ID: MRFR/A&D/6208-CR | 123 Pages | Published By Swapnil Palwe on April 2019
Airport Information Systems Market Size Valued at USD 4.89 Billion, market Grow at a CAGR Of 4.11% by 2020-2030
Airport Information Systems Market Overview
The global airport information systems market is projected to witness an impressive CAGR of 7.27% during the forecast period (2018-2023). Towards the end of 2023, the market is projected to surpass a valuation of USD 5,750.8 Million. The Airport Information Systems are basically used to handle the equipment derived from the passenger’s information. This includes baggage handling and shift of the management luggage to the aircraft. The Airport Information Systems includes a set of protocols that are followed for the security system at the airport.
The Airport Information Systems Market is majorly driven by factors like the rising air traffic and the increasing demand for the need to share real-time data with all degrees of consumers. There has been a constant expansion of airport expansions by the day, which has increased the need for infrastructure developments. According to recent research, the rising number of air infrastructure by the day has majorly contributed to the Airport Information Systems Market via economic and global development. However, the heavy maintenance prices involved in the urbanization and modernization of the market have depleted the market level, restraining a major development in the Airport Information Systems Market.
The global aviation faced it’s biggest ever shock with the pandemic COVID-19 bringing the entire human race to a practical standstill. With most airlines and their fleets grounded and a sudden collapse of air travel demand, all the parties of the aviation ecosystem have registered record losses, recovering from which is a task for decades.
The demand for air travel is slowly expected to pick up at an organic rate in the coming years however, mandatory measures such as social distancing, temperature screening and an ever-growing need for contact-less passenger operations will be the major driving forces for the growth of information systems in airports.
A major role to play in this scenario will be of innovative and proactive technology. Operational systems that allow for automatic thermal screening and provide detailed information on impact zones to assist efficient cleaning and sanitation of high impact zones, will grow in demand and sustain the market despite the great peril facing the airport IT systems market.
Airport Information Systems Market Growth Dynamics
The key factors that will be seen driving the airport information systems market growth include the ever-increasing passenger traffic and the need for highly efficient passenger control systems, especially during pandemic times. The need for increased interconnectivity of various airport departments, terminal control and real-time data sharing are other factors that will keep the AIS market growing consistently.
A major chunk of airport information systems finds massive growth opportunities in baggage screening and risk control at airports. With anti-social elements constantly threatening securities all over the world, the importance of risk screening at airports is at an all-time high. Travel times are also getting reduced with the advent of new technologies and the operational costs are also reducing with them. This provides a whole new plethora of opportunities to everyone associated with the airport management ecosystem in the form of newer product requirements to meet these newer cutting-edge technologies.
The airport information systems market report states that a major restraining factor for the industry will be the regulatory framework and certification process involved in setting up these new systems across various airports globally. These regulations are in trn driven by the rising cyber threats that all new information systems are constantly threatened with. The high costs involved in installing and upgrading these systems is also a major factor hampering its growth in the long run.
The airport information systems market, itself a part of the airport management ecosystem, commands its own ecosystem made up of raw material suppliers, distributors, manufacturers, providers as well as end users. With such a vast number of parties involved, all affected adversely during the pandemic, management of the supply chain will be the biggest challenge that this industry will have to deal with.
Cumulative Growth Analysis
Numerous airports globally have adopting information solutions such as the cloud-based enterprise software, to improve flow of operations and enhance customer experience by providing quick real-time information to the passengers. Contact-less passenger control to manage long queues and optimize airport operations amidst the pandemic are major focal points for aviation service providers as well as end users globally. The airport information systems market research states that a large-scale adoption of such technologies will be driving the CAGR of the industry during the forecast period and beyond.
Airport Information Systems Market Segment Overview:Airport Information Systems Market by Application
Airport Information Systems Market by System
Airport Information Systems Market by Airport
Airport Information Systems Market by Type
Airport Information Systems Market by End Use
Airport Information Systems Market by Region
Traditionally, the North American economies dominated the global aviation scene on account of their advanced aviation infrastructure and heightened awareness among the customer base. However, now Asia Pacific is emerging as a dominant force in the aviation industry on the whole with a wide range of technological developments happening in the region. Also, giving a major impetus to this industry is the growth in the spending capacity of customers in this region. This growth is a consequence of the high rate of industrial growth and commercialisation in the region which in turn leads to a significant increase in the disposable income of the customer base.
Moreover, a large number of government-led initiatives across several countries in the region for improving overall airport infrastructure are driving the airport information systems market upwards in a steady incline. China, with its plans of constructing 216 new airports by 2035, and India, with its plans for developing and constructing 100 new airports across the country to improve air traffic metrics in the country, will prove to be the major focal points of growth in this region – and the industry on the whole.
Airport management in the developed countries will also undergo a paradigm shift and keep the market trend upwards on the whole. With newer challenges being posed to air traffic and air traffic management systems every day, the airport information systems market will see newer challenges and undergo technological innovations to meet the same. The risks management system and airport financial management information systems are also key types that both the developed and developing countries will be focussing on.
The airport IT systems market is a vast market with various interconnected sub-industries that have their own ecosystem of companies operating at various levels. Some of the major companies operating in the global airport information systems market are as:
In June 2019, one of the Airport Information Systems Market firms, Geneva Airport, collaborated with the Thales group targeting the centralized supervision system. The launch aimed to collect real-time data on all the operational data and check up on any irregularities.
In September 2020, the FAA or Federal Aviation Administration signed a deal with Enterprise Engineering Services worth $2.4 million. This targeted the appropriate data retrieval of support databases.
The Global Airport Information Systems Market Research Report covers the various aspects of the industry to provide a detailed and holistic study of the airport information systems ecosystem.
The Global Airport IT Systems Market Report of Market Research Future comprises of extensive primary research along with the detailed analysis of various strengths, opportunities, restraints and challenges that the industry faces. It incorporates key opinions of various market experts and industry pioneers and provides a deeper insight of the market and the overall industry performance. Also included in the report are the various strategies adopted by the key industry players for a sutained personal as well as industrial growth.
|Market Size||USD 4.89 Billion|
|Forecast Units||USD ( Value )|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Systems, Departure Control System, By Type,By Platform|
|Geographies Covered||North American|
|Key Vendors||Resa airport data systems (France),Amadeus IT Group SA (Spain),Rockwell Collins (U.S.),INFORM GmbH (Germany),Siemens AG (Germany),IBM (U.S.),Ultra Electronics Holdings (U.K),Northrop Grumman Corporation (U.S.),SITA (Geneva),Thales Group (France),IKUSI (Spain).|
|Key Market Opportunities||A major chunk of airport information systems finds massive growth opportunities in baggage screening and risk control at airports|
|Key Market Drivers||The key factors that will be seen driving the airport information systems market growth include the ever-increasing passenger traffic|
Airport Information Systems Market Grow at a CAGR Of 4.11% by 2020-2030
Siemens AS, Thales Group, Collins Aerospace, and Resa Airport Data Systems are heading the charge in the global market.
The largest share of the market is occupied by the North American market.
An income of USD 4.89 Billion is foreseen for the market in the coming period.