Smart Airport Market Application, Scope, Growth Drivers, Insights, Market Report from 2021 To 2029

pranit savgave

Dec 14, 2022 • 4 min read

Smart Airport Market

Smart Airport Market Overview:

Because the aviation industry is now implementing AI, IoT, and other cutting-edge technologies to improve the customer experience, the smart airport market is growing. The aviation industry can reduce costs and increase productivity by utilising these technologies, which will also aid in the development of the infrastructure and tremendous growth in this industry.

Today's airports employ a range of digital technology, such as self-service kiosks, baggage tracking, and the sharing of flight information on social media platforms like Twitter. Airports are using cutting-edge technology more frequently to give customers better experiences. Many airports strive to increase the level of personalization of their current services by providing a range of technology-based solutions to their patrons. This is due to the fact that many people use their smartphones to research alternative flights. Flight finding is an established and well-known mobile-based service. The majority of travel-related issues at airports are expected to be resolved, but it is also anticipated that information updates on baggage and customer service will play a significant role. Kiosks and beacons are also anticipated to be crucial in the future, providing a customised experience.

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Smart Airport Market Scope and research methodology:

34 key economies are covered in the report from all five continent, however, that does not make the report general understanding about market but deep insight in each geographical and end user segment have made this report exclusive in the market.

Bottom up approach has been applied to collect the data, analyse, validate the same and come on conclusion for each country. Secondary and primary methods have been used to collect the data. Annual reports of each key players are referred as source however; data is purchased from different sources available in market in each country. Import-export data is purchased from each country’s tax department or relevant department. Primary respondents were selected on the need basis to validate the figures and analysis done through secondary research.

Smart Airport Segmentation:

In terms of airport size, the Large segment is currently leading the market with the highest CAGR. Given the increase in air traffic, airports must modernise and implement intelligent systems to support effective airport operations. The market is currently dominated by medium airports because there are so many of them in the world. These airports urgently need to install self-service check-in kiosks and baggage drop boxes to reduce delays and customer wait times. The only intelligent solutions that can be implemented in small airports are self-service check-ins.

The non-aeronautical segment is currently leading the market in terms of operation and has the highest CAGR over the forecast period. Here, non-aeronautical revenues play an important role. Covid-19 caused a significant loss, but this industry is once again expanding.

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Smart Airport Key Players:

Due to the limitations of giving profiles of all the players, companies for profiling sections are chosen on different parameters like market leader, local leaders, innovative companies. Profiling section of the report covers the competitive benchmarking of key players by region. Benchmarking is done on market presence, dominance pricing, penetration in end use application, market share, recent expansions, M&A.

Even though all the players in the industry are not profiled, it is taken caret that while estimating market size not a single player in scope area is missed out of consideration. “Profiles of additional companies can be provided on request”, said Sr. Research Analyst at MMR.

The major players covered in the Smart Airport market report are

Cisco Systems Inc.
Honeywell International Inc.
Huawei Investment & Holding Co., Ltd.
Indra Sistemas, S.A.
L3Harris Technologies Inc.
Raytheon Technologies Corporation
SITA
Thales Group
Collins Aerospace
IBM Corporation
Sabre Corp.
Amadeus IT Group SA
Siemens AG

Key Questions Answered in the Smart Airport Market Report are:

Which segment held the largest share in the Smart Airport market in 2021?
Competitive landscape by region
Who are the market leaders, market followers, and new entrants?
Strategies of market leaders in each segments with investment
SWOT analysis of each player
Region wise market structure and dynamics that impact the industry and companies
What was the competitive scenario of the Smart Airport market in 2021?
Which are the key factors responsible for the Smart Airport market growth?
Which region held the maximum share in the Smart Airport market in 2021?

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