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.
The Growing Demand for Cost-Effective Airport Systems Driving the North America Smart Airport Market
According to the International Air Transport Association (IATA), airport operational costs remain high, with aeronautical revenue averaging 9.95 per passenger, non−aeronautical revenues at 7.08 per passenger, and total costs reaching $13.69 per passenger. The systems used for airport operations involve significant expenses, including recurring costs for maintenance, upgrades, and servicing. Additionally, the Airports Council International (ACI) reports that two-thirds of airports handling fewer than 1 million passengers annually faced losses between 2020 and 2021.
To address these challenges, the airport industry is increasingly adopting smart, connected technologies to improve service quality, enhance passenger experience, and ensure profitability for stakeholders. Innovations in IoT, data analytics, communication systems, and advanced security are transforming airport operations. One key example is smart parking solutions, which guide passengers to available parking spaces while providing operators with real-time capacity insights and predictive analytics for future expansion.
Integrating mobile smart parking apps with e-ticketing further streamlines the passenger experience, boosting operational efficiency and revenue generation at minimal cost. As a result, the rising demand for cost-effective airport systems is expected to fuel the growth of the North America Smart Airport Market in the coming years.
North America Smart Airport Market Segments Covered
North America Smart Airport Market By Component
- Hardware
- Software
- Services
North America Smart Airport Market By Application
- Terminal Side
- Airside
- Landside
North America Smart Airport Market Regions and Countries Covered
North America
- US
- Canada
- Mexico
North America Smart Airport Market leaders and key company profiles
- 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
Strategic Insights for the North America Smart Airport Market
To stay competitive, vendors must focus on innovative technologies and customized solutions that cater to evolving industry needs. Key strategies include:
- Leveraging data-driven analytics to identify market trends and untapped opportunities.
- Differentiating offerings through unique value propositions tailored to specific airport requirements.
- Adopting a future-oriented approach to anticipate shifts in demand and regulatory changes.
- Enhancing partnerships with stakeholders to drive long-term profitability and operational efficiency.
Regional Insights: Tailoring Solutions for Local Markets
The North America Smart Airport Market encompasses diverse geographic and economic conditions. Success depends on understanding regional preferences, regulatory frameworks, and infrastructure demands. Key considerations include:
- Localized demand (e.g., smart parking, automated check-ins, AI-driven security).
- Economic and regulatory variations across U.S. and Canadian airports.
- Identifying underserved markets to expand reach and optimize resource allocation.
- Competitive positioning through targeted marketing and customized solutions.
By aligning with these insights, businesses can enhance market penetration, improve passenger experiences, and drive sustainable growth in the evolving smart airport landscape.
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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
