North America Smart Airport Market Significant Growth, Technological Advancement Opportunities to 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.

The Growing Need for Cost-Effective Airport Systems

Airport operational costs are substantial, with expenses reaching US$ 9.95 per passenger for aeronautical revenue, US$ 7.08 per passenger for non-aeronautical revenue, and a total cost of US$ 13.69 per passenger. The systems that facilitate these operations are not only expensive to implement but also incur significant recurring costs for servicing, upgrades, and maintenance. This financial strain is particularly evident in smaller airports; the Airports Council International (ACI) reported that two-thirds of airports handling fewer than 1 million passengers annually experienced losses between 2020 and 2021.

Embracing Smart Technologies for Efficiency and Profitability

To counter these challenges, the airport industry is increasingly adopting smarter, connected technologies. These innovations aim to deliver superior services, ensure consistent customer experiences, and foster profitable engagements for all airport stakeholders. Advances in various fields, including information and communication technology (ICT), Internet of Things (IoT), data analytics, and enhanced security systems, are helping airports improve every facet of their business.

Smart Parking: A Prime Example of Cost-Effective Innovation

Smart parking systems stand out as a key example of how cost-effective solutions can revolutionize airport operations. These systems guide passengers to available parking spaces, streamlining their experience. For airport operators, smart parking provides enhanced visibility into current capacity, enabling more accurate predictions for future expansion needs. Integrating mobile smart parking apps with e-ticketing further enhances the passenger journey, improves operational efficiency, and boosts the reliability of parking areas. This ultimately leads to greater revenue generation at a lower cost for airport administrations.

Driving Growth in the North America Smart Airport Market

The clear and emerging need for such cost-effective airport systems is a significant driver for the North America smart airport market growth. Vendors in this market have a substantial opportunity to attract new customers and expand their presence in emerging markets by continually introducing innovative features and technologies. This proactive approach is expected to fuel a strong Compound Annual Growth Rate (CAGR) for the market in the coming years.

North America Smart Airport Market Segmentation

North America smart airport market By Component

Hardware (Dominant segment in 2022)

Security Systems

Communication & Navigation Systems

Endpoint Devices

Data Storage

Software

North America smart airport market By Application

Terminal Side (Dominant segment in 2022)

Airside

Landside

North America smart airport market By Country

United States (US) (Dominant market in 2022)

Canada

Mexico

North America smart airport market Key Players

Leading companies operating in the North America smart airport market include:

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

North America smart airport market Key Takeaways

Hardware (especially security and communication systems) and terminal-side applications drove market growth in 2022.

The U.S. holds the largest market share due to advanced airport infrastructure and high adoption of smart technologies.

Major players focus on IoT, AI, and automation to enhance passenger experience and operational efficiency.

North America smart airport market Strategic Insights

Strategic insights for the North America Smart Airport provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

North America smart airport market Regional Insights

The geographic scope of the North America Smart Airport refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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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