In a recently published report by Meticulous Research®, titled "Smart Airports Market by Offering (Systems, Services), Application (Terminal Side, Airside, Ground Side), Technology (AI, IoT, 5G), & Geography - Global Forecast to 2030," the smart airports market is projected to grow to $10.16 billion by 2030 at a CAGR of 7.8% from 2024 to 2030. This growth can be attributed to increasing investments in technological advancements at airports and the widespread adoption of self-service solutions.

Rising smartphone adoption for seamless check-ins and the implementation of automated baggage handling systems are further driving growth. However, concerns about data privacy and technology integration challenges remain potential obstacles for the market.

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Offering Segment Insights
The global smart airports market is segmented by offering into systems and services. The systems segment is expected to dominate the market in 2024, driven by increased investment in smart airport technologies and a focus on enhancing passenger experiences. A notable example includes Amadeus IT Group’s partnership with Noida International Airport to deploy a cloud-based passenger processing system.

The systems segment is also expected to record the highest CAGR due to the growing adoption of mobile check-in solutions and self-service kiosks. Solutions like Thales Group's HELIXVIEW further illustrate the innovation within the segment.

Application Segment Insights
On the application front, the smart airports market is divided into terminal side, landside, and airside. The terminal side is forecasted to hold the largest market share, spurred by the growing use of advanced baggage handling systems and the increased deployment of digital signage. Airports like Munich and Bengaluru have introduced smart technologies, such as baggage trolleys with real-time information displays and intelligent vision platforms for passenger flow management.

The terminal side segment is also projected to experience the highest growth rate, thanks to 5G deployments and AI robots improving terminal operations. Investments in digitizing airport infrastructure, such as Israel’s $15 million initiative for Ben Gurion International Airport, will further boost growth.

Technology Segment Insights
Technology plays a pivotal role in the smart airports market, with IoT leading in 2024 due to its applications in tracking and safety. IoT-enabled systems for baggage management, such as those implemented at Hyderabad International Airport, showcase the potential of this technology.

AI, however, is expected to grow at the fastest pace, particularly in airport automation and data analytics. AI technologies are being leveraged at airports like Abu Dhabi and Eindhoven to streamline operations and improve customer experiences.

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Regional Insights
North America is forecasted to dominate the smart airports market in 2024, driven by the region's high investments in airport technologies. Biometric solutions and smart systems to alleviate flight delays are key growth drivers in the region.

Some of the recent developments are as follows:
• In May 2024, Honeywell International Inc. (U.S.), a company operating in areas such as aerospace, building technologies, and performance materials and technologies, launched an updated suite of airside solutions, with enhancements to its gate and turnaround and airfield lighting portfolios, including the Honeywell NAVITAS Smart Visual Docking system.
• In May 2022, Miami International Airport (MIA) announced its plans to implement biometric boarding for international flights across all of its 130+ gates in collaboration with SITA (Switzerland), with the expected completion by 2024.

The market in Asia-Pacific is projected to register the highest CAGR during the forecast period. The growth of this regional market is driven by factors such as the increasing investments in the construction of new airports and expansion of existing ones, a rapid surge in passenger traffic in countries like China, India, Japan, and South Korea, the widespread adoption of automation technologies throughout airports, and a growing emphasis on partnerships between airports and key market players for digital transformation.

Furthermore, airports in the region are digitizing processes such as online check-ins, e-boarding passes, and real-time flight updates, contributing to the market’s growth. For instance, Asiana Airlines, Inc., a South Korean airline, facilitates seamless check-in through its web homepage or mobile app and provides passengers with e-boarding passes in advance.

Some of the recent developments are as follows:
• In July 2021, Bangalore International Airport Limited (BIAL), operator of Kempegowda International Airport, Bengaluru, partnered with IBM Corporation (U.S.) to accelerate digital and IT transformation. Under this ten-year partnership, IBM Corporation (U.S.) and Kyndryl Inc. (U.S.) will provide IT solutions to create a new “Airport in a Box” platform to enhance the end-to-end travel experience for passengers at BLR Airport.
• In August 2022, Accenture plc (Ireland) and Changi Airport Group (Singapore) extended their collaboration for another three years to transform operations and enhance the experience for travelers visiting Singapore Changi Airport.

Key Players:
Some of the key players operating in the global smart airports market are Honeywell International Inc. (U.S.), Collins Aerospace (U.S.), SITA (Switzerland), Siemens AG (Germany), Daifuku Co., Ltd. (Japan), Amadeus IT Group SA (Spain), Huawei Technologies Co., Ltd. (China), T Systems International GmbH (Germany), Cisco System, Inc. (U.S.), IBM Corporation (U.S.), Thales Group (France), Schneider Electric SE (France), Wipro Limited (India), Veovo (U.K.), Sabre Corporation (U.S.), Ascent Technology (U.S.), Leidos, Inc. (U.S.), and Gorilla Technology Group Inc. (U.K.).

Check complete table of contents with list of table and figures: https://www.meticulousresearch.com/product/smart-airports-market-5737

Key questions answered in the report:
• What are the high-growth market segments in terms of offering, application, and technology?
• What is the historical market size for smart airports across the globe?
• What are the market forecasts and estimates for 2024–2030?
• What are the major drivers, restraints, opportunities, and challenges in the global smart airports market?
• Who are the major players in the global smart airports market, and what are their market shares?
• What is the competitive landscape like?
• What are the recent developments in the global smart airports market?
• What are the different strategies adopted by the major players in the market?
• What are the geographic trends and high-growth countries?

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