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 Smart Airport Systems in North America
According to the International Air Transport Administration (IATA), airport operational costs can reach up to US9.95 per passenger in aero nautical revenue, US 7.08 per passenger in non-aeronautical revenue, and US$ 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 financial losses between 2020 and 2021.
To address these challenges, the aviation 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, communication systems, and advanced security solutions are transforming airport operations. One key example is smart parking systems, which guide passengers to available parking spaces, optimize capacity management, and enable predictive expansion planning. By integrating mobile apps with e-ticketing, airports can streamline parking operations, boost efficiency, and generate higher revenues at lower costs.
The rising demand for cost-effective, intelligent airport solutions is expected to drive significant growth in the North America smart airport market in the coming years. Companies that introduce new technologies and innovative features will be well-positioned to attract customers and expand into emerging markets, supporting a strong compound annual growth rate (CAGR) over the forecast period.
Strategic Insights for the North America Smart Airport Market
To succeed in the North America smart airport market, businesses must leverage data-driven analysis of industry trends, competitive landscapes, and regional dynamics. Key strategies include:
- Identifying untapped opportunities in niche segments or underserved regions.
- Developing unique value propositions to stand out from competitors.
- Utilizing predictive analytics to anticipate market shifts and adapt proactively.
- Aligning with long-term industry trends, such as automation, AI-driven operations, and seamless passenger experiences.
Stakeholders—including investors, manufacturers, and airport operators—must adopt a future-focused approach to maintain a competitive edge and ensure sustainable growth.
Regional Insights: Tailoring Strategies for North America
The North America smart airport market encompasses diverse regions with varying consumer preferences, economic conditions, and regulatory frameworks. To maximize growth, businesses should:
- Customize solutions based on local demands (e.g., smart parking, biometric security, or energy-efficient systems).
- Target underserved markets where demand for smart airport technologies is rising.
- Optimize resource allocation by focusing on high-potential regions.
- Strengthen competitive positioning through localized marketing and strategic partnerships.
By understanding regional nuances, companies can enhance operational efficiency, improve passenger experiences, and drive profitability in the evolving smart airport landscape.
North America smart airport market Segments Covered
North America smart airport market By Component
- Hardware
- Software
- Services
North America smart airport market By Application
- Terminal Side
- Airside
- Landside
North America smart airport market Regions and Countries Covered
North America
- US
- Canada
- Mexico
North America smart airport market leaders and key company profiles
- 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
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Author’s Bio:
Suryakant Gadekar
Senior Market Research Expert at Business Market Insights
