Smart Airports Market Size

Smart Airport Market size was valued at USD 5.86 billion in 2023 and is expected to reach USD 23.29 billion by 2036, expanding at around 11.2% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of smart airport is assessed at USD 6.39 billion.

As commuters become more technologically sophisticated and connected, we have entered the “Airport 3.0” revolution where technology and data combined transform airport operations.

Digital technology such as cloud computing, big data and analytics, smart machines and robots, virtual modeling and simulation, and the internet of things (IoT) has been implemented in smart airport for the operations. Cloud computing can facilitate airports to be more responsive and created new solutions with better ease. Whereas, analytics and virtual modeling can help in monitoring passenger flows.

As the countries across the globe have gone into lockdowns, the aviation sector has suffered enormously. As the primary point of entry and exit in most countries, airports play a vital part in handling health emergencies.

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of smart airport is assessed at USD 6.39 billion.

Smart Airport Market size was valued at USD 5.86 billion in 2023 and is expected to reach USD 23.29 billion by 2036, expanding at around 11.2% CAGR during the forecast period i.e., between 2024-2036.

North America industry is likely to dominate majority revenue share by 2036, as airports across urbanized regions, have automated parking facilities.

The major players in the market are Collins Aerospace, IBM Corporation, Huawei Technologies Co., Ltd., Cisco Systems, Inc., SABRE GLBL INC., Amadeus IT Group SA, SITA, Honeywell International Inc., Siemens AG, Thales Group, and others.

Smart Airports Market Size