Saturday, 4 July 2020

Global Airport Information Systems Market (2020 to 2025) - Growth, Trends, and Forecasts

Airport Information Systems Market - Growth, Trends, and Forecasts (2020 - 2025)

The airport information systems market is anticipated to register a CAGR of over 3% during the forecast period.

Airport information systems enhance the operational efficiency of the airports, while dramatically reducing the operational costs of the airports. Information systems facilitate the hassle-free movement of passengers by giving real-time information regarding the luggage systems, airline and terminal operations, and aircraft movements, thereby, avoiding general confusion.

The growth in passenger travel has stimulated an increase in both aircraft movements and airport terminal expansion activities. This has necessitated more efficient airport information systems for effectively managing both the airside and the terminal side operations of the airport.


Companies Mentioned

Airport Information Systems Limited
Honeywell International Inc.
Amadeus IT Group SA
SITA
Thales SA
Collins Aerospace (United Technologies Corporation)
Indra Sistemas SA
IBM Corporation
Samsung
NEC Corporation
T-Systems (Deutsche Telekom AG)
Siemens AG
Key Market Trends

Increasing Emphasis on Smarter and More Efficient Information Management Systems is Driving the Market

The aviation industry is projected to witness an increase in the demand for effective and reliable airport information systems in the coming years. In this regard, airports are investing in smart airport information management technologies. For instance, the Tampa airport announced in December 2019, that it is increasing the contract awarded to Audio Visual Innovations Inc., by USD 4.2 million for new technology upgrades. The previous contract was worth USD 3.75 million for LCD flat screens, cameras, and SMART interactive boards.

The newer, extended contract covers seven new projects, including event space video wall upgrade, shuttle lobby information displays, meet-and-greet sign replacement, ticket counter modernization, temporary Suite B conference rooms, replacing displays on baggage belt tips with improved real-time data display, and consolidating display support. In addition, several airports around the world have started adopting solutions, like the cloud-based enterprise software, to enhance operations and alleviate customer experience by providing real-time information to the passengers. IoT is being adopted by airports to help manage long queues and optimize airport operations.

Asia-Pacific Region is Projected to Dominate the Market During the Forecast Period

The market in Asia-Pacific is currently growing at a rapid pace, owing to the rapidly increasing number of air travelers propelling the construction and expansion activities of a number of airports. China plans to construct 216 new airports by 2035. With such a huge number of airport constructions underway, there will be a huge demand for real-time airport data for those airports in the years to come, propelling the market growth in the country. New airport constructions that happened in the country recently have resulted in several airport information systems contracts.

For instance, in 2018, T-Systems was awarded a contract for the new Beijing airport for installing specialized Flight Information Integration Systems. The information systems which were put into service in 2019, were aimed at ensuring smooth workflows for aircraft movements and ground handling processes at the airport. On the other hand, India is giving a massive push to its aviation industry, by building a large number of airports and upgrading existing ones to make flying more accessible.

Key Topics Covered:

1 INTRODUCTION

1.1 Study Assumptions

1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Market Drivers

4.3 Market Restraints

4.4 Porter's Five Forces Analysis

4.4.1 Threat of New Entrants

4.4.2 Bargaining Power of Buyers/Consumers

4.4.3 Bargaining Power of Suppliers

4.4.4 Threat of Substitute Products

4.4.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION

5.1 Component

5.1.1 Hardware

5.1.2 Software

5.2 Airport Capacity

5.2.1 Up to 15 million

5.2.2 15-25 million

5.2.3 25-40 million

5.2.4 Above 40 million

5.3 Geography

5.3.1 North America

5.3.1.1 United States

5.3.1.2 Canada

5.3.2 Europe

5.3.2.1 Germany

5.3.2.2 United Kingdom

5.3.2.3 France

5.3.2.4 Rest of Europe

5.3.3 Asia-Pacific

5.3.3.1 China

5.3.3.2 India

5.3.3.3 Japan

5.3.3.4 Rest of Asia-Pacific

5.3.4 Latin America

5.3.4.1 Brazil

5.3.4.2 Rest of Latin America

5.3.5 Middle-East and Africa

5.3.5.1 United Arab Emirates

5.3.5.2 Saudi Arabia

5.3.5.3 Egypt

5.3.5.4 Rest of Middle-East and Africa

6 COMPETITIVE LANDSCAPE

6.1 Vendor Market Share

6.2 Company Profiles

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/2wa4di






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