The global Smart Airport Market is extremely competitive and comprise various global and regional players who accounted for robust market share in 2020. Some of the key companies operating in the global Smart Airport market include: Collins Aerospace, Siemens AG, Thales Group, Ascent Technologies, Daifuku Co. Ltd., Wipro Limited, Zensors, Smart Airport System (SAS), Infax Inc., IBM Corporation, and Others. These market players are various strategies such as mergers and acquisitions, collaborations, joint ventures, collaborations, partnerships and research and development investments to strengthen their market position and expand their product base.
The global Smart Airport Market size is expected to reach USD 10.07 Billion in 2028 and register a revenue CAGR of 18.2% during the forecast period. The ICT sector is rapidly expanding in terms of money over the recent past owing to factors such as rising adoption of cloud based services, increasing concerns regarding data security and management of large data.
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Based on product type, the global market is segmented into type 1, type 2, type 3, type 4 and others. Among these, the type 2 segment is expected to register robust revenue CAGR throughout the forecast period owing to factors such as increasing number of internet users, rising usage of smart phones, laptops and increasing investments by market players to develop enhanced products.
Rapidly growing commercial and industrial sectors, rising concerns about data breaching in multinational companies, corporates, hospitals, rising demand for ICT services in various sectors such as healthcare and pharmaceuticals, IT, financial services and hospitals are some of the key factors boosting growth of the global Smart Airport market revenue growth. In addition, increasing R&D investments and rising focus on developing more secure products are supporting market growth.
Geographically, North America is expected to account for robust revenue share between 2021 and 2028 owing to factors such as rising concerns about data leakage and security, presence of key players and increasing adoption of advanced solutions.
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Segments Covered in the Report
This report offers historical data and forecasts revenue growth at a global, regional, and country level, and provides analysis of the market trends in each of the sub-segments from 2018 to 2028. For this study, Reports and Data has segmented the smart airport market based on system, application, airport size, end use, type, operation, and region:
System Type Outlook (Revenue, USD Million; 2018–2028)
- Communication & Network systems
- End devices
- Data storage
- Software & solutions
Application Outlook (Revenue, USD Million; 2018–2028)
- Terminal side
Airport size Outlook (Revenue, USD Million; 2018–2028)
End Use Outlook (Revenue, USD Million; 2018–2028)
- Upgrades & Services
Type Outlook (Revenue, USD Million; 2018–2028)
- Airport 2.0
- Airport 3.0
- Airport 4.0
Operation Outlook (Revenue, USD Million; 2018-2028)
Regional Outlook (Revenue, USD Million; 2018–2028)
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
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Key objectives of the report:
- Details about revenue growth, market size, drivers, opportunities, constraints
- Historical and forecast revenue of the key segments, products, applications and detailed analysis of the regions in the market
- Production capacity, revenue, pricing structure, market share, and CAGR.
- To offer insights about current market position, forecast estimation, competitive landscape and research and development activities
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