MARKET OVERVIEW
Smart airport is a concept to bring advance solutions with a purpose to enhance the capacity and systems such as communication, security, baggage control, checking and other functions with minimal timeframe. Smart airports rely on the application of connected technologies such as IoT devices, GPS and sensors to perform planning and operations tasks digitally and support the flow of activities across the airport.
MARKET SCOPE
The "Global Smart Airport Market Analysis to 2028" is a specialized and in-depth study of the smart airport market with a special focus on the global market trend analysis. The report aims to provide an overview of smart airport market with detailed market segmentation by type, helicopter type, application, and geography. The global smart airport market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading smart airport market players and offers key trends and opportunities in the smart airport market.
MARKET SEGMENTATION
- On the basis of system, the market is segmented as security system, communication and network systems, endpoint devices and data storage software
- on the basis of application, the market is segmented as terminal side, airside, landside.
- on basis of airport class, the market is segmented as class I, class II, class III and class IV.
MARKET DYNAMICS
Drivers:
- increase in the conceptualization of smart cities, smart parking, and smart agriculture
- increase in number of smartphone consumers and self-service technologies
- requirement for better real-time incident applications driven by advance IoT solutions.
Restraints
- growing concern of users and public towards data security
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global smart airport market based on various segments. It also provides market size and forecast estimates from year 2018 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The smart airport market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting smart airport market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porter’s five forces analysis highlighting factors affecting the smart airport market in these regions.
IMPACT OF COVID-19 ON SMART AIRPORT MARKET
The COVID-19 pandemic has led to one of the biggest challenges to the sustainability of the aviation industry at the global level. There is a tremendous shift in the airport operations and several other passenger processing changes due to the fast-spreading nature of this disease. The aviation industry, particularly the airport sector, is focusing on providing the passenger a different quality level of service in comparison to the previous norms. There is a steep fall in demand for air transport as a result of the cross-border travel restrictions imposed by governments to restrict the virus’s transmission. Many steps have been taken by air companies and the International Air Transport Association (IATA) to prevent the spread of COVID-19. According to IATA, flights are categorized into three levels: (1) high-risk flights, (2) medium-risk flights, and (3) low-risk flights, and differentiated prevention and control measures are applied after a comprehensive evaluation of the outbreak at the place of origin of the flights. Thus, the airport management is bound to be more proactive and capable of implementing digital transformation to ensure the passengers safe and healthy air travel. Therefore, though there has been a slowdown in the growth of smart airport market due to the impact of COVID-19, the changes and shifts in airport management due to the "new normal" will bolster the growth of smart airport market.
MARKET PLAYERS
The reports cover key developments in the smart airport market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from smart airport market are anticipated to lucrative growth opportunities in the future with the rising demand for smart airport market. Below mentioned is the list of few companies engaged in the smart airport market.
The report also includes the profiles of key smart airport market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Amadeus IT Group SA
- Cisco System, Inc
- Huawei Technologies Co., Ltd
- Honeywell International Inc.
- Indra Sistemas S.A.
- SABRE GLBL Inc.
- SITA
- Thales Group
- T-Systems International GmBH
- Collins Aerospace (A Raytheon Technologies Company)
The Insight Partner’s dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
