The global smart airport market is projected to reach a revenue of US$82.98 billion by 2031, with a compound annual growth rate of 10.9% from 2023 to 2031, according to a report by Astute Analytica. Key drivers of the market include the growing demand for efficient airport operations, increasing air passenger traffic, adoption of digital technologies in the aviation industry, and rising need for seamless travel experiences. The business application segment is expected to grow at a significant rate, driven by increasing adoption of digital technologies in airport operations, need for real-time data analytics and insights, and growing demand for efficient airport management. The market is highly consolidated, with key players including Siemens AG, Honeywell International, IBM Corporation, Cisco Systems, and Collins Aerospace accounting for more than 50% of the total market revenue. The cost of implementing smart airport technologies, integration challenges, privacy concerns, cybersecurity, and evolving regulatory standards are among the current challenges facing the market.