Smart Airports Market By Application (Non-Aeronautical Operations, Aeronautical Operations), By Platform (Landside, Airside, Terminal Side) By Technology (Air/Ground Traffic Control, Communication Systems, Passenger, Cargo, & Baggage Ground Handling Control) - Global Opportunity Analysis and Industry Forecast, 2018-2023
Global Smart Airport Market was valued at USD 11.66 billion in the year 2017. Global Smart Airport market is further estimated to grow at a CAGR of 7.10% from 2018 to reach USD 17.6 billion by the year 2023.
Asia-Pacific region holds the highest market share in 2017 and Asia-Pacific market is considered as the fastest growing market in the forecasted period. At country level China, Japan, India are projected to grow strongly in the coming years.
Cisco Systems, Inc. (U.S.), Siemens AG (Germany), Honeywell International, Inc. (U.S.), IBM Corporation (U.S.), Thales Group (France), Rockwell Collins, Inc. (U.S.), Indra Siestma S.A. (Spain), Amadeus IT Group SA (Spain), Sabre Corporation (U.S.), QinetiQ Group Plc (U.K.), NEC Corporation (Japan), are some of the key players in the Global Smart Airport market. Rising research and development expenses to cater changing demand of end users, similarly growth strategies such as acquisition, merger and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.
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Demand in Real-Time Location
Higher Cost and maintenance
Growth in Tourism Industry
Government Regulations and norms.
The major shares of the market comes from Landside, by platform in Global Smart Airport Market. On the other hand, Communication systems, by technology for this market is expected to grow at highest CAGR during year 2018-2023.
Key Benefits for Stakeholders
Smart Airport Service & Solution Provider
Airlines & Airport Authorities
Technology Standards Organizations, Forums, Alliances and Associations
End use industries
Regulatory bodies, policy actors and consumers.
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Air/Ground Traffic Control
Passenger, Cargo, & Baggage Ground Handling Control
Key Market Players
Cisco Systems, Inc.
Honeywell International, Inc.
Rockwell Collins, Inc.
Indra Siestma S.A.
Amadeus IT Group SA
QinetiQ Group Plc
(A brief overview of 14 companies is also provided)
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