Sarasota, FL, Oct. 09, 2017 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Smart Airports Market by Technology (Security Systems, Communication Systems, Passenger, Cargo & Baggage Handling Control, Air/Ground Traffic Control, Endpoint Devices), by Airside (Air Traffic Management, Resource Management, Aircraft Parking, Aircraft Maintenance), for Aeronautical Operations and Non-aeronautical Operations. Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016 – 2022”. According to the report, the global smart airports market was valued USD 12.40 billion in 2016 and is expected to reach around USD 17.19 billion by 2022, at a CAGR of 5.64% for the forecast period from 2017 to 2022.
Across the globe, the smart airport is a huge market that is gaining attention due to the increase in demand for the travelers’ growing needs for real-time information and airports moving towards customer-centric approach. Based on application, it is categorized into hospitality, transportation, airport operations and others. The increasing focus on value added services such as customer servicing, enhancing the customer experience as well as increasing need for operational efficiency are the factors expected to drive the smart airport markets growth in coming years. The market for the smart airport is anticipated to expand at a CAGR of approximately 5.64% during the forecast period from 2017 to 2022 and market is expected to reach approximately USD 17.19 billion in terms of revenue by 2022.
Browse through 68 Market Tables and 46 Figures spread through 110 Pages and in-depth TOC on "Global Smart Airports Market: By Technology, Application, Size, Share, Analysis and Forecast 2016 – 2022”.
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The smart airports market players have been focusing on the innovations in terms of technological advancements and to increase the safety and durability. The unprecedented increase in global smartphone users as well as the need for real-time information related to the boarding, flight timing, and other flight-related information are some of the drivers which drive the growth of the smart airport market. The emerging economies are expected to present lucrative growth opportunities to the smart airport market than developed countries with advanced infrastructure.
The smart airport market is segmented on the basis of technology, airside, terminal side, landside, application, and regions. The technology segment for the smart airports market is security systems, communication systems\passenger, cargo & baggage handling control, air/ground traffic control, endpoint devices and other technologies. Airside segment holds air traffic management, resource management, aircraft parking, aircraft maintenance and others. The terminal segment includes baggage handling, check-in systems, building operations, sustainable energy management. A landside segment for smart airports market is vehicular parking, security, intelligent advertising. Further, on the basis of application, the market for the smart airport is segmented into aeronautical operations, non-aeronautical operations.
Browse the full " Smart Airports Market by Technology (Security Systems, Communication Systems, Passenger, Cargo & Baggage Handling Control, Air/Ground Traffic Control, Endpoint Devices), by Airside (Air Traffic Management, Resource Management, Aircraft Parking, Aircraft Maintenance), for Aeronautical Operations and Non-aeronautical Operations. Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016 – 2022." report at https://www.zionmarketresearch.com/report/smart-airports-market
The smart airports market in Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period. The rise in passenger movement has led the airports to upgrade services and technologies such as security systems, communication systems, and baggage & cargo handling systems, among others for secure and hassle-free operations. Moreover, airport authorities have approved the major development of greenfield airport which led to the increase in investments in countries such as India and China. Smart robots are set to boost the productivity scenario at Changi Airport. A smart wheelchair system, wheelchairs guided by vision-based technology, is on trial at the airport. According to SITA IT Airport Survey, around 80% of the airports have been investing in beacons and other sensors for the next three years, which would make passengers journey comfortable and timely.
Geographically, the Middle East market is expected to reach USD 850 million by 2020, owing to the high investments, especially in UAE.
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The major participants in the smart airports market are Honeywell Corporation Inc (U.S.), Rockwell Collins (U.S.), SITA (Switzerland), Siemens AG (Germany), IBM Corporation (U.S.), and Amadeus IT Group SA (Spain) among others. These players have adopted strategies such as contracts, new product developments, and agreements to strengthen their position in the smart airports market.
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The report segment of smart airports market is as follows:
Smart Airports Market: Technology Segment Analysis
- Security Systems
- Communication Systems
- Passenger, Cargo & Baggage Handling Control
- Air/Ground Traffic Control
- Endpoint Devices
- Other Technologies
Smart Airports Market: Airside Segment Analysis
- Air Traffic Management
- Resource Management
- Aircraft Parking
- Aircraft Maintenance
- Others
Smart Airports Market: Terminal Segment Analysis
- Baggage Handling
- Check-in Systems
- Building Operations
- Sustainable Energy Management
Smart Airports Market: Landside Segment Analysis
- Vehicular Parking
- Security
- Intelligent advertising
Smart Airports Market: Application Segment Analysis
- Aeronautical Operations
- Non-aeronautical Operations
Smart Airports Market: Regional Segment Analysis
- North America
- U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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