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Airport Information System market analysis (Report 2019-2027): market size US$ 5.57 Billion by 2027

January 23, 2020 GMT

Pune, Maharashtra, January 23, 2020 (Wired Release) Acute Global Market Reports Pvt. Ltd The airport information system market was valued at US$ 3.40 billion in 2018 and is expected to hit US$ 5.57 billion by 2027 for a CAGR of 6.1 per cent throughout the forecast period from 2019 to 2027.

The increase in passenger tariffs, coupled with the growing need for real-time data sharing, will stimulate revenue growth during the forecast period.

The global airport information system market is developing productively from 2019 to 2027, accredited to the growing demand for air transport, coupled with the associated need to support airport infrastructure, which has led to the need to drive the sea. In addition, increasing demand for quality and comfortable air travel options will increase the demand for air travel information supposed to lead the market in the forecast period.

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In addition, the increasing use of information systems across domestic and international airports is driving the global market for airport information systems. The aviation industry is projected to further increase the demand for more reliable and efficient airport information systems, due to the increasing preference of passengers for digital electronic devices and technologic gradations.

In the past 5 years, airports on information technology expenditure has increased dramatically by over 50 per cent, fueling the market for airport information systems.  There has been a massive increase in the construction of new airports in recent years, especially in the Asia Pacific and Africa countries, as well as the upgrading and modernization of existing ones. In particular, India is providing a massive push to build new airports and upgrade existing ones to make flying more accessible to the masses and attract new travelers. Indian Airports, in general, have also been on modernization drive and some of them, such as Delhis Indira Gandhi International Airport features as the worlds top-ranked airports and recently Indias homegrown airlines Indigo started their (Regional Air Transport) ATR service paving the way to build smaller town airports. As such, the emerging markets are expected to be the drivers of growth in the market for airport information systems.

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[Note: Our Free Complimentary Sample Report Accommodate a Brief Introduction to the Synopsis, TOC, List of Tables and Figures, Competitive Landscape and Geographic Segmentation, Innovation and Future Developments Based on Research Methodology are also included]

The airport information systems find extensive use across regions such as North America and Europe in developed economies. With an estimated 30 per cent of the overall market in 2016, North America currently dominates the market. The region is anticipated to expand at a healthy 7.5 per cent CAGR over the period between 2018 and 2027 and continue to be the dominant contributor to the global market for airport information systems revenues over the forecast period. Europe is anticipated to account for almost 28.4% of the market in 2016 and is expected to continue to be the second-leading contributor to global market revenues by the end of the forecast period.

However, in terms of growth rate over the period between 2018 and 2027, the Asia Pacific market is expected to outperform those two regions. The Asia Pacific Airport Information Systems market will exhibit a 7.8 per cent CAGR over that period due to the rapidly rising number of air travelers and the vast increase in the adoption of smartphones and mobile apps. The increasing penetration of smartphone-enabled solutions closely integrated with various activities/processes during air travel is providing a tremendous boost to the market for air information systems in the region.

Geographic Coverage

North America AIRPORT INFORMATION SYSTEM Market Revenue and Forecast

Europe AIRPORT INFORMATION SYSTEM Market Revenue and Forecast

Asia Pacific AIRPORT INFORMATION SYSTEM Market Revenue and Forecast

Latin America AIRPORT INFORMATION SYSTEM Market Revenue and Forecast

Middle East and Africa AIRPORT INFORMATION SYSTEM Market Revenue and Forecast

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List of Companies Covered:

Northrop Grumman Corporation
IBM
Advantech
Airport Information Systems
TAV Information Technologies
RESA
Lufthansa Systems GmbH Co. KG.
Velatia, S.L.
Lockheed Martin Corporation
INFORM GmbH
Amadeus IT Group SA

Key questions answered in this report

What was the global airport information system market size in 2017 2018?

What is estimated forecast and market projections up to 2027?

Which is largest regional airport information system market?

Which application has the largest penetration of airport information system and related facilities?

Which are the predominant trends shaping the global airport information system market?

Which is the most promising, attractive, and less-explored Software type segment in the global airport information system market?

Who are the leading manufacturers in the global airport information system market?

What are the premiere strategies adopted by the leading players in the global airport information system market?

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Research methodology devised for this study:

Our methodology comprises a blend of primary and secondary research for engineering the market size, shares and estimations for global AIRPORT INFORMATION SYSTEM market specific to key segments, and regional segmentation.

Secondary Research

Some of the basic, but most important sources referred during the study included company annual reports, press releases, and relevant documents throwing light upon the recent developments in the global AIRPORT INFORMATION SYSTEM market. Reliable sources such as scientific journals, university research papers and government websites were equally referred for recognizing business opportunities in various geographical markets and market penetration of various products/services. In addition, paid databases were referred to collect information useful for the extensive commercial study of the key players operating in AIRPORT INFORMATION SYSTEM market. In case where no data was available on the public domain, we used modeling and estimates to arrive at comprehensive data sets. Secondary research helped to prepare a base for AIRPORT INFORMATION SYSTEM market study.

Primary Research

The extensive secondary research carried out was complemented by extensive primary research to validate data and analysis. Primary research involved telephonic interviews, e-mail interactions as well as face-to-face interviews with leading industry experts.

The participants tracked for primary interviews include:

Vice President/ CEOs

Marketing/product managers

Market intelligence managers

National sales managers

Purchasing managers

Distributors

Other stakeholders

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