Smart Airport Market to Reach $24.28 Billion, Globally, by 2032 at 13% CAGR: Allied Market Research
Tuesday, November 14, 2023
Increase in air passenger traffic across the globe, rise in utilization of artificial intelligence and tools for big data analysis, and increase in focus on security on airports drive the growth of the global smart airport market.
WILMINGTON, Del., Nov. 6, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Smart Airport Market by Application (Landside, Airside, and Terminal Side), Airport Size (Small, Medium, and Large), and Type (Airport 2.0, Airport 3.0, And Airport 4.0).): Global Opportunity Analysis and Industry Forecast, 2023-2032". According to the report, the global smart airport market size was valued at $7.10 billion in 2022, and is projected to reach $24.28 billion by 2032, registering a CAGR of 13%.
https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg
Prime determinants of growth
Factors such as increase in air passenger traffic across the globe, rise in utilization of artificial intelligence and tools for big data analysis, and increase in focus on security on airports boost the growth of the digital twins in automotive market. However, high initial investment costs and lack of trained and experienced staff are anticipated to hinder market growth. On the other hand, enhanced passenger experience and retail revenue and increased focus on sustainability and environmental concerns provide a remarkable growth opportunity for the market players operating in the market.
Download Sample Pages - https://www.alliedmarketresearch.com/request-sample/7509
Leading Players in Smart Airport Industry: -
-- T-Systems International GmbH
-- Siemens AG
-- SITA
-- Wipro Limited
-- Honeywell International Inc.
-- Cisco Systems Inc.
-- Huawei Technologies Co., Ltd.
-- Smart Airport Systems (SAS)
-- Thales
-- IBM Corporation
The report provides a detailed analysis of these key players in the global smart airport market. These players have adopted different strategies such as new product launches, collaborations, expansion, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, smart airport segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
Procure Complete Research Report (PDF/ Excel with Qualitative and Quotative Data, Insights, Statistics, Tables, Charts, Figures) - https://www.alliedmarketresearch.com/smart-airport-market/purchase-options
Report Coverage & Details:
Report Coverage
Details
Forecast Period
2023-2032
Base Year 2022
Market Size in 2022
$7.10 billion
Market Size in 2032
$24.28 billion
CAGR 13 %
No. of Pages in Report 349
Segments Covered
Application, Airport Size, Type, and Region
Drivers Increase in air passenger traffic across the globe
Rise in utilization of artificial intelligence and tools
for big data analysis
Increase in focus on security on airports
Opportunities Enhanced passenger experience and retail revenue
Increased focus on sustainability and environmental
concerns
Restraints
High initial investment costs
Lack of trained and experienced staff
Covid-19 Scenario
-- The COVID-19 pandemic had a significant impact on the smart airport
market. The COVID-19 pandemic hit the smart airport market hard, as it
caused a massive drop in air travel due to travel restrictions and
health concerns.
-- COVID-19 also made the aviation industry rethink the way passengers move
through airports. Airports made sure there was enough space for social
distancing, introduced mask mandates, and enhanced cleaning protocols.
-- Smart airports played a key role in reorganizing terminals, seating
arrangements, and security procedures to keep passengers safe.
Technologies including IoT-based crowd monitoring and digital signs were
used to enforce social distancing.
-- Despite all the challenges, the pandemic also accelerated innovation in
the smart airport market. Airports fast-tracked the adoption of advanced
technologies such as improved security systems, AI-based passenger
screening, and contactless services to regain passenger trust and ensure
safer and more efficient operations.
The application is expected segment to maintain its leadership status throughout the forecast period
Based on application, the terminal side segment held the highest market share in 2022, accounting for more than` two-fifths of the global smart airport market revenue and is estimated to maintain its leadership status throughout the forecast period. This is owing to increased adoption of smart technologies in various applications such as baggage handling, security checkpoints and shopping which leads to growth of the segment. However, the airside segment is projected to attain the highest CAGR of 15.1% from 2023 to 2032, as automation and robotics are gaining prominence in airside operations, streamlining aircraft servicing, maintenance, and cargo handling on the apron, increasing efficiency and safety.
The small segment is expected to maintain its leadership status throughout the forecast period
Based on airport size, the small segment held the highest market share in 2022 and is estimated to maintain its leadership status throughout the forecast period, as small airports play a vital role in regional connectivity. Growth of these airports is driven by increase in regional travel, making them attractive hubs for both passengers and airlines. However, the large segment is projected to attain the highest CAGR of 15.1 % from 2023 to 2032, due to large airports are investing in advanced infrastructure, including automated baggage handling systems, self-check-in kiosks, and cutting-edge security measures to enhance operational efficiency and passenger experiences.
The Airport 3.0 segment is expected to maintain its lead position during the forecast period
Based on type, the airport 3.0 segment accounted for the largest share in 2022 and is estimated to maintain its leadership status throughout the forecast period, as airport 3.0 technologies lead to increased efficiency and cost reduction, benefiting both airlines and airports. However, the airport 4.0 segment is expected to attain the largest CAGR of 15.8% from 2023 to 2032, as airport 4.0 is an evolving concept with the goal of achieving full end-to-end digitalization and personalization of the passenger journey.
Interested to Procure the Research Report? Inquire Before Buying - https://www.alliedmarketresearch.com/purchase-enquiry/7509
North America to maintain its dominance by 2032
Based on region, North America held the highest market share in terms of revenue in 2022 and is estimated to maintain its leadership status throughout the forecast period, owing to rise in investments by companies in the region, along with initiatives by governments to boost the use of technologies such as AI, ML, and cloud computing in the airline industry. However, Asia-Pacific is expected to attain the largest CAGR of 15.6% from 2023 to 2032, as the Asia-Pacific region is rapidly advancing smart airport technologies, with countries such as China, India, and Japan leading the way through significant investments in systems such as facial recognition, biometrics, and cloud-based solutions to improve operational efficiency and the passenger experience.
Similar Reports We Have on Airport Industry:
Smart Airport 2.0 Market Research Report 2023-2032
Smart Airport 3.0 Market Research Report 2023-2032
Smart Airport 4.0 Market Research Report 2023-2032
Green Airport Market Research Report 2023-2032
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
USA/Canada (Toll Free):
+1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-800-792-5285
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com
Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg
View original content:https://www.prnewswire.com/news-releases/smart-airport-market-to-reach-24-28-billion-globally-by-2032-at-13-cagr-allied-market-research-301978252.html
SOURCE Allied Market Research
|
|
|
|
|
 |
Weekly Recap: 11 Tech Press Releases You Need to See | Jan 22, 2026
|
|
Sup AI Sets New Benchmark Record with 52.15% on Humanity's Last Exam | Jan 22, 2026
|
|
Trigent Partners with WeWork India to Expand its GCC Footprint | Jan 22, 2026
|
|
Skunk Works® and XTEND Expand Joint All Domain Command and Control for Advanced Mission Execution | Jan 22, 2026
|
|
DEADLINE ANNOUNCED FOR 2026 NEW TOP-LEVEL DOMAIN APPLICATIONS | Jan 22, 2026
|
|
Altair HyperWorks 2026 Delivers Design and Simulation at Scale with AI | Jan 22, 2026
|
|
Glasswall Brings Defense-Level File Sanitization to Every Government Agency and Business Using Microsoft 365 | Jan 22, 2026
|
|
Exia Labs Brings Keystone to the U.S. Navy via DIU's Blue Object Management Challenge | Jan 22, 2026
|
|
Genpact Named a Leader in ISG Provider Lens(TM) 2025 for Insurance GCCs and Agentic AI Services | Jan 22, 2026
|
|
Marketing Evolution Announces New Investment Led by Insight Partners to Power AI-Ready Marketing Data for the Agentic Era | Jan 22, 2026
|
|
|
