Transparency Market Research

Smart Airport Market - Professional Survey & Future Trends 2026

Smart Airport Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026

 

Albany, NY -- (SBWIRE) -- 07/23/2018 -- Rise in demand for automated and self-service processes and increasing number of air passengers leading to high airport traffic are the major factors driving the smart airports market. Globally, the smart airports market is anticipated to expand at a CAGR of 13.0% during the forecast period from 2018 to 2026.

Demand for automated and self-service processes is on the rise due to increasing number of passengers at airports and the rise in need for effectively managing airport operations. This is, in turn, driving the requirement for upgraded solutions that would ease and allow automation of the processes at airports. A majority of airports are now focusing on self-service solutions and adopting new technologies such as robotics kiosk, facial recognition, automated passport control, and others to manage airport operations effectively.

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Companies are also introducing advanced technology solutions and systems in the market and are investing heavily in digital technologies and IT to provide value added services to customers. Rising demand for various technologically-advanced communication systems, non-aeronautical systems, and security systems is anticipated to boost the market over the forecast period.

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The global smart airport market can be segmented –based on infrastructure, application, solutions and services. Based on infrastructure, the market can be classified into endpoint devices, communication systems, passenger, cargo and baggage handling, air traffic control systems, security systems, and others. The security system segment is anticipated to dominate the market in terms of investment during the forecast period.

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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.