Advanced functionalities of the global smart airports over old-style airports are fueling sturdy market acceptance such as improved operational competence through on-demand resource utilization , shared services , real time trouble management & operational forecasting , smaller queue lengths , crowding management , digital navigation , efficient water , emissions , waste & energy management , profits generation by mobile based targeted selling & advertising strategies , capacity utilization & planning , service delivery automation , better customer ’ s travel experience by self-service amenities , service innovations , event notifications , and more effective and smarter security .
The global smart airports market is majorly driven due to the growing demand for revolutionizing airports by converting business intelligence into a facility of innovative software solutions related to airports . A growth in the global smart airports market is projected on account of greater than before investments in research & development . The market has witnessed a strong growth rate in the recent past owing to the surge in passenger and air traffic , in both developing as well as developed nations .
Factors such as the launch of technologically advanced systems and rising demand for real-time information collaboration and sharing may favorably impact the market growth . The decline in hardware and connectivity costs also fuels the demand for the global smart airports market . However , factors such as capacity and congestion constraints , high costs of up gradation and resource outages may create a major hindrance for the global smart airports market .
Browse Full Research Report @ https :// www . millioninsights . com / industry-reports / smart-airports-market
The global smart airports market is segmented based on technologies into lighting & guidance , airport communications , digital information display solutions & signage systems , emergency services & fire protection , car parking systems , landing aids , ground / air traffic control & management systems , airport management software , security , and baggage and passenger control and handling . The market is further segmented on the basis of services into hospitality , parking & transport services , workplace services , airport processes , retail , entertainment services , and business to business services . It is also characterized on the basis of airport modernization programs into airside , landside and terminal side services .
Europe market for smart airports accounted for the majority of the overall market in the past few years . Europe has been benefitted mainly due to the extensive initiatives for airport automation . Asia Pacific market is expected to witness the fastest growth rate over the next eight years . Factors responsible for its high growth rate includes a steady rise in the number of operating airports , increasing demand for airport information systems , rising adoption of innovative airport technologies , and enhanced system of baggage handling .
Major industry participants include Siemens AG , SITA , Amadeus IT Group SA , Indra , QinetiQ , Airport Smart , Colebrook Bosson Saunders , Honeywell , Airport Emission Control , Delair Air Traffic Systems , FB Technology ,