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According to Market Study Report, Smart Airports Market provides a comprehensive analysis of the Smart Airports Market segments, including their dynamics, size, growth, regulatory requirements, technological trends, competitive landscape, and emerging opportunities of global industry. This report also provides market landscape and market share information in the Smart Airports Market.
Top Companies profiled in the Smart Airports market include are Collins Aerospace (US), IBM Corporation(US), Huawei Technologies Co., Ltd. (China), Cisco Systems, Inc. (US), Sabre Corp. (US), Amadeus IT GroupSA (Spain), SITA (Switzerland), Honeywell International Inc. (US), Siemens AG (Germany), Thales Group (France), and Indra Sistemas, S.A.(Spain).
By airport size, the medium segment is expected to witness the highest CAGR because modern-day airport requirements have increased in terms of complexity and scale in comparison to the initial days of commercial flying. This growth is due to the increasing adoption of smart solutions in medium airports. Applications such as real-time services, passenger processing, baggage tracking, and security & surveillance are expected to drive the growth of this segment. For airport operators across the globe, cost-efficiency, environmental protection, and passenger comfort are of vital importance.
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In the airside segment, the E-fence is expected to lead the market from 2019 to 2025, as it helps airports in securing their runways and terminal buildings. Airports are investing in perimeter security solutions for better surveillance and security of aircraft. Airside application also includes air traffic management and ground staff equipment management, which are aggressively incorporating smart technologies to optimize their processes.
“The Middle East smart airports market is expected to witness the highest CAGR during the forecast period”
The Middle East region consists of growing economies, which are expected to be open to testing and implementing smart solutions at their airports. Due to high passenger footfall in Middle Eastern countries, airports must upgrade their systems. In a major development, King Abdulaziz International Airport in Jeddah, Saudi Arabia, is undergoing major development with a budget of over USD 1.5 billion.
Breakdown of primary participants’ profile:
- By Company Type: Tier 1: 40%, Tier 2: 30%, and Tier 3: 30%
- By Designation: C-level Executives: 30%, Directors: 20%, and Others*:50%
- By Region: North America: 27%, Europe: 18%, Asia Pacific: 37%, and RoW: 18%
Competitive Landscape of Smart Airports market:
2 Competitive Analysis
2.1 Smart Airports Market Competitive Leadership Mapping (Overall Market)
2.1.1 Visionary Leaders
2.1.3 Dynamic Differentiators
2.1.4 Emerging Companies
3 Competitive Scenario
3.1 Contracts and Agreements
3.2 New Product Launches
3.3 Collaborations and Partnerships
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