According to a new report, the global smart airport market is expected to generate revenue of US$ 82,984.8 million by 2031, up from US$ 32,151 million in 2022, at a CAGR of 10.9% over the forecast period from 2023 to 2031. The market involves the integration of advanced technologies into airport infrastructure to create an intelligent, efficient, and seamless airport experience for passengers. This includes technologies such as biometric facial recognition, smart luggage tracking systems, automated check-in and boarding, and artificial intelligence-powered security screening. The growth of the market is attributed to the increasing need for efficient airport operations, growing air passenger traffic, and the adoption of digital technologies in the aviation industry. One of the key factors driving the growth of the smart airport market is the rising demand for seamless travel experiences. Passengers are looking for a more efficient and stress-free travel experience, and airports are investing in smart technologies to meet these demands. The business application segment is expected to grow at a CAGR of 12.2% during the forecast period. The market is highly consolidated, with a few key players dominating and accounting for over 50% of the total market revenue in 2022. These players include Siemens AG, Honeywell International Inc., IBM Corporation, Cisco Systems Inc., and Collin Aerospace. However, as the smart airport market continues to grow and evolve, there may be opportunities for new players to enter the market and disrupt the dominance of the top players.