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The Advanced Airport Technologies Market is segmented by Type (Airport Communications, Airport Management Software, Car Parking Systems, Passenger, Baggage and Cargo Handling Control Systems, Airport Digital Signage Systems, Landing Aids, Guidance, Lighting), and Geography.
Fastest Growing Market:
Greater Than 4 %
The advanced airport technologies market is expected to register a CAGR of over 4% during the forecast period (2020-2025).
Advanced technologies are being used in various airport systems, such as security, airport communications, digital signage systems, airport management systems, fire, passenger and baggage handling, and car parking systems.
|Airport Management Software|
|Car Parking Systems|
|Passenger, Baggage, and Cargo Handling Control Systems|
|Airport Digital Signage Systems|
|Landing Aids, Guidance, and Lighting|
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Currently, the passenger, baggage, and cargo handling control systems segment has the highest market share out of all the segments, as they are now used widely in terminal operations and airline departure control, like passenger check-in, customs, baggage handling, screening, etc. But the growth of the airport digital signage systems segment is anticipated to be more during the forecast period. As the airports and airlines modernize and adopt solutions to make the airports more automated, digital displays are now being adopted on a large scale in every sphere of the airport. Digital signage and touch-enabled kiosks are installed to help ease and enrich the passenger journey, boost passenger satisfaction, and ensure safety at airports. Advancements in the integration of smartphones with Bluetooth-enabled beacon technology are helping the development of digital signs, which can deliver highly relevant information to passengers passing by, alert them regarding the whereabouts of shops and restaurants, and simplify the airline lounge admission for members. Thus, the high adoption of these technologies is driving the growth of the segment.
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As of 2019, North America has the highest share in the advanced airport technologies market, as the countries, like the United States and Canada, are adopting these technologies in their airports on a large scale. The United States has the largest number of airports in the world, and the development, expansion, and modernization plans for many of these airports drive the revenues for the advanced airport technologies market. However, during the forecast period, the market in the Asia-Pacific region, whose passenger traffic has the highest growth rate in the world, is expected to grow with the highest CAGR. Airports in the regions are undergoing many modernization programs, and unlike the North America region, where most of these technologies are already adopted, there is a lot of scope for the market growth in the Asia-Pacific region, where most of these technologies are relatively new.
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Hitachi Ltd, Honeywell International Inc., Smiths Detection Group Ltd., Leidos Holdings Inc, and Thales Group are some of the prominent players in the market, currently. The market is fragmented, with many players providing airport infrastructure at different levels. With technologies, like IoT, and other cloud-based applications constantly improving, there is a lot of scope for development of new technologies and systems in the market. Players must make sure that their products are constantly evolving, to match the trends in the industry. This may help them gain a stronger foothold in the market by attracting new customers.
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Industry Attractiveness - Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1.1 Airport Communications
5.1.2 Airport Management Software
5.1.3 Car Parking Systems
5.1.4 Passenger, Baggage, and Cargo Handling Control Systems
5.1.5 Airport Digital Signage Systems
5.1.6 Landing Aids, Guidance, and Lighting
5.2.1 North America
126.96.36.199 United States
188.8.131.52 United Kingdom
184.108.40.206 Rest of Europe
220.127.116.11 South Korea
18.104.22.168 Rest of Asia-Pacific
5.2.4 Latin America
22.214.171.124 Rest of Latin America
5.2.5 Middle-East and Africa
126.96.36.199 United Arab Emirates
188.8.131.52 Saudi Arabia
184.108.40.206 South Africa
220.127.116.11 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Hitachi, Ltd.
6.2.2 Honeywell International Inc.
6.2.3 Johnson Controls International PLC
6.2.4 NEC Corp
6.2.5 Smiths Detection Group Ltd.
6.2.6 Leidos Holdings Inc
6.2.7 Analogic Corporation
6.2.8 Cisco Systems, Inc.
6.2.9 L3Harris Technologies, Inc.
6.2.10 Matrix, LLC
6.2.11 Thales Group
6.2.12 Rapiscan System Inc.
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject to Availability