October 15, 2020
According to the research report titled ‘North America Smart Airport Market Share, Size, Trends, Industry Analysis Report, By Technology Type; Component Type; By Application Type; By Location Type; By Countries, Segment Forecast, 2020 – 2026’ available with Market Study Report, North America smart airport market is estimated to attain a valuation of USD 7.74 billion by the year 2026.
Escalating demand for real-time information and automated processes at airports along with rising efforts by airports to offer enhanced and seamless passenger experience by addressing problems such as long queues and lost baggage complaints are augmenting the growth of the North America smart airport market.
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Moreover, implementation of smart airport security technologies such as such as automatic check-in and flight booking management, increasing adoption of digital technologies like intelligent passenger steering and transport synchronization is positively impacting the business landscape. Besides, increasing emphasis towards service optimization and enhancing airport processes, rising investments on IT & digital technology integration by airport operators are further enhancing North America smart airport market outlook.
Growing environmental concerns, flourishing commercial aviation sector, retrofitting of aging airports, and establishment of new airports are the other rationales contributing to the industry expansion. On the contrary, security concerns regarding passenger data privacy, possibility of human error, high risks associated with the unauthorized modification and usage of the software, and configuration errors are expected to impede the growth of North America smart airport market over the forecast period.
As per the country-level analysis of the report, U.S. smart airport market held a significant number of shares of the overall market in 2018 and is estimated to display similar growth trends through 2026. High concentration of airports, increasing flying volume, and rising adoption of innovative technologies such as machine learning, AI (artificial intelligence), and robotics in the aviation industry are fostering the industry expansion in U.S.
Leading organizations that outline the competitive dynamics in North America smart airport industry are T-Systems International GmbH, Thales Group, Rockwell Collins, Inc., Siemens AG, Sabre Corporation, QinetiQ Group plc, IBM Corporation, Honeywell International Inc., Cisco Systems, Inc., and Amadeus IT Group SA.