Global Airport Information Systems Market Research Report- Forecast till 2023
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 Mn.
Global Airport Information Systems Market: By Systems [Airport Operation Control Centre (Resource Management, Cargo Handling, Flight Dispatch and Others) and Departure Control System (Passenger Check-in & Boarding, Flight Information Display System, Weather Monitoring System)], By Type (Passenger System and Non-Passenger System), By Platform (Aeronautical Systems and Non-Aeronautical Systems) and Region - Forecast Till 2023
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 Mn. There is a sharp rise in use of flight information display systems (FIDS) on account of the growing importance of real-time information. Moreover, increased investment in agile and innovative airport management technologies characterizes the market growth. With modern airports becoming larger and multifaceted, the need for advanced airport information system is more than ever-before. Nonetheless, the vulnerability to cyber threats continue to cast a shadow over the market potential of airport information systems.
Global Airport Information Systems Market, By Region
In terms of value, North America represents the largest market share. In 2017, the region accounted for close to 30% share of the global airport information systems market and the trend continued in 2018 as well. Presence of a massive aviation sector in the U.S. offers tremendous growth opportunities to market players operating in the region. Efforts to improve airport efficiency and provide better services is also creating market opportunities. Policy makers in the region are encouraging airport modernization. Demand for domestic air transports services in the U.S. and Canada having been spiraling upwards in recent years, which is partly driving the market growth in North America.
Amadeus IT Group SA, SITA, Thales Group, Collins Aerospace, Siemens AS, Resa Airport Data Systems, Gentrack, IBM, Inform GmbH and Ikusi.
Amadeus IT Group SA (Spain), Siemens AG (Germany), and IBM (US) are the leading market players and collectively accounted for over 67.45% of the market share in 2017. Companies are focusing improving their product portfolio and M&A to improve position in the market. Also, companies are spending on research and development to drive product innovation. High competition, rapid changes in technology, and provision of integrated solutions are the key factors that impact market growth.
The report covers the development strategies adopted by the companies between 2015 to 2018.
In December 2017, Amadeus and Biarritz Airport (France) had an agreement for the Airport Common Use Service (ACUS) to enhance flexibility and agility of operations for airlines, passengers, and ground handlers.
In October 2018, SITA delivered an airport collaborative decision making (A-CDM) solution in partnership with Wipro Limited for Toronto Pearson International Airport.
In June 2018, Thales Group signed a contract with the Ministry of Transport and Communication of Oman to modernize the terminals at Muscat International Airport.
By Systems - Airport Operation Control Centre (AOCC) (Resource Management, Cargo Handling, Flight Dispatch and Others) and Departure Control System (DCS) (Passenger Check-in & Boarding, Flight Information Display System, Weather Monitoring System).
By Type - Passenger System and Non-Passenger System.
By Platform - Aeronautical Systems and Non-Aeronautical Systems.
The airport operation control center (AOCC) segment accounted for 64.98% in 2017, with a market value of USD 2,467.1 Mn. The segment is expected to remain highly attractive over the next couple of years. AOCC plays an important role in managing airport processes and make them safer, efficient and secure.
In 2017, the passenger system segment represented a market valuation of 74.62%. In addition, the segment is expected to witness a CAGR of 7.63% during the projection period. Advanced information systems are being used in airport check-in process. They enable faster check-in process, reduce queues and a smoother boarding process.
The aeronautical systems segment stood at a market valuation of USD 2,338.2 Mn in 2017 and is projected to witness a CAGR of 7.75% from 2018 to 2023. The segment is likely to maintain its dominant position throughout the forecast period. Increased expenditure on information systems is one of the key factors driving the segment’s growth.
Key questions addressed by the report
Which applications / segments provides the maximum growth opportunity?
What are the emerging technologies and how it would disrupt the market?
Who are the key players dominating the market, followed by other prominent vendors and strategies adopted by them?
What was the market size and what would be the forecast in next few years?
Regional and country attractiveness: mid to long term outlook?
Market dynamics including trends, opportunities, drivers, challenges and how this would impact the market eco-system?