Smart Airport Construction Taking Off

Smart airports are coming—and construction professionals will need to build them. The idea behind the development of smart airports is to create an integrated system and a unified and ready-to-use digital platform for airports to become intelligent and informed.

The global smart airport construction market will grow at a projected compound annual growth rate of 9.71 percent from this year until 2021.

One trend in the market is artificial intelligence (AI) and robotics at smart airports. The travel sector, especially the aviation industry, is witnessing an increasing use of AI and robotics to assist passengers at airports. The first customer-facing robot was introduced in 2013 at Geneva Airport.

A rising numbers of air passengers are driving the market. The economic development in emerging countries, such as India, China, and Indonesia, is the prime reason for the rise in the number of passengers. It is expected that by 2025 China will overtake the U.S. as the largest aviation market in the world. India will likely displace the U.K. for the third place.

Uncertainty in the construction sector is one of the greatest challenges in the market. The construction sector is the only industry that has witnessed stagnant productivity in the last 50 years. One of the prime reasons for the stagnant growth of the construction sector is due to the decline in labor productivity. Most of the labor time is wasted on waiting for materials or equipment. This waiting time for materials is followed by the traveling time of these materials to the construction site. Even with this challenge the market is set to grow.

Posted: 10/13/2017 1:23:09 PM



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