Airport 4.0 Market Segmentation:
Operation Segment Analysis
By operation, the non-aeronautical segment is expected to dominate the global airport 4.0 market with a 57% share during the forecast period, driven by an increasing focus on generating revenues from other sources such as retail, food, and other entertainment. The use of digital technologies and data analysis in the collection of non-aeronautical revenues and consumer management is a major factor in non-aeronautical segment growth. For example, in October 2023, Fraport AG launched a new digital retail platform for passengers at Frankfurt Airport where passengers can purchase products online and receive purchases at gates in the future.
Size Segment Analysis
The large airport segment in terms of size is expected to dominate the airport 4.0 market over the medium and small-size airport segments during the forecast period owing to increasing passenger traffic and complex operation transformational changes in large-size airports. The advent of Airport 4.0 solutions, which pursue implementing AI-based security systems and real-time data analytics, among other advanced solutions, is expected to drive the Airport 4.0 market during the forecast period. Air Marakanda, which operates the newly modernized Samarkand International Airport, completed the first phase of digitalization within its smart airport project in July 2022, which is expected to strengthen the operational success of large airport size and dominate the market.
Application Segment Analysis
The airside segment in the airport 4.0 market is expected to register robust revenue CAGR during the forecast period. Increasing attention is been given to various solutions that increase investment in complete airside logistics, such as ground control, all ground handling, aircraft management, and air traffic control. In July 2022, Siemens AG announced the increased focus on specializing in airside solutions in the field of airport logistics. This system will allow the reduction of operational delays and ensure effective airside operation.
Our in-depth analysis of the airport 4.0 market includes the following segments
|
Operation
|
|
|
Size |
|
|
Application |
|
|
End Market |
|
