Smart Airports Market Expanding in Worldwide
With Size, Share, Trend & Forecast
The global smart airports market size was estimated at USD 10.09 billion in 2016 and is anticipated to reach USD
25.09 billion by 2025, with a CAGR of 10.7%. Initially, traveling by air was an expensive business and was
predominantly used by executive class business professionals, political leaders, and high-income earners to travel to
places. Only a few companies provided facilities for air transport owing to the moderately smaller passenger traffic.
The major factor responsible for the expansion of the aviation industry is considered to be the high rate of
The global aviation industry transformed eventually giving rise to a new aviation era of smart airports. Greater than
before air passenger traffic and rising demand for air travel are the two foremost causes for the revolution in airports
all over the world. In the present scenario, the airports are considered to be service providers offering new facilities
as opposed to the earlier times when they were known to be infrastructure providers.
A smart airport system encompasses components, solutions, services and devices which optimize and powers the
utilization of airways infrastructure for implementing advanced functions. It comprises of various components such
as freight operations information systems, operations, check in and baggage management, communications, airways
analytics, passenger information and reservation systems, air traffic management, IP-based security monitoring, and
The global smart airports market is evolving as the next big thing of the air travel industry chiefly to support
endways communication & exchange of information and combined decision making among all shareholders
including passengers, aviation operators, airport authorities, and airports.
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