Global Smart Airport Market

Smart Airport Market Size, Share, Growth Analysis, By Technology(Security Systems and Communication Systems), By Application(Airport processes and Airside Operations), By Region - Industry Forecast 2024-2031


Report ID: SQMIG20W2005 | Region: Global | Published Date: June, 2024
Pages: 202 |Tables: 59 |Figures: 75

Smart Airport Market Insights

Global Smart Airport Market size was valued at USD 22.4 billion in 2022 and is poised to grow from USD 24.84 billion in 2023 to USD 56.84 billion by 2031, growing at a CAGR of 10.9% in the forecast period (2024-2031).

The increased adoption of automated and connected airport processes, such as self-service check-ins, smart baggage drop, and smart luggage tracking, has played a significant role in the growth of the market. This growth can be attributed to the widespread implementation of these technologies, which have improved efficiency and convenience for passengers. Furthermore, there is a growing demand for technologically-advanced non-aeronautical systems, communication systems, and security systems like electronic bag tags. These advancements are expected to further drive the market growth in the foreseeable future. Airports are increasingly incorporating emerging technologies and devices, including smart access control systems, fingerprint readers, and smart card technology, to enhance the overall passenger experience. The introduction of smartphone-based airport applications has enabled passengers to access real-time information such as gate numbers, arrival times, directions to the airport, check-in lines, and flight bookings. Companies worldwide are making significant investments in IT and digital technology to streamline their business processes and offer value-added services to customers. Many airports are now prioritizing passenger self-service solutions and planning to implement new technologies like Bluetooth-enabled beacons to provide connected airport solutions. The current airport operation and business models have led to remarkable growth in the airline industry. Industry participants are increasingly concerned about heightened competition, which has prompted a shift towards a customer-centric and data-driven approach to enhance operational efficiency. Additionally, airports worldwide are embracing Airport 3.0, aiming to leverage the benefits of emerging technologies with advanced capabilities.

Market Snapshot - 2024-2031

Global Market Size

USD 22.4 billion

Largest Segment

Security Systems

Fastest Growth

Security Systems

Growth Rate

10.9% CAGR

Global Smart Airport Market 2021-2030 ($ Bn)
Country Share for North America Region- 2021 (%)

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Smart Airport Market Segmental Analysis

The Global Smart Airport market is segmented by Technology, Application, and region. Based on Technology, the market can be segmented into security systems and communication systems. Based on Application, the market is segmented into airport processes and airside operations. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Global Smart Airport Market Analysis by Technology

By Technology, the market can be segmented into security systems and communication systems. Security systems, which include biometric authentication, facial recognition, and RFID technology, dominate the market due to the increasing importance of airport security and the need for efficient and effective security systems to ensure passenger safety. With the rise in global terrorism and security threats, the demand for advanced security systems in airports is on the rise, leading to increased investments in this segment.

Communication systems, which include Wi-Fi, Bluetooth, and other wireless technologies, are the fastest-growing segment due to the increasing demand for better connectivity and communication in airports. Passengers expect to be connected at all times and airports are investing in new technologies to offer a seamless communication experience. This includes the use of beacon technology for personalized communication, mobile apps for wayfinding and boarding information, and the integration of social media channels to keep passengers informed and engaged.

Global Smart Airport Market Analysis by Application

By Application, the market can be segmented into airport processes and airside operations. Airport processes, which include security, check-in, boarding, and baggage handling processes, dominate the market due to their crucial role in ensuring the smooth functioning of airports. As passenger traffic continues to increase, airports are investing heavily in new technologies to improve the efficiency and speed of these processes. This includes the use of biometric authentication and facial recognition systems for streamlined security, self-service check-in kiosks, and automated baggage handling systems.

Airside operations, which include aircraft parking, fueling, and maintenance, are the fastest-growing segment due to the increasing demand for efficient aircraft management and maintenance. With the rise in air travel, airports are investing in advanced technologies such as airport collaborative decision-making (A-CDM) systems, which allow for real-time information sharing between airlines and airport operators to optimize aircraft turnaround times. Additionally, the use of IoT-enabled devices and predictive maintenance systems for aircraft maintenance is on the rise, leading to increased demand for these technologies in the airside operations segment.

Global Smart Airport Market Size By Technology, 2021 (%), 2023 (%)

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Smart Airport Market Regional Insights

North America is one of the leading regions in the smart airport market due to the presence of major players in the industry, including Honeywell International Inc., Cisco Systems Inc., and Siemens AG. The United States (US) dominates the North American smart airport market, with a significant number of airports in the country implementing smart airport technologies. Additionally, the US government has taken several initiatives to modernize airport infrastructure, which has further boosted the market growth.

The Asia-Pacific region is the fastest-growing market for smart airports. The region's growth can be attributed to the increasing number of air passengers, particularly in emerging economies such as China and India. China is leading the APAC smart airport market with the country's government investing heavily in smart airport infrastructure. Moreover, the Chinese market has several local players such as Huawei Technologies Co. Ltd., which are providing advanced solutions to airports.

Global Smart Airport Market By Geography, 2021-2030, 2024-2031
  • Largest
  • Fastest

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Smart Airport Market Dynamics

Global Smart Airport Market Drivers

Increasing demand for enhanced passenger experience and operational efficiency

  • One key driver fueling the growth of the global smart airport market is the increasing demand for enhanced passenger experience and operational efficiency. Airports are adopting smart technologies and automation solutions to streamline processes such as self-service check-ins, smart baggage handling, and real-time information access. This enables airports to provide a seamless and convenient travel experience to passengers while improving operational efficiency and reducing costs. The focus on passenger-centric solutions and the need to optimize airport operations are major drivers propelling the growth of the smart airport market.

Global Smart Airport Market Restraints

High implementation and infrastructure costs associated

  • One significant restraint hindering the growth of the global smart airport market is the high implementation and infrastructure costs associated with adopting smart technologies. Upgrading existing airport infrastructure and integrating smart systems require substantial investments, which can pose a challenge for airports, particularly those with limited financial resources. Additionally, concerns related to data privacy and cybersecurity can also act as a restraint, as airports need to ensure the protection of passenger information and maintain robust cybersecurity measures to safeguard against potential threats and breaches.

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Smart Airport Market Competitive Landscape

The global smart airport market is characterized by a diverse range of players offering innovative solutions and services. Several companies are actively involved in developing and providing smart airport technologies, including solution providers, system integrators, and software developers. These players compete based on factors such as product offerings, technological advancements, pricing strategies, and customer support. Additionally, partnerships, collaborations, and mergers and acquisitions are common strategies adopted by market players to expand their market presence and gain a competitive edge.

Top Player’s Company Profiles in Global Smart Airport Market

  • Honeywell International Inc. (US)
  • Siemens AG (Germany)
  • Cisco Systems Inc. (US)
  • Thales Group (France)
  • IBM Corporation (US)
  • Amadeus IT Group SA (Spain)
  • Collins Aerospace (US)
  • SITA (Switzerland)
  • NEC Corporation (Japan)
  • Huawei Technologies Co. Ltd. (China)
  • Rockwell Collins (US)
  • Indra Sistemas S.A. (Spain)
  • Gentrack (New Zealand)
  • T-Systems International GmbH (Germany)
  • Vanderlande Industries (Netherlands)
  • Wipro Limited (India)
  • Infosys Limited (India)
  • Intelsat SA (Luxembourg)
  • Daifuku Co., Ltd. (Japan)
  • NEC Display Solutions (Japan)

Global Smart Airport Market Recent Developments

  • Honeywell released an enhanced portfolio of products in May 2023, including the Honeywell NAVITASTM Smart Visual Docking system, to maximize airport efficiency and safety. By improving gate operations and airfield lighting, the solution seeks to assist airports in managing the issues of rising flight traffic and a scarcity of personnel.

     

  • In April 2023, SAS TaxiBots will be used at Delhi and Bengaluru airports, beginning with the A320 family of airplanes thanks to a partnership between Air India and KSU Aviation. Using semi-autonomous equipment, the airline may save 15k tonnes of fuel over three years, which would lower costs. In its subsidiaries and at other airports, Air India wants to expand its deployment.

  • In March 2023, Munich Airport announced plans to invest €1 billion in smart airport technologies over the next five years.

Smart Airport Key Market Trends

  • One notable market trend in the global smart airport industry is the growing emphasis on sustainability and eco-friendly initiatives. Airports are increasingly adopting green technologies and practices to reduce their environmental impact. This includes the implementation of energy-efficient systems, renewable energy sources, waste management solutions, and sustainable construction methods. The focus on sustainability aligns with the industry's commitment to environmental responsibility, reducing carbon footprints, and meeting sustainability targets. As environmental concerns continue to gain prominence, integrating sustainable practices into smart airport operations becomes a key trend driving the industry forward.

Smart Airport Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our global smart airport market analysis, the market is witnessing significant growth driven by various factors. Increased penetration of automated and connected airport processes, along with the rising demand for technologically-advanced non-aeronautical systems, communication systems, and security systems, contributes to market expansion. Airports are implementing emerging technologies and devices to enhance the passenger experience, while companies are investing heavily in IT and digital technology to streamline operations and offer value-added services. Additionally, the industry is transitioning towards a customer-centric and data-driven approach, with a focus on enhancing operational efficiency. However, challenges such as high implementation costs and concerns regarding data privacy and cybersecurity need to be addressed.

Report Metric Details
Market size value in 2023 USD 22.4 billion
Market size value in 2031 USD 56.84 billion
Growth Rate 10.9%
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Technology
    • Security Systems and Communication Systems
  • Application
    • Airport processes and Airside Operations
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Honeywell International Inc. (US)
  • Siemens AG (Germany)
  • Cisco Systems Inc. (US)
  • Thales Group (France)
  • IBM Corporation (US)
  • Amadeus IT Group SA (Spain)
  • Collins Aerospace (US)
  • SITA (Switzerland)
  • NEC Corporation (Japan)
  • Huawei Technologies Co. Ltd. (China)
  • Rockwell Collins (US)
  • Indra Sistemas S.A. (Spain)
  • Gentrack (New Zealand)
  • T-Systems International GmbH (Germany)
  • Vanderlande Industries (Netherlands)
  • Wipro Limited (India)
  • Infosys Limited (India)
  • Intelsat SA (Luxembourg)
  • Daifuku Co., Ltd. (Japan)
  • NEC Display Solutions (Japan)
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Smart Airport Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Smart Airport Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Smart Airport Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Smart Airport Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Smart Airport Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Smart Airport Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Smart Airport Market size was valued at USD 22.4 billion in 2022 and is poised to grow from USD 24.84 billion in 2023 to USD 56.84 billion by 2031, growing at a CAGR of 10.9% in the forecast period (2024-2031).

The smart airport market is characterized by a diverse range of players offering innovative solutions and services. Several companies are actively involved in developing and providing smart airport technologies, including solution providers, system integrators, and software developers. These players compete based on factors such as product offerings, technological advancements, pricing strategies, and customer support. Additionally, partnerships, collaborations, and mergers and acquisitions are common strategies adopted by market players to expand their market presence and gain a competitive edge. 'Honeywell International Inc. (US)', 'Siemens AG (Germany)', 'Cisco Systems Inc. (US)', 'Thales Group (France)', 'IBM Corporation (US)', 'Amadeus IT Group SA (Spain)', 'Collins Aerospace (US)', 'SITA (Switzerland)', 'NEC Corporation (Japan)', 'Huawei Technologies Co. Ltd. (China)', 'Rockwell Collins (US)', 'Indra Sistemas S.A. (Spain)', 'Gentrack (New Zealand)', 'T-Systems International GmbH (Germany)', 'Vanderlande Industries (Netherlands)', 'Wipro Limited (India)', 'Infosys Limited (India)', 'Intelsat SA (Luxembourg)', 'Daifuku Co., Ltd. (Japan)', 'NEC Display Solutions (Japan)'

One key driver fueling the growth of the smart airport market is the increasing demand for enhanced passenger experience and operational efficiency. Airports are adopting smart technologies and automation solutions to streamline processes such as self-service check-ins, smart baggage handling, and real-time information access. This enables airports to provide a seamless and convenient travel experience to passengers while improving operational efficiency and reducing costs. The focus on passenger-centric solutions and the need to optimize airport operations are major drivers propelling the growth of the smart airport market.

One notable market trend in the smart airport industry is the growing emphasis on sustainability and eco-friendly initiatives. Airports are increasingly adopting green technologies and practices to reduce their environmental impact. This includes the implementation of energy-efficient systems, renewable energy sources, waste management solutions, and sustainable construction methods. The focus on sustainability aligns with the industry's commitment to environmental responsibility, reducing carbon footprints, and meeting sustainability targets. As environmental concerns continue to gain prominence, integrating sustainable practices into smart airport operations becomes a key trend driving the industry forward.

North America is one of the leading regions in the smart airport market due to the presence of major players in the industry, including Honeywell International Inc., Cisco Systems Inc., and Siemens AG. The United States (US) dominates the North American smart airport market, with a significant number of airports in the country implementing smart airport technologies. Additionally, the US government has taken several initiatives to modernize airport infrastructure, which has further boosted the market growth.

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