Global Airport Internet Of Things Market. The Market Is Projected To Register A Cagr Of Approximately 6% From 2018 To 2023.

Market Highlights

The civil aviation industry is booming with a constant rise in the number of passengers traveling by air. The number airlines operating throughout the world has also increased. Hence, airports are under constant pressure to maintain or improve safety, passenger handling, and operations. Therefore, to improve profitability and cater to rising passenger traffic, airports are increasingly using smart solutions such as IoT to achieve operational efficiency and cost reduction.

The global airport Internet of things market has been segmented by technology, application, and region. Based on technology, the market has been segmented into sensing layer technology, network layer technology, and application layer technology. Sensing layer includes sensors, RFID, near-distance wireless communication, self-organizing network, middleware, and embedded systems.

By region, the global airport Internet of things market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America. North America accounted for the largest market share in 2017 due to investments by the US government in the maintenance and modernization of airports. Moreover, the stringent regulations by the American Association of Airport Executives (AAAE), Airports Council International (ACI), and other associations to enhance aviation safety will positively impact market growth. In 2016, American Airlines spent nearly USD 25 million on easing congestion at various airports in the US. Such developments are expected to fuel market growth.

The market in the Middle East & Africa is expected to register steady growth due to increasing passenger traffic in the region. To cater to the rising number of passengers, airlines are investing heavily in superior in-flight connectivity networks and focusing on reducing fuel consumption, improving aircraft efficiency, and enhancing passenger experience during baggage and security screening.

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