You are unable to edit this page, please log in to edit .
This page seems to be incomplete!
32%
Please help us to improve this report - add or edit content. Top editors receive sponsorship revenues that this report may get. (see all pages having same badge)

Global Market For Advanced Airport Technologies

Global Advanced Airport Technologies market accounted for $10.45 billion in 2017 and is expected to reach $17.51 billion by 2026 growing at a CAGR of 5.9%.

  • Page views 382 views
  • Page contributors 3 Editors
  • Page update date Updated 3 months ago

Definition / Scope

Advanced technologies are being used in various airport systems such as;

  • Airport communications.
  • Digital signage systems.
  • Airport management systems.
  • Car parking systems.
  • Advanced radar systems.
  • Land mobile radio.
  • Common use networks.
  • Display technologies.
  • Control software.
  • Check-in systems for passengers.
  • Self-service kiosks.
  • Air/ground traffic management and control systems.
  • Landing aids, guidance, and lighting.
  • Digital information display solutions.
  • Security, fire protection and emergency services.

Among the recent developments of airport technologies, there is an avian radar system which tracks the flying birds and displays real-time bird activity. Airport technology is one of the fastest developing aspects of the entire aviation industry. Advanced Airport Technologies is set to improve airport efficiency, revolutionize airport journey and provide a hassle-free travel experience.

Market Overview

According to the report, the Global Advanced Airport Technologies market accounted for $10.45 billion in 2017 and is expected to reach $17.51 billion by 2026 growing at a CAGR of 5.9%. [1]

Key Metrics

Metrics Value Explanation
Base Year 2017 Researched through internet


Market Risks

  • Digital vulnerability: Technology has been helping to revolutionize airports and air transport system, but there are always risks like cyber-attack, technological malfunction etc. Many civilian aircraft's flight control systems, GPS-based navigation systems, fuel gauges, and fuel consumption systems, maintenance computers, and other technology-based systems in the airport such as; reservation systems, flight traffic management systems, access control management systems, departure control systems, passport control systems, cloud-based airline data storage, hazardous materials transportation management, cargo handling and shipping system etc. are potentially hackable, which increases the risk of cyber attack.[2]

Top Market Opportunities

  • Rapid technological advancement: Rapid advances in technology foreshadow a world in which purpose-built machines can accomplish a wide range of human tasks, displacing some forms of human labor. Technological advancements have helped airlines and airports save time and cost of operation, they manage these advancements to gain competitive advantage.
  • Privatization of airport industry: Privatization of airport industry has created many opportunities for this market as every airline company wants to get the competitive advantage over others by providing world-class facilities and systems. Privatization of airports gives the shareholders the incentives to study the processes and introduce automation. Automation makes the airport more reliable and able to operate at a lower cost.

Market Drivers

  • Security issues: Previously only whole-body imaging systems were available at checkpoints in the airportpracticebut technological advancements have now revolutionized the growth of this industry. These advancements are in response to the bomb blasts in aircraft and terrorist activities.
  • Illegal immigration: The adoption of biometrics such as facial recognition technology and fingerprint are being used by an immigration official to track down illegal immigrant. This technology helps in confirming the identity of the passenger in 2-3 minutes.[3]
  • Increasing number of airlines: Increasing number of airlines has pushed the industry players to come up with newer technologies so that airport infrastructure systems can be easily maintained.
  • Rising passenger demand: Passengers expectations have been increased since the introduction of AIs, chatbots, Mobile Apps, Biometric security check in airports, and AR/VR as an in-flight entertainment etc.

Industry Challenges

  • A major challenge is the proper execution of technologies with zero defects: Automated systems are becoming able to handle more situations which give humans less opportunity to practice their skills, they become less capable of reacting quickly and appropriately in crisis conditions. Recent research found that the most vulnerable points in many systems are those at which humans interact with automated procedures. [4]

Technology Trends

  • Airport management software: Augmented Reality (AR) and Virtual Reality (VR) are being used as in-flight entertainment and as wayfinding tools. These tools make it easier for the passenger to navigate within the terminal and locate check-in desks, departure gates, and baggage carousels.
  • Passenger and baggage handling and control: Airports are using robots to deliver boarding information, give directions to passengers, flagging security risks and transporting luggage etc. Artificial Intelligence is being used in airports. For example, chatbots are resolving passenger queries.
  • Car parking systems: Airports across developed regions, such as the U.S., have now started providing automated parking facilities, in order to capture a higher revenue share of the non-aeronautical operations segment.
  • Smart tower technology: In 2017, Changi Airport in Singapore, has installed a smart tower, equipped with the display technology. This technology has enabled air traffic controllers to guide the aircraft from a windowless room. Changi is the first airport to install this technology. These smart tower technologies help in managing air traffic in a better way, thereby, reducing the delay for passengers, reducing fuel consumption in airlines and boosting the demand for advanced airport technologies.[5]

Other Key Market Trends

  • Airports across emerging economies are increasingly adopting a smart airport approach by implementing innovative technologies, such as smart robots, self-check-in kiosks, beacon services, predictive analysis, and border control automation solutions.
  • Airports are increasingly expanding their airside operations by providing various services, such as in-wallet scanning, and geolocation and coordination of aircraft with real-time information on landing.
  • Major countries across Europe are adopting Bluetooth-based beacon technology to provide a personalized experience to passengers, such as indoor way finding and nearby promotional offers, based on data collected regarding the passengers’ spending and usage habits.

Key Market Players

  • Analogic: Analogic is an American multinational corporation. In February 2018, Analogic announced that they shall introduce their new checkpoint CT scanner at four airports across the globe by the end of July of 2018. The CT scanners developed by Analogic is supposed to replace the aging technology systems used at airports.
  • Cisco: Cisco Systems, Inc. is an American multinational technology conglomerate headquartered in San Jose, California. Cisco manufactures and sells networking hardware, telecommunications equipment and other high-technology services and products
  • DSG Systems AG: DSG Systems is a services firm headquartered in Englewood, Colorado. The company provides various services related to software development.
  • Honeywell Aerospace Systems GmbH: Honeywell Aerospace is a manufacturer of aircraft engines, avionics, and other aviation products. The company produce the software to support connected systems that improve utilities, vehicles and aircraft, and that enable a safer, more comfortable
  • Matrix Systems: Matrix Systems, based in Miamisburg, Ohio, designs, installs and maintains technology systems that reduce risk, increase efficiency and ensure compliance.
  • Raytheon Corporation: Raytheon is a developer and manufacturer of radars, electro-optical sensors, and other advanced electronics systems for airborne, naval and ground-based military applications.
  • Thales Group: Thales Group is a French multinational company that designs and builds electrical systems and provides services for the aerospace, defence, transportation and security markets.

References

  1. https://www.businesswire.com/news/home/20180816005253/en/Global-Advanced-Airport-Technologies-Market-2017-2018--
  2. https://www.weforum.org/agenda/2016/07/four-threats-to-aviation-security-and-four-responses/
  3. https://www.mordorintelligence.com/industry-reports/global-advanced-airport-technologies-market-industry
  4. https://www.weforum.org/agenda/2016/07/four-threats-to-aviation-security-and-four-responses/
  5. https://www.reuters.com/brandfeatures/venture-capital/article?id=17731

Appendix

  • Automated Parking System: An Automated Parking System or APS is a mechanical system that automatically moves cars from the car park entrance to an available parking space. It uses multiple levels and stacks cars vertically to use the least square footage possible in order to park as many cars as possible
  • Signage: Signage is the design or use of signs and symbols to communicate a message to a specific group, usually for the purpose of marketing
  • Kiosks: A small structure with one or more open sides that is used to vend merchandise or services.
  • Beacon services: A beacon is an intentionally conspicuous device designed to attract attention to a specific location.
  • Geolocation: the process or technique of identifying the geographical location of a person or device by means of digital information processed via the Internet.
  • Avionics: Avionics are the electronic systems used on aircraft, artificial satellites, and spacecraft.


Share this page: