The solutions collectively being devised by airline operators, technology leaders, and airport authorities to create a hassle-free experience for travelers have given birth to a successful smart airports market.
The smart airports market hosts a wide range of solutions that are aimed towards creating a simplified and safe environment for passengers and workers at airports by using technology. In recent years, the proliferating usage of mobile devices and unstoppable penetration of enhanced internet connectivity have been the strong undercurrents driving the global smart airports market.
Security Systems Rank Among Most Popular Infrastructure Products
The global smart airports market has been segmented on the basis of infrastructure, solution, application, services, and geography. On the basis of infrastructure, the global smart airports market is segmented into communication systems, endpoint devices, passenger, cargo, and baggage ground handling control, air/ground traffic control, security systems, and others.
The security systems sub-segment, which is an important part infrastructure segment held a dominant share in the overall market in 2015. This share was attributable to the increasing government initiatives to secure airports in the wake of rising number of terrorist attacks. The security systems at smart airports include biometrics, e-fence and ground surveillance radar, e-tag system, and alerts and cyber security.
Terminal Side Solutions to Surpass Success of Landside Segment
The solutions offered by smart airports market are for the terminal side, airside, and landside. The popularly used solutions driving the smart airports market are from the landside segment. Therefore, this solution segment held the largest share in 2015.
However, the tables are poised to turn as analysts predict that terminal side solutions segment will grow at a rapid pace in the forecast period as airport authorities are focusing on management solutions, lifecycle services, and digital video. The terminal side solution segment also includes HVAC, lighting control, energy management, and building management and automation systems.
Core Applications Remain at the Heart of Smart Airports Market
The applications of these solutions are seen in core applications and business applications. The smart airport services are smart transport and parking services, smart retail, hospitality, and entertainment services, smart workplace services, smart business-to-business services, and smart airport processes.
The core application segment has been leading the market due to the growing usage of mobile devices to get regular updates such as baggage status, flight status, check in, and other information. To ensure smooth mobile operations, airport authorities and airline operators are making heavy investments in developing and maintaining core applications. Analysts predict that the core application segment will continue to dominate the overall market due to an increasing demand for managing and sharing real-time data with accuracy to the users of smart airports.
Browse Full Global Smart Airports Market Report with TOC:http://www.mrrse.com/smart-airports
The important players in the smart airports market are Honeywell, SITA, Cisco, Siemens AG, QinetiQ, Raytheon, IBM Corporation, and Amadeus IT Group. The study suggests that SITA and Honeywell are leading the vendors in the global market. Considering the political and economic factors impacting the overall economy, the global smart airports market is expected to reach US$19.33 bn by 2024 from US$7.56 bn in 2015, surging at a CAGR of 10.8% between 2016 and 2024.