Global Smart Airport Industry was valued at USD 11.65 Billion in the year 2017. Global Smart Airport Industry is further estimated to grow at a CAGR of 7.10% from 2019 to reach USD 20.19 Billion by the year 2025. Asia-Pacific region holds the highest Industry share in 2017 and Asia-Pacific Industry is considered as the fastest growing Industry in the forecast period. At a country level, China, Japan, India are projected to grow strongly in the coming years.
Major market players in Smart Airport Industry are Cisco Systems Inc., Siemens AG, Honeywell International Inc., IBM Corporation, Thales Group, Rockwell Collins Inc., Indra Siestma S.A., Amadeus IT Group SA, Sabre Corporation, QinetiQ Group Plc, NEC Corporation, and other 10 more companies’ detailed information is provided in research report. Rising research and development expenses to cater changing demand of end users. Similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.
SWOT Analysis of Smart Airport Industry:
Demand in Real-Time Location
Higher Cost and maintenance
Growth in Tourism Industry
Government Regulations and norms.
The major shares of the Industry come from Landside, by platform in Global Smart Airport Industry. On the other hand, Communication systems, by technology for this Industry is expected to grow at highest CAGR during the year 2019-2025.
Smart Airport Industry Segmentation:
• Terminal side
• Air/Ground Traffic Control
• Communication Systems
• The passenger, Cargo, & Baggage Ground Handling Control
• Endpoint Devices
• Security Systems
• Non-Aeronautical Operations
• Aeronautical Operations
• Rest of Europe
• Rest of Asia-Pacific
• Latin America
• Middle East & Africa