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Investment activities in the smart airport ticks up with technological advancements in global market illuminated by new report

Automotive and Transportation Market Research

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  Make an Inquiry about this newswas 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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Drivers:

Demand in Real-Time Location

Restraints:

Higher Cost and maintenance

Opportunities:

Growth in Tourism Industry

Challenges:

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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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

Endpoint Devices

Security Systems

Others

By Region

North America

Europe

Asia-Pacific

RoW

Key Market Players

Cisco Systems, Inc.

Siemens AG

Honeywell International, Inc.

IBM Corporation

Thales Group

Rockwell Collins, Inc.

Indra Siestma S.A.

Amadeus IT Group SA

Sabre Corporation

QinetiQ Group Plc      

NEC Corporation

(A brief overview of 14 companies is also provided)

News From

Genesis Market InsightsGenesis Market Insights
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