MAR 2019

Smart Airport Market - Growth, Trends, and Forecast (2019 - 2024)

The market is segmented by Technology (Security System; Communication Systems; Air/Ground Traffic Control; Passenger, Cargo & Baggage Control, and Ground Handling), Landside (Advanced Vehicle Parking Solutions, Smart Marketing Techniques, Security), Airside (Air Traffic Management, Aircraft Maintenance, Aircraft Parking), Terminal Side (Baggage Handling, Check - in Systems, Other Operations), Application (Aeronautical Operations, Non – Aeronautical Operations), and Geography.

Market Snapshot

1
Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

Europe

Largest Market:

Asia Pacific

Key Players:

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Market Overview

The smart airport market is estimated to grow at a CAGR of 3.48% during the forecast period 2019-2024.

  • Advanced technologies and innovations in the field of IT, electronics & control systems, mechanical systems, robotics, and analytics are the major driving factors of smart airports. Apart from advanced technologies, an increase in air passenger traffic is strongly compelling airport authorities to opt for smart airport technologies. These factors will continue to drive the demand for smart airport with end-to-end tracking of information during the journey, biometric technologies, digital passports, and immigration checks are some of the technologies that airports are considering to adopt in the near future, which is expected to help the market in the near future.
  • The introduction of new technology, such as smart glass for blind passengers and the introduction of biometrics for passengers in general, shall lead to enhanced customer experience, in the years to come.  
  • The increasing adoption of biometric equipment is expected to provide growth opportunities for the market in the years to come.

Scope of the Report

Smart Airport or intelligent infrastructure is a concept which has been developed based on the idea of a smart city, smart building and the factory of the future. The infrastructure for smart airport includes communication systems, cargo and 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 system, information display system, lighting system, and announcement system.

Technology
Security System
Communication Systems
Air and Ground Traffic Control
Passenger, Cargo & Baggage, and Ground Handling
Landside
Advanced Vehicle Parking Solutions
Smart Marketing Techniques
Security
Airside
Air Traffic Management
Aircraft Maintenance
Aircraft Parking
Terminal Side
Baggage Handling
Check-in Systems
Other Operations
Application
Aeronautical Operations
Gate Management
Noise Management
Non-Aeronautical Operations
Supply Chain Management
Advanced Transport Services
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Spain
United Kingdom
France
Germany
Russia
Rest of Europe
Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
South America
Chile
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
Egypt
UAE
Rest of Middle East & Africa

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Key Market Trends

Noise Management Segment Projected to Grow at a Rapid Pace

Currently, noise management segment has the highest share out of all the segments. Landing and take-off of an aircraft generate noise and even though new-generation aircraft are quieter, major airports run specialized noise management programs to reduce and offset the noise created by their routine operations. Several major airports are installing noise monitoring devices to monitor the noise levels due to the aircraft. For instance, at Toronto Pearson Airport, Noise Management Action Plan is reviewed every five years and corrective measures are adopted depending on the requirement. Earlier in December 2017, the airport announced its Noise Management Action Plan for 2018-2022. Thus, the focus is currently on this segment, which is the reason for its expected high CAGR.

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Asia-Pacific Expected to Register the Highest Growth

In smart airport market, regionally, North America is generating the highest revenue at present. But the growth of the Asia-Pacific region is expected to be more during the forecast period. China has one of the fastest growing air passenger traffic, with a 35% increment in the number of passengers, over the past five years and comes second after the United States in terms of the total number of passengers carried. Additionally, the Indian private jet industry is booming and has already witnessed various aircraft entering the market, over the past decade. According to the International Air transport Authority (IATA), India is the ninth largest, in terms of aviation industry ranking.

Sydney Airport is preparing to try a facial recognition system designed to let travelers pass through check-in, baggage deposit, border and security screening, and boarding, after one initial passport presentation. This has led to a growth in the development of smart airports in the Asia - Pacific region and has a positive impact on the growth of the market.

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Competitive Landscape

The smart airport market is highly fragmented, with only a handful of players controlling the market. SITA is one of the leading players in the smart airport market, alongside Honeywell. Both the companies have been occupying leading positions in the market for a long time. IBM, Amadeus, Honeywell and Raytheon form the major players in the market. Mergers and Acquisitions that happened between the players in the recent past helped the companies to strengthen their market presence. For example, in 2016, Sabre Corporation announced the successful acquisition of Airpas Aviation, which is a leading provider of cost management and real-time route profitability solutions for the commercial airline industry.

Major Players

  1. Siemens AG
  2. SITA
  3. IBM
  4. Amadeus
  5. Honeywell International Inc.

* Complete list of players covered available in the table of contents below

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Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 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 Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Technology

      1. 5.1.1 Security System

      2. 5.1.2 Communication Systems

      3. 5.1.3 Air and Ground Traffic Control

      4. 5.1.4 Passenger, Cargo & Baggage, and Ground Handling

    2. 5.2 Landside

      1. 5.2.1 Advanced Vehicle Parking Solutions

      2. 5.2.2 Smart Marketing Techniques

      3. 5.2.3 Security

    3. 5.3 Airside

      1. 5.3.1 Air Traffic Management

      2. 5.3.2 Aircraft Maintenance

      3. 5.3.3 Aircraft Parking

    4. 5.4 Terminal Side

      1. 5.4.1 Baggage Handling

      2. 5.4.2 Check-in Systems

      3. 5.4.3 Other Operations

    5. 5.5 Application

      1. 5.5.1 Aeronautical Operations

        1. 5.5.1.1 Gate Management

        2. 5.5.1.2 Noise Management

      2. 5.5.2 Non-Aeronautical Operations

        1. 5.5.2.1 Supply Chain Management

        2. 5.5.2.2 Advanced Transport Services

    6. 5.6 Geography

      1. 5.6.1 North America

        1. 5.6.1.1 United States

        2. 5.6.1.2 Canada

        3. 5.6.1.3 Mexico

        4. 5.6.1.4 Rest of North America

      2. 5.6.2 Europe

        1. 5.6.2.1 Spain

        2. 5.6.2.2 United Kingdom

        3. 5.6.2.3 France

        4. 5.6.2.4 Germany

        5. 5.6.2.5 Russia

        6. 5.6.2.6 Rest of Europe

      3. 5.6.3 Asia-Pacific

        1. 5.6.3.1 China

        2. 5.6.3.2 India

        3. 5.6.3.3 Japan

        4. 5.6.3.4 Australia

        5. 5.6.3.5 Rest of Asia-Pacific

      4. 5.6.4 South America

        1. 5.6.4.1 Chile

        2. 5.6.4.2 Brazil

        3. 5.6.4.3 Argentina

        4. 5.6.4.4 Rest of South America

      5. 5.6.5 Middle East & Africa

        1. 5.6.5.1 Saudi Arabia

        2. 5.6.5.2 Egypt

        3. 5.6.5.3 UAE

        4. 5.6.5.4 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Vendor Market Share

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Honeywell international Inc.

      2. 6.4.2 Cisco Systems Inc.

      3. 6.4.3 Amadeus IT Group

      4. 6.4.4 Siemens AG

      5. 6.4.5 T-Systems international GmbH

      6. 6.4.6 Thales SA

      7. 6.4.7 SITA

      8. 6.4.8 Rockwell Collins Inc.

      9. 6.4.9 Raytheon Company

      10. 6.4.10 Sabre Corp

      11. 6.4.11 IBM

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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