Market Forecast By System (Communication and Network Systems, Endpoint Devices, Data Storage, Software and Solutions), By End User (Implementation, Upgrades and Services), By Location (Landside, Airside, Terminal Side) And Competitive Landscape
Product Code: ETC429455 | Publication Date: Nov 2022 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Saudi Arabia Smart Airport Market is expected to grow during the forecast period. The Kingdom of Saudi Arabia has made a significant investment in the development of its aviation sector and aims to become a leading global aviation hub. This is evident from the government's plans to invest USD 80 billion in developing new airports and upgrading existing facilities by 2035. Moreover, the country's Vision 2030 blueprint targets to increase the number of domestic travellers from 20 million to 50 million by 2030.
According to 6Wresearch, the Saudi Arabia Smart Airport Market size is expected to grow during 2022-2028. The aviation sector in Saudi Arabia has been growing rapidly in recent years due to increased tourist arrivals and business travelers. The number of airports in the country has increased from four to thirteen over the past decade.
Saudi Arabia is the largest country in the Middle East and has the fourth busiest airport in the world, King Khalid International Airport. The country is investing billions of dollars to develop its infrastructure and this includes plans to build more airports. As part of its development plans, Saudi Arabia is looking to build smart airports that use cutting-edge technology to improve efficiency and passenger experience.
As the world becomes more digitized, the airport industry is no exception. In order to keep up with the times and provide passengers with a more streamlined travel experience, many airports are investing in smart technology. This is especially true in Saudi Arabia, where the government has made a commitment to invest $80 billion in developing its infrastructure by 2035.
One of the most important investments being made is in Saudi Arabia's airports. By 2022, it is expected that all of the kingdom's airports will be smart airports. This means that they will be equipped with state-of-the-art technology to make the travel experience more efficient and convenient for passengers.
The rising number of air passengers and investments in the aviation sector are some of the key factors driving the growth of the smart airport market in Saudi Arabia. The country's flagship carrier Saudia is also investing heavily in modernizing its fleet and infrastructure. As part of this, Saudia is looking to install advanced technologies at airports across the country. For instance, in March 2019, Saudia signed an agreement with SITA for deploying next-generation technology solutions at King Abdulaziz International Airport (KAIA) in Jeddah. Under the agreement, SITA will provide its common-use self-service (CUSS) kiosks, bag drop units, and other solutions at KAIA Terminal 1.
Some of the features that can be expected at smart airports include:
In addition to this, various airport operators in Saudi Arabia are also looking to adopt artificial intelligence (AI), biometrics, and robotics solutions to streamline operations and improve passenger experience. This is expected to give a renewed push to the Saudi Arabia Smart Airport Market Revenue and development.
The pandemic affected the Global Smart Airport Market to a great extent as the strict lockdowns came hard on the industry, which created a situation where airports were sealed and space for parking the aircraft was almost nil. This hampered the developing sector of the smart airport industry. The pandemic also reduced the footfall in the airport which led to a major shortfall in revenue thus, reducing investment in the industry.
Based on System, the market is segregated in terms of Communication and Network Systems, Endpoint Devices, Data Storage, Software and Solutions. Data Storage is projected to hold the largest market share owing to servers established by the airports to information and act as a backbone for the smart airport. The storage area also usually holds the processing server for the artificial intelligence to process all the information.
In the coming years, the development trends of Saudi Arabia Smart Airport Market growth can be summarized as follows:
The Saudi Arabia Smart Airport Market share is highly competitive which creates focus points for investment to increase the development of various components in the market. Some players operating in the Global market are:
The report offers a comprehensive study of the subsequent market segments:
1. Does the report include the impact of COVID-19?
Yes, the report includes the impact of coronavirus.
2. Which factor is driving Saudi Arabia Smart Airport Market?
The market is driven by factors such as the growing demand for air travel, increasing passenger traffic, and expansions and upgrades of airports.
3. Who are the key customers in Saudi Arabia Smart Airport Market?
Some of the key customers in the Saudi Arabia Smart Airport Market include aviation and security service provider industries.
4. What is the forecasted period for the Saudi Arabia Smart Airport Market report?
The Saudi Arabia Smart Airport Market report covers 2022-2028 as the forecasted years.
5. Who are the key manufacturers in Saudi Arabia Smart Airport Market?
Some of the key manufacturers are Ascent Technology, Inc., Cisco Systems Inc., Honeywell International Inc., Huawei Investment & Holding Co., Ltd., International Business Machine Corporation, Indra Sistemas, S.A., L3Harris Technologies Inc., Raytheon Technologies Corporation, SITA, and Thales Group.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Saudi Arabia Smart Airport Market Overview |
3.1 Saudi Arabia Country Macro Economic Indicators |
3.2 Saudi Arabia Smart Airport Market Revenues & Volume, 2021 & 2028F |
3.3 Saudi Arabia Smart Airport Market - Industry Life Cycle |
3.4 Saudi Arabia Smart Airport Market - Porter's Five Forces |
3.5 Saudi Arabia Smart Airport Market Revenues & Volume Share, By System, 2021 & 2028F |
3.6 Saudi Arabia Smart Airport Market Revenues & Volume Share, By End User, 2021 & 2028F |
3.7 Saudi Arabia Smart Airport Market Revenues & Volume Share, By Location, 2021 & 2028F |
4 Saudi Arabia Smart Airport Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Saudi Arabia Smart Airport Market Trends |
6 Saudi Arabia Smart Airport Market, By Types |
6.1 Saudi Arabia Smart Airport Market, By System |
6.1.1 Overview and Analysis |
6.1.2 Saudi Arabia Smart Airport Market Revenues & Volume, By System, 2018 - 2028F |
6.1.3 Saudi Arabia Smart Airport Market Revenues & Volume, By Communication and Network Systems, 2018 - 2028F |
6.1.4 Saudi Arabia Smart Airport Market Revenues & Volume, By Endpoint Devices, 2018 - 2028F |
6.1.5 Saudi Arabia Smart Airport Market Revenues & Volume, By Data Storage, 2018 - 2028F |
6.1.6 Saudi Arabia Smart Airport Market Revenues & Volume, By Software and Solutions, 2018 - 2028F |
6.2 Saudi Arabia Smart Airport Market, By End User |
6.2.1 Overview and Analysis |
6.2.2 Saudi Arabia Smart Airport Market Revenues & Volume, By Implementation, 2018 - 2028F |
6.2.3 Saudi Arabia Smart Airport Market Revenues & Volume, By Upgrades and Services, 2018 - 2028F |
6.3 Saudi Arabia Smart Airport Market, By Location |
6.3.1 Overview and Analysis |
6.3.2 Saudi Arabia Smart Airport Market Revenues & Volume, By Landside, 2018 - 2028F |
6.3.3 Saudi Arabia Smart Airport Market Revenues & Volume, By Airside, 2018 - 2028F |
6.3.4 Saudi Arabia Smart Airport Market Revenues & Volume, By Terminal SideÃÂ ÃÂ ÃÂ , 2018 - 2028F |
7 Saudi Arabia Smart Airport Market Import-Export Trade Statistics |
7.1 Saudi Arabia Smart Airport Market Export to Major Countries |
7.2 Saudi Arabia Smart Airport Market Imports from Major Countries |
8 Saudi Arabia Smart Airport Market Key Performance Indicators |
9 Saudi Arabia Smart Airport Market - Opportunity Assessment |
9.1 Saudi Arabia Smart Airport Market Opportunity Assessment, By System, 2021 & 2028F |
9.2 Saudi Arabia Smart Airport Market Opportunity Assessment, By End User, 2021 & 2028F |
9.3 Saudi Arabia Smart Airport Market Opportunity Assessment, By Location, 2021 & 2028F |
10 Saudi Arabia Smart Airport Market - Competitive Landscape |
10.1 Saudi Arabia Smart Airport Market Revenue Share, By Companies, 2021 |
10.2 Saudi Arabia Smart Airport Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |