The Smart Airport Global Market Report 2023 by The Business Research Company, provides smart airport market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032
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According to The Business Research Company’s Smart Airport Global Market Report 2023, the global smart airport market size will grow from $6.84 billion in 2022 to $7.6 billion in 2023 at a compound annual growth rate (CAGR) of 11.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the smart airport is expected to grow to $13.13 billion in 2027 at a CAGR of 14.6%.
Companies in the aviation industry across the world are focusing on green initiatives to protect the environment. Multiple airline companies are trying to become more sustainable. According to the International Council on Clean Transportation (ICCT), air travel produces about 3% of global carbon dioxide emissions, and it is one of the fastest-growing sources of greenhouse gases. In order to reduce emission of greenhouse gases, companies in the aviation market are focusing on taking green initiatives.
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The smart airport market is segmented:
1) By Services: Smart Transport & Parking Services, Smart Retail, Hospitality & Entertainment Services, Smart Workplace Services, Smart Airport Processes, Smart Business to Business Services
2) By Infrastructure: Endpoint Devices, Communication Systems, Passenger, Cargo and Baggage Ground Handling Control, Air/Ground Traffic Control, Security Systems, Other Infrastructures
3) By Location: Landside, Airside, Terminal Side
4) By Application: Core Applications, Business Applications
5) By End User: Implementation, Upgrades and Services
Technological advances such as the use of Internet of Things (IoT) in aircraft parts and manufacturing procedures a key trend in the smart airport market. Companies across the globe have started implementing cloud-based platforms to develop a new aircraft, engine, system, or component design. The cloud platform enables simplification in the design process by bringing the suppliers, systems integrators, software developers, and other stakeholders within the design and manufacturing ecosystem together over a virtual platform. For instance, in 2020, Vertical Aerospace, a UK-based aviation industry innovator, used Dassault Systèmes’ 3DExperience platform on the cloud to develop their third all-electric vertical takeoff and landing aircraft. Vertical Aerospace used the 3DExpereince platform to improve coordination between their design, engineering, testing, and manufacturing disciplines and provide access to all the engineering documentation they require in the cloud to enable effective work from home.
Top Major Players
Amadeus IT Group SA,
CISCO System Inc.,
Collins Aerospace,
Daifuku Co. Ltd.,
Ascent Technologies
The smart airport market report table of contents includes:
- Executive Summary
- Smart Airport Market Characteristics
- Smart Airport Market Trends And Strategies
- Smart Airport Market – Macro Economic Scenario
- Smart Airport Market Size And Growth
- Smart Airport Market Segmentation
- Smart Airport Market Regional And Country Analysis
…………..
- Key Mergers And Acquisitions In The Smart Airport Market
- Smart Airport Market Future Outlook and Potential Analysis
- Appendix
List Of Tables :
Table 1: Global Historic Market Growth, 2017-2022, $ Billion
Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
Table 3: Global Smart Airport Market, Segmentation By Services, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 4: Global Smart Airport Market, Segmentation By Infrastructure, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 5: Global Smart Airport Market, Segmentation By Location, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
……
Table 48: Amadeus IT Group SA Financial Performance
Table 49: CISCO System Inc., Financial Performance
Table 50: Collins Aerospace Financial Performance
Table 51: Daifuku Co. Ltd. Financial Performance
Table 52: Ascent Technologies Financial Performance
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