Published: Oct, 2018
According to a recent report compiled by Transparency Market Research (TMR), the competitive landscape of the global airport information system market is foreseen to show notable growth owing to the surge in air traffic for both leisure as well as business purpose over the past few years. The construction of airport and other such projects like refurbishments is therefore accelerating the demand for airport information systems market worldwide in the future years.
Some of the major players of the global airport information system market are Amadeus IT Group SA, Parcel & Airport Logistics, Siemens Postal, Rockwell Collins, Inc., and Lufthansa Systems GmbH & Co. KG. and SITA. The market is distinguished by the presence of both small as well as large players which makes the environment very competitive.
As per the TMR report, the global airport information system market is presumed to earn US$46.9 bn by the end of 2024. The market is estimated to expand with a CAGR of 7.2% within the forecast period of 2016 to 2024. As per 2015 records, the market was worth US$25.1 bn. On the basis of solution types, the market is anticipated to be dominated by baggage processing solutions and is likely to remain so in the coming years.
Asia Pacific to Witness Rapid Growth with Rising Number of Air Passengers
The market for airport information system is mainly dominated by the regions of Asia Pacific, Middle East and Africa, North America, South America, and Europe. North America is seen to be dominating the market at present followed by Europe. This is due to the extensive airway usage for both international as well as national tours. On the other hand, Asia Pacific is likely to outshine both the European as well as North American market due to the rapid increase in the number of air passengers in the region.
The rise in air traffic volume for both business and leisure purpose is among the main factors boosting growth of the overall market. There is the need for various operations in the airport in terms of passenger movement, baggage handling, passenger information and flight information. In terms of bigger airports, the need for the same increases. Information Technology is also being used for displaying important information regarding flight departure and arrival gate, flight delay, passenger announcements, and retrieving of baggage along with other such factors demand efficient need at the airport. Innumerable number of flights carrying uncountable number of passengers every day is fuelling the growth of the airport information system market in the future years.
System Maintenance to Affect Market Growth in Negative Light
Although there are lot of growth opportunities in the market, factors like high price of advanced airport information systems and their higher running cost may act as a hindrance in the market in the long run. Besides that, system maintenance is also a crucial factor to retrain the market as they might limit their adoption in terms of large airports as handling thousands of passengers on a daily basis annually will be a difficult task for their smaller counterparts.
However, the engagement of both small and large players to Research and development activities for developing software solutions in order to serve both domestic as well as international airports is likely to meet both cost and functional considerations.
The information presented in this review is based on a TMR report, titled, “Airport Information System Market (Operation - Airside and Terminal Side; Airport Category - Commercial Service Airport, Cargo Service Airport, and Reliever Airport; Solution - FIDS, Resource Management Solutions, P.A. System, Baggage Processing, Passenger Processing, Airport Operations, Airport Information, and AODB) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024”.
The global airport information system market has been segmented as follows:
Global Airport Information System Market by Operation
- Terminal Side
Global Airport Information System Market by Airport Category
- Commercial Service Airport
- Cargo Service Airport
- Reliever Airport
Global Airport Information System Market by Solution
- Resource Management Solutions
- Baggage Processing
- Passenger Processing
- Airport Operations
- Airport Information
Airport Information System Market by Geography
- North America
- The U.S.
- Rest of North America
- The U.K.
- Rest of Europe
- Asia Pacific (APAC)
- Rest of APAC
- Middle East & Africa (MEA)
- United Arab Emirates (the UAE)
- Saudi Arabia
- Rest of MEA
- South America
- Rest of Latin America
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