Airport IoT Market Research Report: Information by Airport Type (Commercial Airport, Cargo Airport, and General Airport), Application (Passenger Handling, Operations, and Security), Technology (Sensing Layer Technology, Network Layer Technology, and Application Layer Technology), and Region (North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America) - Global Forecast till 2027
| December 2022
| Region: Global | 124 Pages
Airlines are successfully realigning their business models, while airplane manufacturers are launching new fleets that can carry more passengers at lower costs. This has led to the need for innovative airport operating technologies such as the Internet of Things (IoT), which is a computing concept where physical objects are connected to the Internet. IoT can transform the aviation industry by offering a seamless travel experience and enhancing operational efficiency.IoT has the potential to streamline operations that cannot be controlled individually and, thus, help ease the burden on airport infrastructure and workforce. Several airport facilities are connected to optimize and control airport operations such as digital marketing and signage, live information sharing, remote sensors for monitoring runway or environmental conditions, and IP cameras. Digital IoT beacons are strategically placed throughout the airport that can make navigation more manageable and less frustrating. The beacons use Bluetooth geolocation, which can provide real-time information on parking availability, airport schedules, shopping stores, and other information.By using advanced biometric systems, any person entering an airport can be identified. The implementation of airport IoT technologies offers a higher standard for customer care and overall performance. Linking each device in an airport through a robust cellular network allows airport operators to conduct in-depth data collection and performance tracking for improved operations and helps to provide better statistical summaries for airport management.The increasing need for integrating multiple systems in airports is primarily driving the growth of the market. The integration of systems helps provide flexibility in operations and proactive service delivery at airports. Moreover, an increasing number of passengers is expected to drive market growth in the near future.
Segmentation of the Airport IoT Market
Based on airport type, the market has been segmented into a commercial airport, cargo airport, and general airport. The commercial airport segment accounted for the largest market share in 2018 and is expected to witness the highest CAGR during the forecast period from 2019 to 2025. Increasing air passenger traffic and growing development of airport infrastructure are driving the growth of the segmentBased on technology, the market has been segregated into sensing layer technology, network layer technology, and application layer technology. Network layer technology segment accounted for the largest market share in 2018 and is expected to grow at the highest CAGR during the forecast period. Networking technologies allow IoT devices to communicate with other devices as well as with applications and services on the cloud.Based on application, the market has been divided into passenger handling, security, and operations. The passenger handling segment dominated the market in 2018 and is expected to witness the highest CAGR during the forecast period from 2019 to 2025. Development of passenger management systems, growing need for security, and reduction of congestion of airports are driving the growth of the segment.Based on the region, the market has been categorized as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. North America is estimated to acquire the most significant market share in 2018. However, Asia-Pacific is expected to grow at the highest CAGR during the forecast period from 2019 to 2025. Factors such as the increasing air passenger traffic and rising adoption of IoT technologies by airports at developing countries such as China and India are driving the airport IoT market in the region. For instance, in February 2019, Bangalore International Airport Limited (BIAL) planned to implement Digi Yatra biometric boarding system atKempegowda International Airport. Hence, the growing adoption of IoT technologies at airports to offer enhanced safety and travel experience to the passenger is driving the market growth in the region.
Intended Audience of Airport IOT Market
Airport IoT providers
Airport IOT Market Key Players
The key players in the global airport IoT market are Amadeus IT Group (Spain), Cisco Systems, Inc. (US), Honeywell International Inc (US), Huawei Technologies Co., Ltd (China), IBM Corporation (US), Microsoft Corporation (US), SAP SE (Germany), Collins Aerospace (US), Siemens AG (Germany), SITAONAIR (Switzerland), Wind River Systems, Inc. (US), Accenture (US), and Amazon Web Services, Inc. (US).
Airport IOT Market Research Methodology
The market values and forecasts are derived using MRFR research methodology, which includes secondary research, primary interviews, data triangulation, and validation from an in-house data repository and statistical modeling tools.
Airport IOT Market Secondary Research
In this process, data is collected from various secondary sources, including annual reports, SEC filings, journals, government associations, aerospace & defense magazines, white papers, corporate presentations, company websites, and paid databases.
Airport IOT Market Primary Research
n this process, both the demand- and supply-side parties are interviewed to extract facts and insights into the market forecast, production, trends, and projected market growth. Industry stakeholders such as CEOs, VPs, directors, and marketing executives across the value chain are approached to obtain key information.
Airport IOT Market Key Insights
Airport IOT Market Sizing, Forecast, and Analysis: Detailed coverage of the market segment and sub-segments
Regional/Country Trends and Forecast: Detailed analysis of the market in North America, Asia-Pacific, Europe, the Middle East & Africa, and Latin America, along with key countries in each region
Market Dynamics Intelligence: Market drivers, opportunities, trends, restraints, Porter’s five forces, supply chain, and value chain analysis
Technology Trends, Regulatory Landscape, and Patent Analysis Outlook
Competitive Intelligence: Market share analysis, financial analysis, product benchmarking, and strategic developments including joint ventures, product launches, and mergers & acquisitions
Regional attractiveness and related growth opportunities
Airport IOT Market Report Customization
MRFR offers report customization to valued customers. Below are the options available for customization:
In-depth profiling of additional market players (3 to 4 companies)
Detailed analysis of a country-level market and related segments as per the report scope (subject to data availability)