The global smart airport 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
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.
For More Information: www.grandviewresearch.com
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