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Smart Airport Market to Reach $66.76Bn, Globally, by 2028 at 17.0% CAGR with Hardware Segment Driving Growth During 2022–2028 | The Insight Partners

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Pune, India, June 28, 2023 (GLOBE NEWSWIRE) — The Insight Partners published latest research study on “Smart Airport Market Size Report, Share, Revenue, Growth Strategy, Industry Trends and Forecast to 2028 – COVID-19 Impact and Global Analysis By Component, Application, and Geography”, the global smart airport market size is expected to grow from USD 26.07 Billion in 2022 to USD 66.76 Billion by 2028; it is expected to grow at a CAGR of 17.0% from 2022 to 2028. The enhanced passenger experience and increase in air passenger traffic across the globe. However, the lack of trained and experienced staff is expected hinder the growth of the market.

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Smart Airport Market Report Scope, Segmentations, Regional & Country Scope:

Report Coverage Details
Market Size Value in USD 26.07 Billion in 2022
Market Size Value by USD 66.76 Billion by 2028
Growth rate CAGR of 17.0% from 2022 to 2028
Forecast Period 2022-2028
Base Year 2022
No. of Pages 146
No. of Tables 62
No. of Charts & Figures 65
Historical data available Yes
Segments covered Component, and Application
Regional scope North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country scope US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Report coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Companies Covered Honeywell International Inc, Cisco Systems Inc, Huawei Technologies Co. Ltd, Indra Sistemas SA, Amadeus IT Group SA, SITA, Collins Aerospace, Daifuku Co. Ltd., Thales Group, T-Systems International GmbH.

Smart Airport Market Analysis: Competitive Landscape and Key Developments
The market leaders focus on new product launches, expansion and diversification, and acquisition strategies, which allow them to access prevailing business opportunities.

February 2023: The Aviation Security Service (AvSec) of New Zealand awarded a contract to Smiths Detection, a leader in threat detection and security inspection technologies, to provide cutting-edge checkpoint security technology for its five main international airports: Auckland, Christchurch, Dunedin, Queenstown, and Wellington.

June 2022: Fiumicino Airport in Italy announced the development of a virtuous baggage handling system that includes baggage sorting systems and Hold Baggage Systems (HBS) for X-ray control of 100% of the baggage on departure.

China has emerged as a leader in the smart airport market, distinct from its dominance in the broader Asia Pacific region. The country’s significant market share and advancements in smart airport technologies have propelled its leadership position. China’s dominance in the smart airport market can be attributed to several key factors. Firstly, the country’s massive population and rapid urbanization have substantially increased air travel demand. Chinese airports have experienced significant growth in passenger volumes, necessitating the adoption of smart technologies to handle the rising influx of travelers efficiently.

Secondly, the Chinese government has strongly emphasized developing advanced infrastructure and promoting technological innovation in the aviation sector. Initiatives like the “Civil Aviation Development 13th Five-Year Plan” have encouraged airports to upgrade their facilities and integrate smart solutions. The government’s support has provided a conducive environment for implementing smart airport technologies nationwide. China’s technological prowess and innovation capabilities have been instrumental in its market leadership. The country boasts a vibrant tech industry and a highly skilled workforce, fostering the development and adoption of cutting-edge technologies. Chinese airports have been early adopters of smart airport solutions such as facial recognition for security screening, self-service check-in kiosks, and real-time passenger information systems.

In addition, China’s commitment to creating smart cities and digital transformation has extended to its airports. Major airports in the country, such as Beijing Capital International Airport and Shanghai Pudong International Airport, have undergone extensive smart upgrades, including smart security systems, intelligent baggage handling, and personalized passenger services. These initiatives have significantly enhanced the overall passenger experience and operational efficiency. Furthermore, China’s leadership in 5G technology and Internet of Things (IoT) infrastructure has been pivotal in driving smart airport advancements. The high-speed connectivity of 5G networks enables seamless integration and data exchange among various airport systems and devices. This facilitates real-time monitoring, predictive analytics, and enhanced communication, contributing to smarter and more efficient airport operations.

Smart Airport Market: Segmental Overview
Based on component, the market is divided into hardware and software. The hardware segment held the largest share of the market in 2020, whereas the software segment is anticipated to register the highest CAGR in the market during the forecast period. Based on application, the smart airport market is segmented into terminal side, airside, and land side. The terminal side segment held the largest share of the smart airport market in 2020 and is anticipated to register the highest CAGR in the market during the forecast period.

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Advanced Security Systems Provides Lucrative Opportunities for Smart Airport Market:
Advanced security systems present a significant opportunity for the smart airport market. With the increasing need for enhanced security measures, smart solutions can revolutionize how airports approach security. Smart airports can leverage advanced technologies such as biometric identification, facial recognition systems, and video analytics to create a robust and efficient security infrastructure. These systems enable airports to identify passengers and detect potential threats, improving overall security levels accurately and quickly. Biometric identification technologies, such as fingerprint or iris scanning, provide a secure and convenient way to authenticate passengers’ identities, reducing the reliance on traditional identification methods like passports or boarding passes. This enhances the passenger experience by simplifying the check-in and boarding processes and strengthens security by reducing the risk of identity fraud.

Facial recognition systems integrated into smart airports can automate verifying passenger identities at various checkpoints throughout the airport, including security screening and immigration. This technology can compare the passenger’s face against stored data or watchlist databases, allowing real-time identification of individuals of interest or potential security risks. Video analytics play a crucial role in enhancing security surveillance within airports. By leveraging artificial intelligence and machine learning algorithms, smart cameras can analyze video feeds in real-time, automatically detecting and alerting security personnel to suspicious activities or unauthorized access attempts. This proactive approach improves the ability to promptly prevent and respond to security incidents. These advanced security systems not only enhance safety but also improve operational efficiency. By automating and streamlining security processes, smart airports can reduce passenger wait times, enhance the overall flow of travelers, and minimize congestion at security checkpoints. This, in turn, contributes to a positive passenger experience and increases overall airport capacity. The smart airport market has an opportunity to develop and deploy these advanced security systems, catering to the growing demand for secure and efficient air travel. By implementing cutting-edge technologies, airports can establish themselves as leaders in aviation security while ensuring a seamless and safe experience for passengers.

Go through further research published by The Insight Partners: (Purchase with 10% Instant Discount):

Airport Smart Lighting Market Forecast to 2028 – COVID-19 Impact and Global Analysis

Ground Handling Software Market Forecast to 2028 – COVID-19 Impact and Global Analysis

Airport Management Market Forecast to 2028 – COVID-19 Impact and Global Analysis

Green Airport Market Forecast to 2028 – Covid-19 Impact and Global Analysis

Airport Operations Market Forecast to 2028 – COVID-19 Impact and Global Analysis

About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

Contact Us:
If you have any queries about this report or if you would like further information, please contact us:

Contact Person: Ankit Mathur
E-mail: [email protected]
Phone: +1-646-491-9876

Press Release: https://www.theinsightpartners.com/pr/smart-airport-market

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Elevate Your Virtual Reality Experience with KIWI design RGB Vertical Stand, Now Available on Meta’s Website

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LOS ANGELES, May 11, 2024 /PRNewswire/ — Top-tier VR accessories provider KIWI design has launched its latest product, the RGB Vertical Stand. This Meta-authorized accessory, designed to deepen users’ immersion in the metaverse, is now available on the official Meta website.

“KIWI design’s commitment to pushing the boundaries of virtual reality accessories takes another leap forward with the introduction of our new products,” said Ray,the CEO of KIWI design. “We are always dedicated to bringing innovative upgrades to VR device accessories, with the goal of enriching users’ virtual reality experiences.”
The newly launched RGB Vertical Stand features a user-friendly modular design with push-in assembly, making it easy to set up and use. It is compatible with Meta Quest 3, Quest 2, and Quest Pro, ensuring widespread usability. With a magnetic USB Type-C connector, it provides an effortless way to charge and display your headset. Users can also customize their display with 16 pre-set ambient multicolor RGB light options.
With VR technology constantly evolving, users are seeking more immersive experiences. As a leading manufacturer of VR accessories, KIWI design is committed to enhancing the user experience, through unique product designs. Since its establishment in 2015, KIWI design has acquired over 100 patents and has a diverse product lineup, including head straps, facial interfaces, VR stands, charging accessories, and controller grip covers.
KIWI design has also actively participated in the Made for Meta program, which is provided by Meta to strengthen its partnerships with leading brands to deliver accessories that enhance Meta products with more choice and a richer experience for everyone. KIWI design’s participation in this program validates its high-quality design standards.
The RGB Vertical Stand for Meta Quest 3, Quest 2, and Quest Pro and another specially designed authorized charging dock for the Meta  Oculus Quest 2 are now available for purchase on both KIWI design’s website and Amazon. For more information about our brand and products, please visit our website and follow KIWI design on Facebook, Instagram, X, YouTube and TikTok.
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https://www.instagram.com/kiwidesignins/

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WIO Taps Gracenote to Revolutionize Television Broadcast Reporting

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LOS ANGELES, May 11, 2024 /PRNewswire/ — WIO LLC, parent company of the global TV broadcast airings platform, WIOpro™, has announced a new strategic agreement with Gracenote, the global content data business unit of Nielsen, to address the longstanding challenge of accurately tracking and collecting music royalties generated by broadcast television and digital programming, With this agreement, WIO will integrate Gracenote TV program metadata and show airings into its WIOpro™ (“When’s It On – Professional”) platform enabling performance rights organizations, copyright management organizations and other entities to better monitor broadcast schedules and identify when royalties have been earned.

By integrating Gracenote historical program data into WIOpro’s new LookBack™ feature, WIO is enhancing its reporting capabilities and empowering Collection Societies, Rights Management Companies and the royalty-earning community to more easily monitor and export broadcast airings and better understand collections opportunities.
“At WIO, we are committed to empowering collection societies and copyright holders around the world with our platform tools and unprecedented access to the best and most accurate television broadcast and streaming data available,” said Shawn Pierce, Co-Founder and CEO of WIO LLC. “We have enjoyed an incredible relationship with Gracenote for 10 years. With the solidification of this agreement, we are able to deliver an unrivaled dataset to the royalty and residual community in a way that has not been offered before.” said Adam Shafron, Co-Founder and CTO of WIO LLC.
“WIO’s platform developed to solve the difficult matter of royalty tracking only becomes more powerful based on the integration of accurate, timely and comprehensive Gracenote metadata,” said Scott Monahan, Director, Strategic Partnerships, Gracenote. “We look forward to the combination of WIOpro’s technology and Gracenote’s program metadata delivering on the promise of transforming music royalty collection so that rights holders can be fairly compensated for use of their work.”
WIO and Gracenote will be at the MusicBiz 2024 conference in Nashville, TN May 13 – 16. Contact Dave Pelman, COO of WIO LLC at [email protected] for media queries or to book an appointment for a product demonstration.
About WIO:WIO is a technology company dedicated to providing broadcast television and digital programming data tailored specifically for the royalty and residual collection industry. Through its platform WIOpro (wiopro.com), users obtain access to real-time broadcast insights, reporting and curated data delivery.
About Gracenote:Gracenote is the content data business unit of Nielsen providing entertainment metadata, connected IDs and related offerings to the world’s leading creators, distributors and platforms. Gracenote enables advanced content navigation and discovery capabilities helping individuals easily connect to the TV shows, movies, music, podcasts and sports they love while delivering powerful content analytics making complex business decisions simpler.
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IDTechEx Explores Printed Electronics in Electrified and Autonomous Mobility

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BOSTON, May 10, 2024 /PRNewswire/ — Electrification, autonomy, and vehicle ownership saturation are causing a technological revolution in the automotive sector. These automotive meta-trends are driving drastic changes in electronic component requirements and present a high-volume opportunity for printed electronics to capitalize on.

Historically, printed electronics technologies have nurtured a close relationship with the automotive sector, with printed force sensors pioneering passenger safety through seat occupancy and seatbelt detection. As such, the automotive sector continues to represent the lion’s share of the global printed and flexible sensor market, which IDTechEx’s report on the topic evaluates as worth US$421M in 2024. However, if the automotive sector is to continue to be a reliable revenue stream, printed electronics technology providers must adapt to address the emerging technical challenges facing future mobility.
Augmenting autonomous vehicles with printed electronics
As vehicle autonomy levels advance, the increasing number and distribution of spatial mapping sensors required will need continuous performance improvements to ensure passenger safety. Emerging printed electronics technologies can augment these sensors, extending detection bandwidth and maximizing reliability during operation.
Transparent conductive films (TCFs) are being developed to heat and defog LiDAR sensor panels, ensuring the function is unperturbed by external environmental conditions. Properties such as high transparency and low haze are important for defogging. These properties can be easily tuned using the wide variety of material options available for TCFs, including carbon nanotubes and silver nanowires.
IDTechEx identifies printed heating as a leading application of transparent conductive films. This is attributed to diminishing growth prospects in capacitive touch sensing applications. Innovations in thin film coating techniques have enabled indium tin oxide (ITO) to dominate touch sensing applications, all but displacing TCFs completely.
Looking towards the future, printed electronics technologies could play a more active role in advanced autonomous driving. Emerging semiconductive materials, such as quantum dots, printed directly onto conventional silicon image sensor arrays can extend detection range and sensitivity deeper into the infrared region. Augmenting existing image sensor technology with enhanced spectral range could facilitate the competition of hybrid silicon sensors with established InGaAs detectors.
Printed sensors promise granularized battery health monitoring
Vehicle electrification is driving the sustained development and evolution of electronic management systems, particularly in the battery and electric drivetrain. A strong market pull exists for technologies that increase vehicle efficiency, range, and lifetime while reducing recharge times.
Printed pressure and temperature sensors measure battery cell swelling and thermal profiles, providing granularized physical data that can be used to optimize battery deployment and recharging. Moreover, hybrid printed sensors that combine integrated printed heating elements promise a solution to actively address battery temperature. IDTechEx estimates that printed sensor-enabled battery deployment and charging optimizations could be worth up to US$3000 in savings per vehicle.
There remains uncertainty about whether electrification trends will correspond to increased demand for physical sensors in electric vehicle batteries, owing to the utility of existing electronic readouts for managing deployment. Virtual sensors also pose a threat, where AI-enabled software models interpret data to predict and emulate physical sensor functions without the need for discreet components. However, emerging regulations regarding safety and sensor redundancy will likely favor measurable metrics and see automotive makers continue to adopt physical sensors. IDTechEx predicts that virtual sensors are unlikely to displace their physical counterparts – so long as low-cost sensors remain widely available.
Embedding printed electronics in the car of the future
IDTechEx predicts that global car sales will saturate over the next decade, with automakers increasingly looking for premium features and technical innovations to differentiate themselves from the competition. In-cabin technologies will be highly desirable – as the location where passengers reside and interact with the vehicle the most.
Lighting elements are emerging as a prominent differentiator, described as “the new chrome” by Volkswagen’s chief designer. The use of in-mold structural electronics (IMSE) enables the integration of embedded lighting elements using existing manufacturing processes. 3D electronics technologies are intrinsically attractive for automotive integration, as functional layers are conformable and lightweight while easily embedded within existing aesthetic elements.
Despite strong tailwinds, the adoption of in-mold electronics within automotive interiors has been sluggish. This is attributed to the challenges of meeting automotive qualification requirements, as well as stiff competition with less sophisticated alternatives such as applying functional films to thermoformed parts. Nevertheless, momentum is building, with technology providers like Tactotek partnering with Mercedes-Benz and Stallantis to progress the automotive validation of IMSE to TRL5.
Outlook for printed electronics in automotive applications
Just as printed force sensors heralded early passenger safety systems, printed electronics technology is poised to underpin next-generation innovations for the car of the future. But this time, the competition will be stiff. Critical cost requirements must be met, while desirable new functionality must address existing challenges faced by manufacturers. Printed electronics can play a role in supporting emerging electrified and autonomous mobility, such as augmenting LiDAR sensors or optimizing electric battery deployment. Demand for technologies that enhance passenger experience and vehicle aesthetics will continue to grow, and printed electronics can supply low-power, lightweight lighting solutions for these.
Sustained engagement from tier suppliers and manufacturers continues to make the automotive sector key to printed sensor market growth opportunities – a total market IDTechEx predicts will reach US$960M by 2034. Strong partnerships between material providers and printed electronics technology providers are complementary to those of the highly vertically integrated automotive value chains between tier suppliers and OEMs. Leveraging printing techniques to provide solutions that slot into existing manufacturing processes and designs will be crucial. In the medium term, the printed electronics technologies most likely to realize revenue potential are those that can adapt to service emerging challenges already known to the automotive industry.
For more information on IDTechEx’s research on this topic, please see their report, “Printed and Flexible Sensors 2024-2034: Technologies, Players, Markets”. Downloadable sample pages are available for this report.
For the full portfolio of printed and flexible electronics market research from IDTechEx, please visit www.IDTechEx.com/Research/PE.
About IDTechEx:
IDTechEx provides trusted independent research on emerging technologies and their markets. Since 1999, we have been helping our clients to understand new technologies, their supply chains, market requirements, opportunities and forecasts. For more information, contact [email protected] or visit www.IDTechEx.com. 
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