Transportation News and Press release service

Home > Transportation News
  • Aerospace News
  • Air Services News
  • Airlines News
  • Auto Dealership
  • Auto Manufacturers
  • Auto Parts News
  • Railroad News
  • Shipping News

    Watch Transportation News Video


  • Smart Airport Market - Technological Advancements and Evolving Industry Trends




    (Transportation-News.com, January 31, 2020 ) The report "Smart Airports Market by Technology (Communication, Security, Cargo & Baggage Handling, Traffic Control, Endpoint Devices), Landside, Airside, Terminal Side, Application, Region - Global Forecast to 2021", published by MarketsandMarkets, the market is projected to grow from USD 11.31 Billion in 2016 to USD 14.87 Billion by 2021, at a CAGR of 5.64% during the forecast period. The base year considered for the study is 2015, and the forecast period is from 2016 to 2021.

    Browse 118 market data Tables and 67 Figures spread through 199 Pages and in-depth TOC on "Smart Airports Market"



    Factors such as travelers' growing needs for real-time information and airports moving towards customer centric approach are expected to drive the growth of the smart airports market.



    The passenger, cargo & baggage ground handling control segment accounted for the largest market share in 2016



    Based on technology, the passenger, cargo & baggage ground handling control segment of the smart airports market accounted for the largest market share in 2016. The increase in the adoption of new systems such as automated collection of fees at the self-bag drop, self-scanning, and direct transfer to the final destination is driving this segment. Furthermore, increased concern for safety and improved customer service are also the driving the passenger, cargo & baggage ground handling control segment.



    Download PDF Brochure @

    http://www.marketsandmarkets.com/pdfdownload.asp?id=544



    The non-aeronautical operations segment of the smart airports market is expected to witness higher growth during the forecast period



    Based on application, the non-aeronautical segment of the smart airport is anticipated to witness higher growth during the forecast period. The constant drive to increase non-aeronautical revenue opportunities has been a priority for airport business models. Services such as food-and-beverages, advertising, retail outlet, smart parking, personalized services, Wi-Fi, and lounge access are key resources for generating overall airport profitability. This increasing demand for non-aeronautical operations and revenues are expected to propel the growth of non-aeronautical operations segment during the forecast period.



    The smart airports market in Asia-Pacific is projected to grow at the highest CAGR during the forecast period



    The Smart Airports Market in Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period. The rise in passenger movement has led the airports to upgrade services and technologies such as security systems, communication systems, and baggage & cargo handling systems, among others for secure and hassle free operations. Moreover, airport authorities have approved the major development of greenfield airport which led to the increase in investments in countries such as India and China.



    Inquiry Before Buy @



    http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=544



    Key players in the smart airports market include Honeywell Corporation Inc (U.S.), Rockwell Collins (U.S.), SITA (Switzerland), Siemens AG (Germany), IBM Corporation (U.S.), and Amadeus IT Group SA (Spain) among others.

    MarketsandMarkets

    Mr. Shelly Singh

    1-888-600-6441

    sales@marketsandmarkets.com

    Source: EmailWire.Com

    Source: EmailWire.com

    Transportation Resources

    For unlimited press release distribution for $99 per month, call (281) 645-4086 or start posting your press releases online at EmailWire.com.
    Copyright 2007 GroupWeb Media LLC
    GroupWeb Media Network

    Aviation-NewsWire | ArtNewsWire | Auction NewsWire | CRM NewsWire | ePhotoNewsWire | Energy Industry | EstateNewsWire | Entertainment-NewsWire.com | Food Beverage News | Glamour NewsWire | Health NewsWire | Hosting NewsWire | i-Auto NewsWire | i-Business News | i-Homeland Security.Com | iMac-NewsWire.Com | i-Press-Release-Service | i-SoftwareNews.com | iT-NewsWire.Com
    | i-TravelNewsWire.Com | MoneyNewsWire.Net | Movie-Stars-News.Com | MSNewsWire.Net | PharmaNewsWire.Com | Publishing-NewsWire.Com | RSSNewsWire.Net | Telecom-NewsWire.Net | Transportation-News.Com | USGovernment-News.Com | WebPosters.Net | Wireless-NewsWire.Com | VoIPNewsWire.Net | XSportsWorld.Net
    EuropeNewswire.net - Newswire and Press Release service of GroupWeb Media LLC