Smart Airport Market
To Reach USD 28.0
Billion By 2027
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Market Summary
www.reportsanddata.comThe Global Smart Airport Market was valued at USD 12.5 Billion in 2018 and is expected to reach
USD 28.0 Billion by year 2026, at a CAGR of 10.0%.
Further key findings from the report suggest:
• The smart airport markets fastest growing at a CAGR of 9% in Asia Pacific owing to modernization of
conventional infrastructure in developing countries such as India and China
• Communication Systems segment is accounted to be the leading segment in smart airport market
which is valued at USD 3.0 Billion in 2019, due to the increasing use of connected devices and need for
secured communications
• North America is the largest region with a share of 35.5% in smart airport market due to the presence
of technologically advanced infrastructure and communication technology
• Terminal side solutions segment is the fastest growing at a CAGR of 12.5% due to the increasing
adoption of Smart Airport solutions for simplifying baggage and terminal operations and reducing
human errors
Market Size – USD 12.5 Billion in 2018, Market Growth - CAGR of 10.0%. Market Trends –
Modernization of the conventional infrastructure to smart infrastructure for economic growth.
Market Summary
www.reportsanddata.comKey Players:
Technology (Revenue, USD Billion; 2016–2026)
Communication Systems
Traffic Control
Passenger Information System
Cargo & Baggage Handling
Security System
Others
Application (Revenue, USD Billion; 2016–2026)
Aeronautical Operations
Non-Aeronautical Operations
Honeywell Corporation Inc., Collins Aerospace, ITA, Siemens AG, IBM Corporation, Cisco Systems Inc., Raytheon
Company, Kiewit, Larsen & Toubro, and Amadeus IT Group SA.
Segmentation:
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Market Summary
www.reportsanddata.comRegional Outlook for Vehicle Access Control Market analyses the following
geographies:
North America (United States, Canada, and Mexico)
Europe (Germany,