Global Next Generation Airport Technology Market Analysis, 2021

Market Definition

Over the past few years, the aviation sector has experienced several changes. Moreover, due to various technological advancements & innovations, the coming years are projected to be more turbulent for the aviation industry. With the significantly increasing air traffic, airports are becoming more adaptive & proactive to the changing aviation dynamics. Many efforts are being made to make airport processes & systems more digitally interconnected & infused with intelligence.

Next Generation Airport Technologies help in the modernization of airport systems. The primary goal behind this modernization is the adoption of advanced technologies to enhance safety resilience, capacity, efficiency, flexibility, predictability, & access while minimizing the environmental impact.

Market insights

The Global Next Generation Airport Technology Market is anticipated to grow at a CAGR of around 15% during the forecast period, i.e., 2021-26. The growth of the market attributes primarily to the rapid digital transformation and the adoption of innovative technologies to personalize passenger experience at airports. In addition, the increasing demand for real-time information to reduce the burden on the airport workforce & infrastructure shall also fuel the demand for Next Generation Airport Technologies in the coming years.

Dealing with a surging number of passengers is becoming a severe concern for airports. Long check-in lines, service disruptions, and baggage problems are critical issues that airports need to manage effectively to reduce passenger discomforts. To tackle these challenges & enhance the overall passenger experience, airports are increasingly adopting new technologies that can help them revolutionize these operations. As a result, the aviation sector has now recognized the high potential of next-generation airport technologies for providing a hassle-free experience to travelers.

Besides, infrastructural constraints & growing traveler expectations are other crucial factors projected to fuel the global market growth. Additionally, the mounting desire to enhance process automation & optimize passenger flows shall also contribute significantly to the overall market growth during 2021-26. Adopting next-generation airport technologies can play a vital role in helping airports install assets & allocate human resources effectively, especially during peak times.

Impact of Covid-19 on the Global Next Generation Airport Technology Market

In 2020, the Covid-19 pandemic adversely affected most industries worldwide due to the imposition of cross-border travel restrictions that declined passenger traffic & airport usage. The demand for advanced technologies & digital solutions slowed down temporarily. Besides, the losses experienced by the aviation industry resulted in the reduced adoption of innovative technologies like AI in airport operations.

However, massive investments in the digitalization of airport infrastructures and the increasing adoption of new technologies in the aviation sector to enhance airport management systems boosted the demand for Next Generation Airport technologies.

Amidst the crisis, many countries got inclined toward integrating advanced technologies like self-service check-ins & biometric kiosks, touchless solutions, etc., into airports. The deployment of these innovative technologies also became easy during the lockdown due to reduced passenger traffic at airports. Moreover, with the increasing number of air travelers after the upliftment of lockdown, the need for implementing advanced technologies for efficient airport management at low costs is surging dramatically

Market Segmentation

By Application:

• Flow Monitoring and Management
• Traffic Management
• Airport Operation Management
• Screening and Detection
• Parking Management
• Safety & Security

Of them all, Traffic Management acquired the largest share in the Global Next Generation Airport Technology Market. Adopting next-generation technologies at airports has become necessary in underpinning crowded & complex airspaces. The integration of advanced technologies has been playing a crucial role in air traffic management for supporting decision-making & improving situational awareness.

These innovative technologies help optimize aircraft trajectories and address airspace capacity shortages. In addition, these technologies are likely to reduce the workload of airport staff and escalate their capabilities with digital transformations. Moreover, they shall also help reduce flight delays & airport congestions. Additionally, various government initiatives for encouraging their respective tourism industries & establishing new airports shall also fuel the demand for advanced technologies for traffic management in the coming years.

On the other hand, the demand for next-generation technologies for airport Security & Safety is expected to experience the fastest growth over the forecast years. The increasing number of air passengers is indicating accelerated security threats in the years to come. Hence, the demand for advanced technologies is likely to increase for security purposes since it will be supporting the exploitation of dynamic information on traffic fluctuations, atmospheric hazards, & airspace utilization. Besides, it shall also benefit human operators in improving safety & increasing operational efficiency by providing a seamless flow of passengers through security and reducing all contact points.

By Technology:

• Next Generation Security Checkpoint
• Next Generation Automated Parking System
• Next Generation People Scanner
• Next Generation Traffic System
• Next Generation Airport Communication
• Next Generation Surveillance Technology
• Next Generation Biometric
• Next Generation Baggage Screening

Here, Next Generation Security Checkpoints attain a considerable share in the Global Next Generation Airport Technology Market. The adoption of next-generation technologies for security checkpoints is dramatically increasing due to ever-evolving threats to aviation security. As a result, to keep pace with the sophistication of these emerging threats, it is necessary to have efficient security checkpoint systems at airports to enhance the ability to identify weapons, explosives, & other prohibited items at checkpoints.

Moreover, next-generation security checkpoints can also help eliminate the usage of traditional X-ray scanners. Advanced technologies shall provide an image of the object with exact dimension & density, thereby providing security officers with an improved capability to identify concealed threats while reducing intrusive checking & saving passenger time.

On the other front, the rising demand for self-service baggage drops and increasing usage of electronic bag tags are fueling the adoption of Next Generation technologies in Baggage Screening. Besides, the mounting use of digital biometric ID management technology where passengers can register biometric data on their mobiles before arrival at airports is encouraging the need for Next Generation Biometric technologies since it shall help automate the process from secure check-in to on-time boarding.

Recent Trends in the Global Next Generation Airport Technology Market

• Integration of Advanced Technologies into Biometric Systems at Airports

Biometric technology is gaining immense popularity at both international & domestic airports worldwide to improve the efficiency & security of passenger processing. Although biometrics is not a new concept, integrating advanced technologies into biometric systems is becoming a trend since this will help automate check-ins & baggage drops, security, immigration, & boarding. Moreover, it can also deliver a step-change operational performance of airports by reducing passenger waiting time & providing seamless operations.

Regional Landscape:

• North America
• South America
• Europe
• Asia-Pacific
• Middle East & Africa

Geographically, among all regions, North America holds the largest share in the Global Next Generation Airport Technology Market. It attributes principally to substantial investments in airport modernization with surging improvements in existing airport solutions & services and the mounting adoption of advanced technologies like AI, VR, AR, & IoT at airports across countries like the United States & Canada. In addition, the extensive presence of airports in the United States provides an excellent opportunity to execute their development, expansion, & modernization plans, thereby driving the regional market.

On the other hand, Europe is projected to acquire a significant market share owing to increasing expenditure on the up-gradation of conventional airport systems with advanced technologies and escalating demand for smart airports. Moreover, Asia-Pacific is expected to witness the fastest market growth during the forecast period, owing to various ongoing & upcoming airport modernization programs, coupled with the increasing implementation of new technologies across airports in the region.

Market Dynamics:

Key Driver: Escalating Passenger Traffic & Mounting Focus on Passenger-Centric Processes

The surging number of air passengers is compelling airports to become highly innovative & adapt rapidly changing dynamics. The adoption of next-generation technologies shall help the aviation sector provide an enhanced passenger travel experience, thereby ensuring safety & security and improving operational efficiency. Hence, these benefits associated with the next-generation airport technologies are projected to boost the global market during 2021-26.

Possible Growth Challenge: Substantial Costs of Implementing Advanced Technologies at Airports

Adopting advanced technologies at airports helps simplify check-in & boarding processes at airports. However, high costs associated with the design, development, & implementation of technologically advanced airport systems are likely to hamper the growth of the Next Generation Airport Technology Market during 2021-26. Moreover, implementing innovative technologies requires various electronic components to offer real-time information to airport authorities, which further involves high costs & time and would act as a growth restraint for the global market

Key Questions Answered in the Market Research Report:

1. What are the overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares) of the Global Next Generation Airport Technology Market?
2. What is the region-wise industry size, growth drivers, & challenges?
3. What are the key innovations, opportunities, current & future trends, and regulations in the Global Next Generation Airport Technology Market?
4. Who are the key competitors, their key strengths & weaknesses, and how do they perform in the Global Next Generation Airport Technology Market based on a competitive benchmarking matrix?
5. What are the key results derived from surveys conducted during the Global Next Generation Airport Technology Market study?