Smart Airport Global Market Sees Growth Rate Of 16% Through 2022

The global smart airport market size is expected to grow from $6.18 billion in 2021 to $6.90 billion in 2022 at a compound annual growth rate (CAGR) of 11.53%. The global smart airports market size is expected to grow to $12.32 billion in 2026 at a CAGR of 15.61%.

What is the Global Smart Airport Market?

The smart airport market consists of sales of smart airports products and related services by entities (organizations, sole traders, and partnerships) that develop smart airports. Smart airports utilize advanced technologies such as intelligent building management, cyber security, GPS and sensor, Internet of Things (IoT), blockchain and Artificial Intelligence (AI).

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What drives the Global Smart Airport Market?

Companies in the aviation industry across the world are focusing on green initiatives to protect 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. For example, in February 2020, Delta Air Lines committed $1 billion to become carbon neutral by 2030. In July 2020, JetBlue became the first and only US airline to voluntarily offset all the of the carbon dioxide emissions for all its domestic flights. Thus, rising green initiatives by the aviation industry are contributing to the growth of the smart airport market.

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Global Smart Airport Market Segments
The global smart airport market is segmented:
By Service: Smart Transport and Parking Services, Smart Retail, Hospitality and Entertainment Services, Smart Workplace Services, Smart Airport Processes, Smart Business to Business Services
By Infrastructure: Endpoint Devices, Communication Systems, Passenger, Cargo and Baggage Ground Handling Control, Air/Ground Traffic Control, Security Systems, Others
By Location: Landside, Airside, Terminal Side
By Application: Core Applications, Business Applications
By End-User: Implementation, Upgrades and Services
By Geography: The regions covered in the smart airport market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global smart airport market.

Smart Airport Global Market Report 2022 provides market size and growth forecasts for the global smart airport market, global smart airport market share, smart airport market segments and geographies, smart airport market competitive landscape including leading competitors’ revenues, profiles and market shares. The smart airport market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Smart Airport Industry Players include Amadeus IT Group SA, CISCO System Inc., Collins Aerospace, Daifuku Co. Ltd., Ascent Technologies, Honeywell International Inc., Huawei Technologies Co. Ltd., IBM Corporation, Indra Sistemas S.A., ITA, L3Harris Technologies Inc., Raytheon Company, RESA, Rockwell Collins Inc, Lufthansa Systems GmbH & Co. KG., Sabre Corporation, Siemens AG, SITA, Thales Group, T-Systems, Vision-Box, Wipro Limited, Zensors, Ascent Technology Inc., Adelte, Amadeus IT Group, Ansul, Cisco System, Deerns Airport System Consultants, FB Technology, Gentrack, and Huawei Investment & Holding Co. Ltd. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.