Sky-High Projections: Smart Airport Market Set to Soar, Anticipated $6.10 Billion by 2030

The Smart Airport Market is undergoing a transformative journey, leveraging cutting-edge technologies to enhance operational efficiency, passenger experience, and overall safety.

As the aviation industry adapts to the demands of the digital age, smart airports are becoming pivotal hubs of innovation. According to a recent study by Next Move Strategy Consulting, Smart Airport Market is projected to reach USD 6.10 billion by 2030, indicating a robust CAGR of 12.1% from 2022 to 2030.

Market Definition:

The term "Smart Airport" encompasses cutting-edge solutions aimed at enhancing airport capacity, efficiency, and overall systems. These solutions span diverse realms such as security, communication, luggage control, and streamlined passenger experiences. Leveraging connected technologies such as sensors, GPS, and IoT devices, smart airports digitally optimize operations, ensuring seamless activities for both passengers and staff.

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Market Dynamics and Trends:

Advancements in Commercial Aviation: Advancements in commercial aviation are thriving due to an increasing demand for improvements in the industry. Real-time information services delivered through SMS notifications and the convenience of self-service kiosks are key contributors to the market's upward trajectory. These innovations not only enhance passenger experience but also streamline operational efficiency for airlines.

Incorporation of Intelligent Technologies: The integration of intelligent technologies is playing a crucial role in the evolution of commercial aviation. IoTs (Internet of Things) and sensors are instrumental in incorporating renewable and eco-friendly energy sources, contributing to a more sustainable and environmentally conscious aviation sector. This shift towards green technologies aligns with global efforts to reduce the carbon footprint of the aviation industry.

Furthermore, the adoption of cutting-edge technologies such as smart glasses for visually impaired passengers and biometrics is propelling market expansion. Smart glasses provide augmented reality assistance, making travel more accessible for individuals with visual impairments, while biometric authentication enhances security and expedites passenger processing at various touchpoints within airports.

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Market Segmentation:

By Type: Based on airport 2.0, airport 3.0, and airport 4.0.

By Platform: Based on software systems and hardware systems.

By Airport Size: Based on small, medium, and large.

By System: Based on communication systems, data storage, endpoint devices, and others.

By Application: Based on airside, terminal side, and landside.

By Operation: Based on aeronautical operations and non-aeronautical operations.

By Region: Based on North America, Europe, Asia Pacific, and Row.

Geographical Analysis:

North America dominates the Smart Airport Market, due to substantial governmental investments in the modernization of airports across the region. The U.S. Department of Transportation's Federal Aviation Administration (FAA), which, in July 2022, committed a noteworthy USD 1 billion to enhance 85 airports nationwide. This infusion of funds aims to expand terminal capacities, improve energy efficiency, and enhance accessibility for individuals with disabilities.

Moreover, the presence of global industry heavyweights such as IBM, SITA, and Cisco Systems Inc., as well as the prominence of Hartsfield-Jackson Atlanta International Airport (ALT), the world's largest international airport further drives the growth of the smart airport market.

Asia Pacific region, on the other hand, is anticipated to witness substantial growth in the global smart airport market. This projection is fueled by escalating air traffic in countries such as China, Japan, Singapore, and India, coupled with passengers' growing preference for air transport due to its swift and comfortable travel experiences.

Government initiatives in developing economies, including China, Japan, and South Korea, aimed at implementing advanced solutions in airports, are significant catalysts for market expansion.

Noteworthy projects, such as the South Korean Ministry of Land, Infrastructure, and Transport's investment of over USD 624 million in a new airport in Saemangeum, Seoul, underscore the region's commitment to smart airport development. This venture includes plans for 2,500-meter runways, a passenger terminal, and a cargo terminal designed to accommodate five planes on the airport apron.

Together, these dynamics highlight North America's ongoing dominance and the burgeoning growth prospects in the Asia Pacific smart airport market.

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Competitive Landscape:

Prominent players in the smart airport market include Siemens AG, IBM Corporation, Cisco Systems, Inc., Honeywell International Inc., and Thales Group. These companies contribute to the development and implementation of innovative solutions, driving the evolution of smart airports worldwide.

For instance, in August 2021, SITA revealed a partnership with Siemens to deliver advanced and scalable technologies for the Kansas City Aviation Department's upcoming Terminal project. These innovative solutions are designed to assist in creating a smart airport terminal that can adapt to the long-term requirements of the aviation department, ultimately elevating the passenger experience through increased automation.

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This release was published on openPR.