The Global Market for Smart Airports in Terms of Annual Spending is Projected to Exceed US$15 Billion by 2020

Expanding Air Traffic Volumes & Shift Towards Digital Technologies to Drive the Smart Airports Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Smart Airports market. The global market for Smart Airports in terms of annual spending is projected to exceed US$15 billion by 2020, driven by surging passenger traffic, rising need for improved efficiency and effectiveness of airport operations, and growing investments in airport modernization.

Smart airports is emerging as the next big thing in the aviation industry primarily to assist end-to-end information exchange and communication, and collaborative decision making between all stakeholders, namely airport authorities, passengers, airports, and aviation operators. Superior functionalities of smart airports over traditional airports that are driving steady market adoption include improved revenue generation through mobile-device based targeted advertising and selling strategies; better operational efficiency through on-demand resource deployment, capacity planning and utilization, shared services, service delivery automation, real-time operational planning and disruption management; enhanced passenger’s travel experience through self-service facilities, reduced queue lengths, service innovations, congestion management, event notifications, and digital navigation; smarter and more efficient security; and effective waste, water, energy, and emissions management.

Future growth in the market will be driven by continuous growth in air traffic volumes and escalating demand for automation systems and solutions to ease the burden on airport infrastructure and workforce; surging IT investments on airport infrastructure; and rising demand for smart airport technologies that enable real-time information sharing and collaboration. The pervasive use of smart devices such as tablets, smartphones and wearable technology for communication and interaction throughout airport operations offers a strong business case for flexible and collaborative airport functioning. Smart airport technologies such as beacons, biometrics, wearables, and Near Field Communications (NFC) are set to transform passenger experience at airports by reducing stress associated with air travel. Few of the innumerable technology innovations, advancements, and implementations that are expected to benefit market prospects in the near term include mobile-based passenger services; IoT-enabled beacons; robots for passenger and baggage movement; common-use self-service (CUSS) kiosks; smart systems and scalable air traffic management (ATM) solutions; advanced passport and authentication technologies; automated border controls and e-gates, and smart airport capacity planning solutions.

As stated by the new market research report on Smart Airports, Europe represents the largest market worldwide, supported by widespread airport automation initiatives. Asia-Pacific ranks as the fastest growing market with a CAGR of 7.1% over the analysis period. Continuous rise in the number of operational airports, growing adoption of advanced airport technologies, and rising demand for airport information systems and improved baggage handling systems represent key growth drivers in the region. The Middle East is another promising regional market for smart airports, where a number of airports are pursuing projects that target provision of seamless operations to passengers whereby smart technology adoption at airports continue to gain prominence.

Key players covered in the report include Amadeus IT Group SA, Ascent Technology, Inc., Cisco Systems, Inc., Gentrack, Honeywell Building Solutions, International Business Machines (IBM) Corporation, Indra Sistemas, S.A, NEC Corporation of America, NICE Systems Ltd., QinetiQ Group PLC, Raytheon Company, Sabre, Inc., Scarabee, Selex Es S.P.A, Siemens AG, SITA, Thales Group, and Wipro Ltd., among others.

The research report titled “Smart Airports: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections for major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (Australia, China, India, and Rest of Asia-Pacific), Middle East, and Latin America (Brazil, and Rest of Latin America). Key applications analyzed in the report include Terminal-Side and Others. Technology segments analyzed for the global market include Air Traffic Management (ATM), Baggage, Building Operations, Check-In, Security, and Others.

Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.

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