Smart Airport Industry - Regional Synopsis
Geographically, the smart airport market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region.
North America industry is expected to dominate majority revenue share by 2037, as airports across urbanized regions, have automated parking facilities.to capture a greater profit share of the non-aeronautical operations segment. According to the US Transport Security Administration (TSA), American airports alone touched a record of 813.8 million travelers in 2018. Additionally, the TSA coped to embark on a more stringent form of carry-on screening techniques at airports across the US. This rise in air tourism is attributable to growing income and overall economic development in the region, producing a need for smart management of airport operations.
Europe is the second-largest smart airport market due to escalation in smart airport initiatives in the countries, such as Germany, France, and Spain.
Asia-Pacific region is projected to bolster as the fastest-growing region over the forecast period, owing to a sharp proliferation in traveler traffic, improvement and implementation of novel technologies in airport communication and security systems, and flourishing tourism industry in India and China.
