The North America smart airport market is expected to grow from US$ 5,176.52 million in 2022 to US$ 11,633.15 million by 2028; it is estimated to grow at a CAGR of 14.4% from 2022 to 2028.

The Growing Demand for Cost-Effective Airport Systems is Driving the North America Smart Airport Market

According to the International Air Transport Administration (IATA), airport operational costs can reach up to $9.95 per passenger in aeronautical revenue, $7.08 per passenger in non-aeronautical revenue, and $13.69 per passenger in total costs. The systems used for airport operations are not only expensive but also involve recurring expenses for maintenance, upgrades, and servicing. Additionally, the Airports Council International (ACI) reports that two-thirds of airports handling fewer than 1 million passengers annually faced losses between 2020 and 2021.

To address these challenges, the airport industry is increasingly adopting smart, connected technologies to improve service quality, ensure consistent passenger experiences, and enhance profitability for stakeholders. Innovations in IoT, data analytics, advanced security systems, and communication technologies are transforming various aspects of airport operations.

One key example is the implementation of smart parking systems in airports. These systems guide passengers to available parking spaces, improving efficiency and reducing congestion. Airport operators benefit from real-time visibility into parking capacity, enabling better planning for future expansion. Additionally, integrating mobile smart parking apps with e-ticketing creates a seamless experience for travelers while boosting operational efficiency and revenue generation at minimal cost.

Given the rising need for cost-effective, high-efficiency solutions, the North America smart airport market is poised for significant growth. Market vendors can capitalize on this trend by introducing advanced features and cutting-edge technologies, attracting new customers, and expanding into emerging markets. As a result, the market is expected to grow at a strong CAGR in the coming years.

North America Smart Airport Market Segmentation   

1. North America smart airport market By Component

• Hardware (Dominant segment in 2022)
  • Security Systems
  • Communication & Navigation Systems
  • Endpoint Devices
  • Data Storage
• Software

1. North America smart airport market By Application

• Terminal Side (Dominant segment in 2022)
• Airside
• Landside

1. North America smart airport market By Country

• United States (US) (Dominant market in 2022)
• Canada
• Mexico

North America smart airport market Key Players

Leading companies operating in the North America smart airport market include:

• 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
• T-Systems International GmbH

North America smart airport market Key Takeaways

• Hardware (especially security and communication systems) and terminal-side applications drove market growth in 2022.
• The U.S. holds the largest market share due to advanced airport infrastructure and high adoption of smart technologies.
• Major players focus on IoT, AI, and automation to enhance passenger experience and operational efficiency.

North America smart airport market Strategic Insights

Strategic insights for the North America Smart Airport provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

North America smart airport market Regional Insights

The geographic scope of the North America Smart Airport refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

About Us:

Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications.

Author’s Bio:

Suryakant Gadekar

Senior Market Research Expert at Business Market Insights