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Global Smart Airport 4.0 Market Size study & Forecast, by Operation, by Application by Size by End Market and Regional Analysis, 2022-2029

Global Smart Airport 4.0 Market Size study & Forecast, by...

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Global Smart Airport 4.0 Market Size study & Forecast, by Operation, by Application by Size by End Market and Regional Analysis, 2022-2029
Global Smart Airport 4.0 Market...
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Global Smart Airport 4.0 Market is valued approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. Smart Airport 4.0 focuses on the connectivity and real-time information by connecting all stakeholders through an integrated digital ecosystem. Smart airports work on real time data driven insights collected with the application of big data and Internet of Things (IoT)-based systems and equipment. Moreover, Airport 4.0, enables airports to conduct paperless operations, thus enhance their operational and situational awareness, and contributes towards reducing the operational costs. The increasing air traffic passengers worldwide and growing penetration of IoT technologies are key factors driving the market growth.

The increase in global air passenger traffic in post covid era due to rise in touristic activities is contributing towards the growth of the Global Smart Airport 4.0 market. For instance - as per International Air Transport Association (IATA) - as of September 2022 period - Asia-Pacific airlines witnessed a 464.8% rise in September 2022 passenger traffic compared to September 2021 period, witnessing for highest growth among the all the major regions. Additionally, for European carriers September traffic climbed 78.3% from September 2021 period. Furthermore, Capacity increased 43.8%, and load factor increased by 16.3 percentage points to 84.1%. Also, surge in usage of smart applications at airside operations and increasing investment in greenfield airports would create lucrative growth prospectus for the market over the forecast period. However, the high deployment cost associated with IoT & AI solutions stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Smart Airport 4.0 Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the presence of leading aviation IoT and AI solutions providers and increasing digitization across the airports in the region. Whereas Asia Pacific is expected to grow with a highest CAGR during the forecast period, owing to factors such as rising investment in development of green field airports and advancements of existence airport infrastructure and rising penetration pf leading market players in the region.

Major market player included in this report are:
Collins Aerospace
IBM Corporation
Huawei Technologies Co. Ltd.
Cisco Systems Inc.
Sabre Corp.
Amadeus IT Group SA
Honeywell International Inc.
Siemens AG
Thales Group
Indra Sistemas S.A.
Recent Developments in the Market:
In September 2022, Malaysia Airports announced a strategic partnership with Maxis to co-develop a digital transformation roadmap for Smart Airport operations. This strategic Partnership is part of Malaysia Airports - Airports 4.0 digitisation initiatives. Moreover, under this partnership Maxis would be working as the single telco operator to manage company's connectivity services. Maxis will be managing the WiFi and 5G-related network services and solutions at both terminals of the nation's flagship airport, KL International Airport (KLIA).
Global Smart Airport 4.0 Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Operation, Application, Size, End Market, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.

By Operation:
By Application:
Air Traffic Maintenance
Aircraft Maintenance
Passenger Screening
By Size:
By End Market:
Upgrade & Services
By Region:
North America
Asia Pacific
South Korea
Latin America
Rest of the World


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