Global Airport Information Systems Market Landscape Report 2021-2026 - Key Players are Honeywell Int’l, Amadeus IT Group, SITA, Raytheon Technologies Corp, and Thales - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 15, 2021--
The “Airport Information Systems Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021-2026)” report has been added to ResearchAndMarkets.com’s offering.
The Global Airport Information Systems Market is projected to register a CAGR of over 3.48% during the forecast period (2021-2026).
The ongoing COVID-19 pandemic has resulted in a full-scale crisis with the imposition of travel restrictions and the suspension of flights in a global effort to contain the spread of the virus. The aviation industry is in survival mode, crippled by the loss of traffic and revenues.
According to the latest updates from IATA, ICAO, the Airports Council International (ACI), the UN World Tourism Organization (UNWTO), the World Trade Organization (WTO), and the International Monetary Fund (IMF), the international air passenger traffic in 2020 experienced a drop of about 50-55% as compared to 2020 baseline. Airline Revenue-Per-Kilometer (RPK) has dropped by 48% compared to the 2019 value. Europe and Asia-Pacific are anticipated to be the worst hit in terms of international passenger traffic and revenues.
The number of people opting for air travel has increased in the past few years, which has resulted in increased pressure on airports and airlines to opt for advanced systems that can enhance their ground operations and support their motive to reduce aircraft turnaround time. Upcoming airports use an array of technologies to improve their efficiency and connectivity, ranging from integrated sensors for monitoring temperature and lighting, smart baggage tags for tracking and directing luggage to the aircraft, biometric check-ins with facial recognition, and cargo warehousing management.
Airports are using technologies such as artificial intelligence (AI) and predictive analysis for a wide range of applications, from customer service to operational efficiency. Thus, the integration of such technologies to create an outlook of operations of an airport and measure performance with associated key performance indicators (KPIs) is anticipated to drive the airport information systems market.
Airports are moving toward centralized architecture to meet the need for information sharing to different parties efficiently. Scanners and monitors are connected to airport systems, and hackers can easily gain access to internal systems through these physical assets. Data from the airport is collected, stored, and distributed daily based on requirements that are vital for the airport to operate effectively. With regulations and systems becoming more complex, it is a huge task for manufacturers to keep up to speed with appropriate security measures.
However, there is a prominent threat of cyber-attacks on airports that can lead to widespread disruption of services. According to the study of the European Aviation Security Agency (EASA), there is an average of 1,000 airport cyberattacks per month. The exploitation of such security vulnerabilities may limit the scope of integration of airport information systems during the forecast period.
Key Market Trends
- Increasing Passenger Traffic Necessitating the Adoption of Automated Technologies
- Asia-Pacific to Witness the Highest Growth During the Forecast Period
Honeywell International Inc., Amadeus IT Group SA, SITA, Raytheon Technologies Corporation, and Thales SA are some prominent players in the airport information systems market. To effectively cater to the evolving capacity demand of the airports, software providers are partnering with hardware manufacturers to develop advanced all-in-one solutions for the end-users at a competitive price point.
For instance, in January 2019, Airport Information Systems Limited (AIS) was appointed as the exclusive distributor of Smart TVs manufactured by Cello Electronics (UK) Limited within the airport marketplace. Cello 4K Smart TV displays operate based on the FIDSNET software from airport information systems, which helps in reducing the overall cost of procuring information display systems for the airports.
To gain market share, the market players are expanding their product portfolio by investing significantly toward R&D. For example, at The Airport Show 2019, Honeywell International Inc. showcased its IoT-enabled airport solutions for smarter, safer, and more secure airport operations. The solutions include the Honeywell NAVITAS software suite that gives controllers access to rich, real-time information on the ground, air traffic, and meteorological conditions. It also provides access to a common base of holistic information for more efficient and informed decision-making.
Key Topics Covered
1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter’s Five Forces Analysis
5 MARKET SEGMENTATION (MARKET SIZE BY VALUE - USD BILLION)
5.1.2 Ground handling
5.1.3 Finance and Operations
5.1.5 Passenger Information
5.2.2 Terminal Side
5.3.1 North America
5.3.4 Latin America
5.3.5 Middle-East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Airport Information Systems Limited
6.2.2 Honeywell International Inc.
6.2.3 Amadeus IT Group SA
6.2.5 Thales Group
6.2.6 Raytheon Technologies Corporation
6.2.7 Indra Sistemas SA
6.2.8 IBM Corporation
6.2.10 NEC Corporation
6.2.11 T-Systems (Deutsche Telekom AG)
6.2.12 Siemens AG
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/n2u9fz
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INDUSTRY KEYWORD: OTHER TRAVEL SOFTWARE TRANSPORTATION TRAVEL DATA MANAGEMENT TECHNOLOGY AIR TRANSPORT
SOURCE: Research and Markets
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PUB: 12/15/2021 10:52 AM/DISC: 12/15/2021 10:52 AM