Press release
Airport Information System Market - Quickly Gaining Pace
The aviation industry is expected to further increase the demand for more effective and reliable airport information systems in the future years as passengers become more used to technological nuances and digital devices.
Transparency Market Research predicts that the global airport information system market will expand at a favorable 7.2% CAGR over the period between 2016 and 2024. As a result, the market will rise from a valuation of US$25,185.0 mn in 2015 to US$46,950.6 mn by 2024.
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Based on types of solutions typically employed in airport information systems, the market can be segmented into flight information display systems (FIDS), resource management solutions, public address systems, baggage processing solutions, passenger processing solutions, airport operations, airport information systems, and airport operational database (AODB).
Of these, passenger processing solutions such as passenger kiosks, electronic gates, biometric passenger recognition devices, security scanning, and automated passport control systems are witnessing rapidly rising implementation. Subsequently, the segment is anticipated to expand with CAGR estimated to be close to 10% during the forecast period.
However, the segment of baggage processing solutions, which held the dominant share in the global airport information system market revenues in 2015, is anticipated to retain dominance throughout the forecast period in spite of comparatively slower growth.
In order to curb baggage mishandling and to speed up baggage processing activities and enhance the efficacy at airports, baggage processing solutions are expected to continue to witness high growth in the overall airport information systems market.
About TMR
TMR is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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