- The airport information system market is expected to register a CAGR of ~7% between 2020 and 2030. The market is projected to be driven by increasing investment within the airways industry.
- The global airport information system market is expected to reach ~US$ 70 Bn by 2030 from ~US$ 30 Bn in 2020. Increasing adoption of digitized technology at airports and IoT connected devices by end users is expected to drive the growth of the market.
- The airport information system market in Asia Pacific and Europe is anticipated to expand at a rapid pace during the forecast period, followed by Middle East & Africa and North America
- North America remained the dominant leader in the global airport information system market in year 2019, primarily due to strong network infrastructure and technology adoption with regards to aviation industry, specifically in the U.S.
- North America is projected to witness significant growth in the global airport information system market during the forecast period. Strong adoption of digital and virtual software at airports for a better passenger experience is expected to drive the consistent growth of the North America airport information system market.
- The airport information system market report provides analysis of the global airport information system market for the period 2018 – 2030, wherein 2019 is the base year and 2020 to 2030 is the forecast period. Data for 2018 has been included as historical information.
- The report studies the airport information system market from the perspective of different components and industry verticals
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Airport Information System Market: Snapshot
- Asia Pacific is expected to witness the highest opportunity addition in the airport information system market globally, with Europe being the next closest region
Key Growth Drivers of Airport Information System Market
- Rising IT spending on airports – The continuously growing IT spending on airports is identified as a key factor bolstering the airport information system market worldwide. Rising IT spending on airports can be construed as increasing investment by companies to lower their operating expenditure (OPEX) and deploy modern technologies such as wireless connectivity, automated solutions, and check-in kiosks. With rising investments in IT & telecommunications, airport authorities intend to provide various infrastructural services in order to deliver higher-control, connected, and convenient travel experiences to their passengers. This growth driver is predicted to have a high impact in the medium and long-term of the forecast period due to high IT & telecommunication spending in the airport sector.
- Increasing number of air passengers leading to high airport traffic – The growing number of air passengers worldwide is acting as a major catalyst for rising investment in smart airports. Rising incomes with increasing competition and liberalization in emerging aviation markets is expected to boost the global airport traffic in the coming decades, which in turn is encouraging the deployment of various new technologies and solutions at airports to improve passenger experience. According to the International Civil Aviation Organization, in 2018, approximately 8,200 billion passenger kilometers were travelled at a YoY of 7.1% in comparison to the previous year. This growth driver is projected to have a high impact in the short and medium term of the forecast period.
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Airport Information System Market: Company Profile Snapshot
- The research study includes profiles of leading companies operating in the global airport information system market. Key players profiled in the report include
- Amadeus IT Group SA
- Honeywell International, Inc.
- INFORM Software
- Intersystem Pty. Ltd.
- Lockheed Martin Corporation
- Lufthansa Systems GmbH & Co. KG
- RESA, S.A.S.
- Siemens Industry Inc.
- SITA,
- Velatia
- S.L.
- Vision-Box.
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