At 14.4% CAGR, the North America Smart Airport Market is projected to be worth US$ 11,633.15 million by 2028, says Business Market Insights        

According to Business Market Insights’ research, the North America smart airport market was valued at US$ 5,176.52 million in 2022 and is expected to reach US$ 11,633.15 million by 2028, registering an annual growth rate of 14.4% from 2022 to 2028. Airport construction initiatives and emerging need for cost-effective airport systems are the critical factors attributed to the market expansion.                

The rising air passenger traffic across the region is leading to rise in aircraft fleet of different airlines. Moreover, major countries that have a large air passenger traffic have already made several plans to build new airports during the near future. The rising number of airport projects across different countries are likely to generate huge opportunities for smart airport market vendors during the forecast period, according to the market research study. Several countries are taking initiatives to build large number of new airports to cater the rising passenger traffic and increasing number of aircraft fleet across the region. For instance, in 2022, the San Diego International Airport announced that it is planning a major airport upgrade wherein a new terminal with 19 gates will be constructed and the old terminal will then be demolished at the airport in California, US. This will also include the installation of safety and smart security systems.  Several developments are likely to generate huge opportunities for smart airport system manufacturers during the forecast period.

On the contrary, threat of cyberattacks to smart airport systems hurdles the growth of North America smart airport market.    

• Based on component, the North America smart airport market is bifurcated into hardware and software. The hardware segment held 69.9% market share in 2022, amassing US$ 3,619.34 million. It is projected to garner US$ 7,950.22 million by 2028 to expand at 14.0% CAGR during 2022–2028. The hardware segment is further categorized into security system, communication and navigation system, endpoint devices, and data storage.
• Based on application, the North America smart airport market is segmented into terminal side, airside, and landside. The terminal side segment held 49.9% market share in 2022, amassing US$ 2,582.86 million. It is projected to garner US$ 6,089.39 million by 2028 to expand at 15.4% CAGR during 2022–2028.  
• Based on country, the North America smart airport market has been categorized into the US, Canada, and Mexico.  Our regional analysis states that the US captured 92.1% market share in 2022. It was assessed at US$ 4,766.63 million in 2022 and is likely to hit US$ 10,789.75 million by 2028, exhibiting a CAGR of 14.6% during the forecast period.

Key players dominating the North America smart airport market are 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; and T-Systems International GmbH. among others.   

• In 2022, Cisco became partner for GTAA. The airline is now employing Cisco DNA Spaces to enhance wireless connection at Toronto Pearson and create new passenger experiences and vendor and employee results.

• In 2020, Collins Aerospace Systems, a Raytheon Technologies company, has launched its all-new ARINC AirPlan product, reinventing airport operations. AirPlan, available in the cloud or on-premise deployments, allows airports to manage all of their resources, including gates, check-in desks, and luggage belts, from a single application on any computer or mobile device connected to their network.

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