According to the report by Expert Market Research (EMR), The global [FURL=https://bit.ly/3Mx3GHm]smart airport market size[/FURL] attained a value of nearly USD 2.76 billion in 2023. Aided by increasing penetration of artificial intelligence (AI) and data science technology and the increasing number of tourists and business travellers across airports, the market is assessed to grow at a CAGR of 13.60% between 2024 and 2032 to reach a value of around USD 8.69 billion by 2032.Smart airports incorporate advanced technologies such as the Internet of Things (IoT), artificial intelligence (AI), and big data analytics to enhance operational efficiency, passenger experience, and security. These technologies streamline various airport operations, from passenger check-in to baggage handling, providing a seamless and personalised travel experience. The smart airport market growth is being fuelled by the rising demand for real-time information, growing passenger traffic, and heightened security requirements.
IoT and AI facilitate a smoother and faster check-in and security process at airports. Biometric check-ins, where facial recognition or fingerprint scanning replaces traditional boarding passes, speed up the verification process, reduce queues, and minimise contact—a particularly valuable feature in the post-COVID-19 era. Automated passport control systems use AI to verify identities against databases quickly, reducing the human error factor and speeding up immigration processes.
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IoT devices are extensively used for the predictive maintenance of airport facilities. Sensors can monitor conditions in real-time and predict when maintenance is required, reducing the likelihood of equipment failures that can cause delays and disruptions. For example, sensors on a baggage conveyor belt can alert maintenance teams to a malfunction before it leads to a breakdown, ensuring smoother operations and enhancing passenger satisfaction. This is expected to drive the smart airport market growth in the coming years.
In response to increasing environmental concerns, smart airports are adopting greener technologies. This includes the use of LED lighting, solar panels, and energy-efficient HVAC systems that reduce the overall carbon footprint of the facility. Some airports incorporate green roofs and optimise natural light to cut down energy usage. Sustainable practices are also evident in the construction phase, where materials are chosen based on their environmental impact, helping to promote sustainability from the ground up. This is one of the key smart airport market trends.
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To foster the adoption of smart technologies in airports, various governments around the world are offering support in the form of funding, incentives, and regulatory frameworks. These policies are designed to encourage the integration of innovative technologies and practices that improve efficiency, security, and passenger satisfaction in airports. Government initiatives, including grants for technology upgrades, guidelines for sustainable practices, and support for trials of new technologies in airport operations, are positively influencing the smart airport market development.
Competitive Landscape
Some of the major players explored in the report by Expert Market Research are as follows:
Ascent Technology, Inc.
Honeywell International Inc.
Huawei Technologies Co., Ltd.
THALES group
IBM Corporation
Others