Advanced Airport Technologies Market Size (2024 - 2029)

The advanced airport technologies market is experiencing growth, driven by the need for more efficient and less intrusive security measures and the adoption of innovative technologies to enhance passenger experience. Despite challenges posed by the COVID-19 pandemic, which impacted revenues, airport operators are expected to increase investments in technology as passenger traffic recovers. The privatization of airports has further contributed to the market's expansion, as operators strive to offer superior facilities and systems to maintain a competitive edge.

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Market Size of Advanced Airport Technologies Industry

Advanced Airport Technologies Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 4.00 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Low

Major Players

Advanced Airport Technologies Market Major Players

*Disclaimer: Major Players sorted in no particular order

Advanced Airport Technologies Market Analysis

The advanced airport technologies market is expected to register a CAGR of over 4% during the forecast period.

  • The COVID-19 outbreak preceded one of the major challenges to the sustainability of the air travel industry at the worldwide level. Despite the decrease in revenues of airport operators due to the impact of the pandemic, the authorities continued to invent advanced airport technologies. With passenger traffic projected to witness a gradual recovery, airport operators were expected to increase their investments in airport technologies in the coming years.
  • Airports are now recognizing the need to move toward more efficient and less intrusive security to help them reduce the high cost of security implementation and to provide a hassle-free experience to travelers.
  • The rise in the number of passengers has caused problems for the airports in dealing with the arising passenger problems. Service disruptions, long check-in lines, and baggage issues are the three main areas of passenger discomfort. To tackle these challenges and improve the experience of the customer, airports worldwide have adopted newer technologies, such as self-check-in kiosks and face recognition systems, that are helping the airports revolutionize the check-in process.
  • The privatization of airports has helped the market, as airport operators are providing world-class facilities and systems to gain a competitive advantage over others.

Advanced Airport Technologies Industry Segmentation

Advanced airport technologies refer to cutting-edge innovations and systems designed to enhance efficiency, safety, and passenger experience at airports. These technologies may include biometric authentication, autonomous vehicles, smart baggage handling, AI-powered security screening, and advanced air traffic management solutions, revolutionizing the way airports operate and deliver services.

The advanced airport technologies market is segmented by type and by geography. By type, the market is segmented into airport communications, airport management software, car parking systems, passenger, baggage, and cargo handling control systems, airport digital signage systems, and landing aids, guidance, and lighting. By geography, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle-East and Africa.

The report offers market size and forecasts for all the above segments in value (USD)

Type
Airport Communications
Airport Management Software
Car Parking Systems
Passenger, Baggage, and Cargo Handling Control Systems
Airport Digital Signage Systems
Landing Aids, Guidance, and Lighting
Geography
North America
United States
Canada
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
United Arab Emirates
Saudi Arabia
South Africa
Egypt
Rest of Middle East & Africa
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Advanced Airport Technologies Market Size Summary

The advanced airport technologies market is poised for steady growth, driven by the need for enhanced efficiency and security in airport operations. Despite the challenges posed by the COVID-19 pandemic, which initially led to a decline in revenues for airport operators, there has been a continued focus on innovation and technology adoption. Airports are increasingly investing in advanced technologies to streamline operations and improve passenger experiences, addressing issues such as long check-in lines and baggage handling. The privatization of airports has further fueled this market, as operators strive to offer world-class facilities and gain a competitive edge. Key segments like passenger, baggage, and cargo handling systems dominate the market, while digital signage systems are expected to see significant growth as airports modernize and automate their processes.

The Asia-Pacific region is anticipated to experience the highest demand for advanced airport technologies, driven by substantial investments in airport infrastructure and modernization efforts in countries like China and India. The region's focus on enhancing security measures in response to potential threats has led to the adoption of innovative technologies, such as autonomous security robots. Prominent players in the market, including Hitachi Ltd, Honeywell International Inc., and Thales Group, are actively developing and deploying new technologies to meet evolving industry demands. The market remains fragmented, with numerous players contributing to the development of advanced airport systems. Ongoing investments and partnerships are expected to further propel the market's growth, as airports continue to prioritize safety, efficiency, and passenger satisfaction.

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Advanced Airport Technologies Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 Airport Communications

      2. 2.1.2 Airport Management Software

      3. 2.1.3 Car Parking Systems

      4. 2.1.4 Passenger, Baggage, and Cargo Handling Control Systems

      5. 2.1.5 Airport Digital Signage Systems

      6. 2.1.6 Landing Aids, Guidance, and Lighting

    2. 2.2 Geography

      1. 2.2.1 North America

        1. 2.2.1.1 United States

        2. 2.2.1.2 Canada

      2. 2.2.2 Europe

        1. 2.2.2.1 Germany

        2. 2.2.2.2 United Kingdom

        3. 2.2.2.3 France

        4. 2.2.2.4 Italy

        5. 2.2.2.5 Rest of Europe

      3. 2.2.3 Asia-Pacific

        1. 2.2.3.1 China

        2. 2.2.3.2 Japan

        3. 2.2.3.3 India

        4. 2.2.3.4 South Korea

        5. 2.2.3.5 Rest of Asia-Pacific

      4. 2.2.4 Latin America

        1. 2.2.4.1 Brazil

        2. 2.2.4.2 Mexico

        3. 2.2.4.3 Rest of Latin America

      5. 2.2.5 Middle East & Africa

        1. 2.2.5.1 United Arab Emirates

        2. 2.2.5.2 Saudi Arabia

        3. 2.2.5.3 South Africa

        4. 2.2.5.4 Egypt

        5. 2.2.5.5 Rest of Middle East & Africa

Advanced Airport Technologies Market Size FAQs

The Advanced Airport Technologies Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)

Hitachi Ltd, Honeywell International Inc., Smiths Detection Group Ltd., Leidos Holdings Inc and Thales Group are the major companies operating in the Advanced Airport Technologies Market.

Advanced Airport Technologies Market Report Snapshots

Advanced Airport Technologies Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)