The Global Next Generation Airport Technology Market is expected to grow at around 15% CAGR during 2021-26. The market growth attributes primarily to the increasing air traffic & passenger capacity and the mounting need for automated check-ins & enhanced security tracking solutions at airports worldwide. Besides, the surging transition from airport 2.0 (self-service and process efficiency) to airport 3.0 (using digital to optimize passenger processing) is another crucial aspect expected to boost the market during 2021-26.
The adoption of Next Generation Airport Technology is beneficial in enhancing customer experience and reducing the operational cost burden on airports. The rising deployment of intelligent information systems at airports to efficiently manage operational activities, coupled with the integration of advanced technologies like artificial intelligence, machine learning, etc., into the aviation sector shall also augment the overall market growth in the coming years.
Moreover, the burgeoning demand for autonomous technology and propelling emergence of digitally enabled air traffic management shall further strongly contribute to the global market growth during 2021-26, further states the research report, “Global Next Generation Airport Technology Market Analysis, 2021.”
Next-Generation Security Checkpoints Acquired a Considerable Market Share
The increasing need for advanced screening devices at passenger checkpoints at airports by replacing traditional X-ray scanners has boosted the demand for Next-Generation Security Checkpoints. These checkpoints can help reduce passenger inconvenience by speeding up the screening process & reducing the passenger waiting time, which, in turn, would result in more passengers being pleased with less intrusive checking at airports. Hence, the adoption of Next Generation Security checkpoints can also reduce the time taken by passengers to pass through security points while enhancing the overall airport security.
With Massive Investments in Airport Modernization, North America to Dominate the Global Next Generation Airport Technology Market
Geographically, among all regions, North America accounts for the largest share in the Next Generation Airport Technology Market and is expected to maintain its dominance during the forecast period, too. It attributes principally to the increasing investments in modernizing airport systems across the region. In addition, the strong presence of key manufacturers like Honeywell International Inc., IBM Corporation, and governing agencies like the Transportation Security Administration (TSA) in the United States is another crucial aspect driving the regional market. Moreover, the escalating adoption of advanced technologies like IoT, AI, & AR in countries like the US & Canada to optimize airport operations and bring transparency to processes shall further fuel the market growth across North America in the coming years, reveals MarkNtel Advisors in their research report, “Global Next Generation Airport Technology Market Analysis, 2021.”
According to MarkNtel Advisors, the leading players in the Global Next Generation Airport Technology Market include Honeywell International Inc., TAV Technologies, Siemens, Wipro Limited, IBM Corporation, Amadeus IT Group SA, SITA, Cisco System, Inc., Huawei Technologies Co., Ltd., & L3harris Security & Detection Systems.
Key Questions Answered in the Study