The increasing use of new technologies such as the Internet of Things (IoT), AI, machine learning and big data analytics, rising adoption of 5G networks in airports to meet actual passenger demand and burgeoning inclination toward check-in, baggage screening, security, and customs to accelerate the passenger’s transactional activities are the major factors driving the growth of Global Next Generation market over the forecast period. Apart from this, upsurge in the number of passengers in the near future resulting in mounting air traffic congestion, propelling use of blockchain to improve safety and aviation security operations and snowballing investment to modernise IT infrastructures of airport are the factors accelerating the demand for next generation airport technology.

According to MarkNtel Advisors’ research report “Global Next Generation Airport Technology Market Analysis, 2021”, the Global Next Generation Airport Technology market is anticipated to grow at a considerable CAGR during 2021-26. The outbreak of COVID-19 has impact the market growth due to suspension of flight across the world which decreased the passenger demand in both the domestic and international segments. However, the privately operated airports also faced difficulties in keeping costs down. Besides this, the number of passengers is projected to reach pre-pandemic levels in the coming years.

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“Global Next Generation Airport Technology Market Analysis, 2021” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Next Generation Airport Technology providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.

Asia-Pacific Attain Highest CAGR During 2021-26
Asia-Pacific is projected to attain highest CAGR during 2021-26 in the Global Next Generation Airport market. The air travel industry is predicted to grow by 50% due to booming growth in the number of millennials in the countries such as China and India. However, China and India are heavily investing in airport infrastructure by deploying technology for next generation of biometric cards. Moreover, growing adoption of artificial intelligence, robotics, and biometric-enabled bag drop facilities, surging investment on air-traffic control infrastructure to digitalised it in order to improve transport safety are the factors propelling the growth of the Next Generation Airport Technology in the forthcoming period as revealed by the MarkNtel Advisors’ research report “Global Next Generation Airport Technology Market Analysis, 2021”.

According to MarkNtel Advisors’, the key players with a considerable market share in the Global Next Generation Airport Technology include Honeywell International Inc., TAV Technologies, Siemens, Wipro Limited, IBM Corporation, Amadeus IT Group SA, SITA, Cisco System, Inc., Huawei Technologies Co., Ltd., L3harris Security & Detection Systems etc.

Market Segmentation:
1. By Technology Type (Next Generation Security Checkpoint, Next Generation Automated Parking System, Next Generation People Scanner, Next Generation Traffic System, Next Generation Airport Communication, Next Generation Surveillance Technology, Next Generation Biometric, Next Generation Baggage Screening, Others)
2. By Application (Flow Monitoring and Management, Traffic Management, Airport Operation Management, Screening and Detection, Parking Management, Safety & Security, Others)
3. By Deployment (Cloud, On-Premises)
4. By Region (North America, South America, Europe, Asia-Pacific, Middle East & Africa)
5. By Country (US, Canada, Mexico, Brazil, UK, Germany, France, China, Japan, India, UAE, Saudi Arabia),
6. By Company (Honeywell International Inc., TAV Technologies, Siemens, Wipro Limited, IBM Corporation, Amadeus IT Group SA, SITA, Cisco System, Inc., Huawei Technologies Co., Ltd., L3harris Security & Detection Systems etc.)
Key questions answered in the study
1. What are the current and future trends of the Next Generation Airport Technology industry?
2. How the industry has been evolving in terms of end-user demand and application areas?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the Next Generation Airport Technology industry?
5. What is the customer orientation, purchase behavior, and expectations from the Next Generation Airport Technology firms across various regions?