Smart Airport Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Global Smart Airport Market Research & Size and is Segmented by Technology (Security Systems, Communication Systems, Air and Ground Traffic Control, Passenger, Cargo & Baggage Ground Handling), by Airport Operations (Landside, Airside, and Terminal Side), and by Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa). The report offers the market size and forecasts in value (USD billion) for all the above segments.

Smart Airport Market Size

Single User License
Team License
Corporate License
Book before:
Smart Airport Market Summary
share button
Study Period 2019 - 2029
Market Size (2024) USD 1.89 Billion
Market Size (2029) USD 3.58 Billion
CAGR (2024 - 2029) 13.63 %
Fastest Growing Market Asia Pacific
Largest Market North America

Major Players

rd-img

*Disclaimer: Major Players sorted in no particular order

setting-icon

Need a report that reflects how COVID-19 has impacted this market and its growth?

Single User License

OFF

Team License

OFF

Corporate License

OFF
Book before:

Smart Airport Market Analysis

The Smart Airport Market size is estimated at USD 1.89 billion in 2024, and is expected to reach USD 3.58 billion by 2029, growing at a CAGR of 13.63% during the forecast period (2024-2029).

  • Following the advent of the COVID-19 pandemic, the demand for smart airport technologies increased due to investments in integrating advanced technologies, such as self-service check-in kiosks, biometric kiosks, and touchless solutions. Furthermore, due to the lower passenger traffic levels at the airports, the airport operators could easily integrate and implement new advanced technologies.
  • The recovery in passenger traffic in the coming years, the implementation of advanced technologies in airports such as IT, electronics and control systems, robotics, data analytics, and so on for efficient management at a lower cost, and the need to improve the passenger experience in airports are all expected to accelerate the growth of the smart airport market during the forecast period.
  • According to the latest updates from the International Air Transport Association (IATA), the International Civil Aviation Organization (ICAO), the Airports Council International (ACI), the UN World Tourism Organization (UNWTO), the World Trade Organization (WTO), and the International Monetary Fund (IMF), the international air passenger traffic in 2022 improved compared to that of 2021. The international air passenger traffic during 2022 increased by 152.7% YoY, while the revenue passenger kilometers (RPK) grew by 64.4% compared to 2021 and reached around 76.9% of the December 2019 pre-pandemic levels.
  • The increasing investments in constructing new greenfield airports and expanding existing airports globally to cater to the anticipated rebound in passenger traffic are expected to majorly drive the demand for smart airport technologies in the future.

Smart Airport Market Trends

The Passenger, Cargo & Baggage Ground Handling Segment to Dominate the Market During the Forecasted Period

The passenger, cargo & baggage ground handling segment currently has the highest market share and is expected to continue its dominance during the forecast period. The rapid growth of passenger traffic has increased the pressure on airport operators to augment their passenger handling capacity and integrate digital solutions to regulate passenger flow, cargo, and baggage handling capabilities at airports. For instance, in May 2022, Veovo partnered with Aeropuertos Argentina 2000, an operator of Argentina's airports, to integrate new passenger flow solutions at Aeroparque Jorge Newbery (AEP) and Aeropuerto Internacional Ezeiza (EZE). The company implemented Veovo's Passenger Predictability solution, an artificial intelligence (AI)-powered cloud software, to optimize operations and enhance passenger flow in various processes, such as baggage hall, security, immigration, and border control. In June 2022, London Heathrow Airport (KHR) announced that it would reopen Terminal 4 to be operational again after the severe traffic slowdown due to the COVID-19 pandemic. The UK government is also planning to expand Heathrow Airport with a new 3,500-foot runway, bringing in more aircraft and thus a greater number of passengers, driving demand for baggage handling systems with an estimated increase in passenger movements per year.

Similarly, airports are installing automated baggage handling systems to ease the pressure on airport ground support personnel, helping airports, airlines, and ground handlers achieve passenger satisfaction. Most airports in Europe and Asia have already installed automated baggage handling systems. On this note, in January 2022, Delhi International Airport Limited (DIAL) announced that it had instaleeng an integrated cart system (ICS) at Terminal 1 of the Delhi Airport for baggage handling that has high speed, high capacity, and more reliability. The planned investments in passenger and baggage handling systems are expected to propel the growth of this segment in the future.

Smart Airport Market: Global Air Passenger Traffic (In Billion), 2018-2022

The Asia-Pacific Region is Expected to Witness the Highest Growth During the Forecast Period

The Asia-Pacific region would experience significant growth due to robust investments in constructing new airports and expanding existing airports. Over the past few years, there has been a rapid increase in passenger traffic handled by airports in countries like China, India, Japan, and South Korea, among others. Due to this, the government and airport authorities in the region have announced significant investments in the construction and expansion of airports. For instance, in April 2022, the Ministry of Land, Infrastructure, and Transport of South Korea announced its plans to invest KRW 13.7 trillion (USD 10.97 billion) in constructing a new airport on Gadeok Island. The airport is expected to be an offshore airport (built on a floating structure at sea) and will cater to the growing air traffic demand in the country's southeast region. Similarly, in February 2022, Adani Airport Holdings, a subsidiary of the Adani Group and the Airports Authority of India, was constructing an airport in Navi Mumbai, Maharashtra, India, for USD 2.3 billion. The new airport would be one of the world's few "greenfield" international state-of-the-art airports, contributing world-class facilities. It will have the capacity to handle 60 million passengers a year by 2030 when it reaches full capacity.

Furthermore, to efficiently operate the airports and provide uninterrupted services to the passengers, the regional airports have also integrated smart airport solutions. In this regard, in January 2022, Delhi International Airport Limited (DIAL) announced that it has been installing an integrated cart system (ICS) at Terminal 1 of the Delhi Airport for baggage handling that has high speed, high capacity, and more reliability. The planned investments in passenger and baggage handling systems are expected to propel the growth of this segment in the future. Such modernization of airport infrastructure with smart airport solutions is expected to accelerate market growth in this region during the forecast period.

Smart Airport Market - Growth Rate by Region (2023 - 2028)

Smart Airport Industry Overview

The market for smart airports is highly fragmented, with many players providing advanced smart technology solutions. Some major players in the smart airport market are Raytheon Technologies Corporation, SITA, Honeywell International Inc., Siemens AG, and Cisco Systems, Inc. Post-pandemic, companies partnered with various airlines, governments, and airport authorities worldwide to provide advanced technology solutions.

For instance, in June 2022, Air Liquide and Groupe ADP announced their ambitious partnership to create the first joint venture to facilitate the development of smart hydrogen infrastructure at airports. This partnership will provide the airports in France with engineering services in the transition toward smart and sustainable hydrogen systems that are expected to be commercialized by 2035. The Nice airport in France announced a partnership with Easier to develop contactless check-in systems to be installed in airports in December 2021.

These new systems will be installed in the airport terminal to be tested for operational capabilities. They will be used further to enable a good customer experience for those traveling through this airport. The development of such products that promote contactless processing in airports is expected to help companies increase their geographic presence in the future.

Smart Airport Market Leaders

  1. Siemens AG

  2. SITA

  3. Raytheon Technologies Corporation

  4. Honeywell International, Inc.

  5. Cisco Systems, Inc.

*Disclaimer: Major Players sorted in no particular order

Smart Airport Market Concentration
bookmark Need More Details on Market Players and Competitors?
Download PDF

Smart Airport Market News

  • In February 2023, the Aviation Security Service (AvSec) of New Zealand awarded a contract to Smiths Detection, a leader in threat detection and security inspection technologies, to provide cutting-edge checkpoint security technology for its five main international airports: Auckland, Christchurch, Dunedin, Queenstown, and Wellington.
  • In June 2022, Fiumicino Airport in Italy announced the development of a virtuous baggage handling system that includes baggage sorting systems and hold baggage systems (HBS) for X-ray control of 100% of the baggage on departure.
  • In June 2022, Société Internationale de Télécommunications Aéronautiques (SITA) announced its partnership with Alstef Group to launch Swift Drop, a new self-bag drop solution. This is expected to significantly reduce passengers' time to check bags at the airports. Mexico City's brand-new Felipe Ángeles International Airport opened in late March and has become the first airport globally to install 20 Swift Drop units.

Smart Airport Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Buyers/Consumers

      2. 4.4.2 Bargaining Power of Suppliers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION (Market Size and Forecast by Value - USD billion)

    1. 5.1 By Technology

      1. 5.1.1 Security Systems

      2. 5.1.2 Communication Systems

      3. 5.1.3 Air and Ground Traffic Control

      4. 5.1.4 Passenger, Cargo & Baggage Ground Handling

    2. 5.2 By Airport Operation

      1. 5.2.1 Landside

      2. 5.2.2 Airside

      3. 5.2.3 Terminal Side

    3. 5.3 By Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

      2. 5.3.2 Europe

        1. 5.3.2.1 United Kingdom

        2. 5.3.2.2 France

        3. 5.3.2.3 Germany

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 India

        3. 5.3.3.3 Japan

        4. 5.3.3.4 South Korea

        5. 5.3.3.5 Rest of Asia-Pacific

      4. 5.3.4 Latin America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Rest of Latin America

      5. 5.3.5 Middle East and Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 United Arab Emirates

        3. 5.3.5.3 South Africa

        4. 5.3.5.4 Nigeria

        5. 5.3.5.5 Rest of Middle East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles

      1. 6.2.1 Honeywell International Inc.

      2. 6.2.2 Cisco Systems, Inc.

      3. 6.2.3 Amadeus IT Group SA

      4. 6.2.4 Siemens AG

      5. 6.2.5 T-Systems International GmbH

      6. 6.2.6 THALES

      7. 6.2.7 SITA

      8. 6.2.8 Raytheon Technologies Corporation

      9. 6.2.9 NATS Holdings Limited

      10. 6.2.10 Sabre GLBL Inc.

      11. 6.2.11 IBM Corporation

      12. 6.2.12 L3Harris Technologies, Inc.

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

bookmark You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

Smart Airport Industry Segmentation

A smart airport or intelligent infrastructure is a concept that has been developed based on the idea of the future smart city, smart building, and smart factory. The infrastructure for smart airports includes communication systems, cargo & baggage handling, ground handling, security systems, vehicle parking solutions, air traffic management, aircraft hangars, aircraft parking, and the area falling within the airport. The other operations in the terminal side segment include passenger and staff notification systems, information display systems, lighting systems, and announcement systems.

The market is segmented based on technology, airport operations, and geography. Based on technology, the market is segmented into security systems, communication systems, air and ground traffic control, and passenger, cargo & baggage ground handling. By airport operation, the market is segmented into the landside, airside, and terminal side. By geography, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. The report also covers the market size and forecasts for the market in major countries across different regions. The market sizing and forecasts have been provided in value (USD billion).

By Technology
Security Systems
Communication Systems
Air and Ground Traffic Control
Passenger, Cargo & Baggage Ground Handling
By Airport Operation
Landside
Airside
Terminal Side
By Geography
North America
United States
Canada
Europe
United Kingdom
France
Germany
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Rest of Latin America
Middle East and Africa
Saudi Arabia
United Arab Emirates
South Africa
Nigeria
Rest of Middle East and Africa
customize-icon Need A Different Region Or Segment?
Customize Now

Smart Airport Market Research FAQs

The Smart Airport Market size is expected to reach USD 1.89 billion in 2024 and grow at a CAGR of 13.63% to reach USD 3.58 billion by 2029.

In 2024, the Smart Airport Market size is expected to reach USD 1.89 billion.

Siemens AG, SITA, Raytheon Technologies Corporation, Honeywell International, Inc. and Cisco Systems, Inc. are the major companies operating in the Smart Airport Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Smart Airport Market.

In 2023, the Smart Airport Market size was estimated at USD 1.66 billion. The report covers the Smart Airport Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Smart Airport Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Smart Airport Industry Report

Statistics for the 2024 Smart Airport market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Smart Airport analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

close-icon
80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!

Smart Airport Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)