San Francisco, 29
October 2018: The global smartairport market is
expected to reach USD 25.09 billion by 2025,growing at a CAGR of 10.7%.
according to a new report by Grand View Research, Inc. The growth can be
accredited to increased penetration of automated and connected airport
processes, such as self-service check-ins, smart baggage drop, and smart
luggage tracking.
Moreover, the rising demand for various
technologically-advanced non-aeronautical systems, communication systems, and
security systems such as electronic bag tags is expected to boost the growth
over the forecast period.
Emerging technologies and devices, such as
smart access control systems, fingerprint readers, and smart card technology
are being increasingly implemented by airports for enhancing the overall
passenger experience. Additionally, with the introduction of smartphone-based
airport applications, passengers are now able to utilize real-time information,
such as gate number, arrival time, direction to airport, check-in line, and
flight booking.
Companies across the globe are investing
heavily on IT and digital technology to effectively streamline their business
processes and provide value-added services to customers. A majority of airports
are now focusing on passenger self-service solutions and are planning to
implement new technologies, such as the adoption of Bluetooth-enabled beacons
to provide connected airport solutions.
Contemporary airport operation and business
models have led to an explosive growth of the airline industry. Rising concerns
of industry participants pertaining to increased competitiveness have led to a
shift in focus towards a customer-centric and data-driven approach to enhance
operational efficiency. Moreover, with the emergence of Airport 3.0, airports
worldwide are seeking to leverage the benefits of emerging technologies with
advanced capabilities.
Access Research Report of Smart Airport Market@ www.grandviewresearch.com/industry-analysis/smart-airports-market
Further key findings from the report suggest:
· Airports across emerging economies are
increasingly adopting a smart airport approach by implementing innovative
technologies, such as smart robots, self-check-in kiosks, beacon services,
predictive analysis, and border control automation solutions
· Airports are increasingly expanding their
airside operations by providing various services, such as in-wallet scanning,
and geolocation and coordination of aircraft with real-time information on
landing
· Airports across developed regions, such as
the U.S., have now started providing automated parking facilities, in order to
capture a higher revenue share of the non-aeronautical operations segment
· Asia-Pacific is estimated to emerge as the
fastest-growing region over the forecast period, owing to a steep increase in
passenger traffic coupled with upgrading and implementation of new technologies
in airport communication and security systems
· Major countries across Europe are adopting
Bluetooth-based beacon technology to provide a personalized experience to
passengers, such as indoor wayfinding and nearby promotional offers, based on
data collected regarding the passengers’ spending and usage habits
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
Grand View Research has segmented the
global smart airport market on the basis of technology, application, location,
and region:
Smart Airport Technology Outlook (Revenue,
USD Million; 2014 - 2025)
·
Security Systems
·
Communication Systems
·
Passenger, Cargo, & Baggage Ground
Handling Control
·
Air/Ground Traffic Control
·
Others
Smart Airport Application Outlook (Revenue,
USD Million; 2014 - 2025)
·
Aeronautical Operations
·
Non-Aeronautical Operations
Smart Airport Location Outlook (Revenue,
USD Million; 2014 - 2025)
·
Landside
·
Airside
·
Terminal Side
Smart Airport Regional Outlook (Revenue, USD Million;
2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
Middle East & Africa
Access Press Release of
Smart Airport Market@ www.grandviewresearch.com/press-release/global-smart-airports-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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