The report "Smart Airports Market by Technology
(Communication, Security, Cargo & Baggage Handling, Traffic Control,
Endpoint Devices), Landside, Airside, Terminal Side, Application, Region -
Global Forecast to 2021", The smart airports market is projected to
grow from USD 11.31 Billion in 2016 to USD 14.87 Billion by 2021, at a CAGR of
5.64% during the forecast period. The base year considered for the study is
2015, and the forecast period is from 2016 to 2021.
Browse 118 market data tables and
67 figures spread through 199 pages and in-depth TOC on “Smart Airports Market
- Global Forecast to 2021”
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Factors such as
travelers’ growing needs for real-time information and airports moving towards
customer centric approach are expected to drive the growth of the smart
airports market.
The passenger, cargo &
baggage ground handling control segment accounted for the largest market share
in 2016
Based on technology, the
passenger, cargo & baggage ground handling control segment of the smart
airports market accounted for the largest market share in 2016. The increase in
the adoption of new systems such as automated collection of fees at the
self-bag drop, self-scanning, and direct transfer to the final destination is
driving this segment. Furthermore, increased concern for safety and improved
customer service are also the driving the passenger, cargo & baggage ground
handling control segment.
The non-aeronautical operations
segment of the smart airports market is expected to witness higher growth
during the forecast period
Based on application, the
non-aeronautical segment of the smart airport is anticipated to witness higher
growth during the forecast period. The constant drive to increase
non-aeronautical revenue opportunities has been a priority for airport business
models. Services such as food-and-beverages, advertising, retail outlet, smart
parking, personalized services, Wi-Fi, and lounge access are key resources for
generating overall airport profitability. This increasing demand for
non-aeronautical operations and revenues are expected to propel the growth of
non-aeronautical operations segment during the forecast period.
The smart
airports market in Asia-Pacific is projected to grow at the highest CAGR
during the forecast period
The smart airports market in
Asia-Pacific is anticipated to grow at the highest CAGR during the forecast
period. The rise in passenger movement has led the airports to upgrade services
and technologies such as security systems, communication systems, and baggage
& cargo handling systems, among others for secure and hassle free
operations. Moreover, airport authorities have approved the major development
of Greenfield airport which led to the increase in investments in countries
such as India and China.
Know more about the Global Market:
Key players in the smart
airports market include Honeywell Corporation Inc (U.S.), Rockwell Collins
(U.S.), SITA (Switzerland), Siemens AG (Germany), IBM Corporation (U.S.), and
Amadeus IT Group SA (Spain) among others.
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