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.
According to the International Air Transport Association (IATA), airport operational costs can reach up to US$ 9.95 per passenger in aeronautical revenue, US$ 7.08 per passenger in non-aeronautical revenue, and US$ 13.69 per passenger in total cost. Maintaining and upgrading airport operations systems is a significant financial burden, as these systems are often costly and involve ongoing expenses for servicing, maintenance, and updates.
The financial strain is particularly evident among smaller airports. Data from Airports Council International (ACI) shows that nearly two-thirds of airports handling fewer than one million passengers annually operated at a loss during 2020–2021. In response, the airport industry is increasingly embracing smarter, connected technologies aimed at delivering enhanced services, a consistent passenger experience, and improved profitability for stakeholders.
Advancements in information and communication technologies, IoT, data analytics, and next-generation security systems are transforming all facets of airport operations. One notable example is the deployment of smart parking systems in smart airports. These solutions guide passengers to available parking spots, giving airport operators real-time visibility into parking capacity and aiding in future expansion planning. Integration of mobile smart parking apps with e-ticketing can further streamline the passenger journey, boost operational efficiency, and increase revenue—while keeping costs low.
As a result, the growing demand for cost-effective, intelligent systems is expected to be a key driver of the North America smart airport market in the coming years. Additionally, the introduction of innovative technologies and new features by market vendors will likely attract more customers and expand their presence in emerging segments, contributing to a strong CAGR for the market during the forecast period.
North America Smart Airport Market Segmentation
- North America smart airport market By Component
- Hardware (Dominant segment in 2022)
- Security Systems
- Communication & Navigation Systems
- Endpoint Devices
- Data Storage
- Software
- North America smart airport market By Application
- Terminal Side (Dominant segment in 2022)
- Airside
- Landside
- North America smart airport market By Country
- United States (US) (Dominant market in 2022)
- Canada
- Mexico
North America smart airport market Key Players
Leading companies operating in the North America smart airport market include:
- 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
North America smart airport market Key Takeaways
- Hardware (especially security and communication systems) and terminal-side applications drove market growth in 2022.
- The U.S. holds the largest market share due to advanced airport infrastructure and high adoption of smart technologies.
- Major players focus on IoT, AI, and automation to enhance passenger experience and operational efficiency.
North America smart airport market Strategic Insights
Strategic insights for the North America Smart Airport provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
North America smart airport market Regional Insights
The geographic scope of the North America Smart Airport refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
About Us:
Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications.
Author’s Bio:
Suryakant Gadekar
Senior Market Research Expert at Business Market Insights
