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Airport Information System Market By Airport Size (Class A, Class B, Class C, Class D), By Function (Departure Control System (DCS), Airport Operation Control Center (AOCC)), By Application (Terminal Side, Air Side) - Growth, Future Prospects, and Competitive Analysis, 2019 - 2027

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Credence Research Inc

date

2 years ago

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1 business day

The global airport information system market is growing competently, expected to grow at a CAGR of 6.1% and is projected to reach 5.75 Bn by 2027. 

 

The need for technological developments, an increase in the upgrading of existing systems, and efficient air passenger traffic are factors expected to drive the market. In addition, upgrading and modernization activities of the existing airports, the massive increase in constructions of new airports, inclination towards business intelligence solutions and other major programs for staff and passengers is projected to boost the market growth globally. 

 

Airport Size Analysis

“Growing passenger traffic coupled with increasing need for real-time data sharing among the consumers will spur revenue growth during the forecast period” 

Airport business and operation models support explosive growth for the global airline industry. In addition, regulatory reform in North America, Europe, Asia Pacific, and few emerging countries are projected to shape a vivid traffic growth for airline passengers. For instance, according to the International Airport Review, the global passenger traffic was around 8.8 billion in 2018 and is expected to double its capacity by 2030.

 

Decreasing cost in air travel, growing economies, and an incipient level of the middle class in emerging countries with large populations will create a wave of new potential air travelers, thereby increasing the demand for class B airports. The aforementioned factor is expected to drive the demand for airport identification system market.

 

Function Analysis 

“Increasing number of frequent flyers and growing demand towards real time data tracking system to drive the market growth” 

The departure control systems (DCS) have reached substantial popularity due to the provision for e-ticket management using interfaces from various devices like online check-in, check-in kiosks, and mobile boarding cards. SITA, Amadeus, and Damarel are few leading developers of departure control systems (DCS) offering innovative solutions for airline passengers globally. For instance, in June 2018, Amadeus IT Group SA announced a global partnership with Adobe Experience Cloud to bring improved capabilities to airlines, thereby delivering complete digital experiences to air travellers. 

 

Regional Analysis 

“Increasing per capita income, demand for advanced kiosks and enhanced research and development in the field of the aviation sector to drive the market growth” 

North America expected to dominate the market during the forecast period assisted by the U.S. and Canada. In addition, increasing research and development and rising technological advancement in the airport information systems to expand the market for the airport information system market in this region. For instance, favourable passenger services like web check-in and home printing of boarding passes save valuable time and evade long queues at airports. Moreover, increasing use of smartphones in between the passengers and airlines, thereby fueling the market growth for airport information system across the region.

 

Historical & Forecast Period

This study report represents analysis for each segment from 2017 to 2027 considering 2018 to be the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period from 2019 to 2027

 

Market Segmentation 

The current report also comprehends qualitative and qualitative market valuation factors such as key market drivers, market trends, restraints and opportunities that give a better market understanding of the overall airport information system market. Additionally, the global report also comprises graphical representation of competitive landscape based on their market initiatives and strategies, product portfolio and business strengths. 

 

Key questions answered in this report 

  • What was the global airport information system market size in 2017 & 2018?
  • What is estimated forecast and market projections up to 2027?
  • Which is largest regional airport information system market?
  • Which application has the largest penetration of airport information system and related facilities?
  • Which are the predominant trends shaping the global airport information system market?
  • Which is the most promising, attractive, and less-explored Software type segment in the global airport information system market?
  • Who are the leading manufacturers in the global airport information system market?
  • What are the premiere strategies adopted by the leading players in the global airport information system market?

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