North America Smart Airport Market Key Segments, Emerging Audience 2028
The North America Smart Airport Market is expected to grow from US$ 5,176.52 million in 2022 to US$ 11,633.15 million by 2028; it is estimated to grow at a CAGR of 14.4% from 2022 to 2028.
North America Smart Airport Market Overview
According to the International Air Transport Administration, airport operational costs can be significant, with aeronautical revenue reaching up to US$ 9.95 per passenger, non-aeronautical revenues at US$ 7.08 per passenger, and total costs amounting to US$ 13.69 per passenger. The systems used for airport operations are costly and require continuous investment in servicing, upgrades, and maintenance.
Additionally, the Airports Council International (ACI) reported that two-thirds of airports handling fewer than 1 million passengers annually experienced financial losses during 2020-2021. To counter these challenges, the airport industry is embracing smart, connected technologies to enhance services, improve customer experiences, and drive profitability for stakeholders. Innovations in information technology, communication systems, IoT, data analytics, and security solutions are helping airports optimize operations and business models.
One key example is smart parking solutions, which efficiently guide passengers to available spaces while providing airport operators with real-time visibility into parking capacity. These systems enhance operational efficiency by predicting future capacity needs, integrating with mobile apps and e-ticketing, and reducing costs. As a result, they generate higher revenues for airport administrations at minimal additional expense. The rising demand for cost-effective airport systems is expected to fuel the growth of the North America smart airport market in the coming years.
North America Smart Airport Market Segments Covered
North America Smart Airport Market By Component
- Hardware
- Software
- Services
North America Smart Airport Market By Application
- Terminal Side
- Airside
- Landside
North America Smart Airport Market Regions and Countries Covered
North America
- US
- Canada
- Mexico
North America Smart Airport Market leaders and key company profiles
- Amadeus IT Group SA
- Cisco Systems, Inc.
- Collins Aerospace
- Daifuku Co., Ltd.
- Honeywell International Inc.
- Huawei Technologies Co., Ltd.
- Indra Sistemas, S.A.
- SITA
- Thales Group
- T-Systems International GmbH
Growth Opportunities in the North America Smart Airport Market
The introduction of new technologies and features offers vendors a competitive edge, attracting new customers and expanding their reach in emerging markets. This technological advancement is anticipated to drive significant market growth at a steady CAGR during the forecast period.
Strategic Insights for the North America Smart Airport Market
Strategic insights into the North America smart airport market provide data-driven analysis of industry trends, key players, and regional market dynamics. These insights help businesses differentiate themselves by identifying untapped opportunities and creating unique value propositions. Through data analytics, stakeholders—including investors, manufacturers, and service providers—can anticipate market shifts and align their strategies for long-term success. A future-oriented approach is essential for positioning businesses effectively within this evolving market.
Regional Insights for North America Smart Airport Market
Understanding regional market distinctions is crucial for success in the North America smart airport industry. Variations in consumer preferences, economic conditions, and regulatory environments require businesses to tailor their strategies accordingly. Companies can identify underserved regions, customize offerings to meet local demands, and optimize resource allocation for maximum impact. A targeted approach enables businesses to enhance marketing efforts, strengthen competitive positioning and drive growth within the North American smart airport sector.
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Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications.
Author’s Bio:
Suryakant Gadekar
Senior Market Research Expert at Business Market Insights
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