The global smart airport market size was valued at USD 2.29 billion in 2022. The market is projected to grow from USD 4.05 billion in 2023 to USD 11.56 billion by 2030, exhibiting a CAGR of 16.1%. Fortune Business Insights™ mentioned this in a report titled “Smart Airport Market Size, Share and Forecast 2023-2030.” The increasing need for real-time data is propelling the growth of the market. The main growth drivers comprise of development in commercial aviation, upgrading of previous airports, the launch of new airports, and growth in the number of green initiatives by the airports.

List of Key Players Present in the Report

• SITA (Switzerland)
• Huawei Technologies Co., LTD. (China)
• Smart Airport Systems (SAS) (France)
• Infax, Inc. (U.S.)
• IBM Corporation (U.S.)
• Honeywell International Inc. (U.S.)
• Thales Group (France)
• Daifuku Co., LTD. (Japan)
• Siemens AG (Germany)
• Amadeus IT Group SA (Spain)

Information Source:

https://www.fortunebusinessinsights.com/industry-reports/smart-airport-market-101799

Segmentation:

Growing Demand for AI-based Systems to Impel Growth of Terminal Side Segment

On the basis of application, the market is segregated into data visualization, AI/ machine learning, cyber security, anomaly detection, asset/resource management, and others. The AI/machine learning segment is projected to dominate the market and grow with the highest CAGR during the projected period.

Rise in Demand for Advance Hardware Systems in Airports for Various Applications to Drive the Segment Growth