Sarasota, FL -- (SBWIRE) -- 12/21/2018 -- Global Airport Information Systems Market: Overview
Escalating demand for automated and self-service processes and massive IT spending on airports for gaining higher operational efficiency has generated need for deploying airport information systems. Need for providing passengers with a digitally rich and enhanced travel experience is likely to result in massive rise in the integration of information systems across domestic and international airports. The aviation industry is expected to further increase the demand for more effective and reliable airport information systems in the coming years as passengers become more used to technological nuances and digital devices.
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Global Airport Information Systems Market: Growth Factors
Modernization of the existing airport infrastructures, increase in the number of airports in emerging economies, need for improving the passenger experience at airports, and massive focus on technological innovations at airports to improve their operational efficiency, and the need for enhancing airspace management is expected to drive the growth of the airport information systems market across the globe. Growing passenger traffic coupled with the need for optimal utilization of resources is expected to drive the airport information systems market over the forecast period.
Absence of clearly defined regulations is expected to pose a challenge to airport information systems market growth over the years ahead. Implementation of sophisticated airport information systems involving a lot of cost which is not feasible for airports in developing countries and this is expected to restrain the airport information systems market growth to a larger extent.
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Global Airport Information Systems Market: Segmentation
The global airport information systems market can be divided based on type, end use, airport, and application. Based on the type, the market is segmented into airside and terminal side. On the basis of end use, the airport information systems market is sectored into passengers and non-passengers. Airport information systems market is further classified into Class A, Class B, Class C, and Class D airports based on the airport. On the basis of application, the market is divided into finance & operations, ground handling, security, and maintenance.
Global Airport Information Systems Market: Regional Analysis
Based on region, the global airport information systems market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia Pacific airport information systems market is projected to grow at the highest CAGR from 2018 to 2026. The growth of the Asia Pacific airport information systems market can be attributed to the increased air passenger traffic in the region and use of smartphones. Growing disposable income of the middle-class population of emerging economies such as China and India in the Asia Pacific region is likely to contribute towards the growth of the airport information systems market growth in the region. China is expected to be a major market for airport information systems in the Asia Pacific region, owing to reforms in their aviation regulations and policies, formulation of innovative airport business models, and incorporation of innovative technologies in various airport systems.
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Major airports in Europe including Frankfurt airport in Germany have adopted real-time management systems along with advanced passenger information systems, thereby contributing notably towards the growth of Europe airport information systems market in the years ahead. The region is expected to be the second-largest regional revenue contributor towards the overall market.
North America dominated the overall market growth in 2016 and is anticipated to expand at a healthy rate over the forecast timeline.
Global Airport Information Systems Market: Competitive Players
The key market players of the global airport information systems market include SITA, Amadeus IT Group SA, Rockwell Collins, Inc., Siemens Postal, Parcel & Airport Logistics, INFORM GmbH, Intersystems Group, Lockheed Martin Corporation, RESA, S.A.S., VELATIA, S.L., and Lufthansa Systems GmbH & Co. KG.
Global Airport Information Systems Market: Regional Segment Analysis
North America
The U.S.
Europe
The UK
France
Germany