Global Smart Airport Market Report 2022

Global Smart Airport Market Report 2022

New York, June 14, 2022 (GLOBE NEWSWIRE) — announces the release of “Smart Airport Global Market Report 2022” –
IBM Corporation, Indra Sistemas SA, ITA, L3Harris Technologies Inc., Raytheon Company, RESA, Rockwell Collins Inc, Lufthansa Systems GmbH & Co. KG., Saber Corporation, Siemens AG, SITA, Thales Group, T-Systems, Vision-Box , Wipro Limited, Zensors, Ascent Technology Inc., Adelte, Amadeus IT Group, Ansul, Cisco System, Deerns Airport System Consultants, FB Technology, Gentrack, and Huawei Investment & Holding Co. Ltd.

The global smart airport market is expected to grow from $6.18 billion in 2021 to $6.9 billion in 2022 at a compound annual growth rate (CAGR) of 11.53%. The market is expected to grow to $12.32 billion in 2026 at a CAGR of 15.61%.

The smart airport market consists of sales of smart airport products and related services by entities (organizations, sole traders, and associations) that develop smart airports. Smart airports use advanced technologies such as smart building management, cyber security, GPS and sensors, Internet of Things (IoT), blockchain, and artificial intelligence (AI).

The main types of smart airport services include smart transportation and parking services, smart retail, hospitality and entertainment services, smart workplace services, smart airport processes, smart business-to-business services. By infrastructure, types of smart airport products include endpoint devices, communication systems, passenger, cargo and baggage ground handling control, air/ground traffic control, security systems, among others.

Smart airport products and services are used in ground, air and terminal locations. They are mainly used in central and commercial applications.

The main end users of the smart airport are the implementation, upgrade and service industries.

North America was the largest region in the smart airport market in 2021. Asia Pacific is expected to be the fastest growing region in the forecast period.

The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Aviation industry companies around the world are focusing on green initiatives to protect the environment. Several airlines are trying to be more sustainable.

According to the International Council on Clean Transportation (ICCT), air travel produces around 3% of global carbon dioxide emissions and is one of the fastest growing sources of greenhouse gases. To reduce greenhouse gas emissions, companies in the aviation market are focusing on taking green initiatives.

For example, in February 2020, Delta Air Lines committed $1 billion to become carbon neutral by 2030. In July 2020, JetBlue became the first and only U.S. airline to voluntarily offset all carbon dioxide emissions for all its domestic flights.

Therefore, the increasing green initiatives of the aviation industry are contributing to the growth of the smart airport market.

Technological advances, such as the use of the Internet of Things (IoT) in aircraft parts and manufacturing procedures, are a key trend in the smart airport market. Companies around the world have started to implement cloud-based platforms to develop a new aircraft, engine, system or component. design.

The cloud platform helps simplify the design process by bringing together suppliers, system integrators, software developers, and other stakeholders within the design and manufacturing ecosystem on one virtual platform. For example, in 2020, Vertical Aerospace, a UK-based aviation industry innovator, used Dassault Systèmes’ 3DExperience platform in the cloud to develop its third all-electric vertical takeoff and landing aircraft.

Vertical Aerospace used the 3DExpereince platform to improve coordination between their design, engineering, test and manufacturing disciplines and provide access to all the engineering documentation they need in the cloud to enable effective work from home.

In December 2021, ADB SAFEGATE acquired DBT Transportation Services LLC. DBT Transportation Services specializes in weather systems, sensor technologies and services primarily for the aviation industry.

ADB SAFEGATE is dedicated to delivering airport performance, offering unmatched capabilities in airport ground movement and visual guidance.

Countries Covered in Smart Airport Market Report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

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