The global caps and closures market size reached approximately USD 72.26 billion in 2023. The…
The new report by Expert Market Research titled, ‘Global Airport Information Systems Market Growth, Report and Forecast 2023-2028’, gives an in-depth analysis of the global airport information systems market, assessing the market based on its segments like airport sizes, software, functions, operations, costs, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Size (2022): USD 3.2 billion
- Forecast CAGR (2023-2028): 20%
- Forecast Market Size (2028): USD 4 billion
The airport information systems industry is being driven by the growing passenger traffic, which can be attributed to the increased globalisation worldwide. In addition, this system allows the easy management and flow of passengers as it assists them in ticketing, baggage checking, complaints lodging, and knowing about flight arrival or departure.
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Further, the government initiatives to develop greenfield airports for the purpose of environment conservation are also expected to provide a boost to the growth of the airport information systems industry. Moreover, the research and development activities to improve landside operations, airside operations, billing, and invoicing procedures, and information management, among others, are expected to further invigorate the market in the forecast period.
Industry Definition and Major Segments
Airport information systems are management software that helps in the efficient management of airport operations. These help manage passenger flow, baggage facilities, and aircraft arrival and departure through the airport, further enhancing the productivity of the airports. The standard software used in this system include airport landing dues information system (ALDIS), airport flight information display system (AFIDS), cash invoicing, and fuel system, among others.
The airport information systems industry, by airport size, can be segregated into:
- Class A
- Class B
- Class C
- Class D
Based on software, the market can be divided into:
- Passenger Systems
- Non-Passenger Systems
The industry, based on function, can be bifurcated into:
On the basis of operation, the market is divided into:
- Terminal Side
Based on cost, the market is segregated into:
The regional markets of airport information systems include:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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The rapid expansion of the tourism industry, fuelled by the inflating disposable incomes and improved living standards of consumers, is projected to bolster the industry growth. This is a major factor driving the airport information systems industry, as the growing passenger traffic is leading to the increased demand for operation automation systems for the quick and easy completion of airport security and check-in procedures.
In addition, the government expenditure in the rapid expansion of airport networks and renovation of the existing ones is further expected to support the industry growth. Moreover, the integration of advanced technological solutions such as artificial intelligence (AI) and biometrics, among others is anticipated to propel the industry growth in the coming years.
Key Market Players
The major players in the market are Amadeus IT Group SA, SITA group of companies, Raytheon Technologies Corporation (Rockwell collins)., Northrop Grumman Corporation, IBM Corporation, Siemens AG, RESA, S.A.S., and Ikusi Redes de Telecomunicaciones, S.L., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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