ID: MRFR/A&D/2571-HCR | February 2021 | Region: Global | 111 pages
The airport IT systems can be used to display the flight information in airports that will carry out the operation effectively. The IT system collects a huge amount of electronic information within the airport that offers a smooth flow of information for airport management, security, and management. Airport IT systems are designed to provide effective and reliable airport information systems with the advancement of technology. The airport operations control center makes sure the maximum productivity of an airport will help to improve safety and automation effectively. The departure control system handles the passenger experience for check-in to the exit. Airport IT systems also offer baggage handling and management systems to the passenger information display systems. These systems can offer information and announce to the staff, advertising, passengers, flight departure times, and weather updates.
An ideal airport IT system also provides various subsystems for the smooth operation of an airport. Some of the subsystems are flight information systems, airport security systems, terminal services systems, passenger information systems, and emergency departments systems. In the past years, due to a lack of advanced technology the airport operations safety has been threatened. Due to this, the airports are heavily investing in advanced airport IT systems for real-time monitoring to detect threats. The global airports are focusing on improving the passenger experience, and it will drive the Airport Information System Market. Increasing passenger traffic with the utilization of resources will drive the Airport Information System Market in the forecast period. Major regions are investing heavily in the airport information system to boost the overall experience.
The Airport IT Systems Market highlights the market was valued at $3.61 billion in the year 2017, and it will reach 4.37 billion in the year 2023 at a CAGR rate rod 3.41%. The high growth of. The aviation industry will drive the Airport IT Systems Market. The need for advanced Airport Information Display Systems and airport flight information systems will have a positive impact on the Airport Information System Market. Additionally, the airport IT systems with near field communication, geolocation, thermal sensors, video analytics, and 3D face recognition will offer a boost to the Airport IT Systems Market. Also, the adoption of baggage handling systems is another growth factor in the market. Other factors such as automated processes, increasing investment to improve the infrastructure at airports will drive the market in the forecast period.
According to the data from the international air transport association, the global passenger revenues decrease by $314 billion in the year 2020, and it is a 55% decline in comparison to the previous year.
Due to the coronavirus pandemic, travel restrictions were imposed by the countries. Also, the imposition of lockdown and social distancing guidelines affected the traveling experience. The government in almost all the countries declared a temporary shutdown in the airports; as a result, all the airport activities were on a halt. Due to this, the Airport IT Systems Market saw a huge decline in demand. As per the data of the international air transport association, the global airline passenger Asia Pacific will see a record revenue decline of $113 billion compared to last year. It was the highest decline out of all regions. There will be a 50% decrease in the passenger demand in this Asia Pacific region from last year due to the covid-19 pandemic. And due to this, it has Highly affected the airport IT systems, but the market will see positive growth in the forecast period when everything comes back to normal. The market key players will play a huge role in the Airport Information Systems Market Growth.
One of the major drivers in the airport operations IT systems market is the growing air traffic and increasing need for real-time data information among passengers. Also, the expansion of airport infrastructure, urbanization, and modernization of airports will propel the Airport Operations IT Systems Market. According to the data of the international air transport association, the passenger can double to 8.2 billion by 2037, and the fastest-growing market is China, India, and the US, and it will drive the Airport IT Systems Market. Additionally, increasing the adoption of highly advanced technology in the airport for better operational efficiency and improved passenger experience will increase the demanding Airport Flight Information System and airport information display system across the international airports. The rise in investment in information technology in airlines will also drive the market across the globe. Apart from that, the airports are moving towards better architecture to meet the requirements for information sharing. Airports are developing multi-model transportation spaces for passengers that are digitally aware, easily accessible, interconnected, and intelligent. And it will drive the Airport IT Systems Market in the coming years.
The adoption of smartphone-based solutions in combination with different activities during travel will boost the Airport IT Systems Industry. For example, e-check if boarding passes in provided to the passengers, which will help them from wasting time at the airports. Also, smartphones usage has created new opportunities for the market, such as web boarding passes. Also, the new opportunities for the market will come with the demand for effective and reliable airport information systems in the coming years.
High cost involved in the process of information-sharing systems, and these factors are hampering the growth of the Airport IT Systems Industry. Also, facial recognition algorithms have error rates that can affect security issues. The high cost of biometric devices and the problem IT systems will hamper the airport information systems.
Airports are using information sharing systems, and the scanners and monitors are connected to the airport systems. The airport system stores a huge amount of information that can be hacked by hackers. The hacking activities are increasing every day; as a result, it has become a challenge. It is difficult for the official to take good security measures. According to the European aviation security agency, there are 1000 cyberattacks per month. The key players are trying to overcome this market challenge to boost the market demand in the future.
Cumulative Growth Analysis:
The Airport IT Systems Market highlights the market was valued at $3.61 billion in the year 2017, and it will reach $4.37 billion in the year 2023 at a CAGR rate rod 3.41%. An increasing number of passengers and the adoption of advanced technology in airports will boost the Airport IT Systems Market in the forecast period.
The Airport IT Systems Market is segmented on the basis of Size, Software, Function, Operations Cost, and Region.
The Major Regions in the Airport IT Systems Market are North America, Europe, Asia Pacific, and the rest of the world. The North American region holds the highest share in the Airport IT Systems Market due to the increasing safety and air traffic. Also, the presence of great manufacturers in the aviation industry will drive the Airport Information Systems Market Growth in this region. Asia Pacific region will be expected to register the highest CAGR in the forecast period. The growth of the market in this region will be due to the rising number of airports, emerging economies in countries like India and China. Although the covid-19 pandemic has slowed down the growth rate in this region, the market will see significant growth during the forecast period. The European region will witness moderate growth in the market due to the rising number of airports across the region. Also, the presence of key players will drive the Airport Information Systems Market Growth.
The Major Key Players in the Airport IT Systems Industry are:
Frequently Asked Questions (FAQ) :
Airport IT System Market size is touted to expand at a rate of 6% in the next few years.
APAC can witness the fastest growth in the coming years.
North America is in the lead in the global Airport IT System Marketowing to the improving safety standards and the surge in air traffic.
The function-based market segments are AOCC, DCS and more.
The growth enhancing factors in the market include rise in smartphone-enabled solutions in combination with different activities during air travel.