Smart Airport Market Share Analysis, Growth and Forecast-2028

Smart Airport Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Component (Hardware and Software) and Application (Terminal Side, Airside, and Land Side)

Publication Month : Jul 2022

  • Report Code : TIPAD00002061
  • Category : Aerospace and Defense
  • Status : Published
  • No. of Pages : 146
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[Research Report] The smart airport market size is expected to grow from US$ 26.073 billion in 2022 to US$ 66.763 billion by 2028; it is expected to grow at a CAGR of 17.0% from 2022 to 2028.

Analyst Perspective:

The smart airport market has experienced significant growth and innovation in recent years, revolutionizing how airports operate and enhancing the overall passenger experience. Smart airports integrate advanced technologies and intelligent systems to optimize various processes, such as passenger flow management, security, baggage handling, and airport operations. One of the key drivers behind the smart airport market is the increasing passenger demand for seamless and efficient travel experiences. Smart airports utilize various technologies, including the Internet of Things (IoT), artificial intelligence (AI), big data analytics, biometrics, and automation, to create a connected and intelligent ecosystem within the airport premises. Passenger flow management is a crucial aspect of smart airports. By leveraging IoT and AI technologies, airports can monitor and manage passenger movement in real time, reducing congestion and improving overall efficiency. This includes features like automated check-in kiosks, self-service baggage drop-off, biometric authentication for boarding, and real-time flight information updates. Security is another key focus area in smart airports. Advanced surveillance systems, facial recognition technology, and biometric authentication enhance security, making the screening process more efficient and less intrusive for passengers. Also, smart airports use data analytics to detect potential security threats and predict patterns, enhancing proactive security measures. Efficient baggage handling is vital for a seamless travel experience. Smart airports deploy automated baggage handling systems that use RFID tags and sensors to track and route bags accurately, reducing the risk of mishandling or loss. Passengers can also receive real-time updates on their luggage through mobile apps or self-service kiosks. Furthermore, smart airports improve operational efficiency by leveraging data analytics and AI algorithms to optimize resource allocation, streamline maintenance processes, and enhance energy management systems. These technologies enable airports to monitor and manage various operations more effectively, such as parking, facility management, and air traffic control

The global smart airport market is anticipated to grow in the coming years. Increasing air passenger traffic, rising adoption of smart technologies by airports worldwide, and the need to enhance operational efficiency and passenger experience are the primary factors driving this growth. As the market evolves, airports will continue to invest in innovative solutions to create smarter, safer, and more convenient travel hubs for passengers.

Market Overview:

Passengers can access real-time data analytics and self-service options at smart airports thanks to automated and linked technology like the Internet of Things (IoT), GPS, and sensors. They make it possible for smart devices to obtain information quickly, facilitating accurate planning, execution, and other digital tasks. Their demand is rising worldwide because they provide cutting-edge services, including automated security gates, unmanned immigration systems, real-time CCTV security monitoring, and RFID/NFC-based luggage tracking.

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Smart Airport Market: Strategic Insights

Market Size Value inUS$ 26.073 billion in 2022
Market Size Value byUS$ 66.763 billion by 2028
Growth rateCAGR of 17.0% from 2022 to 2028
Forecast Period2022-2028
Base Year2022
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Market Driver:

Enhanced Passenger Experience to Drive Growth of Smart Airport Market

The focus on enhancing the passenger experience is a significant driver for the growth of the smart airport market. Airports increasingly recognize the importance of providing passengers with a seamless and enjoyable journey from when they arrive at the airport until they reach their destination. By implementing smart airport technologies, airports can offer various services and features that enhance the overall passenger experience. For example, self-service check-in kiosks enable passengers to check in quickly and easily, avoiding long queues at traditional check-in counters. This self-service option gives passengers more control over their travel process, saving them time and reducing stress. Biometric authentication is another technology that improves the passenger experience. With biometrics, such as facial recognition or fingerprint scanning, passengers can pass through security checkpoints or board aircraft without needing physical boarding passes or multiple document checks. This streamlined process reduces waiting times and enhances security simultaneously. Real-time flight updates are crucial for keeping passengers informed and reducing uncertainty during their journey. Smart airports provide real-time updates on flight statuses, gate changes, and baggage collection, accessed through digital displays, mobile apps, or interactive kiosks. Passengers can stay informed and adjust their plans accordingly, improving their overall travel experience.

Additionally, smart airports leverage mobile apps and digital platforms to offer personalized services and information to passengers. These apps provide features like wayfinding assistance, retail and dining recommendations, and access to airport amenities. By tailoring information and services based on passenger preferences and needs, smart airports create a more personalized and engaging experience for travelers.

Segmental Analysis:

Based on application, the smart airport market is segmented into terminal side, airside, and land side. The terminal side segment held the largest share of the smart airport market in 2020 and is anticipated to register the highest CAGR in the market during the forecast period. The terminal side segment is the dominant player in the smart airport market, holding the largest market share. This segment focuses on improving passenger experiences through streamlined check-in processes, enhanced security screening, efficient baggage handling, and personalized amenities and services. By implementing smart technologies in this segment, airports can optimize operations, enhance security measures, and provide a seamless and enjoyable travel experience. The terminal side segment's market dominance is driven by its crucial role in shaping the overall passenger journey and satisfaction.

Regional Analysis:

The Asia Pacific smart airport market was valued at US$ 10.334 billion in 2022 and is projected to reach US$ 29.478 billion by 2028; it is expected to grow at a CAGR of 19.1% during the forecast period. The Asia Pacific region has appeared as the dominant market in the smart airport industry, showcasing significant market share and growth. Several factors contribute to the region's leadership position. The region benefits from rapid economic growth and increasing air travel. Countries like China, India, and Southeast Asian nations are witnessing a surge in domestic and international air travel, driving the demand for smart airport solutions. As airports strive to handle the growing passenger volumes, they invest heavily in smart technologies to improve operational efficiency and passenger experience. Government support plays a vital role in the region's dominance. Governments in the Asia Pacific are actively supporting initiatives to develop advanced airport infrastructure and technologies. Collaborations between governments, airport authorities, and technology providers are fostering the implementation of smart solutions to enhance security, optimize operations, and provide seamless passenger experiences. Technological advancements and innovation capabilities are key contributors to the region's dominance. Countries like Japan, South Korea, China, and Singapore are at the forefront of adopting cutting-edge technologies. They have been pioneers in implementing smart airport solutions, leveraging biometric authentication, artificial intelligence, IoT, and data analytics to create efficient and intelligent airport ecosystems. The region's large population base and thriving tourism industry also play a significant role. Increasing middle-class populations and rising disposable incomes have led to a surge in air travel demand. To cater to these growing passenger needs, airports in the Asia Pacific are investing in smart airport technologies to provide seamless and enjoyable travel experiences. Furthermore, the Asia Pacific region's diverse range of airports, from major international hubs to smaller regional airports, provides ample opportunities to implement smart airport technologies across different scales and operational requirements.

Key Player Analysis:

The smart airport market analysis consists of the players such as Honeywell International Inc; Cisco Systems Inc; Huawei Technologies Co., Ltd; Indra Sistemas SA; Amadeus IT Group SA; SITA; Collins Aerospace; Daifuku Co. Ltd.; Thales Group; and T-Systems International GmbH. Among the players in the smart airport Honeywell International Inc and Thales Group are the top two players owing to the diversified product portfolio offered.

Recent Developments:

Inorganic and organic strategies such as mergers and acquisitions are highly adopted by companies in the smart airport market. A few recent key market developments are listed below: 

  • In June 2022, SITA announced its partnership with Alstef Group to launch Swift Drop, a new self-bag drop solution. This is expected to significantly reduce passengers' time to check bags at the airports. Mexico City's brand-new Felipe Ángeles International Airport opened in late March and has become the first airport globally to install 20 Swift Drop units.
  • In 2021, the Spanish IT solution provider Amadeus IT Group announced that it had installed touchless bag drop technology at Heathrow Airport (LHR) in the UK for trials.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Component, and Application

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Australia, Canada, China, France, Germany, India, Italy, Japan, Mexico, Middle East and Africa, Russian Federation, South America, South Korea, United Kingdom, United States

Frequently Asked Questions

What is the future trend in the smart airport market?

Emerging Need for Cost-Effective Airport Systems

Which country is holding the major market share of smart airport market?

The US is expected to hold a major market share of smart airport market in 2022

Which are the key players holding the major market share of smart airport market?

Collins Aerospace, Amadeus IT Group SA, Honeywell International, SITA Aero, and Indra Sistemas S.A. are the key market players expected to hold a major market share of smart airport market in 2022

What are the driving factors impacting the smart airport market?

1. Growing Investments from Airport Authorities for Deployment of Smart Connected Systems
2. Focus of Vendors on Customer-Centric Offerings

Which is the fastest growing regional market?

Asia Pacific is expected to register highest CAGR in the smart airport market during the forecast period (2022-2028)

Which is the leading component type segment in the smart airport market?

Hardware segment is expected to hold a major market share of smart airport market in 2022

What is the estimated global market size for the smart airport market in 2022?

The estimated global market size for the smart airport market in 2022 is expected to be around US$ 26.07 billion

What will be the global market size of smart airport market by 2028?

The global market size of smart airport market by 2028 will be around US$ 66.76 billion

What is the incremental growth of the smart airport market during the forecast period?

The smart airport market is expected to register an incremental growth value of US$ 40.68 billion during the forecast period

Which countries are registering a high growth rate during the forecast period?

India, China and UK are expected to register high growth rate during the forecast period

The List of Companies - Smart Airport Market

  1. Honeywell International Inc
  2. Cisco Systems Inc
  3. Huawei Technologies Co., Ltd
  4. Indra Sistemas SA
  5. Amadeus IT Group SA
  6. SITA
  7. Collins Aerospace
  8. Daifuku Co. Ltd.
  9. Thales Group
  10. T-Systems International GmbH

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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