The Global Smart Airports market is expected to grow from $10.3 billion in 2017 to reach $19.9 billion by 2026 with a CAGR of 7.6%
LONDON, August 30, 2018 /PRNewswire/ -- According to Stratistics MRC, the Global Smart Airports market is expected to grow from $10.3 billion in 2017 to reach $19.9 billion by 2026 with a CAGR of 7.6%. Factor such as rising customer traffic, require for up gradation of check-in services and need for real-time information are driving the smart airports market. Severe governmental policies about airport may hamper the growth of the smart airports market. Growing inclination of personalized services is providing ample opportunities for the growth of the market.
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The main aim of constructing smart airport is to make systems and processes digitally equipped and organized, in terms of process efficiency and connectivity. Further, this helps the systems to pervade with intelligence and improve accessibility. A smart airport system encompasses components, solutions, services and devices which optimize and powers the utilization of airways infrastructure for implementing advanced functions.
Based on technology, the communication systems section is predicted to grow to an extent during forecast period owing to the growing needs for real-time information, airports are adopting smart technologies for horizontal flow of communication between dissimilar systems and end users. By geography, Asia-Pacific is expected to grow at the highest CAGR during the forecast period due to the factors such as upcoming new green-field airport projects and growth of existing airports.
Some of the key players in smart airports the market includes Reutech Radar Systems (Pty) Ltd. ,Thales-Raytheon Systems Company Llc, Israel Aerospace Industries Ltd., Northrop Grumman Corporation, Honeywell International Inc., Rockwell Collins, Inc., IBM Corporation, T Systems International GmbH, Indra Siestma S.A., Cisco Systems, Inc., Sabre Corporation, Siemens AG, Amadeus IT Group SA, Japan Radio Company Limited, Furuno Electric Company Limited and QinetiQ Group Plc.
Solutions Covered:
• Airside
• Terminal Side
• Landside
Technologies Covered:
• Security Systems
• Passenger, Cargo and Baggage Ground Handling Control
• Air/Ground Traffic Control
• Communication Systems
• Endpoint Devices
• Other Technologies
Services Covered:
• Smart Business-to-Business Services
• Smart Workplace Service
• Smart Airport Processes
• Smart Transport and Parking Services
• Smart Retail, Hospitality, and Entertainment Services
Applications Covered:
• Aeronautical Operations
• Core Operations
Regions Covered:
• North América
• US
• Canada
• Mexico
• Europe
• Germany
• UK
• Italy
• France
• Spain
• Rest of Europe
• Asia Pacific
• Japan
• China
• India
• Austrália
• New Zealand
• South Korea
• Rest of Asia Pacific
• South América
• Argentina
• Brazil
• Chile
• Rest of South America
• Middle East & África
• Saudi Arabia
• UAE
• Qatar
• South África
• Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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