Airport IOT Market Trends

The Global Airport IoT Market is projected to grow from 6.2 USD Billion in 2024 to 48.8 USD Billion by 2035, reflecting a robust growth trajectory.

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), Amazon Web Services, Inc. (US)

SITA has partnered with Microsoft to develop a new cloud-based platform for airport operations. The platform will use Azure IoT to collect and analyze data from sensors throughout the airport, and will use machine learning to improve efficiency and passenger experience.

Air France-KLM has launched a pilot program to use blockchain technology to track baggage. The program will use sensors to track baggage throughout its journey, and will use blockchain to create a secure and tamper-proof record of its location.

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 2021 and is expected to witness the highest CAGR during the forecast period from 2022 to 2032. Increasing air passenger traffic and growing development of airport infrastructure are driving the growth of the segment Based 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 2021 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 2021 and is expected to witness the highest CAGR during the forecast period from 2022 to 2030. 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 2022 to 2032. 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 at Kempegowda 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
• Airline companies
• Technology companies
• Government authorities
• Research institutes
• Regulatory bodies

Compitative Landscape

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

In 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:

• Company Profiles

In-depth profiling of additional market players (3 to 4 companies)

• Country-Level Analysis

Detailed analysis of a country-level market and related segments as per the report scope (subject to data availability)