Market Size of Asia-Pacific Smart Airport Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 451.05 Million |
| Market Size (2029) | USD 878.42 Million |
| CAGR (2024 - 2029) | 14.26 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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APAC Smart Airport Market Analysis
The Asia-Pacific Smart Airport Market size is estimated at USD 451.05 million in 2024, and is expected to reach USD 878.42 million by 2029, growing at a CAGR of 14.26% during the forecast period (2024-2029).
Air passenger traffic in the region has been increasing rapidly in the past few years, which has led to various modernization plans of airports to enhance their passenger handling capacities, as well as the operational efficiencies of the airports. These enhancements are anticipated to drive the growth of the smart airport market in the region during the forecast period. Furthermore, constructing new airports in the Asia-Pacific region, particularly in countries like China and India, will bolster the market's growth shortly.
Moreover, an increase in automation technologies is expected to revolutionize the entire process flow architecture in airports. Airports in the Asia-Pacific region are expected to make use of technologies such as artificial intelligence (AI), Internet of Things (IoT), and predictive analysis for a wide range of applications, from customer service to operational efficiency, which is further expected to drive the market growth during the forecast period.
