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Advanced Airport Technologies Market Share

Report ID: GMI7563
Published Date: Dec 2023
Report Format: PDF

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Advanced Airport Technologies Market Share

Major players operating in the advanced airport technologies industry are:

ABB Ltd
Honeywell International Inc.
Johnson Controls International PLC
L3Harris Technologies Inc.
Raytheon Technologies
Smith Detection Group Ltd
Thales Group

Raytheon Technologies holds the largest market share, with a diverse portfolio and a strong focus on research and development, the company's expertise in defense and security technologies, coupled with its innovative solutions, has likely contributed to its prominence in the airport technologies sector. Also, global presence and strategic collaborations have played a role in securing contracts and partnerships for airport projects worldwide.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

Market size for advanced airport technologies reached USD 33.5 billion in 2022 and is estimated to expand at over 4% CAGR from 2023 to 2032, driven by the considerable rise in air traffic worldwide.

Advanced airport technologies from the biometrics and identity management segment is estimated to generate sizable revenue share by 2032 attributed to growing demand at airports for enhancing security, efficiency, and passenger experience.

North America held more than 35% revenue share of the advanced airport technologies market in 2022 and is set to expand at a robust CAGR from 2023-2032 owing to the robust air travel infrastructure, and substantial investments in modernization and adoption of cutting-edge technologies across the region.

Some major companies engaged in the advanced airport technologies market are ABB Ltd., Honeywell International Inc., Johnson Controls International PLC, Raytheon Technologies, Smith Detection Group Ltd, and Thales Group, among others.