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Why the smart airport market is set to explode

Author : Ronak Bora | Published Date : 2019-04-12 

MarketStudyReport.com present the report on Smart Airport Market evaluates the growth trends of the industry through historical study and estimates future prospects based on comprehensive research. The report extensively provides the market share, growth, trends and forecasts for the period 2018-2024.

The cargo and baggage handling segment in the smart airport market is expected to witness growth over the forecast timeline. The growth can be attributed to the increasing customer demand for ease in carrying and receiving the baggage, self-scanning and security check, and direct transfer to the final segment. This process reduces the customer time and efforts as compared to the traditional systems. In the smart airport market, the security system segment is rapidly growing. It can be credited to the rising need for efficient security due to the high risk of terrorist attacks and smuggling of illegal products.

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Factors such as huge investments required for the construction of these airfields coupled with the difficulty in understanding customer preferences are expected to hinder the smart airport market growth. Conventional airports in several countries require technological upgrades; major challenges for the government authorities are the management issues involved in this process along with carrying out the current operations. Challenges in the smart airport industry include the development of environmental-friendly solutions for increasing the passenger traffic management, baggage management, and providing cost-effective services to travelers. In addition, frequent failures in the smart systems are hindering the industry demand and the repair & maintenance require a lot of time, resources, and professionals thereby hindering the operations.

Asia Pacific smart airport market is anticipated to witness a substantial growth over the forecast timespan. The growth in the emerging economies in the region including China, India, Singapore, etc., is increasing due to high government investments in infrastructure transformation and providing world-class services and facilities to passengers. The increased popularity of the tourism industry in India and the emergence of industrialization are encouraging the consumption of air travel facilities. The growth in the disposable income of individuals and their willingness to spend more on leisure provided in air travel are further fueling the smart airport industry demand.

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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

  • Rockwell Collins
  • Honeywell International Inc.
  • Siemens AG
  • IBM Corporation
  • SITA
  • T-Systems International GmbH
  • Cisco Systems
  • Amadeus IT Group SA

 

Browse Full Report: www.gminsights.com/industry-analysis/smart-airport-market

Key players operating in the smart airport market include Rockwell Collins, Honeywell International Inc., Siemens AG, IBM Corporation, SITA, T-Systems International GmbH, Cisco Systems, and Amadeus IT Group SA. Several companies have adopted strategies such as new product development & innovations, mergers, and acquisitions in the smart airport industry. For instance, Huawei has partnered with Dubai Airport to build world’s first Tier 3 modular data center that will provide a stable and reliable environment for the airports to host its private cloud.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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