Demand for Smart Airports and Impact of COVID-19……..



The global smart airport market size is expected to reach USD 25.09 billion by 2025, growing at a CAGR of 10.7%. According to a new report by Grand View Research, Inc. The growth can be accredited to increased penetration of automated and connected airport processes, such as self-service check-ins, smart baggage drop, and smart luggage tracking.
Artificial Intelligence (AI), Virtual Reality (VR), and Augmented Reality (AR) solutions are anticipated to substantially contribute while responding to the COVID-19 pandemic and address continuously evolving challenges. The existing situation owing to the outbreak of the epidemic will inspire pharmaceutical vendors and healthcare establishments to improve their R&D investments in AI, acting as a core technology for enabling various initiatives. The insurance industry is expected to confront the pressure associated with cost-efficiency. Usage of AI can help in reducing operating costs, and at the same time, can increase customer satisfaction during the renewal process, claims, and other services. VR/AR can assist in e-learning, for which the demand will surge owing to the closure of many schools and universities. Further, VR/AR can also prove to be a valuable solution in providing remote assistance as it can support in avoiding unnecessary travel. The report will account for Covid19 as a key market contributor.
Moreover, the rising demand for various technologically-advanced non-aeronautical systems, communication systems, and security systems such as electronic bag tags is expected to boost the growth over the forecast period.
Emerging technologies and devices, such as smart access control systems, fingerprint readers, and smart card technology are being increasingly implemented by airports for enhancing the overall passenger experience. Additionally, with the introduction of smartphone-based airport applications, passengers are now able to utilize real-time information, such as gate number, arrival time, direction to airport, check-in line, and flight booking.
Companies across the globe are investing heavily on IT and digital technology to effectively streamline their business processes and provide value-added services to customers. A majority of airports are now focusing on passenger self-service solutions and are planning to implement new technologies, such as the adoption of Bluetooth-enabled beacons to provide connected airport solutions.
To Request Sample Copy of this report, click the link:
https://www.grandviewresearch.com/industry-analysis/smart-airports-market/request/rs1
Contemporary airport operation and business models have led to an explosive growth of the airline industry. Rising concerns of industry participants pertaining to increased competitiveness have led to a shift in focus towards a customer-centric and data-driven approach to enhance operational efficiency. Moreover, with the emergence of Airport 3.0, airports worldwide are seeking to leverage the benefits of emerging technologies with advanced capabilities.
Further key findings from the report suggest:
·         Airports across emerging economies are increasingly adopting a smart airport approach by implementing innovative technologies, such as smart robots, self-check-in kiosks, beacon services, predictive analysis, and border control automation solutions
·         Airports are increasingly expanding their airside operations by providing various services, such as in-wallet scanning, and geolocation and coordination of aircraft with real-time information on landing
·         Airports across developed regions, such as the U.S., have now started providing automated parking facilities, in order to capture a higher revenue share of the non-aeronautical operations segment
·         Asia-Pacific is estimated to emerge as the fastest-growing region over the forecast period, owing to a steep increase in passenger traffic coupled with upgrading and implementation of new technologies in airport communication and security systems
·         Major countries across Europe are adopting Bluetooth-based beacon technology to provide a personalized experience to passengers, such as indoor wayfinding and nearby promotional offers, based on data collected regarding the passengers’ spending and usage habits
·         Key Players include in the smart airport Market are Amadeus IT Group S.A., Cisco Systems, Inc., Honeywell International Inc., Siemens AG, and IBM. Other companies include Sabre Corporation, Thales Group, T-Systems International GmbH, and QinetiQ Group Plc.
The global smart airports market size was estimated at USD 10.09 billion in 2016. The growth can be attributed to the rising adoption of digital technologies across the world, which has led to digital transformation and expansion of personalized experiences offered to passengers.
The global market has grown in prominence with new innovative technologies which have helped personalize user experiences. The increasing demand for real-time information is expected to propel the market growth as these solutions ease the burden on airport infrastructure and workforce. The modernization of old airports, establishment of new airports, development in commercial aviation, and the increasing focus on green initiatives are the key growth drivers expected to boost the market over the forecast period.
The introduction of various devices with innovative features, such as customer identification through a unique heart beat pattern with the help of biodynamic and biometric signatures, and the deployment of artificial intelligence technology across airports, are supporting the management and control of large airport databases.
An emerging trend in the industry is the development and commercialization of new intelligent technologies that provide a digital ecosystem, such as automated check-in, flight book management, and baggage and document check. Airports across the world are increasingly adopting technology-enabled devices, such as smart luggage system and on-site application of Internet of Things (IoT) to transform customer experiences.
Have any Query? Ask our Experts:
https://www.grandviewresearch.com/inquiry/3297/ibb
The industry is leveraging the benefits of new technologies such as Quick Response (QR) codes, Near-Field Communication (NFC), Augmented Reality (AR), and beacons to enhance the automation of various airport processes. Moreover, the growing demand for biometric devices at airports is creating new opportunities for market growth over the forecast period.
Grand View Research has segmented the global smart airport market on the basis of technology, application, location:
Smart Airport Technology Outlook (Revenue, USD Million; 2014 - 2025)
·         Security Systems
·         Communication Systems
·         Passenger, Cargo, & Baggage Ground Handling Control
·         Air/Ground Traffic Control
·         Others
Smart Airport Application Outlook (Revenue, USD Million; 2014 - 2025)
·         Aeronautical Operations
·         Non-Aeronautical Operations
Smart Airport Location Outlook (Revenue, USD Million; 2014 - 2025)
·         Landside
o    Vehicular Parking
o    Security
o    Advertisement
·         Airside
o    Air Traffic Management (ATM)
o    Management
o    Aircraft Parking & Maintenance
·         Terminal Side
o    Building Operations
o    Baggage Handling
o    Check-in Systems
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.


Comments

Post a Comment

Popular posts from this blog

Foot Orthotic Insoles Market 2026: What Will Be Changes In Investment Ratio With Opportunity Analysis?? |Grand View Research, Inc.

Image
The global foot orthotic insoles market size is expected to reach USD 5.5 billion by 2026 , according to a new report by Grand View Research, Inc., exhibiting a 6.3% CAGR during the forecast period. Growing incidence of diabetes and plantar fasciitis are expected to drive the market over the forecast period. Moreover, rapid urbanization and increasing disposable income are anticipated to propel growth in future. Technological advancements, spurred by ongoing investments in R&D, are expected to increase growth potential in the coming years. Moreover, rise in geriatric population, which is susceptible to orthopedic disorders, is impelling product demand globally. For instance, in 2017 as per the U.S. Census Bureau, the number of people aged 65 or older increased by 1.6 million from 2014 to 2015. In addition, increasing incidence of sports injuries and rising prevalence of osteosarcoma in the region has led to the need for various orthotics devices, which is expected to drive ...
Read more

A Look into Smokehouse Industry……Deep Analysis…..

Image
The global smokehouse market size is anticipated to reach USD 157.2 million by 2025 , according to a new report by Grand View Research, Inc. The market is anticipated to register a CAGR of 2.2% during the forecast period. Rising need for a healthy lifestyle has led consumers to prefer griller or barbequed food over fried food and other kinds of fast food. This trend is expected to have a positive impact on the market growth. The home care & decor industry has been witnessing inconsistent growth, since the Covid 19 outbreak. As a result of the ongoing pandemic crisis, there has been a drop in the overall performance of discretionary products such as decorative fixtures, bedding products, to name a few. The virus outbreak has, however, led to substantial growth in categories such as cleaning and hygiene products. Prominent growth in the e-commerce business is also one of the positive influences of the outbreak, wherein companies are focusing on expanding their distribution ...
Read more

A Look into Shapewear Industry……Deep Analysis…..

Image
The global shapewear market size is expected to reach USD 3.80 billion by 2025 registering a CAGR of 7.7%, according to a new report by Grand View Research, Inc. The introduction of various products according to the type of garments is expected to support the market growth in the years to come. Growing target population across the globe is also augmenting the market growth. Changing lifestyle incurs increased investment in fitness and related accessories, which has positively impacted the market growth. The clothing, footwear, & accessories industry is anticipated to witness checkered growth throughout 2020, as a result of the unprecedented supply chain disruptions caused by the COVID-19 outbreak worldwide. The expected decline in the global sales of clothing, footwear, & accessories is attributable to massive supply chain disruptions across significant export markets, including China and India. However, the industry is likely to recover over the forecast timeframe,...
Read more