Airports nowadays have become extensively smart and have been developed based on the idea of future smart cities, smart buildings, and smart factories. The infrastructure for smart airports consists of cargo and baggage handling, vehicle parking solutions, communication systems, ground handling, security systems, air traffic management, aircraft hangars, aircraft parking, and the area falling within the airport. The advancements in technology have resulted in the growth of smart airports resulting in personalized customer experiences. Moreover, the rising spending on transforming airports into smart airports and IT is one of the key factors driving the growth of the airport market. Further, an increase in the demand for quick check-ins and convenient boarding facilities offered by these airfields results in saving passengers' time and money, which also contributes to the airport market's growth. On the other hand, the dearth of regulations and common standards for blockchain technology is a factor likely to impede the airport market growth. The Airport Market is estimated to grow at the rate of 19.9% CAGR by 2027.    

Research Methodology:

The airports market has been analyzed by utilizing the optimum combination of secondary sources and in-house methodology and a unique balance of primary insights. The real-time valuation of the market is an integral part of our forecasting and market sizing methodology. Industry experts and our primary participants have helped to compile related aspects with accurate parametric estimations for a complete study. The primary participants share is given below:

Airport Market based on Technology Type

• Security systems
• Communication systems
• Passenger, cargo & baggage handling control
• Air/ground traffic control
• Endpoint Devices
• Others

Airport Market based on Solution Application

• Aeronautical operations
• Non-Aeronautical operations

Airport Market based on Location

• Airside
• Terminal side
• Land Side

Airport Market based on Geography

• North America
• Europe
• Asia Pacific
• Rest of the World

Based on the technology type, the passenger, cargo & baggage handling segment is projected to have the maximum share in the airport market growth. This is due to the drastic growth of passenger traffic, which has given rise to the pressure on the airport operators to enhance their passenger handling capacity and integrate digital solutions to control passenger flow, cargo, and baggage handling abilities at the airports. Furthermore, the planned investments of passenger and baggage handling systems are expected to propel the growth of this segment in the coming years.

Based on the solution application, the non-aero aeronautical operations application is projected to possess significant growth. The growth is attributed to the services such as restaurants, advertising, retail outlets, smart parking, Wi-Fi, lounge access, and personalized services. Additionally, airports worldwide have now begun to diversify their income and investing heavily to include non-aeronautical operations, such as providing lounges, duty-free shops, parking facilities, boarding facilities, conference rooms, and lodging facilities.

Further, based on the location, the terminal side segment held the leading share in the airport market growth. Travel concierges provide details of the flight on smartphones or at airport kiosks. The segment includes devices that render location services and alerts for directing customers to their terminals and gates with customized retail and hospitality offerings.

According to geography, the North American region is accounted for the highest share in the airport market. The drastic developments at smart airports in the U.S. are supported by several factors, such as the introduction of RFID/NFC-based baggage tracking systems and smart security gates coupled with the increasing requirement for real-time information are the factors contributing to the market growth in the region.

Facial and voice recognition technologies have been introduced for check-ins, passenger identity, and availing boarding passes. Further, a surge in demand for smart passenger screening solutions is projected to increase post-COVID-19 pandemic in the long term, as airports will attempt to maintain vigilance levels. Such adoption of smart and integrated systems in airports across the world is projected to drive the growth of the global airport market.

The few prominent vendors of the airport market are Amadeus IT Group SA, Huawei Technologies Co., Ltd, T-Systems International GmBH, Honeywell International Inc., Indra Sistemas S.A., SABRE GLBL Inc., SITA, CiscSystem, Inc, Thales Group, and Collins Aerospace.

Henceforth, airport operations and business models have evolved substantially over the last two decades to convey the drastic increase in the global airline industry. Further increasing focus on further innovation and efforts to price decrease coupled with the production of various benefits for passengers in terms of rising choice and value have evolved the airports as smart airports.

• This report gives comprehensive details of the attributes influencing the market growth, such as drivers, restraints, challenges, and opportunities.
• This report elucidates the market segmentation in terms of technology type, solution application, location, and geography.
• This report depicts the profiles of the significant competitors of the airport market coupled with their dynamic business strategies.
• This report also depicts the growth of the market in the regions such as North America, Europe, Asia Pacific, and Rest of the World.

1. Executive Summary
2. Industry Outlook
   1. Industry Overview
   2. Industry Trends
3. Market Snapshot
   1. Market Definition
   2. Market Outlook
      1. Porter Five Forces
   3. Related Markets
4. Market characteristics
   1. Market Overview
   2. Market Segmentation
   3. Market Dynamics
      1. Drivers
      2. Restraints
      3. Opportunities
   4. DRO - Impact Analysis
5. Technology Type: Market Size & Analysis
   1. Overview
   2. Security systems
   3. Communication systems
   4. Passenger, cargo & baggage handling control
   5. Air/ground traffic control
   6. Endpoint Devices
   7. Others
6. Solution Application: Market Size & Analysis
   1. Overview
   2. Aeronautical operations
   3. Non-Aeronautical operations
7. Location: Market Size & Analysis
   1. Overview
   2. Airside
   3. Terminal side
   4. Land Side
8. Geography: Market Size & Analysis
   1. Overview
   2. North America
   3. Europe
   4. Asia Pacific
   5. Rest of the World
9. Competitive Landscape
   1. Competitor Comparison Analysis
   2. Market Developments
      1. Mergers and Acquisitions, Legal, Awards, Partnerships
      2. Product Launches and execution
10. Vendor Profiles
    1. Amadeus IT Group SA
       1. Overview
       2. Financial Overview
       3. Product Offerings
       4. Developments
       5. Business Strategy
    2. Huawei Technologies Co., Ltd
       1. Overview
       2. Financial Overview
       3. Product Offerings
       4. Developments
       5. Business Strategy
    3. T-Systems International GmBH
       1. Overview
       2. Financial Overview
       3. Product Offerings
       4. Developments
       5. Business Strategy
    4. Honeywell International Inc.
       1. Overview
       2. Financial Overview
       3. Product Offerings
       4. Developments
       5. Business Strategy
    5. Indra Sistemas S.A.
       1. Overview
       2. Financial Overview
       3. Product Offerings
       4. Developments
       5. Business Strategy
    6. SABRE GLBL Inc.
       1. Overview
       2. Financial Overview
       3. Product Offerings
       4. Developments
       5. Business Strategy
    7. SITA
       1. Overview
       2. Financial Overview
       3. Product Offerings
       4. Developments
       5. Business Strategy
    8. CiscSystem, Inc
       1. Overview
       2. Financial Overview
       3. Product Offerings
       4. Developments
       5. Business Strategy
    9. Thales Group
       1. Overview
       2. Financial Overview
       3. Product Offerings
       4. Developments
       5. Business Strategy
    10. Collins Aerospace
        1. Overview
        2. Financial Overview
        3. Product Offerings
        4. Developments
        5. Business Strategy
11. Analyst Opinion
12. Annexure
    1. Report Scope
    2. Market Definitions
    3. Research Methodology
       1. Data Collation and In-house Estimation
       2. Market Triangulation
       3. Forecasting
    4. Report Assumptions
    5. Declarations
    6. Stakeholders
    7. Abbreviations