Global Airport Digitization Market: Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Airport Digitization Market” is a recently generated report by MarketResearch.biz. The global airport digitization market report has been segmented as per product type, application, and region.
Airport digitization is gaining traction and the use of more mobile-based applications by passengers has been increasing along or in parallel with increasing growth of smartphone usage. An increasing number of app developers, small and medium enterprises (SMEs), start-ups, and IT firms are developing mobile-based applications, with the objective to allow integration of various services within the premises of an airport. The focus is to make airports more intuitive and connectivity at such airports needs to be seamless for passengers using services. Also, digitization enables smarter operations and planning, improved security, enables digital management, and makes connectivity seamless.
Rapidly rising awareness about the ongoing digitalization trend, availability of transparent services, and introduction of digital flight information display systems for passenger are among some of the key factors expected to drive growth of the global airport digitization market over the forecast period. Data regarding passengers, airport personnel and staff, and information arising from logging of operations is increasing exponentially. Large volumes of data are generated each day and can be further used to improve operations, reducing operational risks, expanding business flexibility, and furthermore, providing passengers with more value-added services. In addition, rising introduction and use of newer more advanced technologies is another major factor fueling growth of the target market.
The number of passengers opting to fly instead of using other means of transportation has been increasing exponentially in the recent past. Commercial airlines offer discounts and packages for all classes of passengers, and this has been further resulting in a growing consumer base. In addition, a sizable consumer base are frequent flyers, with the consumer base growing considerably each year. Rapid adoption of airport digitization systems and solutions, devices, and Internet across the globe is expected to boost growth of the global airport digitization market over the next 10 years.
Among the product type segments, the software segment is expected to account for highest revenue share in the global airport digitization market. This projected growth is attributable to growing digitalization trend, rising penetration of the Internet and smartphone adoption, and growing e-commerce industry in countries across the globe.
Among the application segments, the passenger assistance segment is expected to account for highest revenue share in the global airport digitization market. The passenger screening and security segment is also expected to account for major revenue share over the forecast period.
The market in North America is projected to account for highest revenue share in the global market, followed by the market in Europe. Projected growth of the North America market is attributable to rising investments in infrastructure and advanced airports in countries in the region. The market in Asia Pacific is expected to register a significant growth in terms of CAGR in the global market, owing to increasing demand for advanced technologies and digitalization trend in emerging economies in the region. Markets in Middle East & Africa and Latin America are expected to register moderate growth in terms of revenue, owing to lack or low awareness about digitalization. However, this is projected gain traction in the near future.
Global Airport Digitization Market Segmentation:
Segmentation by product type:
Segmentation by application:
- Passenger Screening and Security
- Baggage Services
- Passenger Assistance
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2017 Estimated Year 2018 Forecast Period 2018–2028 Revenue in US$
- Cisco Systems
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