Market Revenue Smart Airports Industry Value Chain Analysis

Smart Airports Industry Value Chain Analysis, List of Data
Sources Till 2025
“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.”
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 globalization.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 ticketing. 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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