Smart Airport Market Analysis and Forecast by Size, Share, Growth, Trends 2031

The smart airport market size is projected to reach US$ 116.80 billion by 2031 from US$ 30.01 billion in 2023. The market is expected to register a CAGR of 18.5% during 2023–2031. Emerging need for cost-effective airport systems is likely to remain a key trend in the market.

Smart Airport Market Analysis

The airports take solutions and services from smart airport system manufacturers. The demand for automated systems for smart airports is increasing owing to rising investments in the deployment of AI & ML-based systems across different airports. Component manufacturers in the smart airport ecosystem have signed short-term and long-term contracts with the manufacturers of smart technology devices, such as intelligent data handling systems, artificial intelligence biometrics, IoT sensors, modems, routers, and peel & stick sensors. Amadeus IT Group SA; Cisco System, Inc; Huawei Technologies Co., Ltd; Honeywell International Inc.; Indra Sistemas SA; SABRE GLBL Inc.; Jeppesen; Zensors; and SITA are the smart airport systems providers. These companies provide end-to-end smart devices, services, and solutions to target end users. Major end users of smart airport systems include Singapore Changi Airport, Seoul Incheon Airport, Houston Airports, Tokyo Haneda Airport, Hong Kong International Airport, Doha Hamad International Airport, Munich Airport, and London Heathrow Airports.

Smart Airport Market Overview

Major stakeholders in the smart airport market ecosystem include component manufacturers and suppliers, software developers and integrators, smart airport system manufacturers, and end users. Component manufacturers and suppliers include Astronics Corporation, TE Connectivity, Molex, Panduit, Honeywell, and Schneider Electric, among others. Increasing government investments in setting up smart airports are accelerating the digitization of airports. Security is crucial in smart airports; thus, many smart airport authorities are working together to secure these facilities and improve their operational efficiencies.

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Smart Airport Market: Strategic Insights

Smart Airport Market

• 
  CAGR (2023 - 2031)

  18.5%
• Market Size 2023
  US$ 30.01 Billion
• Market Size 2031
  US$ 116.80 Billion

Market Dynamics

GROWTH DRIVERS

• Growing investments from airport authorities for deployment of smart connected systems
• Increasing focus of vendors on customer-centric offerings

FUTURE TRENDS

• Emerging need for cost-effective airport systems

OPPORTUNITIES

• Airport Construction Initiatives Expected to Drive Future Demand

Key Players

• 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
• T-Systems International GmbH

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

Component [Hardware

• Security System
• Communication & Navigation System
• Endpoint Devices
• Data Storage and Software]

Application

• Terminal Side
• Airside
• Landside

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Smart Airport Market Drivers and Opportunities

Increasing Focus of Market Vendors on Customer-Centric Offerings

Companies in the smart airport industry are focusing on providing customer-centric solutions to boost the adoption of smart airport technologies. Passengers' demand for baggage tracking is on the rise worldwide, which is one of the main focus areas for airport authorities. According to the Civil Aviation Administration of China (CAAC), in 2021, ~75% of the air passengers in China wanted to know their baggage tracking details and collection time. As per the same research, ~86% of airlines in China focus on providing baggage tracking notifications, and 57% of the airlines also provide baggage collection information to their passengers across China. Thus, vendors in the smart airport market focus on providing Smart Airline Baggage Management Systems to airlines to automate their business operations and provide a better experience to passengers. Such systems are integrated with cloud-based airline applications and databases, cloud-based analytics, and a machine-to-machine (M2M) and IoT platform to connect, manage, and secure real-time data and events from smart luggage. Moreover, the deployment of baggage management systems in airports also helps to reduce the overall operational costs, along with boosting overall operational efficiencies.

New Airport Construction Projects

The rise in the number of airport construction projects across emerging countries such as China and India is likely to generate new opportunities for market vendors in the coming years. Several government plans related to the construction of new airports and expansion/upgrade of existing airports is another major factors likely to support the deployment of smart airport systems in the coming years. . For instance, the Indian government in 2022 has already announced its plans to build 220 airports by the end of 2025. Moreover, in 2018, the Civil Aviation Administration of China (CAAC) announced their plans to construct 216 new airports by the end of 2035 makes the total airport count to 450 airports by 2035 (234 airports currently in 2023). Such projects are likely to generate new opportunities for smart airport technology companies in the coming years.

Smart Airport Market Report Segmentation Analysis

Key segments that contributed to the derivation of the smart airport market analysis are component and application.

• Based on components, the smart airport market is bifurcated into hardware and software. The hardware segment is further segregated into security systems, communication & navigation systems, endpoint devices, and data storage systems. The hardware segment held a larger market share in 2023.
• Based on application, the smart airport market is segmented into terminal side, airside, and landside. The terminal side segment held a larger market share in 2023.

Smart Airport Market Share Analysis by Geography

The geographic scope of the smart airport market report is mainly divided into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America.

Asia Pacific has dominated the market in 2023 followed by Europe and North America. Further, Asia Pacific is likely to witness highest CAGR in the coming years. The main driver for the Asia Pacific smart airport market is the presence of large number of smart airport projects across the region. For instance, Some of the major smart airports located in the Asia Pacific region are Hong Kong International Airport, Shenzhen Airport, Beijing Daxing International Airport, Tokyo Haneda Airport, Centrair Nagoya International Airport, New Delhi International Airport, Hyderabad International Airport, Seoul Incheon Airport, Jeju Airport, Singapore Changi Airport, Kuala Lumpur International Airport, and Indonesia Airport. Moreover, the countries such as China and India are likely to construct more than 400 airports by the end of 2035 which is further likely to drive the market in the coming years.

Smart Airport Market Report Scope

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Smart Airport Market News and Recent Developments

The smart airport market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the smart airport market are listed below:

Thales has been awarded a contract by airport management group, SEA (Società per azioni Esercizi Aeroportuali) to deliver an innovative digital platform solution that will support the group in enhancing operational efficiency. (Source: Thales, Press Release, Mar 2022)

• During the first Airports Innovate Exhibition, which takes place from November 20 to 22 in Muscat, Oman, Huawei launched a series of brand-new smart airport solutions for international markets, including the Fully Connected Fiber Network Solution and Smart Airport Perimeter Security with Fiber Sensing Solution. (Source: Huawei, Press Release, Nov 2023)

Smart Airport Market Report Coverage and Deliverables

The “Smart Airport Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• Smart airport market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Smart airport market trends as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed porter’s five forces analysis
• Smart airport market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the smart airport market
• Detailed company profiles