Smart Airports Market – Increasing Adoption of Advanced Technology To Offer Customers Enhanced Experiences
The report provides an in-depth market intelligence regarding market dynamics and major factors, such as drivers, restraints, opportunities, and industry-specific challenges influencing the growth of the smart airports market, along with an analysis of micromarkets on individual growth trends, prospects, and their contribution made to the overall market. The report also covers competitive developments, such as long-term contracts, new product launches & agreements, and research & development activities in the smart airport market.
The global smart airports market has grown in prominence with new innovative technologies which have helped personalize user experiences. The increasing demand for real-time information is expected to propel the market growth as these solutions ease the burden on airport infrastructure and workforce. The modernization of old airports, establishment of new airports, development in commercial aviation, and the increasing focus on green initiatives are the key growth drivers expected to boost the market over the forecast period.
High initial investment for large scale connective and full-bodied infrastructure are restricting adoption of smart airports in the market globally. Concerns over cybercrime and cyber security are some other factors hampering growth of the global smart airports market . Increasing adoption of biometric equipment’s and smartphone integration is expected to create opportunities for major vendors in the global smart airports market.
The security system segment is anticipated to dominate the market in terms of investment during the forecast period. The expansion of the security systems segment is likely to be driven by rising demand for biometric devices by airports for the identification and checking process. Based on solution, the market can be segmented into terminal side, airside, and landside. The expansion of the terminal side segment is expected to be driven by rising demand for digital video surveillance and management solutions by airports to enhance the security and productivity of the workplace. In terms of application, the market can be split into core and business application segments.
The major participants in the smart airports market are Honeywell Corporation Inc (U.S.), Rockwell Collins, Inc. (U.S.), SITA (Switzerland), Siemens AG (Germany), IBM Corporation (U.S.), and Amadeus IT Group SA (Spain) among others. These players have adopted strategies such as contracts, new product developments, and agreements to strengthen their position in the smart airports market.
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