Global NEWS: The Smart Airport Market is projected to reach USD 14.9 billion by 2021, at a CAGR of 5.6% from 2016 to 2021 According to the new market research report "Smart Airports Market by Technology (Communication, Security, Cargo & Baggage Handling, Traffic Control, Endpoint Devices), Landside, Airside, Terminal Side, Application, Region - Global Forecast to 2021", The smart airport market is projected to reach USD 14.9 billion by 2021, at a CAGR of 5.6% from 2016 to 2021. Factors such as travelers’ growing needs for realtime information and airports moving towards customer centric approach are expected to drive the growth of the smart airports market. Browse 118 market data tables and 67 figures spread through 199 pages and in-depth TOC on “Smart Airports Market - Global Forecast to 2021” Know more about the Global Market: https://www.marketsandmarkets.com/Market-Reports/smart-airports-market-544.html The passenger, cargo & baggage ground handling control segment accounted for the largest market share in 2016. Based on technology, the passenger, cargo & baggage ground handling control segment of the smart airports market accounted for the largest market share in 2016. The increase in the adoption of new systems such as self-scanning, automated collection of fees at the self-bag drop, and direct transfer to the final destination are major factors driving this segment. Furthermore, increased concern for safety and
improved customer service are also the driving the passenger, cargo & baggage ground handling control segment. The non-aeronautical operations segment of the smart airports market is expected to witness higher growth during the forecast period Based on application, the non-aeronautical segment of the smart airport is projected to have a high growth rate during the forecast period. The constant drive to increase non-aeronautical revenue opportunities has been a priority for airport business models. Services such as food-and-beverages, advertising, retail outlet, smart parking, personalized services, Wi-Fi, and lounge access are key resources for generating overall airport profitability. This increasing demand for non-aeronautical operations and revenues are expected to drive the growth of non-aeronautical operations segment during the forecast period. The smart airports market in Asia-Pacific is projected to grow at the highest CAGR during the forecast period The smart airports market in Asia-Pacific is estimated to grow at the highest CAGR during the forecast period. The rise in passenger movement has led the airports to upgrade services and technologies such as security systems, communication systems, and baggage & cargo handling systems, among others for secure and hassle free operations. Moreover, airport authorities have approved the major development of greenfield airport in countries such as India and China which led to the increase in investments in this region. Heavy investment in upgrading existing airports, developing new airports with advanced features such as facial recognition software for immigrations, advanced baggage handling systems and advanced security systems such as Computed Tomography (CT) scanners and Full Body Scanners will have an impact on the smart airports market. Press Release: https://www.marketsandmarkets.com/PressReleases/smart-airports.asp Key players in the smart airports market include Honeywell Corporation Inc (US), Rockwell Collins (US), SITA (Switzerland), Siemens AG (Germany), IBM Corporation (US), and Amadeus IT Group SA (Spain) among others. Don’t miss out on business opportunities in Smart Airports Market. Speak to our analyst and gain crucial industry insights that will help your business grow. About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend"
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