Smart Airport Market 2019 Valuable Industry Status by Trend Analysis, Growth Status, Revenue Expectation to 2024 | Industry Research.co
Global Smart Airport Market 2019 Industry Research Report is a professional and in-depth study on the current state of the Global Smart Airport industry. This report studies the Smart Airport market size by players, regions, product types and end industries.
The “Smart Airport Market” 2019 provides an in-depth analysis of all market dynamics including drivers and restraints, and trends and opportunities. Important factors supporting growth across various is also provided. The impact of prevailing regulatory scenario on both regional and worldwide Smart Airport market is provided in detail in the report. Industry Research offers an extensive collection of reports on different markets covering crucial details. The report studies the competitive environment of the Smart Airport market is based on company profiles and their efforts on increasing product value and production.
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Some of The Major Key Players of Smart Airport Market Are:
- Honeywell international Inc.
- Cisco Systems Inc.
- Amadeus IT Group
- Siemens AG
- Systems international GmbH
- Thales SA
- Rockwell Collins Inc.
- Raytheon Company
- Sabre Corp.
Scope of the Report:
- Smart airport or intelligent infrastructure is a concept, which has been developed based on the idea of the future smart city, smart building, and the factory. The infrastructure for smart airport includes communication systems, cargo and baggage handling, ground handling, security systems, vehicle parking solutions, air traffic management, aircraft hangars, aircraft parking, and the area falling within the airport. The other operations in the terminal side segment include passenger and staff notification system, information display system, lighting system, and announcement system.
- The smart airport market is estimated to register a CAGR of 3.48% during the forecast period (2019-2024).
- Advanced technologies and innovations in the field of IT, electronics and control systems, mechanical systems, robotics, and analytics are the major driving factors of smart airports. Apart from the advanced technologies, an increase in air passenger traffic is strongly compelling airport authorities to opt for smart airport technologies. These factors may continue to drive the demand for smart airport. With end-to-end tracking of information during the journey, biometric technologies, digital passports, and immigration checks are some of the technologies that airports may adopt in the near future, which is, in turn, expected to drive the market.
- The introduction of new technology, like smart glass for blind passengers, and the introduction of biometrics for passengers, in general, may lead to enhanced customer experience in the coming years.
- The increasing adoption of biometric equipment is expected to provide growth opportunities for the market, during the forecast per
- Drivers: (Developing regions and growing markets)
- Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
- Opportunities: (Regional, Growth Rate, Competitive, Consumption)
The report provides key statistics on the market status of the Smart Airport Market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the Smart Airport .
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Key questions answered in the report include:
- What will the market size and the growth rate be in 2024?
- What are the key factors driving the global Smart Airport market?
- What are the key market trends impacting the growth of the global Smart Airport market?
- What are the challenges to market growth?
- Who are the key vendors in the global Smart Airport market?
- What are the market opportunities and threats faced by the vendors in the global Smart Airport market?
- Trending factors influencing the market shares of the relevant regions.
- What are the key outcomes of the five forces analysis of the global Smart Airport market?
Key Market Trends:
The Noise Management Segment Projected to Grow at a Rapid Pace
Currently, the noise management segment has the highest share among all the segments. Landing and take-off of an aircraft generate noise, and even though new-generation aircraft are quieter, major airports run specialized noise management programs to reduce and offset the noise created by their routine operations. Several major airports are installing noise monitoring devices to monitor the noise levels due to the aircraft. For instance, at Toronto Pearson Airport, the Noise Management Action Plan is reviewed every five years, and corrective measures are adopted depending on the requirement. Earlier, in December 2017, the airport announced its Noise Management Action Plan for 2018-2022. Thus, the focus is currently on this segment, which is the reason for its expected high CAGR.
Asia-Pacific Expected to Register the Highest Growth
In the smart airport market, regionally, North America is generating the highest revenue at present. However, the Asia-Pacific region is expected to record higher growth during the forecast period. China has one of the fastest growing air passenger traffics, with 35% increment in the number of passengers, over the past five years, and comes second after the United States, in terms of the total number of passengers carried. Additionally, the Indian private jet industry is booming, and has already witnessed various aircraft entering the market over the past decade. According to the International Air Transport Authority (IATA), India is the ninth-largest, in terms of aviation industry ranking.
Sydney Airport is preparing to try a facial recognition system designed to let travelers pass through check-in, baggage deposit, border and security screening, and boarding, after one initial passport presentation. This has led to a growth in the development of smart airports in the Asia-Pacific region, and has a positive impact on the growth of the market.
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Study objectives of Smart Airport Market Report:
- To provide a detailed analysis of the market structure along with the forecast of various segments and sub-segments of the Smart Airport market
- To provide insights into factors influencing and affecting market growth
- To provide historical, current, and forecast revenue of market segments based on material, type, design, and end user
- To provide historical, current, and forecast revenue of market segments and sub-segments with respect to regional markets and key countries
- To provide strategic profiling of key players in the market, comprehensively analyzing their market shares, core competencies, and drawing a competitive landscape for the market
- To provide economic factors, technology trends, and market trends that influence the global Smart Airport market
Detailed TOC of Smart Airport Market Report 2019-2024:
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter’s Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1.1 Security System
5.1.2 Communication Systems
5.1.3 Air and Ground Traffic Control
5.1.4 Passenger, Cargo and Baggage, and Ground Handling
5.2.1 Advanced Vehicle Parking Solutions
5.2.2 Smart Marketing Techniques
5.3.1 Air Traffic Management
5.3.2 Aircraft Maintenance
5.3.3 Aircraft Parking
5.4 Terminal Side
5.4.1 Baggage Handling
5.4.2 Check-in Systems
5.4.3 Other Operations
5.5.1 Aeronautical Operations
220.127.116.11 Gate Management
18.104.22.168 Noise Management
5.5.2 Non-aeronautical Operations
22.214.171.124 Supply Chain Management
126.96.36.199 Advanced Transport Services
5.6.1 North America
188.8.131.52 United States
184.108.40.206 Rest of North America
220.127.116.11 United Kingdom
18.104.22.168 Rest of Europe
22.214.171.124 Rest of Asia-Pacific
5.6.4 South America
126.96.36.199 Rest of South America
5.6.5 Middle East and Africa
188.8.131.52 Saudi Arabia
184.108.40.206 Rest of Middle East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Vendor Market Share
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Honeywell international Inc.
6.4.2 Cisco Systems Inc.
6.4.3 Amadeus IT Group
6.4.4 Siemens AG
6.4.5 T-Systems international GmbH
6.4.6 Thales SA
6.4.8 Rockwell Collins Inc.
6.4.9 Raytheon Company
6.4.10 Sabre Corp.
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
Name: Ajay More
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