Asia Pacific Smart Airport Market Outlook 2024: Regional Opportunity and Demand Analysis, Market Forecast, 2016-2024

Asia Pacific Smart Airport Market 

Market Overview

In recent years, Asia Pacific aviation industry has witnessed enormous growth in air passenger traffic and to accommodate them current airport systems are proved to be insufficient, in order to overcome these challenges airport operators are making huge technological developments in airport infrastructure. According to Goldstein Research, around 45% airports in Asia Pacific region will be upgraded by the smart technologies such as automated solutions, check-in kiosks and smart air traffic control systems among others. Aviation industry is expected to grow strongly over the next 20 years and air traffic is predicted to outpace that both of Europe and North America by 2035, rising to a 4.3 billion passengers, and the market for smart airports is expected to grow as well.

Goldstein Research analyst forecast the Asia Pacific smart airport market to expand at a CAGR of 7.3% during the forecast period 2016-2024. Further, the market is anticipated to reach USD 6.7 billion by the end of forecast period. 

Covered in this Asia Pacific smart airport market report

The report covers the present ground scenario and the future growth prospects of the smart airport market in Asia Pacific for 2016-2024 along with the total revenue of smart airports in every region. We calculated the market size and revenue share on the basis of revenue generated per segment, region, on a regional, and country level. The revenue forecast is given on the basis of number of market players and current growth rate of the market.

Asia Pacific Smart Airport Market Segmentation

Based on Solutions

• Air Traffic Management
• Baggage Management
• Security Management
• Passenger Management
• Mobility
• Information Technology

Based on Application (Airside/Landside)

• Retail
• Cargo
• Passenger experience
• Ground Handling
• Infrastructure Management
• Others (Smart Parking etc.)

Based on Services

• Installation
• Training
• Support and Maintenance

Based on Geography

• Japan {Market Size, Growth Analysis and Opportunity Analysis}
• South Korea {Market Size, Growth Analysis and Opportunity Analysis}
• China {Market Size, Growth Analysis and Opportunity Analysis}
• India {Market Size, Growth Analysis and Opportunity Analysis}
• Singapore {Market Size, Growth Analysis and Opportunity Analysis}
• Australia {Market Size, Growth Analysis and Opportunity Analysis}
• New Zealand {Market Size, Growth Analysis and Opportunity Analysis}
• Rest of APAC  {Market Size, Growth Analysis and Opportunity Analysis}

Based on solutions, Safety management accounted for the largest revenue share of 25% in Asia Pacific smart airport market in 2016. Further, information technology is the fastest growing segment, likely to expand at a CAGR of 15.3% over the forecast period i.e.2016-2024.   

Asia Pacific Smart Airport Market Outlook 2016-2024, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the Asia Pacific smart airport market. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Asia Pacific smart airport market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.

Our Asia Pacific smart airport marketreport comprises of the following companies as the key players in the Asia Pacific smart airport market: Honeywell Corporation Inc., Rockwell Collins Inc., SITA, Siemens AG, IBM Corporation, CISCO Systems, Huawei Technologies Co. Ltd., Raytheon, Quinetiq Group PLC, Thales Group, IndraSiestma S.A., Sabre Corporation and Amadeus IT Group SA.

According to our Asia Pacific smart airport market study on the basis of extensive primary and secondary research, one major trend in the market is emergence of IoT (Internet of Things) and rapid digitization across various industry verticals. Growing air traffic passenger traffic and volume surged the demand for efficient and advanced airport management systems to become more proactive and to minimize the changing aviation dynamics.

According to the report, major driver in Asia Pacific smart airport market is growing air passenger traffic and rising need for enhanced security management solutions. Asia pacific air cargo traffic is also projected to grow, with the intra-Asian and international to Asia combine air cargo market share will exceed 50% of total aviation industry.

Further, the report states that one challenge in Asia Pacific smart airport market is the high initial investment to develop smart airport infrastructure. Moreover, complexity related to smart devices and systems is also expected to hamper the growth of smart airport market.

Geographically, China accounted for over 30% of the APAC smart airport market in 2016. The rising government investment to improve transport and airport infrastructure in the region is expected to impel the regional growth over the coming years. India provides immense growth potential for the growth of smart airport market owing to growing air traffic passenger and significant investment by the regional government over airport infrastructure development.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

For a full detailed overview, send us the sample request.

Key questions answered in this Asia Pacific smart airport market report

• What is the total market size by 2024 and what would be the expected growth rate of sales?
• What is the total revenue per segment and region in 2015-16 and what would be the expected revenue per segment and region over the forecast period?
• What are the key market trends?
• What are the factors which are driving this market?
• What are the major barriers to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities for the existing and entry level players?
• What are the recent developments and business strategy of the key players?

We can provide two hour complimentary interaction with our analyst after the purchase of this market report. Details are imparted within the report.