APAC Smart Airport Market to Reach USD 6.7 Billion by 2024

Posted on 2018-11-01 by Goldstein Research in Aerospace // 0 Comments

New York, USA, 2018-Nov-01 — /EPR Network/ —According to Goldstein Research, Asia-Pacific smart airport market is expected to reach USD 6.7 billion by the end of 2024, growing at a CAGR of 7.3% over the forecast period, 2016-2024. The growth of IoT and digitization of the systems in order to cater the rapid growth of air passenger traffic is driving the growth of smart airports. Asia-Pacific Smart airport market segmentation has been done on the basis of solutions, applications, services and geography. Safety management solutions are attracting the major developments and thus acquire the largest market share in 2016.

Asia-Pacific Smart airport market is dominated by China, which accounts for over 30% market share on the back of huge government expenditure on the development of smart airports. India being in the high development and construction phase and also an attractive tourism spot, thus accounts for fastest growth rate over the forecast period for developing smart airports.

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Market Segmentation

On the basis of our in-depth analysis, Asia-Pacific Smart Airport Market can be segmented as follows:

Based on Solutions

Air Traffic Management
Baggage Management
Security Management
Passenger Management
Mobility
Information Technology

Based on Application (Airside/Landside)

Retail
Cargo
Passenger experience
Ground Handling
Infrastructure Management
Others (Smart Parking etc.)

Based on Services

Installation
Training
Support and Maintenance

By Region

China Smart Airport Market Analysis, 2016-2024
Japan Smart Airport Market Analysis, 2016-2024
India Smart Airport Market Analysis, 2016-2024
Australia Smart Airport Market Analysis, 2016-2024
Taiwan Smart Airport Market Analysis, 2016-2024
South Korea Smart Airport Market Analysis, 2016-2024
Indonesia Smart Airport Market Analysis, 2016-2024
Thailand Smart Airport Market Analysis, 2016-2024
Singapore Smart Airport Market Analysis, 2016-2024
New Zealand Smart Airport Market Analysis, 2016-2024

“Asia Pacific Smart Airport Market Outlook 2024” contains detailed overview of the Asia Pacific smart airport market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by solutions, applications and services and countries.

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The Asia Pacific Smart Airport Market Report encompasses the competitive outlook of major players that summarises the business strategies, revenue distribution, product portfolio, financial analysis, R&D activities and investments. The comprehensive analysis of smart airport market report helps the clients to assess their business strategies as per the competitive environment in the market space.

Major players of the Asia Pacific smart airport market discussed in the report are Honeywell Corporation Inc., Rockwell Collins Inc., SITA, Siemens AG, IBM Corporation, Cisco Systems, Huawei Technologies Co. Ltd., Raytheon, Quinetiq Group PLC, Thales Group, IndraSiestma S.A., Sabre Corporation and Amadeus IT Group SA,etc.

Further, Asia Pacific Smart Airport Market Report encompasses the major trends & growth opportunities, market dynamics and other growth factors. The Smart Airport Market outlook also comprises of key challenges for the market players, risk analysis, SWOT Analysis, BPS analysis and Market Attractiveness. Report also includes the expert analysis which provides complete overview of the market post analysis of the economic, political, environmental & social factors of each region and country.

Asia Pacific Smart Airport Market is driving on the basis of advancement in branches of aviation mention below

Smart Airport Solutions Market

By 2018, more than 38% airports will be upgraded by the digital technologies such as automated solutions, check-in kiosks, and smart air traffic control systems among others. Expanding applications of IoT has provided ease to passengers as well as airport operators by automation of infrastructure and self-service processes, which is the major reason behind the rising demand for smart airports solutions across the globe. Smart airport solution market accounted for USD 7.38 billion in 2015 and expected to reach USD 18.76 billion by the end of forecast period i.e. 2024.

Airborne Surveillance Market

Global airborne surveillance aims to provide early warning information relating to ground and marine surveillance such as border security, accidents, oil spills, land mapping and many more. Global airborne surveillance market size is set to reach USD 6.1billion by 2024 growing at a CAGR of 4.7% over the forecast years.

In-flight Entertainment Market

As per the increasing air passenger traffic inflight entertainment market has experienced continuous innovations to cater the demands of passengers. The in flight entertainment market size is set to reach USD 7.1 billion by 2024, at a CAGR of 12.5% over the forecast years.

Aircraft cabin interiors Market

The growing demand from passengers and the innovative developments has led this market kept growing. Aircraft cabin interiors market size is set to reach USD 41.2 billion by 2024, at a CAGR of 7.9% over the forecast years.

Airport Display Systems Market

Innovative technologies to enhance passengers travelling experience and to increase productivity of business operations at airport are driving the growth of global airport display systems market. Air data system market valued USD 0.72 billion in 2016 and is estimated to grow at a CAGR of 5.80% during the forecast period 2016-2024.

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