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The market is segmented by Technology (Security System, Communication Systems, Air and Ground Traffic Control, Passenger, Cargo and 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.
Fastest Growing Market:
The smart airport market is estimated to register a CAGR of greater than 3.5% during the forecast period (2020 - 2025).
Smart airport or intelligent infrastructure is a concept, which has been developed based on the idea of the future smart city, smart building, and the factory. 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.
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Currently, the noise management segment has the highest share among 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, the 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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In the smart airport market, regionally, North America is generating the highest revenue at present. However, the Asia-Pacific region is expected to record higher growth 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 aviation 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. As the airports in Asia-Pacific region try to adopt advanced technology systems, it will have a positive impact on the growth of the market.
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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 Corporation, Siemens AG, and Amadeus It Group SA are some of the other major players in the market. Mergers and acquisitions between the players, in the recent past, have helped the companies strengthen their market presence. For example, in 2016, Sabre Corporation announced the successful acquisition of Airpas Aviation, a leading provider of cost management and real-time route profitability solutions for the commercial airline industry.
1.1 Study Assumptions
1.2 Scope of Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 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 Security System
5.1.2 Communication Systems
5.1.3 Air and Ground Traffic Control
5.1.4 Passenger, Cargo and Baggage, and Ground Handling
5.2.1 Advanced Vehicle Parking Solutions
5.2.2 Smart Marketing Techniques
5.3.1 Air Traffic Management
5.3.2 Aircraft Maintenance
5.3.3 Aircraft Parking
5.4 Terminal Side
5.4.1 Baggage Handling
5.4.2 Check-in Systems
5.4.3 Other Operations
5.5.1 Aeronautical Operations
184.108.40.206 Gate Management
220.127.116.11 Noise Management
5.5.2 Non-aeronautical Operations
18.104.22.168 Supply Chain Management
22.214.171.124 Advanced Transport Services
5.6.1 North America
126.96.36.199 United States
188.8.131.52 Rest of North America
184.108.40.206 United Kingdom
220.127.116.11 Rest of Europe
18.104.22.168 Rest of Asia-Pacific
5.6.4 South America
22.214.171.124 Rest of South America
5.6.5 Middle-East and Africa
126.96.36.199 Saudi Arabia
188.8.131.52 United Arab Emirates
184.108.40.206 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Honeywell International Inc.
6.2.2 Cisco Systems, Inc.
6.2.3 Amadeus It Group SA
6.2.4 Siemens AG
6.2.5 T-Systems International GmbH
6.2.6 Thales Group
6.2.8 Collins Aerospace (United Technologies Corporation)
6.2.9 NATS Limited
6.2.10 Sabre Corp
6.2.11 IBM Corporation
6.2.12 L3Harris Security & Detection Systems
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject to Availability