NEWPORT NEWS, Va., Nov. 19, 2018 /PRNewswire/ — The global market for Smart Airports is estimated to reach $20.3 billion by 2025. The growth in the market would be primarily driven by the growing focus on enhancing the air passenger travel experience by implementing smart and connected digital solutions. Increasing air passenger traffic and steadily growing investments in airport IT infrastructure also augur well for the market growth.

Seamless integration of airport infrastructure with aircrafts and airlines in smart airport systems create an immersive and personalized ecosystem. Smart airports offer numerous benefits over conventional airports, as a result of which demand for smart airport solutions has grown rapidly over the last few years. Some of the key benefits include better operational efficiency, improved non-aeronautical revenues, enhanced passenger’s travel experience, improved queue management, congestion management, and improved security, among others.

Growing investments in airport IT infrastructure to improve overall system efficiency would also drive the global smart airports market growth. Emergence of technologies such as virtual reality, augmented reality, big data analytics, predictive analytics, cognitive computing, Internet of Things (IoT), machine vision, Blockchain, mobile payment, wearables, Near Field Communication (NFC), and biometrics has been critical in transforming the air travel experience today. Ever rising air passenger traffic has fuelled the demand for automation systems and solutions which in turn has fuelled the demand for smart airport technologies.

Above findings are part of a comprehensive analysis of global smart airports market published by Melvin Bright which provides insights into key market segments such as lighting and guidance, airport communication systems, displays and signage, emergency response, car parking systems, air traffic control administrator system, billing systems, gate allocation systems, automated warehouse systems, security systems, metrological systems, ground services systems, baggage, cargo and passenger control and handling, machine vision systems, digital payments, big data analytics, cloud computing, cognitive computing, and cybersecurity, among others. The study provides granular market information on the above market segments for all the major regional and country markets.

The complete study can be availed at – https://melvinbright.com/report/details/global-smart-airports-market-analysis-global

Melvin Bright is an independent provider of reliable and unbiased strategic market research for a multitude of technologies, products and services markets around the world. Our research reports and solutions offer high level of granularity in numerous global markets which help business leaders to identify and prioritize high growth opportunities in these markets. For more information, please visit www.melvinbright.com.

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SOURCE Melvin Bright