Published on : Jun 08, 2017
Albany, New York, June 08, 2017: The analysts have included an assessment of the strengths, weaknesses, opportunities, and threats present in the overall market and outlined their impact on the trajectory. The research report has been compiled using primary and secondary research methodologies to provide the readers an accurate and exact picture of the global smart airport construction market.
According to the research report, the global smart airport construction market is expected to progress at a CAGR of 9.71% between the forecast years of 2017 and 2021. The growing number of airlines and increasing number air passengers have been identified as the key aspects driving the global market. The need for smarter airports is being felt with exponentially increasing air traffic and humungous volume of work that requires streamlining. The new-age airports are thus designed to provide quick solutions to complex problems of passengers and ground staff. With integration of advanced technologies and IoT, the global smart airport construction market is expected soar in terms of revenue in the coming years.
From a geographic point of view, the global smart airport construction market is segmented into the Americas, Asia Pacific, Europe, and the Middle East and Africa. Out of all these regions, the global smart airport construction market is likely to be led by Europe in the coming years. The increasing number of travelers across Europe and booming tourism industry are expected to fuel the Europe smart airport construction market in the near future.
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The report studies the impact of humanoid robots and role of artificial intelligence in the global smart airport construction market. Analysts predict that both these factors will drastically change the game for the overall market and the aviation sector. Introduction of humanoid robotics is expected to make a significant difference to the material handling and management of passenger volume in the coming years. Adoption of automation is also expected to create a recognizable change in the way airports function in the foreseeable future.
Some of the key players operating in the global smart airport construction market are GVK Industries, AECOM, Bechtel, Fluor, CH2M, TAV Construction, Indra, Amadeus IT Group, Balfour Beatty, Cisco, Gilbane, Crossland Construction, GMR Group, HDR, Hensel Phelps, Honeywell, and IBM. The research report provides a thorough understanding of the competitive landscape present in the global market. The analysts have scrutinized the threat from new entrants and substitutes to the players in the market. The research report also offers comments and recommendations by market experts to help the readers gain a holistic understanding of the overall market.
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