Smart Airports Market size was estimated at USD 10.09 billion in 2016 and is anticipated to reach USD 25.09 billion by 2025, with a CAGR of 10.7%. Initially, traveling by air was an expensive business and was predominantly used by executive class business professionals, political leaders, and high-income earners to travel to places. Only a few companies provided facilities for air transport owing to the moderately smaller passenger traffic. The major factor responsible for the expansion of the aviation industry is considered to be the high rate of globalization.
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Market Synopsis of Smart Airports Market:
The global aviation industry
transformed eventually giving rise to a new aviation era of smart airports.
Greater than before air passenger traffic and rising demand for air travel are
the two foremost causes for the revolution in airports all over the world. In
the present scenario, the airports are considered to be service providers
offering new facilities as opposed to the earlier times when they were known to
be infrastructure providers.
A smart airport system
encompasses components, solutions, services and devices which optimize and
powers the utilization of airways infrastructure for implementing advanced
functions. It comprises of various components such as freight operations
information systems, operations, check in and baggage management, communications,
airways analytics, passenger information and reservation systems, air traffic
management, IP-based security monitoring, and ticketing.
The global smart airports market
is evolving as the next big thing of the air travel industry chiefly to support
endways communication & exchange of information and combined decision
making among all shareholders including passengers, aviation operators, airport
authorities, and airports.
Advanced functionalities of the
global smart airports over old-style airports are fueling sturdy market
acceptance such as improved operational competence through on-demand resource
utilization, shared services, real time trouble management & operational
forecasting, smaller queue lengths, crowding management, digital navigation,
efficient water, emissions, waste & energy management, profits generation
by mobile based targeted selling & advertising strategies, capacity
utilization & planning, service delivery automation, better customer’s
travel experience by self-service amenities, service innovations, event
notifications, and more effective and smarter security.
The global smart airports market
is majorly driven due to the growing demand for revolutionizing airports by
converting business intelligence into a facility of innovative software
solutions related to airports. A growth in the global smart airports market is
projected on account of greater than before investments in research &
development. The market has witnessed a strong growth rate in the recent past
owing to the surge in passenger and air traffic, in both developing as well as
developed nations.
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Table of Contents:-
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Smart Airports: Market
Variables, Trends & Scope
Chapter 4 Smart Airports: Product
Estimates & Trend Analysis
Chapter 5 Smart Airports:
Application Estimates & Trend Analysis
Chapter 6 Smart Airports: End-use
Estimates & Trend Analysis
Chapter 7 Smart Airports:
Industrial End-use Estimates & Trend Analysis
Chapter 8 Smart Airports:
Regional Estimates & Trend Analysis
Chapter 9 Competitive Landscape
Chapter 10 Smart Airports:
Manufacturers Company Profiles
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