Dublin, Aug. 09, 2024 (GLOBE NEWSWIRE) -- The "Airport Digitization - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Airport Digitization is estimated at US$8.2 Billion in 2023 and is projected to reach US$11.4 Billion by 2030, growing at a CAGR of 5.0% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the airport digitization market is driven by several factors. Firstly, the increasing volume of air traffic and passenger numbers necessitates more efficient management systems to handle the rising demand without compromising on service quality. Secondly, advancements in digital technologies, including AI, machine learning, and IoT, provide the tools necessary for developing sophisticated airport management solutions. Thirdly, the emphasis on enhancing passenger experience, driven by competitive pressures and evolving customer expectations, is pushing airports to adopt digital innovations.
Additionally, regulatory requirements for improved security and safety standards are promoting the integration of advanced surveillance and screening technologies. The growing trend towards contactless travel solutions, accelerated by the COVID-19 pandemic, has further emphasized the need for digital transformations in airports. Finally, the availability of funding and investment in smart infrastructure projects supports the widespread adoption of digitization initiatives across major and regional airports globally.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Airport Digitization Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Airport Digitization Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Passenger Screening & Security Application segment, which is expected to reach US$5.3 Billion by 2030 with a CAGR of a 4.6%. The Baggage Services Application segment is also set to grow at 5.1% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $2.2 Billion in 2023, and China, forecasted to grow at an impressive 8.1% CAGR to reach $2.4 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as ADB Safegate BVBA, Alstef Group SAS, Amadeus IT Group S.A., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 193 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $8.2 Billion |
| Forecasted Market Value (USD) by 2030 | $11.4 Billion |
| Compound Annual Growth Rate | 5.0% |
| Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of COVID-19 and a Looming Global Recession
- Airport Digitization - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
- Increasing Demand for Efficient Airport Operations Drives Growth
- Technological Innovations in Airport Management Systems Propel Market
- Rising Focus on Passenger Experience and Convenience Spurs Adoption
- Expansion of Smart Airport Projects Strengthens Business Case
- Growth in Air Passenger Traffic Generates Demand
- Development of IoT and Connected Technologies Expands Market Opportunities
- Stringent Security Regulations Drive Market Adoption
- Advances in AI and Machine Learning for Airport Operations Propel Market Growth
- Increasing Use of Biometrics and Facial Recognition Enhances Market Appeal
- Growth in Contactless and Touchless Solutions Sustains Market Demand
- Rising Investments in Airport IT Infrastructure Generate Market Opportunities
- Increasing Focus on Data Analytics and Real-Time Monitoring Drives Adoption
- Development of Integrated and Scalable Airport Solutions Expands Addressable Market
- Growing Trend of Digital Twin Technology in Airports Spurs Growth
FOCUS ON SELECT PLAYERS (Total 52 Featured)
- ADB Safegate BVBA
- Alstef Group SAS
- Amadeus IT Group S.A.
- Amazon Web Services
- BEUMER Group GmbH & Co. KG
- Bollore S.E
- Nokia Corporation
- Rapiscan Systems
- Saab AB
- Scarabee Aviation Group B.V.
- Siemens Logistics GmbH
- SITA Group
- Thales Group
- T-Systems International GmbH
- Veoci Inc.
For more information about this report visit https://www.researchandmarkets.com/r/5ppgl6
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