Smart Airport Market - Trends Forecast Till 2028

Smart Airport Market, By System (Endpoint Devices, Communication & Network Systems, Software & Solutions, Data Storage), Airport Size (Large, Medium, Small), Application (Terminal Side, Landside, Airside), Type (Airport 2.0, Airport 3.0, Airport 4.0), Operation (Aeronautical, Non-Aeronautical), End Market (Implementation, Upgrades & Service), Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: August, 2020

Base Year Estimate: 2019

Report ID: D-AD-SAM-22

Format:  

Number of Pages: 310

Domain: Aerospace & Defense

Smart Airport Market – Trends Forecast Till 2028

The global smart airport market is anticipated to reach USD 1.8 billion by 2020 growing at a CAGR of 19.6% during the forecasting period, 2020-2028. Factors such as increased demand for real-time information and growing advancement in connectivity technologies are driving the market for smart airport

Smart Airport Market - Trends Forecast Till 2028

The global smart airport market is segmented into the system, airport size, application, type, operation, end-market and, geography.

System segment is segmented into Endpoint Devices, Communication & Network Systems, Software & Solutions and, Data Storage

Airport Size segment is segmented into Large, Medium, and Small

Application segment is segmented into Terminal Side, Landside, and Airside

The type segment is segmented into Airport 2.0, Airport 3.0, and Airport 4.0

Operation segment is segmented into Aeronautical and Non-Aeronautical

The end-Market segment is segmented Implementation, and Upgrades & Service

Geographically, the global smart airport market is sub-segmented into North America, Europe, Asia-Pacific, Middle East and Africa and South America and insights are provided for each region and major countries within the regions.

North America region has come up as the prominent region for the leading share in the overall global market during the forecast period 2020-2028. The presence of leading companies such as Collins Aerospace, IBM Corporation, and Cisco Systems, Inc. are fuelling the market for smart airports.

Key players in the global smart airport market are Collins Aerospace, IBM Corporation, Huawei Technologies Co., Ltd., Cisco Systems, Inc., Sabre Corp., Amadeus IT Group SA, SITA, Honeywell International Inc., Siemens AG, Thales Group, Indra Sistemas, S.A., Daifuku Co., Ltd., and among others

The companies have come up with various promotional activities in from of launch, investment, acquisition, and other, for instance:

  • In 2019, Collins Aerospace Systems recreated Brazil’s Salvador - Deputado Luís Eduardo Magalhães International Airport (SSA) by providing several industry-leading solutions for increasing efficiency and improving passenger processing times
  • In 2019, IBM Corporation and Arrow Electronics launched the Smart Airport Asset Management solution for improving the performance of escalators, baggage handling, portable water cabinets, moving walkways

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Research Methodology

Secondary Research

This research method involved the usage of extensive secondary sources (such as directories and databases)—Hoovers, Avention, annual reports, investor presentation, a conference like Jefferies conference)—to identify and collect information useful for this study of the smart airport market. The purpose of secondary research was to identify and collection of extensive, technical, market-oriented, and commercial studies of the global Smart airport market. Through secondary, the market is classified and segmented as per industry trend, development, regional market. Product and technology development.

Primary Research

The primary sources mainly included several industry experts from the core and related industries and suppliers, manufacturers, distributors, alliances, and organizations related to all segments of this industry’s supply chain. In-depth interviews were conducted with various primary respondents—including key industry participants, subject matter experts (SMEs), C-level executives of key market players, and industry consultants, among other experts—to obtain and verify critical qualitative and quantitative information as well as to assess future prospects. The following figure depicts the market research methodology used in drafting this report on the smart airport market

Primary Respondents Breakdown is given below:

Smart Airport Market - Trends Forecast Till 2028 

Market Sizing

Top-down and bottom approaches were used to derive the market estimate and validate the total revenue of the smart airport market. This approach has also been used to derive the market for segmentation and sub-segmentation.

Data Validation

Impact analysis has been conducted for deriving the market size. After collecting the in-depth quantitative and qualitative data we contact the primary respondents in order to gain a 98.8% confidence level on our data.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Reasons to Acquire

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  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature

Descriptions

Market Revenue In 2020

USD 1.8 billion

Growth Rate

CAGR of 19.6% during the forecasting period, 2020-2028

Historical Data

2017-2018

Forecast Years

2020-2028

Base Year

2019

Units Considered

Revenue in USD billion and CAGR from 2020 to 2028

Report Segmentation

System, Airport Size, Application, Type, Operation, End-Market, and Geography

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and the Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

Collins Aerospace, IBM Corporation, Huawei Technologies Co., Ltd., Cisco Systems, Inc., Sabre Corp., Amadeus IT Group SA, SITA, Honeywell International Inc., Siemens AG, Thales Group, Indra Sistemas, S.A., Daifuku Co., Ltd. among others

Available Customization

In addition to the market data for the smart airport market, Delvens offers client-centric reports and customized according to the company’s specific demand and requirement.

 

 

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