Global Smart Airport Construction Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Type;

Security Systems, Communication Systems, Passenger, Cargo & Baggage Handling Control, Air/Ground Traffic Control and Other.

By Application;

Defense & Military and Commercial and Civil.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn468356502 Published Date: April, 2024 Updated Date: May, 2024

Introduction

Global Smart Airport Construction Market (USD Million), 2020 - 2030

In the year 2023, the Global Smart Airport Construction Market was valued at USD 1,098,285.75 million. The size of this market is expected to increase to USD 2,073,071.03 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 9.5%.

The global smart airport construction market is experiencing a significant upsurge driven by advancements in technology and the growing demand for efficient airport operations. Smart airports integrate cutting-edge technologies like Internet of Things (IoT), artificial intelligence (AI), big data analytics, and automation to enhance passenger experience, optimize operations, and improve safety and security. This integration enables airports to efficiently manage resources, reduce delays, and provide personalized services to passengers, airlines, and other stakeholders. As a result, the smart airport construction market is witnessing substantial growth as airports worldwide seek to modernize their infrastructure and meet the evolving needs of travelers and airlines.

One of the key drivers propelling the growth of the smart airport construction market is the increasing air passenger traffic globally. With the rise in air travel demand, airports are under pressure to upgrade their facilities to accommodate higher passenger volumes while ensuring seamless operations. Smart airport technologies offer solutions to manage congestion, streamline passenger flow, and enhance overall efficiency, thereby addressing the challenges posed by growing air traffic. Additionally, governments and airport authorities are investing heavily in the development of smart airports as part of their efforts to promote economic growth, improve connectivity, and strengthen their position in the global aviation industry.

Moreover, the emergence of smart city initiatives and the focus on sustainability are influencing the construction of smart airports worldwide. Smart airports are integral components of smart city ecosystems, contributing to urban development goals such as sustainability, resilience, and connectivity. By implementing eco-friendly practices, energy-efficient systems, and intelligent infrastructure, smart airports aim to minimize their environmental footprint and operate in a more sustainable manner. This alignment with broader smart city objectives encourages investment in smart airport construction projects and fosters collaboration between airport authorities, technology providers, and government agencies.

Furthermore, the COVID-19 pandemic has underscored the importance of technology-driven solutions in ensuring the safety and health of travelers within airport premises. Smart airport technologies such as contactless check-in, biometric authentication, and real-time monitoring systems have become increasingly essential for reducing physical contact and mitigating the spread of infectious diseases. As airports adapt to the new normal and implement measures to enhance hygiene and sanitation, the demand for smart airport construction is expected to surge further, driving innovation and investment in the market. Overall, the global smart airport construction market is poised for robust growth, driven by technological advancements, increasing air traffic, smart city initiatives, and the imperative for enhanced safety and efficiency in airport operations.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Smart Airport Construction Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Technological Advancements
        2. Increasing Air Passenger Traffic
        3. Government Initiatives and Investments
      2. Restraints
        1. High Initial Investment Costs
        2. Integration Challenges
        3. Regulatory and Privacy Concerns
      3. Opportunities
        1. Rising Demand
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Smart Airport Construction Market, By Type, 2020 - 2030 (USD Million)
      1. Security Systems
      2. Communication Systems
      3. Passenger
      4. Cargo & Baggage Handling Control
      5. Air/Ground Traffic Control
      6. Other
    2. Global Smart Airport Construction Market, By Application, 2020 - 2030 (USD Million)
      1. Defense & Military
      2. Commercial and Civil
    3. Global Smart Airport Construction Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN(Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. AECOM
      2. Bechtel
      3. CH2M
      4. Fluor
      5. TAV Construction
      6. Amadeus IT Group
      7. Balfour Beatty
      8. Cisco
      9. Crossland Construction
      10. Gilbane
      11. GMR Group
      12. GVK Industries
  7. Analyst Views
  8. Future Outlook of the Market

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