Smart Airports Market is Expected to Reach 18.62 Billion by 2025 growing at a CAGR 5.91%

Publish Date : 2019-02-11

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The report “Smart Airports Market”, issued by Crystal Market Research, the market has come across substantial expansion in the recent years and is projected to grow extensively over the forecast period.

Smart Airports Industry Outlook and Trend Analysis:

The Smart Airport is an idea that is characterizing new advancements in issues of traveler's services, conservative cargo medium, by consideringthe air travelsecurity and safety components. The primary matters are the checkpoints, info points, internal communications, and infrastructureand control system for passengers-luggage-cargo of the air terminals and furthermore smart associations with the advancements that is comparative with the concept of smart city. The global Smart Airports Market is anticipated to reach to USD 18.62 Billion by 2025 growing at a CAGR 5.91%.

Smart Airports Market – 2019 – Competitive Insights:

  • QinetiQ Group Plc.
  • Amadeus IT Group S.A.
  • T-Systems International GmbH
  • Cisco Systems Inc.
  • Thales Group
  • Honeywell International Inc.
  • Siemens AG
  • Sabre Corporation
  • IBM

Smart Airports Industry Segmentation:

Based on Technology the market is divided into Air/Ground Traffic Control, Security Systems, Passenger, Cargo, & Baggage Ground Handling Control, Communication Systems and Other Technologies. Out of these sub-segments the Communication Systems section is leading the market due to various factors, the lead is seen during the foreseen period.

Based on Location the market is divided into Terminal Side, Landside and Airside. Out of these sub-segments the Terminal Side section is dominating the market due to rising demand for the products for giving location services & alerts to the user about specific gate & terminal, etc. Based on Application the market is divided into Non-Aeronautical Operations and Aeronautical Operations. Out of these sub-segments the Non-Aeronautical Operations section is seen to lead the market due to factors like rising want for the services like retail outlets, personalized services, smart parking, Wi-Fi & few other services, etc.

Smart Airports Market-2019-Regional Outlook and Trend Analysis:

On a global front, the Intellectual Property Outsourcing Services Market covers North America, Europe, Asia-Pacific, South America and Middle East & Africa. The global scenario of Smart Airports Market shows North American region dominating the market, this dominance is due to technological development in the system of baggage tracking utilizing NFC/RFID, rising number of the gates with smart security consent, increasing need for the real time data availability at the airports and other factors.

 About Crystal Market Research:
Crystal Market Research is a U.S. based market research and business intelligence company. Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.

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