Airport IoT Market Overview
The global Airport IoT Market is expected to garner accelerating traction. Market The demand for advanced security systems to ensure passenger safety against critical situations is a major driving force behind the market growth. Research Future (MRFR) asserts that the global airport IoT market will grow significantly by 2027, registering a notable CAGR during the review period (2021-2027).
IoT solutions play a vital role in airport operations, generating endless opportunities. This technology allows airport operators to enhance operational efficiency, reduce costs, and provide the best travel experience. IoT devices integrated with built-in sensors create valuable information to address specific needs, such as detecting problem areas, providing recommendations, and finding patterns.
IoT can also strengthen airport security systems, increasingly influencing the market’s growth. Owing to the increase in terrorist attacks and public security concerns, governments mandate more advanced security systems to protect airports and monitor public places and, thus, to prevent terrorism. Rising security concerns will likely drive the airport IoT market over the forecast period.
Moreover, stringent government regulations to strengthen airport security escalate the market on the global platform. On the other hand, high costs associated with the installation and maintenance of IoT solutions will hamper the growth of the market. Nevertheless, technological developments would support the market growth, providing new growth opportunities for the players.
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Global Airport IoT Market – Segments
The market report is segmented into airport types, technologies, applications, and regions. The airport type segment is sub-segmented into commercial, cargo, and general airport. The application segment is sub-segmented into passenger handling, operations, and security. The technology segment is sub-segmented into the sensing layer, network layer, and application layer technology. By region, the airport IoT market is segmented into Europe, North America, Asia-Pacific, and the rest of the world.
Global Airport IoT Market – Geographical Analysis
North America dominates the global airport IoT market, mainly due to the well-established technology development sector. Besides, the increasing air passenger traffic and rising adoption of IoT technologies by airports drive the market growth. Stringent government regulations and Transportation Security Administration (TSA) standards to strengthen security at airports boost the airport IoT market size.
Global Airport IoT Market – Competitive Landscape
This market appears highly competitive and fragmented, with numerous large and small-scale players who churn the market competition along with new entrants. These players adopt strategic initiatives such as collaboration, M&A activities, and innovations for expansion in emerging markets.
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Major Players
Leading airport IoT market players are Cisco Systems, Inc. (US), Amadeus IT Group (Spain), Honeywell International Inc (US), IBM Corporation (US), Huawei Technologies Co., Ltd (China), Microsoft Corporation (US), Collins Aerospace (US), SAP SE (Germany), Siemens AG (Germany), Wind River Systems, Inc. (US), SITAONAIR (Switzerland), Amazon Web Services, Inc. (US), and Accenture (US), among others.
Industry/ Innovation /Related News:
Aug. 31, 2023 — Paessler AG, a leading monitoring solutions provider, launched a new vertical market focus for airport operations and airlines to help them monitor and optimize complex IT, OT, and IoT infrastructures. Monitoring various technologies will help them function effectively and efficiently to keep operations running smoothly. Paessler’s solutions can create a seamless and safe experience for travelers and help airport operators reduce costs incurred from technology failures.
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