Market Size of Europe Smart Airport Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 397.87 Million |
| Market Size (2029) | USD 603.54 Million |
| CAGR (2024 - 2029) | 8.69 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Smart Airport Market Analysis
The Europe Smart Airport Market size is estimated at USD 397.87 million in 2024, and is expected to reach USD 603.54 million by 2029, growing at a CAGR of 8.69% during the forecast period (2024-2029).
The European region has witnessed gradual air passenger traffic growth in recent years. To cater to the increasing passenger traffic, airport operators in this region have been investing in airport modernization. The modernization includes integrating new technologies to enhance operational efficiencies and increase passenger handling capacities. Such investments will generate demand for smart airport solutions in the coming years.
Moreover, technologies such as artificial intelligence (AI), the Internet of Things (IoT), and predictive analysis are being integrated into airports for various applications to increase automation and revolutionize airport process flow architecture. The integration of advanced technology solutions in the airports is expected to bolster the growth of the European smart airports market during the forecast period.
Furthermore, constructing new airports in the European region will bolster the market's growth shortly.
