Smart Airports Market

Honeywell International Inc. (US), SITA (Switzerland) and Amadeus IT Group SA (Spain) are Leading Players in the Smart Airports Market

The smart airports market is projected to grow from USD 2.2 billion in 2019 to USD 6.4 billion by 2025, at a CAGR of 19.8% during the forecast period. The major factors driving the market include increased operational efficiency, real-time operational insights, and improved passenger experience.

Some of the major players in the smart airports market include IBM Corporation (US), Cisco Systems, Inc. (US), Huawei Technologies Co., Ltd. (China), Collins Aerospace (US), Siemens AG (US), Amadeus IT Group SA (Spain), SITA (Switzerland), Honeywell International Inc. (US), Thales Group (France), Daifuku Co., Ltd. (Japan), and Indra Sistemas, S.A. (Spain). These players have adopted growth strategies such as contracts, partnerships, collaborations, and product launches to expand their global presence in the smart airports market. Contract was the leading strategy adopted by the major players from 2017 to 2020.

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Honeywell International Inc. (US) is a diversified technology and manufacturing company, serving customers worldwide. It also offers turbochargers, automotive products, specialty chemicals, and electronic and advanced materials. The company was founded in 1906 and has its headquarters in Morristown, New Jersey (US). It is one of the leading companies in the field of manufacturing, and it develops distinct technologies that have applications in aerospace products and services; control, sensing, and security technologies for buildings, homes, and industry; and performance material, safety, and productivity solutions. The company launched Honeywell Connected Airport, a suite of smart application which aims to create a connected ecosystem for airports.

Another major player in the smart airports market is SITA (Switzerland). The company addresses the challenges faced by the aviation industry. In particular, the company offers solutions for airlines, airports, and MROs. It provides inflight connectivity, cockpit data services, air traffic management solutions, aircraft communication and infrastructure solutions, as well as application development for both passengers and crew members. The company, which has smart solutions installed across the globe, is known to collaborate and work with major industry players to offer more suitable solutions/products. In February, SITA collaborated with Bolloré Logistics, Cathay Pacific, FLYdocs, HAECO Group, Ramco Systems, and Willis Lease Finance Corporation to launch the MRO blockchain alliance. The alliance will use blockchain to record and track two separate strands of information for each aircraft part: a digital thread and a digital passport.

Amadeus IT Group SA (Spain) is another major player in the smart airports market. It is a global provider of technology solutions and services for the transportation sector. The company also provides mission-critical IT solutions for travel providers. The company has developed an IoT platform that provides airlines the flexibility to work closely with their partners and make strategic data-driven decisions. In 2019, Amadeus acquired ICM Airport Technics, a passenger automation and self-service bag drop solutions provider. This development will help Amadeus expand its product portfolio for smart airports.

Related Reports:

Smart Airports Market by Application (Landside, Airside, Terminal Side), End Market (Implementation, Upgrades & Services), Type (Airport 2.0, Airport 3.0, Airport 4.0), Operation, System, Airport Size, Technology, and Region - Global Forecast to 2025

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Report Code
AS 2788
RI Published ON
2/25/2020
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