01.07.2016, 16:10
The aviation industry is in a transitional phase across the world
The exponential surge in passenger traffic has boosted the need to improve the efficacy of airport operations, leading to the deployment of smart solutions at airports. The increasing investments in the modernization of airports are also propelling the smart airports market significantly.
The commercial aviation sector is experiencing a massive overhaul in its financial conditions, thanks to the installation of smart solutions at airports. Self-service and automated processes have emerged as major trends among passengers travelling by planes, which has given rise to the deployment of advanced palm prints and fingerprints recognition technologies at airports. Growing concerns over security have been driving the need for e-gates and automated border controls. All these factors are leading to an impressive rise in the global market for smart airports.
The increasing focus on green initiatives is also encouraging the usage of smart solutions at airports for better management of water, energy, waste, and emissions, adding significantly to the growth of worldwide smart airports market.
Based on solution, the smart airports market is segmented into terminal side solutions, airside solutions, and landside solution. The landside solutions segment led the global market in 2015 with a share of around 46% in terms of revenue. However, the terminal side solutions segment is likely to register the fastest growth at a CAGR of 14.80% from 2016 to 2020.
The increasing adoption of digital video surveillance and management (DVM) solutions in airports for the improvement in the security is likely to impel the terminal side solutions segment over the next few years.
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