North America Smart Airport Market Emerging Technologies, Segmentation 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 Economic Imperative for North America Smart Airport Market

The aviation industry faces significant operational costs. According
to the International Air Transport Association (IATA), per-passenger costs can
reach US$9.95 for aeronautical revenues, US$7.08 for non-aeronautical revenues,
and US$13.69 for total costs. Furthermore, the Airports Council International (ACI)
reports that two-thirds of airports handling less than 1 million passengers
annually experienced losses during 2020-2021. This financial pressure,
coupled with the high costs of airport systems (including servicing, upgrades,
and maintenance), is driving the adoption of smart technologies. 

Smart solutions, encompassing information, communication,
IoT, data analytics, and enhanced security, offer opportunities to improve
customer experience, operational efficiency, and revenue generation. For
example, smart parking systems streamline passenger experiences by providing
real-time parking availability and integrated e-ticketing. This not only
enhances user satisfaction but also allows airports to optimize capacity and
increase revenue at a lower cost. 

The need for cost-effective airport systems is a key driver
for the North America smart airport market. Vendors who innovate by introducing
new features and technologies can capture new customers and expand their market
presence. This innovation is expected to fuel significant market growth during
the forecast period.

North America Smart Airport Market Segments Covered

North America Smart Airport Market By Component

• Hardware


• Software


• Services

North America Smart Airport Market By Application

• Terminal
  Side


• Airside


• Landside

North America Smart Airport Market Regions and Countries Covered

North America

• US


• Canada


• Mexico

North America Smart Airport Market leaders and key company profiles

• 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

Strategic Insights for North America Smart Airport Market

Data-driven strategic insights are crucial for navigating
the North America smart airport market. These insights provide analysis of
current trends, key players, and regional nuances, enabling businesses to:

• Differentiate: Identify
  untapped market segments and develop unique value propositions.


• Anticipate
  Market Shifts: Leverage data analytics to predict future trends.


• Make
  Informed Decisions: Drive profitability and achieve business
  objectives.

Regional Considerations in the North America Smart
Airport Market

Understanding regional differences is essential for success.
This includes:

• Consumer
  Preferences: Tailoring offerings to specific regional demands
  (e.g., specific plug types for electric vehicles, or different
  expectations for battery backup durations).


• Economic
  Conditions: Adapting strategies to varying economic environments.


• Regulatory
  Landscapes: Navigating diverse regulatory frameworks.

By focusing on specific regional needs, businesses can
effectively allocate resources, target marketing campaigns, and gain a
competitive edge, ultimately driving growth in targeted areas.

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Author’s Bio:

Suryakant Gadekar

Senior Market Research Expert at Business Market
Insights