HOME Research Insight Honeywell Corporation Inc (U.S.) and SITA (Switzerland) are the leading players in the Smart Airports Market

Honeywell Corporation Inc (U.S.) and SITA (Switzerland) are the leading players in the Smart Airports Market

The rise in air passenger traffic and increasing competition among airlines to provide more convenience and ease to the passengers have led to the rise in investments on smart technologies at the airports. The smart airports market is projected to grow from USD 11.31 Billion in 2016 to USD 14.87 Billion by 2021, at a CAGR of 5.64% from 2016 to 2021. With increasing use of smartphones, enhanced internet connectivity, rising prominence of self-service technologies, and growing need of the passengers for real-time information are the key drivers that are driving investments in the smart airports market.

Honeywell Corporation Inc. (U.S.), Rockwell Collins (U.S.), SITA (Switzerland), Siemens AG (Germany), IBM Corporation (U.S.), and Amadeus IT Group SA (Spain) among others are the key players in the global smart airports market.

Contracts and acquisitions are the key growth strategies adopted by these market players in the global smart airports market. The core competencies of these leading market players include increasing their geographical presence by entering into contracts with the various airports and airlines and improving their product offerings.

Honeywell Corporation Inc (U.S.) is the leading player in providing smart technologies and solutions for the various airport across the globe. In March 2016, Punta Cana International Airport (Dominican Republic) entered into a contract with Honeywell Corporation Inc. to install Smart path at the airport. This system provides a cost-effective navigation solution to increase airport capacity, decrease air traffic noise, and reduce weather-related delays. It reduces operating costs for both the aircraft operators and Air Navigation Service Providers (ANSP). It also helps the pilots to make their aircraft landing more safely and efficiently.

SITA (Switzerland) is also one of the leading players in providing technology and solution for smart airports. In December 2016, the company was awarded a contract by VINCI Airports, a subsidiary of Vinci Group (France) for implementation of SITA Airport Management solution for its airport network across the globe.   This system enables to have real-time information for all the operations from landside to terminal side which enables to anticipate better, plan and control operations, assign assets and resources more effectively

Related Reports:

Smart Airports Market by Technology (Communication, Security, Cargo & Baggage Handling, Traffic Control, Endpoint Devices), Landside, Airside, Terminal Side, Application, Region - Global Forecast to 2021

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