Smart Airport Market Analysis

Smart Airport Market Analysis

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Based on operation, the market is categorized into aeronautical and non-aeronautical. The non-aeronautical segment held a market share of around 69% in 2022 and will witness substantial growth over the projected period. This expansion is fueled by the increasing emphasis on revenue diversification beyond traditional aviation services. Smart solutions are being applied to enhance the efficiency of retail, dining, and other non-aeronautical services within airports. By leveraging technology for better passenger experiences and optimizing commercial opportunities, the non-aeronautical segment emerges as a key growth area, contributing to the overall development of smart airports.
 

Based on application, the market is divided into landside, airside, and terminal side. The terminal side segment accounted for around 60% market share in 2022 and is expected to witness significant growth in the coming years. This growth is driven by the increasing demand for advanced technologies in airport terminals including biometric authentication, contactless check-in kiosks, and smart security systems. The focus on enhancing passenger experiences, optimizing operational efficiency, and ensuring a seamless journey contributes to the growing adoption of smart solutions on the terminal side, making it a key driver for market expansion.
 

North America is experiencing growth in the market. The region accounted for a market share of around 36% in 2022 and is anticipated to experience significant growth over the forecast period. This expansion is attributed to the region's robust infrastructure, technological advancements, and a high level of awareness & adoption of smart technologies. Increased investments in airport modernization projects, a focus on enhancing passenger experiences, and the presence of key industry players contribute to North America's dominance in the global smart airport market. For instance, in July 2023, Xwell introduced an automated manicure service at Miami International Airport, bringing innovation to the travel experience. This automated system offers passengers the convenience of on-the-go manicures, aligning with the growing trend of integrating automated services to enhance customer satisfaction at airports.