Airport 4.0 Market Size

Airport 4.0 Market size was over USD 15.6 billion in 2023 and is expected to reach USD 36.7 billion by the end of 2036, growing at around 6.8% CAGR during the forecast period i.e., between 2024-2036. In 2024, the industry size of airport 4.0 is assessed at USD 16.6 billion.

The airport 4.0 market is expected to demonstrate considerable growth prospects during the forecast period. There has been rapid adoption of digital solutions in operations and customer service. The concept of smart airports that incorporate the use of IoT, AI, and big data technologies is gaining popularity with many such facilities. In pursuing cost-effective operations and innovative services, airports are expanding their IoT capabilities for predictive maintenance, employing AI for automated registration or baggage processing and big data analytics to realize real-time data processing. With a growing number of travelers and strict security requirements, there are opportunities for the market and modernization of existing airport systems.

There is an emerging trend among companies operating in the airport 4.0 market to focus more on smart technology development and deployment. The industry’s efforts to introduce new solutions for the better efficiency of airport services are not restricted to baggage processing. Companies work on AI-driven security systems and digital tools, aimed at increasing passenger flow and airport use efficiency. For instance, in April 2023, Frankfurt Airport signed a five-year agreement with Consultants to Government and Industry (CGI) to deliver the technology for the security of the facility. Ongoing investments in integrating modern technologies to optimize airport operations are fostering airport 4.0 market growth.