Advanced Airport Technologies Market Size
| Study Period: | 2018 - 2028 |
| Fastest Growing Market: | Asia Pacific |
| Largest Market: | North America |
| CAGR: | > 4 % |
Major Players.webp)
*Disclaimer: Major Players sorted in no particular order |
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Advanced Airport Technologies Market Analysis
The advanced airport technologies market is expected to register a CAGR of over 4% during the forecast period.
The COVID-19 outbreak has preceded one of the major challenges to the sustainability of the air travel industry at the worldwide level. Despite the decrease in revenues of airport operators due to the impact of the pandemic, the authorities have continued to invent advanced airport technologies. With passenger traffic projected to witness a gradual recovery, airport operators are expected to increase their investments in airport technologies in the coming years.
Airports are now recognizing the need to move toward more efficient and less intrusive security to help them reduce the high cost of security implementation and to provide a hassle-free experience to travelers.
The rise in the number of passengers has caused problems to the airports in dealing with the arising passenger problems. Service disruptions, long check-in lines, and baggage issues are the three main areas of passenger discomfort. To tackle these challenges and improve the experience of the customer, airports worldwide have adopted newer technologies, such as self-check-in kiosks and face recognition systems, that are helping the airports in revolutionizing the check-in process.
The privatization of airports has helped the market, as airport operators are providing world-class facilities and systems to gain a competitive advantage over others.
Advanced Airport Technologies Industry Segmentation
The advanced airport technologies market is segmented by Type, by geography. By type, the market is segmented into Airport Communications, Airport Management Software, Car Parking Systems, Passenger, Baggage, and Cargo Handling Control Systems, Airport Digital Signage Systems, Landing Aids, Guidance, and Lighting. By geography, the market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle-East, and Africa.
| Type | |
| Airport Communications | |
| Airport Management Software | |
| Car Parking Systems | |
| Passenger, Baggage, and Cargo Handling Control Systems | |
| Airport Digital Signage Systems | |
| Landing Aids, Guidance, and Lighting |
| Geography | |||||||
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Advanced Airport Technologies Market Trends
This section covers the major market trends shaping the Advanced Airport Technologies Market according to our research experts:
The Digital Signage Systems Segment to Grow with the Highest CAGR During the Forecast Period
Currently, the passenger, baggage, and cargo handling control systems segment have the highest market share 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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Asia-Pacific Market to Grow Rapidly in the Future
Asia-Pacific is expected to witness the highest demand during the forecast period. The growth of the demand for the market is due to the ongoing investment plans of the civil aviation authorities to construct new airports and the increasing threat of terrorist activities at the airports in the region. With the recovering passenger traffic at the airports in the region, countries like China and India are increasing their investments in constructing new airports, expanding existing airports, and modernization of aviation infrastructure in the region. Currently, more than USD 200 billion in airport infrastructure projects are ongoing in the Asia-Pacific region. China, India, South Korea, the Philippines, and Vietnam are major countries undertaking such projects. In addition to investments in constructing new airports, airport operators are partnering with companies to introduce innovative security systems. On this note, in October 2021, Kansai Airports deployed Secom Robot X2 at Terminal 2 of Kansai International Airport and the airport’s railway station. The new robots can autonomously navigate patrol routes that feature a 360° camera, a stereo camera, a PTZ camera, a sensing functions laser sensor, an internal temperature and battery temperature sensor bumper sensor, an ultrasonic sensor, and a PSD sensor. Such investments are anticipated to generate demand for new advanced airport technologies for airports and new facilities during the forecast period.
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Advanced Airport Technologies Industry Overview
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, continually improving, there is a lot of scope for the development of new technologies and systems in the market. Players must make sure that their products are continually evolving, to match the trends in the industry. This may help them gain a stronger foothold in the market by attracting new customers.
Advanced Airport Technologies Market Leaders
Hitachi Ltd
Honeywell International Inc.
Smiths Detection Group Ltd.
Leidos Holdings Inc
Thales Group
*Disclaimer: Major Players sorted in no particular order
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Advanced Airport Technologies Market News
In February 2022, Perth Airport announced its plan to invest USD 93 million (AUD 13 million) towards upgrading its checked baggage screening system across all terminals. The airport is modernizing its security screening equipment as part of its federal government’s mandate to further enhance Australia’s domestic and international aviation security.
In December 2021, Westminster Group was awarded a contract to deliver and install advanced screening and surveillance equipment at two Southeast African airports. Under the contract, the company will install an advanced CCTV surveillance system, new x-ray screening & metal detection equipment, and new control and command centers at both airports.
Advanced Airport Technologies Market Report - Table of Contents
1. INTRODUCTION
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 Type
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 Geography
5.2.1 North America
5.2.1.1 United States
5.2.1.2 Canada
5.2.2 Europe
5.2.2.1 Germany
5.2.2.2 United Kingdom
5.2.2.3 France
5.2.2.4 Italy
5.2.2.5 Rest of Europe
5.2.3 Asia-Pacific
5.2.3.1 China
5.2.3.2 Japan
5.2.3.3 India
5.2.3.4 South Korea
5.2.3.5 Rest of Asia-Pacific
5.2.4 Latin America
5.2.4.1 Brazil
5.2.4.2 Mexico
5.2.4.3 Rest of Latin America
5.2.5 Middle East & Africa
5.2.5.1 United Arab Emirates
5.2.5.2 Saudi Arabia
5.2.5.3 South Africa
5.2.5.4 Egypt
5.2.5.5 Rest of Middle East & 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
Advanced Airport Technologies Market Research FAQs
What is the study period of this market?
The advanced airport technologies market is studied from 2018 - 2028.
What is the growth rate of advanced airport technologies market?
The advanced airport technologies market is growing at a CAGR of >4% over the next 5 years.
What is advanced airport technologies market size in 2018?
The advanced airport technologies market is valued at 1 Billion USD in 2018.
What is advanced airport technologies market size in 2028?
The advanced airport technologies market is valued at 2 Billion USD in 2028.
Which region has highest growth rate in advanced airport technologies market?
Asia Pacific is growing at the highest CAGR over 2018 - 2028.
Which region has largest share in advanced airport technologies market?
North America holds highest share in 2021.
Who are the key players in advanced airport technologies market?
Hitachi Ltd, Honeywell International Inc., Smiths Detection Group Ltd., Leidos Holdings Inc, Thales Group are the major companies operating in advanced airport technologies market.
advanced airport technologies Industry Report
Statistics for the 2023 advanced airport technologies market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. advanced airport technologies analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.
