According to recent findings, the Next Generation Airport Technology Market is anticipated to grow at a CAGR of around 15% during the forecast period, i.e., 2021-26.
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Next Generation Airport Technology Overview:
The presence of huge oil & gas reserves in the country, along with the discovery of new oil & gas wells, would push the requirement for proppants during the forecast period. According to the Organization of Petroleum Exporting Countries (OPEC), in 2022, Saudi Arabia consisted of around 17% of the world’s proven petroleum reserves, including 267,192 million barrels of crude oil reserves. Hence, the demand for proppants is estimated to rise considerably in Saudi Arabia with the development of the oil & gas industry during 2021-2026.
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Next Generation Airport Technology Outlook and Future Trends :
Integration of Advanced Technologies into Biometric Systems at Airports – Biometric technology is gaining immense popularity at both international & domestic airports worldwide to improve the efficiency & security of passenger processing. Although biometrics is not a new concept, integrating advanced technologies into biometric systems is becoming a trend since this will help automate check-ins & baggage drops, security, immigration, & boarding. Moreover, it can also deliver a step-change operational performance of airports by reducing passenger waiting time & providing seamless operations.
Global Next Generation Airport Technology Segmentation Analysis:
By Technology Type
- Next Generation Security Checkpoint
- Next Generation Automated Parking System
- Next Generation People Scanner
- Next Generation Traffic System
- Next Generation Airport Communication
- Next Generation Surveillance Technology
- Next Generation Biometric
- Next Generation Baggage Screening
- Others
According to reports, Next Generation Security Checkpoints attain a considerable share in the Global Next Generation Airport Technology Market.
By Application
- Flow Monitoring and Management
- Traffic Management
- Airport Operation Management
- Screening and Detection
- Parking Management
- Safety & Security
- Others
According to reports, Traffic Management acquired the largest share in the Global Next Generation Airport Technology Market.
By Deployment
- Cloud
- On-Premise
By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific.
According to reports, Geographically, among all regions, North America holds the largest share in the Global Next Generation Airport Technology Market.
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Some of the Market players in the Global Next Generation Airport Technology are:
- Honeywell International Inc.
- TAV Technologies
- Siemens
- Wipro Limited
- IBM Corporation
- Amadeus IT Group SA
- SITA
- Cisco System, Inc.
- Huawei Technologies Co., Ltd.
- L3harris Security & Detection Systems.
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