The Europe smart airport market is expected to grow from US$ 8,470.36 million in 2022 to US$ 21,558.33 million by 2028; it is estimated to grow at a CAGR of 16.8% from 2022 to 2028.
Although the current number of smart airports in the region is low, the rising awareness of Airport 4.0 is boosting the demand for smart airport technologies. Governments and airlines are focusing on investing in new technologies to amend their respective planned smart airport projects. Thales is helping SEA (i.e., Società per azioni Esercizi Aeroportuali), an airport management group in Milan (Italy), on its roadmap toward smart airport operations by providing a suite of tools to integrate the information needed to manage the airport efficiently, enable smooth collaboration among all stakeholders, and offer passengers a world-class experience. The company has received a contract from SEA to deliver an innovative digital platform. Such developments are favoring the growth of the smart airport market across the region.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe smart airport market. The Europe smart airport market is expected to grow at a good CAGR during the forecast period.
Europe Smart Airport Market Segmentation
The Europe smart airport market is segmented based on component, application, and country. Based on component, the Europe smart airport market is bifurcated into hardware and software. The hardware segment dominated the market in 2022. The hardware segment is further categorized into security system, communication and navigation system, endpoint devices, and data storage. Based on application, the Europe smart airport market is segmented into terminal side, airside, and landside. The terminal side segment dominated the market in 2022. Based on country, the Europe smart airport market is segmented into the UK, Germany, France, Italy, Russia, and rest of Europe. Germany dominated the market in 2022.
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. are among the leading companies in the Europe smart airport market.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 8,470.36 Million |
| Market Size by 2028 | US$ 21,558.33 Million |
| CAGR (2022 - 2028) | 16.8% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Component
|
|
Regions and Countries Covered
|
|
| Europe | UK, Germany, France, Russia, Italy, Rest of Europe |
| Market leaders and key company profiles |
|
The Europe Smart Airport Market is valued at US$ 8,470.36 Million in 2022, it is projected to reach US$ 21,558.33 Million by 2028.
As per our report Europe Smart Airport Market, the market size is valued at US$ 8,470.36 Million in 2022, projecting it to reach US$ 21,558.33 Million by 2028. This translates to a CAGR of approximately 16.8% during the forecast period.
The Europe Smart Airport Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Smart Airport Market report:
The Europe Smart Airport Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Smart Airport Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Smart Airport Market value chain can benefit from the information contained in a comprehensive market report.
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