Market Trends of Advanced Airport Technologies Industry
The Digital Signage Systems Segment to Grow with the Highest CAGR During the Forecast Period
- Currently, the passenger, baggage, and cargo handling control systems segment have the highest market share of all the segments, as they are now used widely in terminal operations and airline departure control, like passenger check-in, customs, baggage handling, screening, etc. But the growth of the airport digital signage systems segment is anticipated to be more during the forecast period.
- As the airports and airlines modernize and adopt solutions to make the airports more automated, digital displays are now being adopted on a large scale in every sphere of the airport. Digital signage and touch-enabled kiosks are installed to help ease and enrich the passenger journey, boost passenger satisfaction, and ensure safety at airports.
- Advancements in the integration of smartphones with Bluetooth-enabled beacon technology are helping the development of digital signs, which can deliver highly relevant information to passengers passing by, alert them regarding the whereabouts of shops and restaurants, and simplify the airline lounge admission for members. Thus, the high adoption of these technologies is driving the growth of the segment.
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Asia-Pacific Market to Grow Rapidly in the Future
- Asia-Pacific is expected to witness the highest demand during the forecast period. The growth of the demand for the market is due to the ongoing investment plans of the civil aviation authorities to construct new airports and the increasing threat of terrorist activities at the airports in the region. With the recovering passenger traffic at the airports in the region, countries like China and India are increasing their investments in constructing new airports, expanding existing airports, and modernization of aviation infrastructure in the region.
- Currently, more than USD 200 billion in airport infrastructure projects are ongoing in the Asia-Pacific region. China, India, South Korea, the Philippines, and Vietnam are major countries undertaking such projects. In addition to investments in constructing new airports, airport operators are partnering with companies to introduce innovative security systems.
- On this note, in October 2021, Kansai Airports deployed Secom Robot X2 at Terminal 2 of Kansai International Airport and the airport's railway station. The new robots can autonomously navigate patrol routes that feature a 360° camera, a stereo camera, a PTZ camera, sensing functions laser sensor, an internal temperature and battery temperature sensor bumper sensor, an ultrasonic sensor, and a PSD sensor. Such investments are anticipated to generate demand for new advanced airport technologies for airports and new facilities during the forecast period.
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