Airport Information Systems industry Latest Research, Trends, Size, Technology Demand, Growth Factors and Forecast by 2027

 

Global Airport Information Systems Industry: Competitive Landscape

Companies profiled in the report include SITA, Thales Group, Amadeus IT Group SA, Siemens AS, Collins Aerospace, Gentrack, Inform GmbH, Resa Airport Data Systems, Ikusi, and IBM.

As per the latest report published by Industry Research Future (MRFR), the global airport information system Industry is expected to reach a valuation in excess of USD 5,700 Mn by the year 2023, reflecting a CAGR of 7.27% during the forecast period. The growing importance of harnessing real-time information is driving the popularity of flight information display systems (FIDS).  Increased investment in the aviation sector in fast-developing countries such as China, India, Mexico among others is creating new growth avenues for Industry players. Rapid infrastructure development coupled with the exponential growth in passenger volume in these countries is reflecting favorably on the global airport information systems Industry. In advanced economies, the focus has shifted towards promoting innovation in the aviation sector, which is also propelling the Industry growth.

Modernization of airports to accommodate the evolving operational requirements is necessitating the adoption of cutting-edge airport information systems. However, these systems remain susceptible to cyber threats, which continues to undermine their Industry potential.

Global Airport Information Systems Industry: Segmental Analysis

The segmental analysis of the Airport Information Systems Industry is conducted on the basis of systems, type, and platform and region.

By systems, the Industry has been segmented into airport operation control centre (AOCC) and departure control system (DCS). The AOCC segment is further sub-segment into cargo handling, resource management, flight dispatch and others. The DCS segment is further sub-segmented into flight information display system, passenger check-in & boarding, and weather monitoring system. In 2017, the AOCC segment was valued at USD 2,467.1 M and is expected to witness an impressive growth in 2019 and beyond. Increased efforts to modernize airports is supporting the adoption of AOCC.

By type, the Industry has been segmented into passenger system and non-passenger system. In terms of revenue, close to two-third share of the Industry was represented by the passenger system segment in 2017. In addition, the segment is poised to grow at 7.63% CAGR during the forecast period. This is primarily owing to the growing application of passenger system in airport check-in process. Integration of these systems allow a faster check-in process and a smoother boarding process. By platform, the Industry has been segmented into non-aeronautical systems and aeronautical systems. The aeronautical systems segment commanded the largest Industry share in 2017 and is projected to exhibit 7.75% CAGR between 2018 and 2023. The segment is likely to retain its top position over 2023. Rapid adoption of information systems in airports is driving the growth of the segment.

Global Airport Information Systems Industry: Regional Outlook

On the basis of region, the Industry has been segmented into North America, Europe, Asia Pacific (APAC), Latin America and the Middle East & Africa (MEA). North America holds significant Industry potential for airport information systems. North America currently holds a considerable share of the global airport information systems Industry. 2018 was a high-growth year for the U.S aviation sector, with a healthy uptick in passenger volume. Making airports more efficient and safer remains a key area of focus for the U.S. aviation sector.  Such factors are expected to support the growth of the Industry in North America during the forecast period. In addition, increased investment in airport modernization in countries such as Mexico and Canada creating Industry opportunities in North America. Asia Pacific is expected to be the second largest Industry for airport information systems. In 2017, the Industry in APAC was valued at USD 1,066.8 Mn and expected to witness the highest CAGR during the forecast period.

Browse Complete Report @ https://www.Industryresearchfuture.com/reports/airport-information-systems-Industry-7677

 

Comments

Post a Comment

Popular posts from this blog

GERD and NERD Treatment Market Rising Uptake Of Technology In Medical And Healthcare Sector To Boost Industry’s Growth Market 2019 Market Highlights: GERD & NERD Treatment Market Research Report- Americas forecast till 2023 growing continuously and is expected to grow at a CAGR of 4.02 % from 2017 to 2023. Heartburn is the burning sensation in the chest behind the breastbone that we feel when stomach acid refluxes back into the esophagus (food tube). Increasing prevalence of gastric diseases has increased the investment in GERD medication for research and development. This is expected to further drive the demand for gastroenteric drugs. Major players in GERD & NERD treatment market Some of the major players in this market are ( U.S.), GlaxoSmithKline Plc (U.K), Ironwood Pharmaceuticals, Inc. (U.S.), Jeil pharmaceutical Co. Ltd. (South Korea), Johnson & Johnson (U.S.), Mederi Therapeutics Inc. (U.S.), Medigus Ltd. (Israel), Medtronic Inc. (U.S.), Merck & CO.,...
Read more
Air Ambulance Services Market Size, Share, Trends, Application  Global Air Ambulance Services Market  Overview The Global Air Ambulance Services Market is expected to reach USD 11,456.3 million by 2024 at a CAGR of 2.95% during the forecast period. Air ambulance manufacturers are investing heavily in advanced technologies to reduce costs and improve turnaround time. For instance, 3D printing is dramatically changing the way structures and components of aircraft are currently designed and manufactured. It reduces the design constraints that engineers face when using conventional fabrication techniques. Furthermore, the ability to fabricate functional electronics into complex structures using 3D printing allows manufacturers to offer air ambulances that operate effectively in adverse conditions such as inclement weather, tsunamis, droughts, and cyclones. Global Air Ambulance Services Market  Segmental Analysis The global air ambu...
Read more

Satellite Communication (SATCOM) Market Outlook And Opportunities With Future Growth Scenario By 2027

  Market Forecast The satellite communication (SATCOM) market is projected to register a  CAGR of 8.44%  between  2021 and 2027 .   SATCOM is used for the transmission of information from one place to another with the aid of a satellite that orbits around the Earth. SATCOM is employed for a wide range of mobile applications, including communication to aircraft, ships, vehicles, and hand-held terminals, as well as for TV and radio broadcasting. The increasing deployment of small satellites, growing demand for high-speed Internet, and rising adoption of maritime VSAT are primarily driving the market's growth. Additionally, increasing demand for small form factor SATCOM solutions and frequent launches of military satellitesare driving the global market's growth. Globally, military spending has increased significantly in recent years. Factors such as ongoing conflicts in the Middle East & Africa, long-standing tensions, territorial disputes between ...
Read more