Airport 4.0 Market - Regional Analysis
North America Market Insights
North America industry is set to account for largest revenue share of 45% by 2035 One of the significant drivers of the region’s growth is the substantial investments in digital infrastructure and the introduction of advanced technologies that contribute to the more effective operation of airports. The U.S. and Canada are leaders in this market as big data, AI, and IoT are increasingly being used in airports in these countries with an aim to improve the passenger experience as well as the efficiency of the operation.
In the U.S., large airports aim to make significant investments in digital technologies. For example, in April 2023, the Transportation Security Admiration announced that Idemia Identity& Security USA would implement next-generation credential technology for USD 128 million. This contract is intended to improve airport security and emphasizes the commitment of the U.S. federal government to the support of innovative solutions for smart airports.
In Canada, the government also takes serious steps to ensure that the adoption of Airport 4.0 technologies is quick. For example, in February 2023 the Canadian government invested in smart airport initiatives to improve airport operation using the examples of easing passenger screening and other processes with the assistance of AI. Thus, Canada is an important market for Airport 4.0 products, including software and other solutions, as the region is undertaking steps to develop the most efficient airport operation.
Europe Market Insights
In Europe, the adoption of airport 4.0 is rising, and the region’s share in the global airport 4.0 market is estimated to rise at a considerable rate through 2035. The main factors contributing to the high rate of the region’s growth are the substantial investments in smart airport projects by airports in the region and the development of digital technologies. European countries use big data, IoT, and other tools to improve airport operations by making them more efficient and secure and providing a better traveling experience for the passengers. AI and similar tools, for example, are used in the UK to observe passenger behavior flow in the London City airport to improve the efficiency of services provided to travelers and in other European locations for similar purposes.
The government in Germany is also working on the development of smart airports and taking specific steps to ensure faster adoption of new approaches by large airports. In particular, in June 2023, Frankfurt Airport announced its plans to introduce a partnership with CGI to speed up the digital transformation and implement AI-driven solutions to improve passenger flows and operations.
