The Latest Smart Airport Industry Statistics Explained
The global smart airports market was valued at $13.71 billion in 2020.
The statistic stating that the global smart airports market was valued at $13.71 billion in 2020 provides insight into the significant economic scale and growth of the smart airports industry worldwide. This figure represents the total market value of various technologies and solutions implemented in airports to enhance efficiency, passenger experience, and overall operations. Smart airports leverage advanced technologies such as IoT, AI, biometrics, and big data analytics to offer amenities like self-service check-ins, automated baggage handling, real-time flight information, and smart security systems. The market valuation underscores the increasing adoption and investment in smart airport solutions by airport authorities and airline operators to meet the growing demands of an evolving aviation industry and enhance overall operational excellence.
It’s predicted that the global smart airports industry will reach a value of $22.68 billion by 2025.
The statistic suggests that the global smart airports industry is projected to grow significantly over the coming years, with an estimated value of $22.68 billion by the year 2025. This growth is indicative of the increasing integration of technology and automation within airport operations to enhance efficiency, safety, and overall passenger experience. Smart airports utilize various innovations such as biometrics, Internet of Things (IoT) devices, and artificial intelligence to streamline processes, optimize resource allocation, and improve customer service. The anticipated rise in the industry’s value highlights the ongoing trend towards digital transformation in the aviation sector, with airports around the world investing in smart technologies to meet the evolving demands of modern air travel.
The industry is projected to expand at a compound annual growth rate of 8.7% from 2020 to 2025.
This statistic indicates that the industry in question is expected to experience steady growth over the period from 2020 to 2025, with the expansion occurring at a compound annual growth rate (CAGR) of 8.7%. A CAGR of 8.7% implies that the industry’s overall size is anticipated to increase by that percentage each year, taking into account the effects of compounding. This projection suggests that the industry is poised for significant development and may be a promising area for investment or business opportunities. The forecasted growth rate provides valuable insights for stakeholders, policymakers, and businesses in terms of strategic planning, resource allocation, and market positioning within the industry landscape.
Asia-Pacific is estimated to be the fastest-growing region in the smart airport market during the forecast period.
The statement indicates that the Asia-Pacific region is expected to experience the highest rate of growth in the smart airport market compared to other regions over the specified forecast period. This can be attributed to factors such as increasing air passenger traffic, rapid urbanization, and investments in infrastructure development. As more airports in the Asia-Pacific region adopt smart technologies to improve operational efficiency, enhance passenger experience, and meet sustainability goals, the market for smart airport solutions and services is projected to expand significantly in this region. Overall, this statistic underscores the growing importance and demand for smart airport technologies in the Asia-Pacific region in the coming years.
North America currently holds the largest market share in the smart airports industry.
The statistic indicates that North America has the highest proportion of market share within the smart airports industry compared to other regions. This implies that a significant portion of smart airport technology and services, such as biometrics, automation, IoT, and AI, are being implemented in North American airports. Factors contributing to North America’s dominance in the market share could include the region’s strong focus on technological innovation, high investment capacity, advanced infrastructure, and a large number of tech-savvy travelers. This statistic suggests that North America is a key player in driving the development and adoption of smart airport technologies globally, creating opportunities for growth and advancements in the industry within the region.
Air traffic management segment is expected to hold the largest share of the smart airports market, by application, during the forecast period.
This statistic indicates that the air traffic management segment is projected to dominate the smart airports market in terms of market share in the upcoming forecast period. Smart airports utilize advanced technologies such as artificial intelligence, Internet of Things, and data analytics to improve efficiency, safety, and passenger experience. The prominence of the air traffic management segment suggests a growing emphasis on enhancing operational processes, optimizing resource utilization, and ensuring smooth and secure air traffic flow within airports. This forecast highlights the significant investment and adoption of smart technologies in the aviation industry to address increasing air travel demand and improve overall airport operations.
Terminal side is projected to be the largest and fastest-growing segment in the smart airport market.
The statistic suggests that the terminal side of smart airports is expected to experience significant growth both in terms of size and rate of expansion compared to other segments within the smart airport market. This indicates that investments and developments in technologies and solutions targeting the terminal side, such as check-in systems, passenger flow management, and smart retail applications, are set to increase significantly in response to the growing demand for seamless and efficient airport operations. The focus on enhancing passenger experience, optimizing resource management, and improving operational efficiency in the terminal areas of airports is driving this projected growth in the smart airport market.
COVID-19 has negatively impacted the smart airports market due to reduced passenger flow and travel restrictions.
The statistic suggests that the COVID-19 pandemic has had a detrimental effect on the smart airports market. This impact has been primarily driven by reduced passenger flow as people have been traveling less due to safety concerns, restrictions, and lockdown measures imposed globally to curb the spread of the virus. Smart airports, which utilize advanced technologies to enhance operational efficiency, improve passenger experience, and streamline processes, have suffered as a result of decreased air travel activity. The decline in passenger numbers has led to decreased demand for smart airport solutions and services, affecting the market’s growth and profitability in the short term.
Investments in IT infrastructure are likely to be at the heart of the smart airports industry’s projected growth.
This statistic suggests that investments in IT infrastructure will play a central role in driving the anticipated growth of the smart airports industry. IT infrastructure refers to the hardware, software, networks, and data capabilities that support the operations and services within airports. By investing in advanced IT systems and technologies, airports can enhance their efficiency, improve passenger experience, and optimize various processes such as baggage handling, security, and flight operations. These advancements are expected to lead to overall growth and innovation in the smart airports industry as airports increasingly leverage technology to meet the demands of a modern and connected world.
Airports through smart technologies can enhance the passenger experience by reducing the waiting times by 30%.
The statistic suggests that the implementation of smart technologies in airports has the potential to significantly improve the passenger experience by reducing waiting times by 30%. Smart technologies could include innovative solutions such as automated check-in kiosks, biometric scanning for security screening, real-time flight tracking, and efficient baggage handling systems. By streamlining and automating various processes within the airport, passengers can experience faster check-ins, shorter security lines, and quicker baggage retrieval, ultimately enhancing their overall travel experience. This statistic highlights the significant impact that technology can have on improving the efficiency and convenience of air travel for passengers.
Advanced airport technologies can reduce the transfer times by 40 minutes per passenger.
The statistic indicates that implementing advanced airport technologies can lead to a reduction in transfer times by an average of 40 minutes per passenger. This suggests that the adoption of these technologies could streamline the various processes involved in airport transfers, such as check-in, security screening, and baggage handling, resulting in significant time savings for passengers. By leveraging innovations like biometric scanning, automated check-in kiosks, and efficient luggage handling systems, airports can enhance the overall passenger experience and improve operational efficiency. The 40-minute reduction per passenger signifies a tangible benefit that has the potential to enhance traveler satisfaction, increase airport capacity, and ultimately contribute to a more seamless and time-saving airport experience.
The application of biometric technology in smart airports was valued at $152.67 million as of 2019.
The statistic that the application of biometric technology in smart airports was valued at $152.67 million as of 2019 indicates the monetary worth attributed to the use of biometric technology within the context of modern airports. Biometric technology involves the use of unique physical characteristics, such as fingerprints or facial recognition, to verify identity and enhance security processes. The value of $152.67 million suggests the significant investment made in incorporating biometric systems to streamline airport operations, improve passenger experience, and strengthen security measures. This statistic highlights the growing importance of biometric technology in revolutionizing airport management and security practices to meet evolving technological advancements and security challenges.
Mobile app usage by passengers has jumped to 83% in 2018, a clear sign toward the digitalization of airports.
The statistic stating that mobile app usage by passengers has jumped to 83% in 2018 indicates a significant trend towards the digitalization of airports. This sharp increase in mobile app usage suggests that an overwhelming majority of passengers are relying on mobile technology to enhance their airport experience, from booking tickets to accessing flight information and services. The adoption of mobile apps in such large numbers reflects the increasing dependence on digital tools for travel-related activities and highlights the growing importance of technology in modern air travel. This trend underscores the need for airports to continue evolving and investing in digital solutions to meet the changing demands and expectations of tech-savvy passengers.
The smart baggage handling system is expected to grow at a 19.6% CAGR during 2018-2023.
This statistic indicates that the smart baggage handling system industry is projected to experience a Compound Annual Growth Rate (CAGR) of 19.6% over the period from 2018 to 2023. CAGR is a useful measure to understand the steady rate at which the industry is expected to grow each year during this period. A growth rate of 19.6% suggests a strong and consistent expansion in the market for smart baggage handling systems, potentially driven by factors such as increasing demand for efficient and automated baggage handling solutions in airports, technological advancements, and improvements in passenger experience. This forecast provides valuable insights for stakeholders in the industry to make informed decisions regarding investments, strategies, and opportunities for growth.
About 77% of airports are planning major AI programs by 2025.
The statistic “About 77% of airports are planning major AI programs by 2025” indicates that a significant majority of airports worldwide are intending to implement significant artificial intelligence initiatives within the next few years. This suggests a growing trend within the aviation industry towards incorporating AI technology to enhance operational efficiency, passenger experience, safety, and overall functionality of airports. The high percentage of airports planning such programs highlights the industry’s recognition of the potential benefits and opportunities that AI can offer in improving various aspects of airport operations, demonstrating a shift towards embracing innovative technology to meet future demands and challenges.
The use of private clouds in smart airports is projected to grow at 8.32% CAGR by 2025.
The statistic indicates that the adoption of private clouds in smart airports is expected to increase significantly with a compound annual growth rate (CAGR) of 8.32% by the year 2025. This projection suggests a steady and notable rise in the utilization of private cloud technology within the airport industry, particularly in the context of smart airports. Private clouds offer enhanced security, scalability, and flexibility compared to public cloud solutions, making them an attractive option for managing and storing sensitive airport data. The growth forecast underscores the industry’s recognition of the benefits of private clouds in enabling efficient and innovative airport operations, paving the way for increased digitalization and connectivity within smart airport ecosystems.
According to a survey by aviation technology firm SITA, 95% of passengers carry a mobile, laptop or tablet device when they travel.
The statistic presented by the survey conducted by aviation technology firm SITA indicates a high prevalence of personal electronic devices among travelers, with 95% of passengers reported to carry a mobile phone, laptop, or tablet device when they travel. This finding suggests a widespread reliance on technology for both communication and entertainment purposes while on the move. The high percentage also highlights the importance of ensuring that airlines and airport facilities accommodate and support the use of electronic devices to meet the needs and expectations of modern-day travelers. This information can be valuable for airline companies and airport authorities in planning and providing suitable amenities and services to cater to the technological needs of their passengers.
The security check segment of the smart airports market is expected to grow by 9.3% annually between 2021 and 2025.
The statistic stating that the security check segment of the smart airports market is expected to grow by 9.3% annually between 2021 and 2025 indicates a positive trend in the industry. This growth rate suggests that there is increasing demand for smart security technologies and solutions in airports to enhance efficiency, safety, and passenger experience. Factors such as advancements in technology, increasing air travel, and stringent security regulations are likely driving this growth. Stakeholders in the smart airports market, including airport authorities, technology providers, and security companies, may benefit from this expected growth by capitalizing on the opportunities presented by the increasing demand for smart security solutions in airports.
Around 68% of airports are focusing on digital transformation for IoT over the next three years.
The statistic suggests that a large proportion of airports, approximately 68%, are planning to prioritize digital transformation for the Internet of Things (IoT) within the next three years. This indicates a significant trend within the aviation industry towards adopting IoT technologies to enhance efficiencies, improve passenger experiences, and optimize operations. By leveraging IoT solutions, airports aim to collect and analyze real-time data from various devices and sensors to drive informed decision-making, streamline processes, and ultimately revolutionize the way they operate. This statistic underscores the growing importance of technology in the aviation sector and highlights the strategic focus of airports on embracing digital innovations to stay competitive and meet evolving industry demands.
By 2023, 66% of airlines plan to implement Internet of Things (IoT) initiatives to track baggage.
The statistic states that 66% of airlines are planning to implement Internet of Things (IoT) initiatives by the year 2023 to track baggage. This means that a significant majority of airlines are looking to use IoT technology to enhance their baggage tracking systems. IoT can enable airlines to track luggage in real-time, providing more accurate and efficient monitoring throughout the journey. By implementing IoT initiatives, airlines aim to improve the overall baggage handling process, reduce the likelihood of lost luggage, and enhance the overall customer experience. This statistic highlights the growing importance of technology in the aviation industry and the potential benefits that IoT can bring to baggage tracking systems.
Conclusion
The smart airport industry is experiencing significant growth and innovation driven by technology advancements. The statistics highlighted in this blog post underscore the increasing adoption of smart solutions to enhance passenger experience, operational efficiency, and sustainability practices. As airports continue to invest in smart technologies, we can expect further improvements in overall airport management and services.
References
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