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Stock impact report

Smart Airport Market Outlook to 2029, with Focus on FAAs Airport Improvement Program and the European Unions Smart Airports 2030 Initiative [Yahoo! Finance]

Raytheon Technologies Corporation (RTX) 
Company Research Source: Yahoo! Finance
The smart airport market was valued at USD 4.5 billion in 2023. The market's growth is driven by increasing investments in airport modernization, particularly in the adoption of advanced technologies like AI, IoT, and biometrics to enhance passenger experience and operational efficiency. Leading companies in the smart airport sector include SITA, Amadeus IT Group, Honeywell, Siemens AG and Cisco to name a few. These companies have pioneered the integration of advanced technologies in airports, driving innovations in areas such as automated check-in systems, baggage handling, and passenger management. In 2023, SITA and Indicio have announced a co-innovation agreement aimed at accelerating the development and deployment of digital identities for travel. This partnership leverages Indicio's expertise in open-source verifiable data technology to create a more seamless, secure, and privacy-preserving travel experience. Global Digital Transformation Current Market Analysis Europe a Show less Read more
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