Smart Airports Market (Application & Technology) Expected to Reach $13,481.17 Million by 2020

The report "Smart Airports Market by Application (Landside, Terminal-Side and airside application), Technology (Security System, Communication System, Air / Ground Traffic Control, Passenger, Baggage & Cargo System and Other Technologies) & by Geography (North America, Asia-Pacific, Europe, Latin America & Africa and the Middle East) - Forecasts & Analysis to 2014 - 2020", the global market for smart airports is estimated at $9,718.07 million in 2014 and it is expected to reach $13,481.17 million by 2020, registering a CAGR of 5.61%.

Browse 100 market data tables with 79 figures spread through 220 pages and in-depth TOC on "Smart Airports Market".

Early buyers will receive 10% customization on this report.

Inquiry Before Buying @

Air travel used to be an expensive affair, often used by high income earners, executive-class business professionals, and political leaders to travel to distant places. Only few players had been providing air transport facilities, as passenger traffic was comparatively lesser. Globalization is considered to be a major and the most important factor that has built and expanded the aviation industry as it stands today.

Smart airports concept is an outcome of the new aviation era, when the overall airport industry underwent a transformation phase. Growing air travel demand and increasing air passenger traffic is considered as a major factor leading to the transformation of airports. While airports had been considered as infrastructure providers, now they are considered as service providers with offering modern amenities.

A smart airports concept is intended to facilitate end-to-end information exchange between all stakeholders including airports, aircraft operators, airport authorities, and passengers. This concept is developed to provide a platform for collaborative decision making. It includes various systems integrated at airports such as advance security systems, information systems, communication systems that provide real-time data to monitor airport operations including landside, terminal-side, and airside.

This concept is expected to have a significant impact on the overall aviation sector. The global market for smart airports is estimated at $9,718.07 million in 2014 and it is expected to reach $13,481.17 million by 2020, registering a CAGR of 5.61%.

The global market for smart airports has been bifurcated on the basis of application technology and geography including major countries. Terminal-side application segment accounts for a larger market share when compared to other application segments in global market for smart airports. Asia-Pacific is expected to register higher CAGR, as the market for smart airports in the region is projected to increase from $2,367.32 million in 2014 to $3,571.16 million by 2020, at CAGR of 7.09%.

Speak to Analyst @

About MarketsandMarkets

MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Mr. Rohan

North - Dominion Plaza,
17304,Preston Road,
Suite 800, Dallas, TX 75252
Tel: +1-888-600-6441