Smart Airports market to be worth USD 15.4 billion by 2022 According to latest Research

The Global Smart Airports market is accounted for $10.25 billion in 2015 and is projected to register a CAGR of 6.0% to reach $15.4 billion by 2022. Growing air passenger traffic, increasing capital investments to modernize airports, and growing concerns for security are the major factors boosting the market growth. Furthermore, raising demand for baggage management, innovative technological advancements in systems & solutions are some of the other factors driving the market. On the other hand, intensified competition, indefinite operational and regulatory guidelines are the restrains limiting the market growth.
Airport operations and business models have progressed dramatically over the last two decades to support the rapid growth of the global airline industry. Passengers are keen to induce new services to trim down their travel stress and ease the processing from check-in to boarding the flight. The technological advancements provided by the smart airports help reduce the passengers stress of journey and offers convenience. The Asia Pacific smart airport market is anticipated to grow at the highest CAGR amongst all regions. The growth is attributed to increasing in number of airports, raising demand for hassle free air travelling, and growing air passenger traffic.

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Some of the key players in global smart airports market include Airit, Amadeus IT Group SA, CISCO System, Inc., Honeywell International, Inc., IBM, Indra, Nice Systems Ltd., Qinetiq Group PLC, Raytheon Company, Sabre, Selex Es S.P.A, Siemens AG, SITA, Thales Group, and Wipro Limited.
Services Covered: Smart Workplace Services , Mobile Worker And Expert Locator, Equipment Telematics solutions, Smart Business-t-Business Services , Smart Supply-Chain and MR Services, Traffic and Facilities Management, Smart Transport and Parking Services , Trip Concierge, Real-time Travel Services, Intelligent Transport Services, Smart Airport Processes , RFID Baggage Tagging, N-queue Check-in solutions, location-Based Services, Smart Retail, Hospitality, and Entertainment Services , Intelligent Advertising, Telepresence Roms, Passenger-Specific Retail And Hospitality, Lean Retail solutions

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Solutions Covered:
Landside , Access Rods, Airport City, Car Rental, Mass Transit, Parking, Perimeter Security, Terminal Side , Energy Management, Building Management And Automating Systems, Digital Video Surveillance And Management (DVM), HVAC, Fire And Life Safety Solutions, Life Cycle Services, Lighting Control, Airside , Surface Movement Guidance, Airfield Ground Lighting (AGL), Digital and Radar Vide Surveillance, Runway Improvement and Apron Management, Advanced Visual Docking Guidance System (A-VDGS)
Technologies Covered: , Security Systems , Alerts & Cyber Security, Biometrics, E-Tag System, E-Fence & Ground Surveillance Radar, Passenger, Cargo and Baggage Ground Handling Control , Robt’s for Passenger and Baggage Movement, RFID Baggage Reconciliation  System, IT Enabled Beacons, E-gates, Common-use Self-service (CUSS) kiosks, Endpoint Devices , IP Phone, Sensors, Vide Conferencing, Tags, Communication Systems , Near Field Communication, Smart Phones, Wireless Airports, Social Media, Air/Ground Traffic Control , Automated Passport Controls, Smart Systems & Scalable Air Traffic Management solutions (ATM), there Technologies , Airport Management Software, Digital Signage, Landing Aids, Navigational