Airport Technologies Global Market Report 2023 – By Type ( Airport Digital Signage Systems, Car Parking Systems, Airport Communications, Landing Aids, Guidance and Lighting, Passenger, Baggage and Cargo Handling Control Systems, Airport Management Software), By Application (Domestic Airport, International Airport), By Airport Size (Small, Medium, Large) – Market Size, Trends, And Global Forecast 2023-2032

Airport and marine port security refers to an ecosystem which provides safety to air cargos and protection of vessels, both internally and externally. It also refers to the measures taken to ensure that treaties signed with other countries are properly enforced. It used to protect a shipping port and airport facility from terrorism, other illegal activities, and activists. The main types of systems in airport and marine port security include surveillance systems, physical access control systems, screening and scanning systems, perimeter intrusion detection systems, network access control and security, and real-time location systems. Surveillance systems refer to any electronic surveillance device, hardware, or software capable of collecting, capturing, recording audio, visual, digital, location, thermal, biometric, or similar information. This technology will also allow ports to not only react faster to events but also for managing day-to-day operation costs of security guards, security vehicles, training, fuel, and others. They are used in different infrastructures including airports and marine ports. These services offered in airport and marine port security include facility and asset management, system integration, training & consulting. The global airport and marine port security market is segmented - 1) By Technology: Surveillance Systems, Physical Access Control Systems, Screening and Scanning Systems, Perimeter Intrusion Detection System, Network Access Control and Security, Real-Time Location Systems 2) By Services: Facility and Asset Management, System Integration, Training and Consulting 3) By Infrastructure: Airport, Marine port The global airport and marine port security market size will grow from $78.18 billion in 2022 to $85.05 billion in 2023 at a compound annual growth rate (CAGR) of 8.8%. 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 airport and marine port security is expected to grow to $117.65 billion in 2027 at a CAGR of 8.5% The increasing internal and external threats are driving the growth of the airport and marine port security market going forward. Internal and external threats refer to the attacks from inside and outside of an organization. Airport and marine port security provide security from attacking with internal and external threats and provide safety to the airports and marine ports. For instance, according to the Transported Asset Protection Association (TAPA) report 2021, a US-based non-profit organization, TAPA has documented nearly 6,463 new cargo threats or attacks across 56 countries in Europe, and the Middle East region for the year 2020. Therefore, the increase in internal and external threats is expected to boost demand for airport and marine port security systems during the forecast period. Major players in the airport and marine port security market are Tyco International Ltd., L-3 Communications Holdings Inc., Honeywell International Inc., HCL Infosystems Limited, Bosch Security Systems, Unisys Corporation, Flir Systems, Inc., Raytheon, Siemens AG, SAAB AB, Motorola, James Fisher and Sons, Rapiscan, Nokia, and Safran. Technological advancement is a key trend gaining popularity in the airport and marine port security market. Major companies operating in the airport and marine port security market are focused on developing new technological solutions to strengthen their position. For instance, in March 2022, the Transportation Security Administration (TSA), a US transportation security agency launched new facial recognition technology at Los Angeles International Airport (LAX) to check and verify the identity of visitors at some of the airport’s security checkpoints. The airport is equipped with a next generation Credential Authentication Technology (CAT) unit that captures a photo of the visitor using camera and compares with the photo ID on facial features and confirms the same. The new technology enables safety and streamlines the visitor experience. In February 2021, DG Risk Group, an England-based risk and security management company acquired Protection Vessels International (PVI) for an undisclosed amount. This acquisition will significantly benefit the company's expansion in maritime security service offerings across West Africa and around the world, providing unrivaled security in piracy hotspots that require it the most. Protection Vessels International (PVI) is a UK-based company that specializes in armed maritime security solutions for commercial and government agencies. North America was the largest region in the airport and marine port security market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the airport and marine port security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the airport and marine port security market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The airport and marine port security market includes revenues earned by entities by providing security systems and solutions for protecting the airports against hazardous items and inspecting the cargo moving through the ports. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The airport and marine port security market research report is one of a series of new reports from The Business Research Company that provides airport and marine port security market statistics, including airport and marine port security industry global market size, regional shares, competitors with an airport and marine port security market share, detailed automotive seat market segments, market trends and opportunities, and any further data you may need to thrive in the automotive seat industry. These airport and marine port security market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The airport security refers to the procedures and methods used to protect passengers, personnel, aircraft, and airport property from harm caused by accident or malice, crime, and other dangers. Airport security is a set of measures and people and material resources aimed at protecting civil aviation from acts of unlawful interference such as terrorism, sabotage, threats to life and property, false threat communication, bombing, and so on. It tries to keep these risks at bay by using various methods of scanning. The main types of technologies in the airport security market are access control, cybersecurity, perimeter security, screening and scanning, surveillance, real-time locating systems (RTLS), and others. Access control refers to a data security process that enables organizations to manage authorized people to access corporate data and resources. Secure access control uses policies that verify users and ensure control access levels that are granted to users. Also, helps in easy access to data. It is further divided by system into metal detectors, fiber optic perimeter intrusion, backscatter x-ray systems, cabin baggage screening systems, and others. The various application includes a civilian and commercial airport and military airport. These are used to protect civil aviation from acts of unlawful interference such as terrorism, and sabotage. The global airport security market is segmented - 1) By Technology: Access Control, Cybersecurity, Perimeter Security, Screening and Scanning, Surveillance, Real-Time Locating System (RTLS), Other Technologies 2) By System: Metal Detectors, Fiber Optic Perimeter Intrusion, Backscatter X-Ray Systems, Cabin Baggage Screening Systems, Other Systems 3) By Application: Civilian and Commercial Airport, Military Airport The global airport security market size grew from $13.64 billion in 2022 to $15.61 billion in 2023 at a compound annual growth rate (CAGR) of 14.4%. 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 airport security market size is expected to grow to $23.86 billion in 2027 at a CAGR of 11.2%. The increase in new airport building operations and facilities improvements is contributing to the growth of the airport security market. Airport building operations and facilities improvements refer to the improvements in the infrastructure of the airport as well as the facilities such as arrival, departure, check-in, airport staff, and so on. With the growth in population, air traffic, and increasing demand for the modernization of the infrastructure there has been an increase in new airport building operations and facilities improvements. For instance, in May 2021, Raytheon Technologies was awarded a USD 318 million contract by the U.S. Transportation Security Administration (TSA) to deploy checked baggage screening machines at all federally managed airports. This five-year contract covers the expansion of equipment at about 430 federal airports across the country. It will also strengthen the terminals' security and reduce any potential hazard to the numerous stakeholders on-site. Therefore, the increase in new airport building operations and facilities improvements will drive the growth of the airport security market. Major players in the airport security market are American Science and Engineering, Bosch, C.E.I.A SpA, Hitachi, L-3 Communications, Lockheed Martin, OSI Systems, Safran Morpho, Siemens AG, Smiths Detection, Auto Clear LLC, Analogic Corp, Bruker Corp, Nuctech Company Ltd., MilliVision Technologies, Nuctech Company Ltd. Technological advancements including RFID baggage reconciliation systems, remote check-ins, e-gates, and sensor equipment advancement is a key trend gaining popularity in the airport security market. According to a report by PR Newswire, 2020 OSI Systems, Inc., a US-based developer of security and inspection systems, announced that its security division was awarded multiple contracts for approximately $93 million from an international government customer to provide various Rapiscan X-ray cargo and vehicle inspection systems, luggage and parcel inspection systems, trace detection systems, and maintenance and support services. Their Itemiser 5X has met the requirements to be listed on the TSA's Air Cargo Screening Technology List as Approved technology (ACSTL). The Detector's cargo capabilities can be used for cargo screening operations outside of the United States. This launch represents another step forward in OSI's portfolio. In April 2021, Allied Universal, a US-based security and facility services company acquired G4S plc for $4 billion (£3.8 billion). With this acquisition, Allied Universal aims to deliver the highest value proposition to customers in the security industry. G4S is a UK-based security company, specializing in the provision of security services and solutions to customers. North America was the largest region in the airport security market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the airport security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the airport security market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The airport security market consists of sales of airport security baggage screening including x-ray systems, computed tomography systems, explosive detection systems, metal detectors and physical search. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The airport security market research report is one of a series of new reports from The Business Research Company that provides airport security market statistics, including airport security industry global market size, regional shares, competitors with an airport security market share, detailed airport security market segments, market trends and opportunities, and any further data you may need to thrive in the airport security industry. This airport security market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The airport construction is a methodical process used to create standards for an airport's efficient development that is in line with municipal, state, and federal objectives. Assuring the efficient use of airport resources to meet aviation demand in a financially viable manner is a primary goal of airport planning. The main types of technologies in airport construction are security systems, communication systems, passenger, cargo, and baggage ground handling control, and air or ground traffic control. Security systems refer to a collection of policies, procedures, tools, and resources designed to protect airport infrastructure, staff, and passengers against unauthorized conduct. The various locations involved are landside, airside, and terminal side that are used in defense and military, commercial and civil applications. The global airport construction market is segmented - 1) By Technology: Security Systems, Communication Systems, Passenger, Cargo and Baggage Griund Handling Control, Air or Ground Traffic Control 2) By Location: Landside, Airside, Terminal Side 3) By Applications: Defense and Military, Commercial And Civil The global airport construction market size grew from $1,149.19 billion in 2022 to $1,148.96 billion in 2023 at a compound annual growth rate (CAGR) of 0.0%. 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 airport construction market is expected to decline to $1,092.47 billion in 2027 at a CAGR of -1.3%. The growing air traffic is expected to drive the growth of the airport construction market going forward. Air traffic refers to the procedure or technique by which ground personnel coordinates radio communications with pilots to monitor and control aircraft movements. With airport operators and airlines expanding capacity, the airport construction market is undergoing significant expansion. For instance, according to the report by International Civil Aviation Organization, a US-based agency that coordinates international air navigation, in May 2022, shows that when compared to the same period in 2021, the global number of passengers carried by air climbed by 65% from January to April 2022, while the number of aircraft departures increases by 30%. Airline seat capacity increased by 32% over the same period. Therefore, the surge in air traffic will benefit the airport construction market in the forecasting period. Major players in the airport construction market are Austin Industries Inc., Bechtel Corporation, Fluor Corporation, Hensel Phelps Construction Company, Hill International Inc., GMR Group, Jacobs Engineering Group, L&T Construction, McCarthy Holdings Inc., PCL Constructors Inc., Skanska USA Inc., Amadeus It Group, Balfour Beatty, Gilbane Building Company, Crossland Construction, and GVK Industries Limited. Technology advancements in new airport terminal projects are a key trend gaining popularity in the airport construction market. Major companies in the airport construction market are advancing in their new technologies and development, to gain market share. For instance, in June 2022, ADB Safegate, a US-based provider in airfield, gate, airport systems, and tower solutions provider introduced a unique Safedock X Advanced Visual Docking Guidance System (A-VDGS), bringing completely automated airport apron management one step closer to reality by combining innovative surveillance technologies, contemporary display capabilities, and superior integration to assure safe docking in all-weather situations. The new display is a critical component in supporting airport collaborative decision making (A-CDM), assisting in reducing delays and shortening gate rotations because it can provide more information to meet any apron management task. A transportable operator panel gives ground employees more situational awareness and flexibility, while Safedock X can accommodate independent displays for aircrew and ground crew. In January 2022, Graham construction, a US-based provider of construction services acquired Aecom for an undisclosed amount. This acquisition would assist Graham construction increase the company's service portfolio and provide stronger access to eastern North American markets. It would help the company execute a plan to concentrate all their resources on the professional services business, which has a better profit margin and lower risk. Aecom is a US-based infrastructure consulting firm operating on airport construction projects. Asia-Pacific was the largest region in the airport construction market in 2022. North America is expected to be the fastest growing region in the forecast period. The regions covered in the airport construction market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the airport construction market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The airport construction market includes revenues earned by entities through initiatives for the different structures, infrastructure, and facilities at the airport to be built, rebuilt, expanded, relocated, maintained, and repaired. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The airport construction market research report is one of a series of new reports from The Business Research Company that provides airport construction market statistics, including airport construction industry global market size, regional shares, competitors with market share, detailed airport construction market segments, market trends, and opportunities, and any further data you may need to thrive in the airport construction industry. This airport construction market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The airport moving walkway is a slow-moving conveyor system that transports people over horizontal or inclined planes over a shorter distance and assist people in reaching the desired location at airports. They are installed in pairs with opposite directions of roll, with safety handrails alongside. They are also known as flat escalators or travelator machines. The main types of airports moving walkways are belt type and pallet type. The belt-type moving walkways are built with mesh metal belts or rubber walking surfaces over metal rollers. These can either be inclined or flat and are generally used in airports, metro terminals, or shopping malls. The various inclination angles of airport moving walkways are horizontal and inclined, which are divided by various business types into new installation, modernization, and maintenance. The types of speed for airport moving walkways are constant moving walkways (CMW) and accelerating moving walkways. The global airport moving walkways market is segmented - 1) By Type: Belt Type, Pallet Type 2) By Inclination Angle: Horizontal, Inclined 3) By Business Type: New Installation, Modernization, Maintenance 4) By Speed: Constant Moving Walkways (CMW), Accelerating Moving Walkways The global airport moving walkways market size grew from $2.22 billion in 2022 to $2.31 billion in 2023 at a compound annual growth rate (CAGR) of 4.2%. 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, causing inflation across goods and services and affecting many markets across the globe. The airport moving walkways market size is expected to grow to $2.76 billion in 2027 at a CAGR of 4.5%. The growing number of air passengers is expected to propel the growth of the airport moving walkways market. In most cases, passengers at the airport carry heavy luggage with them, and they are required to move a distance. In such cases, moving walkways act as passageways between the terminals, within particularly long concourses, or as access to a parking facility. For instance, according to the International Civil Aviation Organization (ICAO), a specialised agency of the United Nations, the global number of airline passengers is expected to reach 10.5 billion by the year 2040. Therefore, the growth in the number of airline passengers is driving the growth of the airport moving walkways market. Major players in the airport moving walkways market are Fujitec Co., Ltd., Hitachi, Ltd., Hyundai Elevator Co., Ltd., Kone Corporation, Mitsubishi Electric Corporation, Otis Elevator Company, Schindler, Stannah, Thyssenkrupp AG, Toshiba Elevator and Building Systems Corporation, United Technologies, Kleemann, Orona Group, VGSI ELEVATOR LLC, and Teknic Elevators PPG Pvt. Ltd. Partnership and collaboration are key trends gaining popularity in the airport-moving walkway market. The companies operating in the airport moving walkways market are partnering with research companies to improve the operational capabilities and performance of their existing products. For instance, in December 2021, Accessibility Standards Canada (ASC), a federal research organization, collaborated with the Canadian Standards Association (CSA) Group for the purpose of adding CSA B651, a new edition of a national accessibility standard for the built environment. The new edition will include updates on the exterior environment, circulation (including elevators, escalators, and moving walkways), tactile walking surface indicators, interior rooms (including washrooms and kitchens), and emergency egress. In June 2020, international private equity firms Advent International and Cinven acquired the elevator technology business from ThyssenKrupp AG, a Germany-based multinational conglomerate, for an undisclosed amount. The acquisition by international equity partners is focused on diversifying their current portfolio and expanding the business operations of ThyssenKrupp's elevator technology business across the globe. Thyssenkrupp's elevator product portfolio includes passenger and freight escalators, moving walkways, passenger boarding bridges, and others. Asia-Pacific was the largest region in the airport moving walkways market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the airport moving walkways market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the airport moving walkways market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The airport moving walkways market consists of sales of walkway system, motors, controls, and lighting, truss, tracks. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The airport moving walkways market research report is one of a series of new reports from The Business Research Company that provides airport moving walkways market statistics, including airport moving walkways industry global market size, regional shares, competitors with an airport moving walkways market share, detailed airport moving walkways market segments, market trends and opportunities, and any further data you may need to thrive in the airport moving walkways industry. This airport moving walkways market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Smart airports are airports that rely on the use of connected technologies such as intelligent building management, cyber security, GPS and sensor, Internet of Things (IoT), blockchain, and Artificial Intelligence (AI) to enable operational employees in performing planning and operational chores digitally while also optimizing passenger flows and staff activities around the airport. The main types of smart airport services include smart transport and parking services, smart retail, hospitality and entertainment services, smart workplace services, smart airport processes, smart business to business services. By infrastructure, types of smart airport products include endpoint devices, communication systems, passenger, cargo, and baggage ground handling control, air/ground traffic control, security systems, and others. Smart airport products and services are used in landside, airside, and terminal side locations. They are mainly used in core applications and business applications. Major end-users of smart airport are the implementation and upgrades and services industries. The global 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 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. 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 of the carbon dioxide emissions for all its domestic flights. Thus, rising green initiatives by the aviation industry are contributing to the smart airport market growth. Major players in the smart airport market are 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. 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. In December 2021, ADB SAFEGATE acquired DBT Transportation Services LLC. DBT Transportation Services is specialized in weather systems, sensor technologies, and services primarily for the aviation industry. ADB SAFEGATE is engaged in delivering airport performance, offering unmatched capabilities in airport ground movement and visual guidance. North America was the largest region in the smart airport market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the smart airport market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the smart airport market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The smart airport market includes revenues earned by entities by providing products and related services that automate the processes for operational efficiency, ground services, digitalization of infrastructure, digitalization of commercial & passenger flow, enhancing security & surveillance, and handling services to solve and cover control and management needs in airports. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The smart airport market research report is one of a series of new reports from The Business Research Company that provides smart airport market statistics, including smart airport industry global market size, regional shares, competitors with a smart airport market share, detailed smart airport market segments, market trends and opportunities, and any further data you may need to thrive in the smart airport industry. This smart airport market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The aircraft actuators are used to adjust flight control surfaces such as elevators, rudders, ailerons, flaps, slats, and spoilers. Aircraft actuators are mechanical devices that can transfer and divert motion energy from one form to another. In the aviation sector, actuation systems are used in a variety of ways. It is responsible for everything from cargo bay doors and landing gear to engine components and flight control surfaces. The main types of aircraft actuators are hydraulic, pneumatic, electric, electromechanical, and electrohydraulic. A hydraulic actuator is a cylinder or a fluid motor that uses hydraulic power to perform mechanical tasks. The mechanical motion of the hydraulic actuator produces a linear, rotational, or oscillatory motion as an output. The different types of motions include linear and rotary, which have various platforms, including fixed-wing and rotary-wing. These are used by several end-users, including commercial aircraft, military aircraft, and others. The global aircraft actuators market is segmented - 1) By Actuators Type: Hydraulic, Pneumatic, Electric, Electromechanical, Electrohydrostatic 2) By Motion: Linear, Rotary 3) By Platform: Fixed Wing, Rotary Wing 4) By End User: Commercial Aircraft, Military Aircraft, Other End Users The global aircraft actuators market size grew from $15.12 billion in 2022 to $16.74 billion in 2023 at a compound annual growth rate (CAGR) of 10.7%. 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 aircraft actuators market size is expected to grow to $22.66 billion in 2027 at a CAGR of 7.9%. The increase in passenger traffic across the world is expected to drive the growth of the aircraft actuators market going forward. Aircraft actuators are used to perform numerous functions, such as adjusting flight control surfaces such as the elevator, rudder, and ailerons, among others. Due to continued economic growth and rising consumer spending, people from developing countries are increasing air passenger traffic, which is driving the growth of aircraft actuators. For instance, according to the International Air Transport Association (IATA), total global passenger traffic in March 2022 increased by 76.0% compared to March 2021. Also, in China, domestic air traffic increased by 11.7% in March 2022. Therefore, the increasing passenger traffic across the world is driving the growth of the aircraft actuator market. Major players in the aircraft actuators market are Honeywell International Inc., Eaton, Moog Inc., Parker Hannifin Corp., Safran, Meggit PLC, Woodward Inc., Sitec Aerospace GmbH, Progressive Automation Inc., Tamagawa Seiki Co., Ltd., Aero Space Controls Corporation, Beaver Aerospace & Defense Inc., Rockwell Collins, and Curtiss-Wright. Technological advancements have emerged as the key trend gaining popularity in the aircraft actuator market. Major companies operating in the aircraft actuators market are focused on developing technologically advanced products to strengthen their market position. For instance, in June 2021, Curtiss-Wright Corporation, a US-based aviation company, delivered the primary flight control actuators and control electronics to Eviation Aircraft for the all-electric Alice aircraft. The new Curtiss-Wright high-power density electromechanical actuators (EMA) provide Eviation with a modular, distributed solution that enables a flexible control architecture. Curtiss-Wright’s electromechanical actuation (EMA) technology helps speed the development of all-electric regional commuter aircraft and reduces the risk. For a wide range of aviation applications, including flight controls, landing gear, and utility actuation, EMA technology offers significant advantages over traditional hydraulic techniques, such as enhanced dependability, improved energy economy, and decreased weight. In August 2021, Volz Servos GmbH & Co. KG, a Germany-based developer and manufacturer of electro-mechanical actuators, acquired AEE GmbH for an undisclosed amount. With the acquisition, Volz and AEE are expected to significantly contribute to many other current and upcoming aviation markets in addition to the rapidly expanding eVTOL aircraft industry. In order to meet the demand for certifiable electromechanical actuators from the UAV (unmanned aerial vehicle) and UAM (urban air mobility) markets, Volz added AEE to its portfolio. AEE GmbH is a Germany-based specialist avionics company. North America was the largest region in the aircraft actuators market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the aircraft actuators market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the aircraft actuators market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The aircraft actuators market consists of sales of aircraft actuators with function such as retracting and extending landing gear, adjusting flight control surfaces and positioning engine inlet guide vanes and thrust reversers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The aircraft actuators market research report is one of a series of new reports from The Business Research Company that provides aircraft actuators market statistics, including aircraft actuators industry global market size, regional shares, competitors with an aircraft actuators market share, detailed aircraft actuators market segments, aircraft actuators market trends and opportunities, and any further data you may need to thrive in the aircraft actuators industry. This aircraft actuators market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Smart transportation refers to the combined use of management techniques and current technology in the transportation industry. These are technological solutions, which employ a variety of technologies, ranging from basic management systems such as car navigation, traffic signal control systems, container management systems, automatic number plate recognition, speed cameras, and monitoring applications, to more sophisticated applications that include real-time data and input from a range of external sources. The main products of smart transportation include advanced traveler information systems, advanced transportation management systems, advanced transportation pricing systems, advanced public transportation systems, and cooperative vehicle systems. Advanced traveler information systems (refer to intelligent transportation systems that make use of a cutting-edge computer, communication, and information technologies to give users of a system crucial information about traffic laws, route and location guidance, hazardous situations and safety advisories, and warning messages. They are widely used in various modes of transportation, which include roadways, railways, airways, and maritime. The applications of smart transportation include traffic management, road safety and security, parking management, public transport, automotive telematics, and freight management. The global smart transportation market is segmented – 1) By Product Type: Advanced Traveler Information Systems (ATIC), Advanced Transportation Management Systems (ATMS), Advanced Transportation Pricing Systems (ATPS), Advanced Public Transportation Systems (APTS), Cooperative Vehicle Systems 2) By Transportation Mode: Roadways, Railways, Airways, Maritime 3) By Application: Traffic Management, Road Safety and Security, Parking Management, Public Transport, Automotive Telematics, Freight The global smart transportation market size will grow from $123.15 billion in 2022 to $143.54 billion in 2023 at a compound annual growth rate (CAGR) of 16.6%. 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 size of smart transportation market is expected to grow to $261.1 billion in 2027 at a CAGR of 16.1%. Increasing government initiatives and regulations are driving the smart transportation market. The governments across emerging and developing economies are focusing on investing in innovative transportation technologies to reduce the congestion on roadways, maintain safe transportation practices and reduce road accidents. Currently, the Indian government is building around 599 highway projects with a total outlay budget of INR 1,000 billion ($14.67 billion), out of which INR 480 billion ($ 7.03 billion) will be spent on the development of smart cities across the new highways. Therefore, increasing government initiatives and regulations is expected to boost demand for smart transportation solutions during the forecast period. Major players in the smart transportation market are Cisco Systems Inc., Toshiba Corporation, Siemens Corporation, SAP SE, Thales Group, Kapsch Traffic Com, Cubic Corporation, Accenture, Alstom SA., Indra Sistemas S.A, TomTom International B.V, Huawei Technologies Co., Ltd., Iteris, Inc., Schneider Electric, and Q-Free ASA. Internet of Things (IoT) is a key trend gaining popularity in the smart transportation market. IoT sensors and devices collect information, such as trip time or weather conditions and connect with other devices and systems in intelligent transportation systems. The data can also be used to assist drivers. Environmental sensors and computerized weather systems can alert a vehicle when they are going to reach a stretch of road with icy patches. When cars are equipped with sensors that can transmit information about road conditions to a centralized traffic system, traffic administrators can utilize this data to make adjustments, change traffic signals, and better guide traffic to minimize accidents. In November 20202, China's first smart transportation IoT platform was recently launched at the World Transport Conference. The platform employs a wide range of IoT hardware facilities, such as smart cones, accident car boxes, law enforcement integrated fast road sealers, and others, and smart transportation IoT software platforms, to assist road traffic practitioners (traffic cops, road maintenance workers, and road builders) in working more safely and efficiently. In May 2021, Siemens Mobility, a Germany-based provider of sustainable and efficient transport solutions, acquired Padam Mobility for an undisclosed amount. This acquisition expands Siemens Mobility's multimodal transportation-focused portfolio of intelligent infrastructure. It aids transportation professionals in coordinating and integrating various types of transportation to ensure smooth travel from the first mile to the last. Padam Mobility is a France-based Software as a Service (SaaS) provider for on-demand and paratransit software solutions. North America was the largest region in the smart transportation market in 2022. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the smart transportation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the smart transportation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The smart transportation market includes revenues earned by entities by managing transportation and ensuring safe movement of vehicles, pedestrians, traffic, parking, and others. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The smart transportation market research report is one of a series of new reports from The Business Research Company that provides smart transportation market statistics, including smart transportation industry global market size, regional shares, competitors with a smart transportation market share, detailed smart transportation market segments, market trends and opportunities, and any further data you may need to thrive in the smart transportation industry. This smart transportation market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Information technology (IT) is the use of computers, storage, networking and other physical devices, infrastructure and processes to create, process, store, secure and exchange all forms of electronic data. The main type of information technology (IT) are IT services, computer hardware, telecom, and software products. Computer hardware is the physical components that a computer system requires to function and encompasses everything within a PC or laptop. The services are used by large, small, and medium enterprises of financial services, retail and wholesale, manufacturing, healthcare and others. The global information technology (IT) market is segmented - 1) By Type: IT Services, Computer Hardware, Telecom, Software Products 2) By Organization Size: Large Enterprise, Small and Medium Enterprise 3) End User Industry: Financial Services, Retail & Wholesale, Manufacturing, Healthcare, Other End User Industries Subsegments Covered: Hardware Support Services, Software And BPO Services, Cloud Services, Computer Peripheral Equipment, Computer Storage Devices And Servers, Computers, Wireless Telecommunication Carriers, Wired Telecommunication Carriers, Communications Hardware, Satellite & Telecommunication Resellers, Operating Systems & Productivity Software Publishing, Database, Storage & Backup Software Publishing, Business Analytics & Enterprise Software, Video Game Software, Design, Editing & Rendering Software The global information technology (IT) market size grew from $8179.48 billion in 2022 to $8852.41 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%. 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 information technology (IT) market is expected to grow to $11995.97 billion in 2027 at a CAGR of 7.9%. The demand for cloud computing services is expected to drive the demand for IT services during the forecast period. In the cloud computing model, data is stored on the internet by a cloud computing provider, who manages and operates data storage as a service. Many companies are now choosing applications hosted in the cloud for their day-to-day operations. For example, according to statistics provided by hostingtribunal.com, 60% of computing workloads were running in the public cloud in 2019. Similarly, 94% of enterprise workloads are expected to be processed by cloud data centers in 2021. Companies are also opting for cloud-based data storage, thus boosting the demand for IT services. Major companies in the information technology (IT) market include Apple, Microsoft, Verizon Communications, China Mobile, AT&T Inc., Huawei, Deutsche Telekom AG, Dell Technologies Inc., Samsung Electronics Co., Ltd. and Comcast Corporation. The outbreak of COVID-19 disease (COVID-19) has acted as a significant restraint on the information technology (IT) market share in 2020 as supply chains were disrupted due to trade restrictions and employees working for these establishments faced difficulties related to infrastructure and communication owing to lockdowns imposed by governments globally, forcing them to work from home. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China and spread globally, including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity, with countries entering a state of 'lock down,' and the outbreak had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the information technology (IT) market will recover from the shock across the forecast period as it is a 'black swan event and not related to ongoing or fundamental weaknesses in the market or the global economy. Over the past five years there has been an increasing prevalence of low cost open source alternatives. Open source has become a preferred platform for developing new technology. In the past, software publishers would open source software that was not making money, but now companies are open sourcing software to increase their presence and share in the market. Supabase, a YC-incubated startup that offers developers an open-source alternative, announced that it had raised a $6 million in funding to create new open-source tools. Asia-Pacific was the largest region in the information technology (IT) market in 2022. North America was the second largest region of the information technology (IT) market. The regions covered in the information technology (IT) industry analysis are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the information technology (IT) market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela and Vietnam. The information technology (IT) market consists of revenues earned by entities by providing IT services such as computer networking, broadcasting, systems design services and information distribution technologies like television and telephones and other equipment used during the process. The market value includes the value of related goods sold by the service provider or included within the service offering. The information technology (IT) market also includes sales of computers, computer peripherals and telecommunications equipment which are used in providing IT services. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The information technology (IT) market research report is one of a series of new reports from The Business Research Company that provides information technology (IT) market statistics, including information technology (IT) industry global market size, regional shares, competitors with information technology (IT) market share, detailed information technology (IT) market segments, market trends and opportunities, and any further data you may need to thrive in the information technology (IT) industry. This information technology (IT) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.