MarketResearch.biz announces publication of its most recently generated research report titled, “Global Smart Airports Market by Technology Type (Security systems, Communication Systems, Passenger, Cargo & Baggage Handling Control, Air/Ground Traffic Control, Endpoint Devices, and Others), by Solution (Air Side, Terminal Side, and Land Side), by Solution Application (Aeronautical Operations, and Non-Aeronautical Operations), and by Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Global Forecast to 2029”, which offers a holistic view of the global smart airports market through systematic segmentation that covers every aspect of the target market. The first five-year cumulative revenue (2020–2024) is projected to be more than US$ 75 Bn, which is expected to increase rather significantly over the latter part of the five-year forecast period.
Smart airports are constructed based on concepts such as smart cities, smart factories, etc. Smart airports include various systems such as cargo and baggage handling, communication systems, security systems, solutions for ground handling, vehicle parking, aircraft hangar operations, air traffic management, and aircraft docking and parking. The systems in terminal side of smart airports include passenger and staff notification systems, announcement system information display systems, and lighting systems. Integration of innovative technologies including quick response (QR) codes, augmented reality (AR), near-field communication (NFC), and other related platforms are estimated to result in expansion of scope and potential of smart airports
Browse the full “Smart Airports Market By Technology Type (Security Systems, Communication Systems, Passenger, And Others), By Solution Application (Aeronautical Operations, And Non-Aeronautical Operations), And By Region – Global Forecast To 2029” report at https://marketresearch.biz/report/smart-airports-market/
Global Smart Airports Market: Dynamics
Rapidly growing tourism industry, increasing number of passengers travelling via airplanes for various purposes such as for business tours, pleasure, medical reasons, among others, coupled with challenges in smart airports including development of environmental-friendly solutions for increasing passenger traffic management, baggage management, and providing cost-effective services to travelers are among major factors estimated to drive market growth. Factors such as major investment required for deployments and conversion of conventional airports, combined with the grey areas in understanding consumer preferences, are projected to hamper growth of the smart airport market to a certain extent. Conventional airports in several countries require technological advancements, and some of the key challenges for governments and respective authorities are the management issues involved in such procedures, along with challenges of carrying out existing operations.
Global Smart Airports Market: Market Forecast
The comprehensive research report comprises a complete forecast of the global smart airports market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the global smart airports market is expected to expand at a CAGR of over 9.1% over the forecast period.
Global Smart Airports Market: Segmental Snapshot
The market report has been segmented on the basis of technology type, solution, solution application, and region. The technology type segments include security systems, communication systems, passenger, cargo & baggage handling control, air/ground traffic control, endpoint devices, and others. The solution segments include air side, terminal side, and land side. The solution application segments include aeronautical operations, and non-aeronautical operations. The regions covered in the analysis include North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
By Technology Type: The passenger, cargo baggage control segment is expected to account for highest revenue share contribution as compared to other segments, and is expected to register a CAGR of over 10.3% over the forecast period
By Solution: The terminal side segment is projected to account for highest revenue share as compared to that of other segments, and is projected to register a CAGR of over 8.6% over the forecast period
By Solution Application: The aeronautical application segment is projected to account for highest revenue share as compared to that of other segments, and is projected to register a CAGR of over 8.2% over the forecast period
By Region: The market in Europe is estimated to account for highest revenue share in the global smart airports market, and is projected to register a CAGR of over 9.3% over the forecast period
Global Smart Airports Market: Competitive Analysis
The research report on the global smart airports market include profiles of some major companies such as Honeywell International Inc., United Technologies Corporation (UTC), SITA, Siemens Aktiengesellschaft (Siemens Logistics GmbH), Amadeus IT Group SA, NEC Corporation, Damarel Systems International Ltd., International Business Machines Corporation, QinetiQ Group plc, and Cisco Systems, Inc.
“Global Smart Airports Market: Industry, Size, Share, Growth, Trends, and Forecast, 2020–2029” report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global smart airports market for 2019–2029.
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