Airport 4.0 Market Trends

  • Report ID: 6390
  • Published Date: Sep 05, 2024
  • Report Format: PDF, PPT

Airport 4.0 Market Trends

Growth Drivers:

  • Greater focus on increasing the experiences of passengers: Airports implement technologies such as AI-fueled self-service kiosks, biometric tests, and automatic luggage transport to ease passengers’ transit. For example, in November 2023, Collins Aerospace was selected to offer new AI security detecting software, integrating the operations of airports and intelligence systems, and increasing efficiency and accuracy at NEOM Bay Airport. Passengers focus on traveling more quickly and easily, leading to more than half of the 10 billion spending on Airport 4.0 solutions for passenger improvements. Along these lines, demand is increasing as more technologies and solutions are integrated, benefitting Airport 4.0.
  • Growth in cybersecurity applications: As more airports are connected, more information flows digitally. Implementing secure systems becomes imperative for governments and airport operation agencies to preserve critical functioning. For instance, Thales Group developed a new HELIXVIEW baggage detecting system in June 2022, incorporating AI and cybersecurity interests. The use of the new system can obtain a higher level of security for airports, as well as an enhanced performance from the operation.   
  • Increased use of the IoT and big data software with Airport 4.0: The numbers and data logs in Airport 4.0 are used for real-time monitoring and preventive upkeep and reparation actions. The system maintains the travel service availability at a higher level and for less spending. In April 2024, SITA launched SITA Airport Operations Total Optimizer, a new-generation airport operations management platform, securing 30% faster action times. Over one-third of its software will exchange traditional systems with improved ones. It alternates with considerable propensities, leading to the application of more IoT and big data solutions relative to previous types.

Challenges:

  • Level of complexity of integrating new technologies with existing systems: It is difficult for airports to modify their infrastructure and make space for digital solutions. Additionally, things that have to be added have to operate simultaneously with current ones with no disruptions. Some companies often face challenges while implementing a new baggage handling system which poses a serious concern to the adoption of Airport 4.0 solutions.
  • Stringent regulations surrounding Airport 4.0: Another important obstacle is the legislation that determines the conditions under which new technologies can be implemented. Regulations and standards are crucial for ensuring safety, and there is no way that outdated legislation can address current security concerns. On the other hand, these rules can slow down the implementation of some new solutions. Local standards and requirements need to be satisfied, so the deployment can get delayed.  

Airport 4.0 Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

6.8%

Base Year Market Size (2023)

USD 15.6 billion

Forecast Year Market Size (2036)

USD 36.7 billion

 

Regional Scope

 

  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Browse Key Market Insights with Data Illustration:


Author Credits:  Dhruv Bhatia


  • Report ID: 6390
  • Published Date: Sep 05, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The Airport 4.0 market size was USD 15.6 billion in 2023.

The global airport 4.0 market size was US 15.6 billion in 2023 and is expected to reach USD 36.7 billion by the end of 2036, expanding at a CAGR of 6.8% over the forecast period, i.e., 2024-2036.

Honeywell International, Inc., Cisco Systems, Siemens AG, SITA, Smart Airport System SAS, Thales, T-System International, IBM Corp, Raytheon Technologies, and Huawei Technologies Co., Ltd., are some key players in the market.

The non-aeronautical segment is anticipated to hold a share of 57% during the forecast period.

North America is projected to offer lucrative prospects with a share of 45% during the forecast period.
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