The Smart Airport Market Is Estimated To Grow Over The Cagr Of Around 12% During The Period 2017 To 2023.
The global smart airport market has been segmented based on technology, application, terminal type, airside, landside, and region. The technology market is classified into communication systems, passenger, end devices, cargo and baggage handling, air traffic management systems, security systems, and others. The security system segment is anticipated to dominate the market, in terms of investment, throughout the forecast period. The security systems segment is probably going to be driven by rising demand for bio-metric devices by airports for the identification and checking process.
The smart airport market is predicted to expand due to high demand for terminal-side, and land-side services. The terminal type market is anticipated to be driven by rising demand for digital video surveillance and management solutions by airports to boost the safety and productivity of the workplace. Moreover, the increase in penetration of smartphones and tablets is playing a significant role in dynamic of smart airports. Effective customer service and reduction in cost are the two main edges provided by the presence of mobile check-in facilities.
In the recent years, the European Union witnessed a rise in the number of air passengers. It is expected that the air passenger volume is going to expand in the coming years. This increase in air traveler volume in the Europe region is one of the key drivers for smart airport construction. In addition, the European countries are well-liked tourist destinations and are widely preferred by tourists around the world. Similarly, developments in the Middle East are increasing at a steady pace, catered by strong developments of the tourism sector, and as a result, the demand for smart airports will increase in this region throughout the forecast period.
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Scope of the Report
This study provides an overview of the global smart airport market, tracking five market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia Pacific (APAC), Middle East and Africa, and South America . The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global smart airport market by its technology, application, terminal type, airside, landside and region.