Market Share of North America Smart Airport Industry
The North American smart airport market is highly consolidated in nature, with few players holding significant shares in the market. The stringent safety and regulatory policies in the aviation sector are expected to restrict the entry of new players. Furthermore, the sales of technology-based platforms such as automated baggage handling systems and full-body scanners are primarily influenced by the prevalent economic conditions in dominant markets like the United States. Hence, during an economic downturn, purchases may be subjected to deferral or cancelation and lead to a relatively slower rate of adoption, which, in turn, can adversely affect the market dynamics.
Moreover, business uncertainty may be enhanced by failures or delays in obtaining licenses and certifications for export, which can have an adverse effect on the businesses and operating results of market players. Furthermore, the diversification of geographical markets, in tandem with the product offerings, will be a key criterion for ensuring profitability and survival in the long run.
North America Smart Airport Market Leaders
Cisco Systems Inc.
Honeywell International Inc.
IBM Corporation
Siemens AG
THALES
*Disclaimer: Major Players sorted in no particular order
