The global smart airports market is estimated to be valued at nearly US$ 13 Bn in 2020 and is projected to register a CAGR of 9.1%. The first five-year cumulative revenue (2020–2024) is projected to be more than US$ 75 Bn, which is expected to increase rather significantly over the latter part of the five-year forecast period.
Global Smart Airports Market: Segmental Snapshot
The market report has been segmented on the basis of technology type, solution, solution application, and region. The technology type segments include security systems, communication systems, passenger, cargo & baggage handling control, air/ground traffic control, endpoint devices, and others. The solution segments include air side, terminal side, and land side. The solution application segments include aeronautical operations, and non-aeronautical operations. The regions covered in the analysis include North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
By Technology Type: The passenger, cargo baggage control segment is expected to account for highest revenue share contribution as compared to other segments, and is expected to register a CAGR of over 10.3% over the forecast period
By Solution: The terminal side segment is projected to account for highest revenue share as compared to that of other segments, and is projected to register a CAGR of over 8.6% over the forecast period
By Solution Application: The aeronautical application segment is projected to account for highest revenue share as compared to that of other segments, and is projected to register a CAGR of over 8.2% over the forecast period
By Region: The market in Europe is estimated to account for highest revenue share in the global smart airports market, and is projected to register a CAGR of over 9.3% over the forecast period
Global Smart Airports Market: Competitive Analysis
The research report on the global smart airports market include profiles of some major companies such as Honeywell International Inc., United Technologies Corporation (UTC), SITA, Siemens Aktiengesellschaft (Siemens Logistics GmbH), Amadeus IT Group SA, NEC Corporation, Damarel Systems International Ltd., International Business Machines Corporation, QinetiQ Group plc, and Cisco Systems, Inc.
Source: Smart Airports Market Infographics By Market Research
