Smart airports market to reach $8.3 billion by 2027

Northbrook, Il (USA)

The smart airports market size is projected to grow from USD 7.0 Billion in 2022 to USD 8.3 Billion by 2027, at a CAGR of 3.5% from 2022 to 2027. The growing demand for advanced smart solutions to cater for the increased demand of air-passenger footfall is set to drive the market, according to research firm Marketsandmarkets.

Main business derived from upgrades

Based on end market use, the information shows that the upgrades and service segment is projected to lead the smart airports market during the forecast period. Existing systems and solutions are being upgraded with advanced technology and solutions to improve the passenger experience and operational efficiency. The market is being driven by the desire for enhanced maintenance and services to ensure their continued operation.

Endpoint devices dominate market share

Based on systems, the endpoint device segment is projected to dominate the market share during the forecast period. To expedite the screening process, airports use dependable endpoint devices like biometrics, RFID, beacons, etc. The customer experience and airport operations have both improved with the deployment of end point devices. Furthermore, improvements in endpoint devices have raised security standards and streamlined airport security checks.

Airside is projected to dominate in applications

Based on application, the airside segment is projected to dominate the market share during the forecast period. Smart operations are frequently used at the airside to improve ground staff management and hasten aircraft turnaround. Thus, over the past few years, there has been a growth in demand for smart airside operations solutions, such as sophisticated aircraft parking solutions and cutting-edge maintenance and health monitoring systems.

Largest geographical share held by Asia Pacific

The smart airports market industry has been studied in North America, Europe, Asia Pacific, and Rest of the World. Asia Pacific accounted for the largest market share in 2022, and North America is projected to witness the highest CAGR during the forecast period. The market for smart airports in the aviation sector is expected to benefit from rising air travel demand. The regions growth in international tourism, and low-cost flights to developing nations like India are the main factors fueling the increase in passenger traffic in the area. The demand for automated procedures such as baggage handling and self-check-in services will rise as the number of passengers rises. According the research, this will support the remarkable rise of smart airports in the Asia-Pacific region, which will support the markets overall expansion.

Key players

Major players cited by the analysts as operating in the smart airports market include Sita, Thales, Siemens AG, Amadeus IT Group, IBM, Cisco Systems, Idra Sistemas, Honeywell International, and L3harris Technologies.


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