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, growing at a CAGR of 10.9% over the forecast period from 2023 to 2031. Smart airport technologies such as biometric facial recognition, smart luggage tracking systems, and automated check-in and boarding are being integrated into airport infrastructure to create an intelligent, efficient, and seamless airport experience for passengers. 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. However, challenges such as cost, integration, privacy concerns, cybersecurity, and regulatory issues exist. The business application segment, which includes solutions that improve airport operations and management, is expected to grow at a significant rate due to the increasing adoption of digital technologies, the need for real-time data analytics and insights, and the growing demand for efficient airport management. Siemens AG, Honeywell International Inc., IBM Corporation, Cisco Systems Inc., and Collins Aerospace were the top five market players holding more than 50% of the market share in 2022.