Global Airport Digitization Market 2017-2021

Overview of the global airport digitization market

Technavio's market research report predicts that the global airport digitization market will grow at a CAGR of above 7% during the forecast period. Influence of big data is one of the primary drivers for market growth. Information regarding passengers, staff, and operations are growing rapidly, and this data can be used to improve the operation of the aviation businesses. This, in turn, increases business flexibility reducing the operational risks, and deliver value-added services to passengers. Moreover, big data assists in collecting the data and converting it into information that helps make decisions about expected passenger or baggage flow in the form of smart passenger guidance and baggage tracking devices.

One of the latest trends that is predicted to gain traction in the global airport digitization market is the growth of mobile-based applications. The increasing growth of smartphones in the market has compelled the developers, start-ups, small and medium enterprises (SMEs), and multinational IT companies to develop mobile-based applications to integrate many service operations within the airport. Moreover, these app services ensure connectivity and provision of services needed for an intuitive airport. For instance, the Bengaluru International Airport, in India, introduced the BLR Airport app that provides information about the airport and its facilities by using the airport's Wi-Fi services.

What's your takeaway?

Technavio's industry research report titled, - Global Airport Digitization Market, will help you-

• Identify latent opportunities and explorative solutions in the airport digitization market
• Identify your key competition, and what's making them tick?
• Help you build a comprehensive marketing plan, all permutations and combinations inclusive

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Competitive analysis and key vendors

The global airport digitization market is largely split and consists of many technology providers competing to increase their market share. The market is likely to witness M&A activities by huge companies such as software providers and sensor vendors to increase their global presence and build their customer reach.

Key vendors in the market are:

• Cisco Systems
• IBM
• Microsoft
• Siemens
• SITA

Other prominent vendors are Apple, Daifuku, Living PlanIT, Scarabee, and Wind River.

Segmentation by application and analysis of the airport digitization market

• Passenger screening and security
• Baggage services
• Passenger assistance and retail

During 2016, the passenger screening and security dominated the application segment in global airport digitization market and is expected to continue its dominance over the next four years. The major growth factor of the segment is the introduction of innovative technologies like use of facial recognition, retina recognition, biometric sensors, and self-service kiosks to lessen the waiting time for passengers.

Geographical segmentation and analysis of the airport digitization market

• Americas
• APAC
• EMEA

In terms of geography, the Americas led the global airport digitization market during 2016. However, EMEA is anticipated to lead the market during the forecast period due to rising investments in construction of numerous new and advanced airports in the region.

 Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global airport digitization market?
• What are the key market trends impacting the growth of the global airport digitization market?
• What are the challenges to market growth?
• Who are the key vendors in the global airport digitization market?
• What are the market opportunities and threats faced by the vendors in the global airport digitization market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global airport digitization market?

Technavio also offers customization on reports based on specific client requirement.

The digitization of airports involves a network of sensors, machines, and physical devices integrated into daily-use objects and connected to the Internet for efficient data communication to create smart communication environments. Airport digitization also improves operational efficiency by enhancing the speed of communications in comparison to existing traditional infrastructure, thus augmenting the business productivity in any industrial setup. This upcoming report is an integral part of the aerospace and defense portfolio and offers extensive analysis of rapidly growing markets like aerospace components, aerospace manufacturing, and commercial aviation. Also, to enable clients to gain vital traction over their competitors, Technavio also offers information on multiple attributes of the aerospace components market such as the shift in customer preferences and the factors that will drive and curtail the growth of vendors in the aerospace and defense industry.

To accurately forecast the aerospace components industry's growth outlook, our market research specialists undertake a comprehensive research approach of qualitative and quantitative methods and peruse an in-depth analysis of many attributes such as technological advancements and the demand for various products and services spanning diverse geographical regions. Furthermore, to assist clients to formulate new strategies for growth, our upcoming industry research report on the global airport digitization  market for the period of 2017 to 2021 offers profound insights constructed from the data collected from reliable sources of information such as manufacturers, channel partners, regulatory bodies, and stakeholders.

This upcoming report on the global airport digitization  market also considers the growth trajectories of corresponding markets such as airline ancillary services and smart baggage handling solutions, which are expected to increase at a CAGR of almost 15% and about 12%, respectively by 2021. According to our market research analysts, an increased demand for aerospace components to meet the growing need for commercial and military aircraft aero structure, engine components, MRO, retrofitting, and spare parts components is the factor contributing primarily to the growth of aerospace component market in the next few years. Based on the requirements of several clients, Technavio also provides customized reports, which will help local players and global players enhance their position in the aerospace and defense sector.

The upcoming industry research report for the global airport digitization  market also identifies the market drivers, appearing market trends, and the challenges experienced  by the aerospace and defense industry and also presents insights into defense, defense technology, homeland security, and general aviation.