Dublin, August 9, 2024 (GLOBE NEWSWIRE) — The report “Airport Digitization – Global Strategic Business Report” has been added to The Offer.

The global airport digitization market is valued at USD 8.2 billion in 2023 and is expected to reach USD 11.4 billion by 2030, growing at a CAGR of 5.0% between 2023 and 2030. This comprehensive report offers in-depth analysis of market trends, drivers, and forecasts to help you make informed business decisions.

The growth in the airport digitalization market is driven by several factors. First, increasing air traffic and passenger volumes require more efficient management systems to handle the increasing demand without compromising on service quality. Second, advances in digital technologies, including AI, machine learning and IoT, provide the necessary tools for developing sophisticated airport management solutions. Third, the emphasis on improving the passenger experience, driven by competitive pressures and evolving customer expectations, is pushing airports to adopt digital innovations.

In addition, regulatory requirements for enhanced safety and security standards encourage the integration of advanced surveillance and screening technologies. The growing trend towards contactless travel solutions, accelerated by the COVID-19 pandemic, has further highlighted the need for digital transformations at airports. Finally, the availability of funding and investments in smart infrastructure projects supports the widespread adoption of digitalization initiatives at major and regional airports worldwide.

Why you should buy this report:

• Detailed Market Analysis: Get access to a thorough analysis of the global airport digitization market, covering all major geographic regions and market segments.
• Competitive insights: Get an overview of the competitive landscape, including the market presence of key players in different regions.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the global airport digitalization market.
• Actionable insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key findings:

• Market Growth: Understand the significant growth curve of the passenger screening and security applications segment which is expected to reach $5.3 billion by 2030 at a CAGR of 4.6%. The baggage service applications segment is also expected to grow at a CAGR of 5.1% during the analysis period.
• Regional Analysis: Gain insights into the US market, estimated to reach $2.2 billion in 2023, and China, which is forecast to grow at an impressive CAGR of 8.1% per year to reach $2.4 billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and Asia Pacific.

Reporting features:

• Comprehensive market data: Independent analysis of annual sales and market forecasts in millions of US dollars from 2023 to 2030.
• Detailed Regional Analysis: Detailed insights into key markets including the US, China, Japan, Canada, Europe, Asia Pacific, Latin America, Middle East and Africa.
• Company Profiles: Coverage of key players such as ADB Safegate BVBA, Alstef Group SAS, Amadeus IT Group SA and more.
• Free Updates: Get free report updates for one year to stay informed of the latest market developments.

Main features:

MARKET OVERVIEW

• Insights into the influencer market
• World market development
• Impact of COVID-19 and a looming global recession
• Airport digitalization – Percentage market share of the most important competitors worldwide in 2024 (D)
• Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)

MARKET TRENDS & DRIVERS

• Increasing demand for efficient airport operations drives growth
• Technological innovations in airport management systems are driving the market
• Increasing focus on passenger experience and comfort promotes acceptance
• Expansion of smart airport projects strengthens business case
• Growth in passenger air traffic creates demand
• Development of IoT and connected technologies expands market opportunities
• Strict safety regulations promote market acceptance
• Advances in AI and machine learning for airport operations drive market growth
• Increasing use of biometrics and facial recognition increases market attractiveness
• Growth in contactless and touchless solutions supports market demand
• Increasing investments in airport IT infrastructure create market opportunities
• Increasing focus on data analysis and real-time monitoring promotes acceptance
• Development of integrated and scalable airport solutions expands the target market
• Growing trend towards digital twin technology at airports drives growth

Focus on selected players (Total 52 presented)

• ADB Safegate BVBA
• Alstef Group SAS
• Amadeus IT Group SA
• Amazon Web Services
• BEUMER Group GmbH & Co. KG
• Bollore SE
• Nokia Corporation
• Rapiscan systems
• Saab
• Scarabee Aviation Group BV
• Siemens Logistics GmbH
• SITA Group
• Thales Group
• T-Systems International GmbH
• Veoci Inc.

For more information about this report visit https://www.researchandmarkets.com/r/5ppgl6

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• Global airport digitization market