A recent report published by Infinium Global Research on
airport information system market provides an in-depth analysis of segments and
sub-segments in global as well as regional airport information system market.
The study also highlights the impact of drivers, restraints and macro
indicators on the global and regional airport information system market over
the short term as well as long term. The report is a comprehensive presentation
of trends, forecast and dollar values of global airport information system
market. According to the report the global airport information system market is
projected to grow at a CAGR of 5.6% over the forecast period of 2018-2024.
Airport information systems are
used to give information and announcements to passengers and staff from flight
departure time to advertising, traffic situation displays, and weather updates.
This system is the front end to the airport management system as it displays
information to the public in a format that is selected by the airport .In
addition the displays are made up by information being entered from the other
systems. On the other hand, missing flights of the passengers and confusion
are avoided by using such systems.
Growing passenger traffic and the increasing need for real-time data sharing among the consumers are the factors
driving the growth of the airport information system market. Additionally,
increasing IT spending on airports to achieve higher operational efficiency and
to give passengers enhanced and rich travel experience has led to increasing in
information systems across domestic and international airports, which is
fuelling the growth of the airport information system market. However, high
cost in up gradation process and information sharing regulations are the
factors that are anticipated to hinder the growth of the airport information
system market over the forecast period.
Furthermore, as the travel time
between the cities and countries are getting closer with the help of advanced
technologies. These technologies provide efficiency of operations and reduce the operational cost associated with running an airport, therefore, helping the
travelers for a hassle-free stay at the airports. This, in turn, is providing
several growth opportunities for the key players in the airport information
system market. Furthermore, the aviation industry is expected to further increase
the demand for effective and reliable airport information systems in the years
to come.
Among the geographies, North America dominated the global
airport information system market followed by Europe. However, Asia-Pacific is
anticipated to overtake North America and Europe owing to the rapidly increasing
number of air travelers and the vast adoption of smartphones and an increase in the number of airports. Additionally, India, in particular, is giving a massive push
to building massive airports and upgrade existing ones to make flying more
accessible and attract new travelers. For instance, Delhi's Indira Gandhi
International Airport is featured as the top-ranked airport in the world and
indigo has recently started its ATR service paving way for building smaller
town-to-town airports.
The report on global airport information system market covers
segments such as function, cost, and application. On the basis of function
the global airport information system market is categorized into airport
operation control center (AOCC) and departure control system. On the basis
of cost, the global airport information system market is categorized into
integration cost in the airport information system, procurement cost in the airport
information system and operation cost in the airport information system. On
the basis of application, the global airport information system market is
categorized into the airside and terminal side.
The countries covered in the North America region include the
U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India,
South Korea, Malaysia, and among others. Moreover, Germany, U.K., France,
Spain and Rest of Europe are included in the European region. The U.S. drives
the growth in the North America region as it is the largest market in the
region. The Asia-Pacific region offers a substantial potential for the market
growth owing to rapid growth in markets such as India and China. The APAC
region is projected to experience growth at a CAGR of x.x% over the period of
2018-2024.
The report provides profiles of the companies in the global
airport information system market such as SITA, Ultra Electronics Holdings,
Rockwell Collins, Amadeus IT Group, Ikusi, Inform GmbH, Northrop Grumman Corp.,
RESA, IBM Corp and Siemens AG.
The report provides deep insights on demand forecasts, market
trends, and micro and macro indicators. In addition, this report provides
insights into the factors that are driving and restraining the global airport
information system market. Moreover, IGR-Growth Matrix analysis given in the
report brings an insight into the investment areas that existing or new market
players can consider. The report provides insights into the market using
analytical tools such as Porter's five forces analysis and DRO analysis of
airport information system market. Moreover, the study highlights current
market trends and provides forecast from 2018-2024. We also have highlighted
future trends in the airport information system market that will impact the
demand during the forecast period. Moreover, the competitive analysis given in
each regional market brings an insight into the market share of the leading
players. This report will help manufacturers, suppliers, and distributors of the
airport information system market to understand the present and future trends
in this market and formulate their strategies accordingly.