Airport operations and business models have evolved dramatically over the last two decades to support the explosive growth of the global airline industry. Regulatory reforms and deregulation has ushered in a new aviation era, globally. Emerging countries are showing dramatic traffic growth, diversity, and choice of airlines.
Albany, NY -- (SBWIRE) -- 06/17/2016 -- This report aims to provide comprehensive strategic analysis of the global smart airports market along with revenue and growth forecasts for the period from 2016 to 2024. Airports are transitioning focus from being infrastructure providers to service providers, thereby focusing on enhancing revenue generation and passenger services. Rising demand for self-service and automated processes are identified as leading factors contributing to the growth of smart airports worldwide. This is further complemented by the growing IT spending on airports across the globe to further enhance passenger experience.
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This research study on the global smart airports market provides a detailed analysis of how various infrastructure, solutions, and applications are deployed at airports, transforming them into smart airports. The report offers an in-depth study of market drivers, restraints, and growth opportunities. Using these factors, the report identifies various trends expected to impact the market during the forecast period from 2016 to 2024. It includes a comprehensive coverage of the underlying economic, environmental, and technological factors influencing the smart airports market. It provides the competitive landscape of key players in the smart airports market in order to highlight the state of competition therein. The report also provides a detailed competitive analysis of the key players in the smart airports market and identifies the various business strategies adopted by them. The study explains the penetration of each market segment within various geographies, and how these segments have accelerated the growth of the market as a whole.
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Smart airport infrastructure is segmented into endpoint devices, communication systems, passenger, cargo and baggage ground handling control, air/ground traffic control, security systems, and others. Smart airport solutions are classified into terminal side, airside, and landside solutions. Smart airport applications are segmented into core applications and business applications. Smart airport services included in the study are smart transport and parking; smart retail, hospitality and entertainment; smart workplace; smart airport processes; and smart business-to-business services. Geographically, the global market for smart airports has been segmented into five regions: North America, Europe, Asia Pacific, Middle East and Africa (MEA), and Latin America. The market size and forecast for each region has been provided for the period from 2014 to 2024 along with the CAGR (%) for the forecast period from 2016 to 2024. The study also includes qualitative analysis of the competitive scenario for major countries/regions in these geographical segments.
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The report includes an overview of the market strategies, annual revenues, and the recent developments of key companies operating in the market. The key market participants profiled in this study include Amadeus IT Group SA, IBM Corporation, Vision-Box, Siemens AG, Honeywell International, Inc., CISCO System, Inc., Thales Group, SITA, QinetiQ Group PLC, and Raytheon Company.
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