According to the latest report by Market Research Future (MRFR), the global airport information systemsmarket is slated to surpass a substantial market valuation USD 5,750.8 million of at a steady CAGR of 7.27% over the review period.
Companies profiled in the report include SITA, Thales Group, Amadeus IT Group SA, Siemens AS, Collins Aerospace, Gentrack, Inform GmbH, Resa Airport Data Systems, Ikusi, and IBM.
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The rising importance of harnessing real-time information is fueling the popularity of flight information display systems (FIDS). improved investment in the aviation sector in fast-developing countries such as India, China, Mexico, among others, is opening new growth avenues for major market players. Rapid infrastructure expansion, coupled with the substantial growth in passenger capacity in these countries, is reflecting positively on the global airport information systems market. In established economies, the focus has shifted towards introducing innovation in the aviation sector, which is also propelling market growth.
Modernization of airports to accommodate the developing operational requirements is necessitating the implementation of cutting-edge airport information systems. However, these systems remain vulnerable to cyber threats, which continues to weaken their market potential.
Increased investment in the aviation sector in fast-developing countries such as China, India, Mexico among others is creating new growth avenues for market players. Rapid infrastructure development coupled with the exponential growth in passenger volume in these countries is reflecting favorably on the global airport information systems market. In advanced economies, the focus has shifted towards promoting innovation in the aviation sector, which is also propelling the market growth.
Modernization of airports to accommodate the evolving operational requirements is necessitating the adoption of cutting-edge airport information systems. However, these systems remain susceptible to cyber threats, which continues to undermine their market potential.
The segmental analysis of the airport information systems market is conducted on the basis of type, systems, and platform and region.
By systems, the airport information systems market has been segmented into airport operation control center (AOCC) and departure control system (DCS). The AOCC segment is sub-segment into resource management, cargo handling, flight dispatch, and others. The DCS segment is sub-segmented into passenger check-in & boarding, flight information display system, and weather monitoring system. In 2017, the AOCC segment attained a valuation of USD 2,467.1 million and was expected to witness impressive growth in the forecast period. improved efforts to modernize airports is supporting the adoption of AOCC over the review period.
By type, the market has been bifurcated into passenger system and non-passenger system. In terms of market share, the majority share of the market was represented by the passenger system segment and is poised to expand at 7.63% CAGR during the forecast period. This is primarily due to the increasing application of passenger system in the airport check-in process. Integration of these systems allows a sooner check-in process and relatively smoother boarding process. Based on the platform, the market has been segmented into aeronautical systems and non-aeronautical systems.
The aeronautical systems segment accounted for the largest market share in 2017 and is projected to display 7.75% CAGR over the forecast period. The segment is likely to retain its dominant position in the assessment period. The rapid adoption of information systems in airports is driving the growth of the segment.
On the basis of region, the global airport information systems market has been segmented into the Europe, Latin America, Asia Pacific (APAC), North America, and the Middle East & Africa (MEA).
North America accounts for a significant regional market for airport information systems and is expected to retain its leading market share over the review period. The presence of an established aviation sector, stable economy, and availability of funds are vital factors for the airport information systemsmarket growth. Making airports more well-organized and safer is expected to remain a crucial area of focus for the U.S. aviation sector.
In addition, improved investment in airport modernization in North American developing countries such as Mexico and Canada, is expected to create market opportunities in North America. The Asia Pacific is estimated to be the second-largest market for airport information systems. the APAC airport information systems market is likely to witness the highest CAGR during the forecast period.
Table of Content:
1 Executive Summary
2 Market Introduction
2.2 Scope of The Study
2.3 Market Structure
2.4 Key Takeaways
2.5 Key Buying Criteria
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
3.6 List of Assumptions
Continued. . .
List of Tables:
TABLE 1 MARKET SYNOPSIS
TABLE 2 LIST OF ASSUMPTIONS
TABLE 3 SMART AIRPORT INITIATIVES
TABLE 4 CYBERSECURITY ATTACKS, 2017–2018
TABLE 5 MAJOR GRANTED PATENTS ON AIRPORT INFORMATION SYSTEMS (1ST JANUARY 2014 – 1ST JANUARY 2019)
TABLE 6 GLOBAL AIRPORT INFORMATION SYSTEMS MARKET: REGULATORY LANDSCAPE
Continued. . .
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