 million passengers compared to the previous year, marking a 30% year-to-year growth in 2022.

In addition, smart airport system makers supplied innovative systems to the U.S. airports for document verification. For instance, in April 2021, SITA provided biometric solution to San Francisco International Airport (SFO), which offers a streamlined experience for domestic travelers flying with United Airlines. In this trial, passengers have the option to connect their driver's license with their facial biometrics during the check-in process. From there, they can seamlessly complete the check-in, baggage drops, and boarding procedures by scanning their face at each stage of the journey.

In addition, integration of AI in smart airports increased in various applications such as wayfinding and promotion. For instance, in July 2023, ARway.ai, a Canadian AI-powered Augmented Reality Experience platform, has been chosen by TM Forum to participate in its Smart Airport Initiative. ARway.ai is expected to collaborate with technology giants such as Intel, Amazon, Vodafone, and other partners. Their role in this initiative is to provide cutting-edge technologies for wayfinding, retail advertising, and promotion of traveler amenities at airports.

In addition, the Switzerland-based airport operators adopt advance security systems to detect any threats. For instance, in March 2023, The Royal Schiphol Group, a Dutch airport management company partnered with Pangiam, a security technology company, to create an innovative method for efficiently and safely screening hand baggage. This technology, powered by artificial intelligence, has the potential to accelerate the security screening process for travelers while maintaining high safety standards. The collaboration aims to investigate how advanced technology by Pangiam may enhance and expedite hand baggage screening procedures at Schiphol Airport and potentially other airports. This technology employs artificial intelligence and advanced algorithms to examine images of hand baggage, identifying prohibited items and security threats.

The key players profiled in the global smart airport market include Siemens AG, Wipro, Honeywell International Inc., Cisco Systems Inc., Huawei Technologies Co., Ltd., Thales, IBM Corporation, Smart Airport Systems (SAS), SITA, and T-Systems International GmbH.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the smart airport market analysis from 2022 to 2032 to identify the prevailing smart airport market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the smart airport market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global smart airport market trends, key players, market segments, application areas, and market growth strategies.

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  • Additional company profiles with specific to client's interest
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Key Market Segments

By Application

  • Landside
  • Airside
  • Terminal Side

By Airport Size

  • Small
  • Medium
  • Large

By Type

  • Airport 2.0
  • Airport 3.0
  • Airport 4.0

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • UK
  • Germany
  • France
  • Italy
  • Russia
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa
  • Key Market Players
  • Thales
  • Huawei Technologies Co., Ltd.
  • Honeywell International Inc.
  • Cisco Systems Inc.
  • T-Systems International GmbH
  • Smart Airport Systems (SAS)
  • Siemens AG
  • SITA
  • IBM Corporation
  • Wipro Limited

 

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Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research methodology
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.3. Porter’s five forces analysis
3.4. Market dynamics
CHAPTER 4: SMART AIRPORT MARKET, BY APPLICATION
4.1. Overview
4.2. Landside
4.3. Airside
4.4. Terminal Side
CHAPTER 5: SMART AIRPORT MARKET, BY AIRPORT SIZE
5.1. Overview
5.2. Small
5.3. Medium
5.4. Large
CHAPTER 6: SMART AIRPORT MARKET, BY TYPE
6.1. Overview
6.2. Airport 2.0
6.3. Airport 3.0
6.4. Airport 4.0
CHAPTER 7: SMART AIRPORT MARKET, BY REGION
7.1. Overview
7.2. North America
7.3. Europe
7.4. Asia-Pacific
7.5. LAMEA
CHAPTER 8: COMPETITIVE LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product mapping of top 10 player
8.4. Competitive dashboard
8.5. Competitive heatmap
8.6. Top player positioning, 2022
CHAPTER 9: COMPANY PROFILES
9.1. T-Systems International GmbH
9.2. Siemens AG
9.3. SITA
9.4. Wipro Limited
9.5. Honeywell International Inc.
9.6. Cisco Systems Inc.
9.7. Huawei Technologies Co., Ltd.
9.8. Smart Airport Systems (SAS)
9.9. Thales
9.10. IBM Corporation
List of Tables
Table 01. Global Smart Airport Market, by Application, 2022-2032 ($ Million)
Table 02. Smart Airport Market for Landside, by Region, 2022-2032 ($ Million)
Table 03. Smart Airport Market for Airside, by Region, 2022-2032 ($ Million)
Table 04. Smart Airport Market for Terminal Side, by Region, 2022-2032 ($ Million)
Table 05. Global Smart Airport Market, by Airport Size, 2022-2032 ($ Million)
Table 06. Smart Airport Market for Small, by Region, 2022-2032 ($ Million)
Table 07. Smart Airport Market for Medium, by Region, 2022-2032 ($ Million)
Table 08. Smart Airport Market for Large, by Region, 2022-2032 ($ Million)
Table 09. Global Smart Airport Market, by Type, 2022-2032 ($ Million)
Table 10. Smart Airport Market for Airport 2.0, by Region, 2022-2032 ($ Million)
Table 11. Smart Airport Market for Airport 3.0, by Region, 2022-2032 ($ Million)
Table 12. Smart Airport Market for Airport 4.0, by Region, 2022-2032 ($ Million)
Table 13. Smart Airport Market, by Region, 2022-2032 ($ Million)
Table 14. North America Smart Airport Market, by Application, 2022-2032 ($ Million)
Table 15. North America Smart Airport Market, by Airport Size, 2022-2032 ($ Million)
Table 16. North America Smart Airport Market, by Type, 2022-2032 ($ Million)
Table 17. North America Smart Airport Market, by Country, 2022-2032 ($ Million)
Table 18. U.S. Smart Airport Market, by Application, 2022-2032 ($ Million)
Table 19. U.S. Smart Airport Market, by Airport Size, 2022-2032 ($ Million)
Table 20. U.S. Smart Airport Market, by Type, 2022-2032 ($ Million)
Table 21. Canada Smart Airport Market, by Application, 2022-2032 ($ Million)
Table 22. Canada Smart Airport Market, by Airport Size, 2022-2032 ($ Million)
Table 23. Canada Smart Airport Market, by Type, 2022-2032 ($ Million)
Table 24. Mexico Smart Airport Market, by Application, 2022-2032 ($ Million)
Table 25. Mexico Smart Airport Market, by Airport Size, 2022-2032 ($ Million)
Table 26. Mexico Smart Airport Market, by Type, 2022-2032 ($ Million)
Table 27. Europe Smart Airport Market, by Application, 2022-2032 ($ Million)
Table 28. Europe Smart Airport Market, by Airport Size, 2022-2032 ($ Million)
Table 29. Europe Smart Airport Market, by Type, 2022-2032 ($ Million)
Table 30. Europe Smart Airport Market, by Country, 2022-2032 ($ Million)
Table 31. UK Smart Airport Market, by Application, 2022-2032 ($ Million)
Table 32. UK Smart Airport Market, by Airport Size, 2022-2032 ($ Million)
Table 33. UK Smart Airport Market, by Type, 2022-2032 ($ Million)
Table 34. Germany Smart Airport Market, by Application, 2022-2032 ($ Million)
Table 35. Germany Smart Airport Market, by Airport Size, 2022-2032 ($ Million)
Table 36. Germany Smart Airport Market, by Type, 2022-2032 ($ Million)
Table 37. France Smart Airport Market, by Application, 2022-2032 ($ Million)
Table 38. France Smart Airport Market, by Airport Size, 2022-2032 ($ Million)
Table 39. France Smart Airport Market, by Type, 2022-2032 ($ Million)
Table 40. Italy Smart Airport Market, by Application, 2022-2032 ($ Million)
Table 41. Italy Smart Airport Market, by Airport Size, 2022-2032 ($ Million)
Table 42. Italy Smart Airport Market, by Type, 2022-2032 ($ Million)
Table 43. Russia Smart Airport Market, by Application, 2022-2032 ($ Million)
Table 44. Russia Smart Airport Market, by Airport Size, 2022-2032 ($ Million)
Table 45. Russia Smart Airport Market, by Type, 2022-2032 ($ Million)
Table 46. Rest of Europe Smart Airport Market, by Application, 2022-2032 ($ Million)
Table 47. Rest of Europe Smart Airport Market, by Airport Size, 2022-2032 ($ Million)
Table 48. Rest of Europe Smart Airport Market, by Type, 2022-2032 ($ Million)
Table 49. Asia-Pacific Smart Airport Market, by Application, 2022-2032 ($ Million)
Table 50. Asia-Pacific Smart Airport Market, by Airport Size, 2022-2032 ($ Million)
Table 51. Asia-Pacific Smart Airport Market, by Type, 2022-2032 ($ Million)
Table 52. Asia-Pacific Smart Airport Market, by Country, 2022-2032 ($ Million)
Table 53. China Smart Airport Market, by Application, 2022-2032 ($ Million)
Table 54. China Smart Airport Market, by Airport Size, 2022-2032 ($ Million)
Table 55. China Smart Airport Market, by Type, 2022-2032 ($ Million)
Table 56. Japan Smart Airport Market, by Application, 2022-2032 ($ Million)
Table 57. Japan Smart Airport Market, by Airport Size, 2022-2032 ($ Million)
Table 58. Japan Smart Airport Market, by Type, 2022-2032 ($ Million)
Table 59. India Smart Airport Market, by Application, 2022-2032 ($ Million)
Table 60. India Smart Airport Market, by Airport Size, 2022-2032 ($ Million)
Table 61. India Smart Airport Market, by Type, 2022-2032 ($ Million)
Table 62. South Korea Smart Airport Market, by Application, 2022-2032 ($ Million)
Table 63. South Korea Smart Airport Market, by Airport Size, 2022-2032 ($ Million)
Table 64. South Korea Smart Airport Market, by Type, 2022-2032 ($ Million)
Table 65. Rest of Asia-Pacific Smart Airport Market, by Application, 2022-2032 ($ Million)
Table 66. Rest of Asia-Pacific Smart Airport Market, by Airport Size, 2022-2032 ($ Million)
Table 67. Rest of Asia-Pacific Smart Airport Market, by Type, 2022-2032 ($ Million)
Table 68. LAMEA Smart Airport Market, by Application, 2022-2032 ($ Million)
Table 69. LAMEA Smart Airport Market, by Airport Size, 2022-2032 ($ Million)
Table 70. LAMEA Smart Airport Market, by Type, 2022-2032 ($ Million)
Table 71. LAMEA Smart Airport Market, by Country, 2022-2032 ($ Million)
Table 72. Latin America Smart Airport Market, by Application, 2022-2032 ($ Million)
Table 73. Latin America Smart Airport Market, by Airport Size, 2022-2032 ($ Million)
Table 74. Latin America Smart Airport Market, by Type, 2022-2032 ($ Million)
Table 75. Middle East Smart Airport Market, by Application, 2022-2032 ($ Million)
Table 76. Middle East Smart Airport Market, by Airport Size, 2022-2032 ($ Million)
Table 77. Middle East Smart Airport Market, by Type, 2022-2032 ($ Million)
Table 78. Africa Smart Airport Market, by Application, 2022-2032 ($ Million)
Table 79. Africa Smart Airport Market, by Airport Size, 2022-2032 ($ Million)
Table 80. Africa Smart Airport Market, by Type, 2022-2032 ($ Million)
Table 81. T-Systems International Gmbh: Key Executives
Table 82. T-Systems International Gmbh: Company Snapshot
Table 83. T-Systems International Gmbh: Product Segments
Table 84. T-Systems International Gmbh: Product Portfolio
Table 85. T-Systems International Gmbh: Key Stratergies
Table 86. Siemens Ag: Key Executives
Table 87. Siemens Ag: Company Snapshot
Table 88. Siemens Ag: Product Segments
Table 89. Siemens Ag: Product Portfolio
Table 90. Siemens Ag: Key Stratergies
Table 91. Sita: Key Executives
Table 92. Sita: Company Snapshot
Table 93. Sita: Service Segments
Table 94. Sita: Product Portfolio
Table 95. Sita: Key Stratergies
Table 96. Wipro Limited: Key Executives
Table 97. Wipro Limited: Company Snapshot
Table 98. Wipro Limited: Product Segments
Table 99. Wipro Limited: Service Segments
Table 100. Wipro Limited: Product Portfolio
Table 101. Wipro Limited: Key Stratergies
Table 102. Honeywell International Inc.: Key Executives
Table 103. Honeywell International Inc.: Company Snapshot
Table 104. Honeywell International Inc.: Product Segments
Table 105. Honeywell International Inc.: Product Portfolio
Table 106. Honeywell International Inc.: Key Stratergies
Table 107. Cisco Systems Inc.: Key Executives
Table 108. Cisco Systems Inc.: Company Snapshot
Table 109. Cisco Systems Inc.: Product Segments
Table 110. Cisco Systems Inc.: Product Portfolio
Table 111. Huawei Technologies Co. Ltd.: Key Executives
Table 112. Huawei Technologies Co. Ltd.: Company Snapshot
Table 113. Huawei Technologies Co. Ltd.: Product Segments
Table 114. Huawei Technologies Co. Ltd.: Product Portfolio
Table 115. Huawei Technologies Co. Ltd.: Key Stratergies
Table 116. Smart Airport Systems (Sas): Key Executives
Table 117. Smart Airport Systems (Sas): Company Snapshot
Table 118. Smart Airport Systems (Sas): Product Segments
Table 119. Smart Airport Systems (Sas): Product Portfolio
Table 120. Thales: Key Executives
Table 121. Thales: Company Snapshot
Table 122. Thales: Product Segments
Table 123. Thales: Product Portfolio
Table 124. Thales: Key Stratergies
Table 125. IBM Corporation: Key Executives
Table 126. IBM Corporation: Company Snapshot
Table 127. IBM Corporation: Product Segments
Table 128. IBM Corporation: Product Portfolio
Table 129. IBM Corporation: Key Stratergies
List of Figures
Figure 01. Smart Airport Market, 2022-2032
Figure 02. Segmentation of Smart Airport Market, 2022-2032
Figure 03. Top Impacting Factors in Smart Airport Market (2022 to 2032)
Figure 04. Top Investment Pockets in Smart Airport Market (2023-2032)
Figure 05. Low Threat of New Entrants
Figure 06. High to Moderate Bargaining Power of Suppliers
Figure 07. Low Threat of Substitutes
Figure 08. Low Intensity of Rivalry
Figure 09. Low Bargaining Power of Buyers
Figure 10. Global Smart Airport Market: Drivers, Restraints and Opportunities
Figure 11. Smart Airport Market, by Application, 2022 and 2032 (%)
Figure 12. Comparative Share Analysis of Smart Airport Market for Landside, by Country 2022 and 2032 (%)
Figure 13. Comparative Share Analysis of Smart Airport Market for Airside, by Country 2022 and 2032 (%)
Figure 14. Comparative Share Analysis of Smart Airport Market for Terminal Side, by Country 2022 and 2032 (%)
Figure 15. Smart Airport Market, by Airport Size, 2022 and 2032 (%)
Figure 16. Comparative Share Analysis of Smart Airport Market for Small, by Country 2022 and 2032 (%)
Figure 17. Comparative Share Analysis of Smart Airport Market for Medium, by Country 2022 and 2032 (%)
Figure 18. Comparative Share Analysis of Smart Airport Market for Large, by Country 2022 and 2032 (%)
Figure 19. Smart Airport Market, by Type, 2022 and 2032 (%)
Figure 20. Comparative Share Analysis of Smart Airport Market for Airport 2.0, by Country 2022 and 2032 (%)
Figure 21. Comparative Share Analysis of Smart Airport Market for Airport 3.0, by Country 2022 and 2032 (%)
Figure 22. Comparative Share Analysis of Smart Airport Market for Airport 4.0, by Country 2022 and 2032 (%)
Figure 23. Smart Airport Market by Region, 2022 and 2032 (%)
Figure 24. U.S. Smart Airport Market, 2022-2032 ($ Million)
Figure 25. Canada Smart Airport Market, 2022-2032 ($ Million)
Figure 26. Mexico Smart Airport Market, 2022-2032 ($ Million)
Figure 27. UK Smart Airport Market, 2022-2032 ($ Million)
Figure 28. Germany Smart Airport Market, 2022-2032 ($ Million)
Figure 29. France Smart Airport Market, 2022-2032 ($ Million)
Figure 30. Italy Smart Airport Market, 2022-2032 ($ Million)
Figure 31. Russia Smart Airport Market, 2022-2032 ($ Million)
Figure 32. Rest of Europe Smart Airport Market, 2022-2032 ($ Million)
Figure 33. China Smart Airport Market, 2022-2032 ($ Million)
Figure 34. Japan Smart Airport Market, 2022-2032 ($ Million)
Figure 35. India Smart Airport Market, 2022-2032 ($ Million)
Figure 36. South Korea Smart Airport Market, 2022-2032 ($ Million)
Figure 37. Rest of Asia-Pacific Smart Airport Market, 2022-2032 ($ Million)
Figure 38. Latin America Smart Airport Market, 2022-2032 ($ Million)
Figure 39. Middle East Smart Airport Market, 2022-2032 ($ Million)
Figure 40. Africa Smart Airport Market, 2022-2032 ($ Million)
Figure 41. Product Mapping of Top 10 Players
Figure 42. Competitive Dashboard
Figure 43. Competitive Heatmap: Smart Airport Market
Figure 44. Top Player Positioning, 2022
Figure 45. T-Systems International Gmbh: Net Revenue, 2020-2022 ($ Million)
Figure 46. T-Systems International Gmbh: Research & Development Expenditure, 2020-2022 ($ Million)
Figure 47. T-Systems International Gmbh: Revenue Share by Segment, 2022 (%)
Figure 48. T-Systems International Gmbh: Revenue Share by Region, 2022 (%)
Figure 49. Siemens Ag: Net Sales, 2020-2022 ($ Million)
Figure 50. Siemens Ag: Research & Development Expenditure, 2020-2022 ($ Million)
Figure 51. Siemens Ag: Revenue Share by Segment, 2022 (%)
Figure 52. Siemens Ag: Revenue Share by Region, 2022 (%)
Figure 53. Wipro Limited: Net Revenue, 2020-2022 ($ Million)
Figure 54. Wipro Limited: Research & Development Expenditure, 2020-2022 ($ Million)
Figure 55. Wipro Limited: Revenue Share by Segment, 2022 (%)
Figure 56. Honeywell International Inc.: Research & Development Expenditure, 2020-2022 ($ Million)
Figure 57. Honeywell International Inc.: Net Sales, 2020-2022 ($ Million)
Figure 58. Honeywell International Inc.: Revenue Share by Segment, 2022 (%)
Figure 59. Honeywell International Inc.: Revenue Share by Region, 2021 (%)
Figure 60. Cisco Systems Inc.: Research & Development Expenditure, 2020-2022 ($ Million)
Figure 61. Cisco Systems Inc.: Net Sales, 2020-2022 ($ Million)
Figure 62. Cisco Systems Inc.: Revenue Share by Segment, 2022 (%)
Figure 63. Cisco Systems Inc.: Revenue Share by Region, 2022 (%)
Figure 64. Huawei Technologies Co. Ltd.: Net Revenue, 2020-2022 ($ Million)
Figure 65. Huawei Technologies Co. Ltd.: Research & Development Expenditure, 2020-2022
Figure 66. Huawei Technologies Co. Ltd.: Revenue Share by Segment, 2022 (%)
Figure 67. Huawei Technologies Co. Ltd.: Revenue Share by Region, 2022 (%)
Figure 68. Smart Airport Systems (Sas): Net Revenue, 2020-2022 ($ Million)
Figure 69. Smart Airport Systems (Sas): Revenue Share by Segment, 2022 (%)
Figure 70. Smart Airport Systems (Sas): Revenue Share by Region, 2022 (%)
Figure 71. Thales: Net Revenue, 2020-2022 ($ Million)
Figure 72. Thales: Research & Development Expenditure, 2020-2022 ($ Million)
Figure 73. Thales: Revenue Share by Segment, 2022 (%)
Figure 74. Thales: Revenue Share by Segment, 2022 (%)
Figure 75. IBM Corporation: Net Revenue, 2020-2022 ($ Million)
Figure 76. IBM Corporation: Research & Development Expenditure, 2020-2022 ($ Million)
Figure 77. IBM Corporation: Revenue Share by Segment, 2022 (%)
Figure 78. IBM Corporation: Revenue Share by Region, 2022 (%)

Executive Summary

The smart airport market is expected to experience a significant growth rate of 13% from 2023 to 2032 owing to rise in environmental regulations and legislation

The goal of the smart airport is to integrate the entire passenger journey, allowing tourists to personalize their experience from booking to returning home. It provides travelers with more options, flexibility, and comfort to enhance their journey. Intelligent technologies, such as purpose-specific sensors and equipment, are widely used in smart airports, centralized control, management, and planning under a digital space.

Moreover, key players operating in the industry are continuously developing advanced quality semiconductors to be used in automobiles, which also creates a wider impact on the growth of the market across the globe. For instance, in February 2023, an air transport technology company, SITA awarded contract to deploy a comprehensive biometric facial recognition platform at Frankfurt Airport (FRA). The system, described as a"check-in-to-boarding" solution, is expected to eliminate the need for passengers to use touchscreens, as kiosks and gates will be equipped to recognize facial biometrics. In addition to the existing infrastructure, additional biometric kiosks and scanning stations will be integrated into the airport, streamlining the passenger experience, and boosting operational efficiency.

This innovation aligns with evolving passenger expectations for convenience and autonomy in air travel. From enrollment at a kiosk or counter, to pre-security automated gates and self-boarding gates, passengers can use biometric technology to seamlessly pass through each stage of the journey by simply scanning their face, as stated by SITA in a statement following the announcement of the project. Such developments carried out by major companies operating globally supplement the growth of the market.

Aspects such as increased air passenger traffic globally, increased use of artificial intelligence and tools for big data analysis, and increased attention on airport security fuel global market expansion. Furthermore, high initial investment costs and a shortage of qualified and experienced personnel operate as a barrier to industry growth. The airport industry is poised for growth, with opportunities arising from improved passenger experiences, increased retail revenue, and a growing focus on sustainability. This expansion is expected to continue in the forecast period.

Smart airports are focusing on the passenger, leveraging technologies such as smartphone apps for real-time flight information, self-service check-in kiosks, and personalized services suited to specific travelers. Huawei Technologies' smart airport 2.0 solution, for instance, integrates various technologies, including intelligent video surveillance, big data, artificial intelligence (AI), and the Internet of Things (IoT). This approach enhances airport operations by promoting intelligent and efficient processes, improving security responses, and ultimately providing passengers with a more convenient and comfortable experience.

Moreover, there is a growing trend among medium airports to adopt energy-efficient solutions. This includes the implementation of smart lighting systems, energy-efficient HVAC (heating, ventilation, and air conditioning) systems, and sustainable building practices. These initiatives not only reduce operational costs but also contribute to a more sustainable and eco-friendlier airport environment.

The smart airport market has been segmented on the basis of application, airport size, type, and region. By application, the market is segmented into landside, airside, and terminal side. By airport size, the market is divided into small, medium, and large. By type, the market is segmented into airport 2.0, airport 3.0, and airport 4.0. Region-wise, the market is studied across North America, Europe, Asia-Pacific and LAMEA.

Moreover, investment companies in Japan focused on smart airport projects to further expand presence in the market. For instance, in May 2021, the Japan Overseas Infrastructure Investment Corporation for Transport & Urban Development (JOIN), Japanese investment company and NTT officially announced a collaborative initiative to advance smart transportation projects. This venture involves implementation of a Smart Solutions pilot, designed to provide a digital on-demand bus service within the vicinity of EIA's Airport City. By harnessing data-driven methods, this pilot seeks to enhance the commuting experience and derive valuable insights to inform future solutions. These developments across the Asia-Pacific region are anticipated to support the growth of the smart airport market.

The key players profiled in the report include Siemens AG, Wipro, Honeywell International Inc., Cisco Systems Inc., Huawei Technologies Co., Ltd., Thales, IBM Corporation, Smart Airport Systems (SAS), SITA, and T-Systems International GmbH.

Key Market Insights

By application, the terminal side segment was the highest revenue contributor to the market, with $3.17 billion in 2022, and is estimated to reach $9.55 billion by 2032, with a CAGR of 11.5%.

By airport size, the small segment was the highest revenue contributor to the market, with $4.59 billion in 2022, and is estimated to reach $15.22 billion by 2032, with a CAGR of 12.6%.

By type, the airport 3.0 segment dominated the global market, and is estimated to reach $4.26 billion by 2032, with a CAGR of 13.5%. However, the airport 4.0 segment is expected to be the fastest growing segment with a CAGR of 15.8% during the forecast period.

Based on region, North America was the highest revenue contributor, accounting for $2.62 billion in 2022, and is estimated to reach $7.91 billion by 2032, with a CAGR of 11.5%.

Companies Mentioned

  • Thales
  • Huawei Technologies Co., Ltd.
  • Honeywell International Inc.
  • Cisco Systems Inc.
  • T-Systems International GmbH
  • Smart Airport Systems (SAS)
  • Siemens AG
  • SITA
  • IBM Corporation
  • Wipro Limited

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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