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Smart Airport Market Size Projected To Show Strong Growth

  • The anticipated size of the global Smart Airport Market is projected to reach USD 10.07 Billion by 2028, with a compound annual growth rate (CAGR) of 18.2% during the forecast period. The growth in market revenue can be attributed to the adoption of networked and automated technologies such as the Internet of Things (IoT), global positioning system (GPS), and sensors, which enable real-time data analytics and self-service capabilities for passengers.

    Smart airports focus on leveraging these technologies to provide passengers with enhanced services and experiences. They enable accurate decision-making, efficient planning, and digital execution of operations by providing quick access to information through smart devices. The demand for smart airports is increasing globally due to the introduction of new services like automated security gates, unmanned immigration systems, real-time CCTV security monitoring, and RFID/NFC-based baggage tracking.

    The primary goal of developing smart airports is to design digitally equipped and organized systems and processes that optimize efficiency and connectivity. Modern technologies such as artificial intelligence (AI) and biometric identification using unique pulse rhythms and signatures are being utilized in airports to manage large databases effectively. The integration and commercialization of advanced intelligent technologies create a digital environment that enhances functions like flight ticket management, baggage and document inspections, and automated arrivals. AI is expected to provide aerospace companies with effective solutions to improve efficiency, safety, and productivity, thereby redefining the key competencies of the next generation of aviation professionals. As smart technologies become more prevalent in smart airports worldwide, airports are implementing technology that can connect with passengers and enhance overall efficiency.

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    The information and communication technology sector is rapidly gaining traction owing to rapid technological advancements, high demand for smartphones, laptops, computers and other modern electronic devices, and increasing adoption of latest technologies such as Artificial Intelligence (AI), Internet of Things (IoT), and cloud services. The ICT sector consists of several sections, software, hardware, telecommunications and other services. Factors such as increasing demand for advanced ICT services in BFSI, agriculture, retail, hospital and healthcare, rapid adoption of digitalization, rising number of internet users and high demand of advanced services and devices are expected to drive global market revenue growth during the forecast period. Other factors such as increasing need for managing large data base, rising concerns about data security and increasing investments in R&D activities are expected to boost market growth during the forecast period.

    Competitive Landscape:

    Collins Aerospace, Siemens AG, Thales Group, Ascent Technologies, Daifuku Co. Ltd., Wipro Limited, Zensors, Smart Airport System (SAS), Infax Inc., IBM Corporation.

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    The global market is further segmented into type and application:

    System Type Outlook (Revenue, USD Million; 2018–2028)

    • Communication & Network systems
    • End devices
    • Data storage
    • Software & solutions

    Application Outlook (Revenue, USD Million; 2018–2028)

    • Landside
    • Terminal side
    • Airside

    Airport size Outlook (Revenue, USD Million; 2018–2028)

    • Large
    • Medium
    • Small

    End Use Material Outlook (Revenue, USD Million; 2018–2028)

    • Implementation
    • Upgrades & Services

    Type Outlook (Revenue, USD Million; 2018–2028)

    • Airport 2.0
    • Airport 3.0
    • Airport 4.0

    Operation Outlook (Revenue, USD Million; 2018-2028)

    • Aeronautical
    • Non-aeronautical

    Regional analysis provides insights into key trends and demands in each major country that can affect market growth in the region.

    • North America (U.S., Canada, Mexico)
    • Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
    • Asia Pacific (China, India, Japan, South Korea, Rest of APAC)
    • Latin America (Brazil, Rest of LATAM)
    • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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