iCrowdNewswire Jan 8, 2021 6:00 PM ET
Fatpos Global has released a report titled “Smart Airports Market — Analysis of Market Size, Share & Trends till 2020 and Forecasts to 2030” which is anticipated to reach USD XXX billion by 2030. According to a study by Fatpos Global, the market is anticipated to portray a CAGR of XX% between 2020 and 2030. According to the report, this growth is anticipated due to increasing mergers and acquisitions across various sectors which will create a worldwide demand for Smart Airports. Increased penetration of automated and linked airport processes including self-service check-ins, intelligent baggage drops, and intelligent bag tracking can be accredited to the development of the market. Furthermore, the growing demand is expected to increase over the forecast period for a variety of technologically advanced non-aeronautical devices, communication devices, and safety systems, such as electronic baggage tags.
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The market report on Smart Airports Market includes in-depth insights as:
There is high passenger traffic at airports, which continues to rise year after year. The revenue of airports is therefore directly proportional to their passengers. More than 70% of global air passenger traffic is managed by large and medium airports. Therefore, in order to promote successful airport operations, airports need to update and incorporate intelligent systems. Medium-sized airports are industry leaders since many medium-sized airports around the world are present in large numbers.
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Smart Airports Market: Regions
North America was the largest market accounting for XX% of total market volume share in 2019
Throughout North America, the United States dominates the intelligent airport market. Operations at airports need to be streamlined by fueling innovation in intelligent applications. IoT, AI, and AV VR implementation have the ability to simplify and provide accountability for airport operations. The largest number of airports around the world fuels North America’s demand for IoT technology integration.
Key Players in the Smart Airports Market:
- IBM Corporation (US)
- Cisco Systems, Inc. (US)
- Amadeus IT Group SA (Spain)
- Honeywell International Inc. (US)
- Thales Group (France)
- Daifuku Co., Ltd. (Japan)
- Huawei Technologies Co., Ltd. (China)
- Sabre Corp. (US)
- Siemens AG (Germany)
- lndra Sistemas, S.A. (Spain)
- SITA (Switzerland)
About Fatpos Global
Fatpos Global is a leading management consulting, advisory, and market research organization that serves its clients globally by its team of experts and industry veterans that have years of expertise for management consulting, advisory, and market research analysis. The organization functions across business consulting, strategy consulting, and market research, operations consulting, financial advisory, human resources, risk & compliance, environmental consulting, software consulting, and sales consulting amongst others, and aims to aid businesses with bold decisions that help them embrace change for their sustainable growth.
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Keywords: Smart Airports Market, airport market, airport market business, Market research reports, Airport market analysis, Market Trends