Global Airport Information System Market Report Examines Latest Trends and Key Drivers Supporting Growth through 2024

In order to study the various trends and patterns prevailing in the overall market for Airport Information System, Market Research Reports Search Engine (MRRSE) has included a new report titled “Airport Information System Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future. Readers can access the regional as well as segment-wise analysis for acquiring precise information about the global market structure.

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The global airport information system market is moderately consolidated. The top five companies viz SITA, Amadeus IT Group SA, Rockwell Collins, Inc., Siemens Postal, Parcel & Airport Logistics, accounted for around 86% of the market in 2015, states MRRSEin a recent report. There are several small players and new entrants providing software solutions, thereby resulting in a high degree of competition. Some of these small players which have achieved economical roduct offerings and economies of scale are Velatia S.L and Resa, S.A.S. Players within the market are targeting the specific needs of domestic as well as international airports and attempting to develop different products in terms of function, technology, and cost. Due to these sincere efforts by market players both big and small, the market will grow and also be highly competitive.

the global airport information system market will be worth US$46,950.6 mn by 2024, exhibiting a 7.2% CAGR from 2016 to 2024. On the basis of geography, North America and Europe are leading and will continue to do so. In terms of solution type, the baggage processing segment has been leading in the past and will continue to do so for the rest of the forecast period, despite other segments expanding at a faster CAGR. Passenger processing and flight information are the two segments which are expected to expand at a faster pace and exhibit a CAGR of 9.5% and 9.1% respectively between 2016 and 2024.

Airport Expansion and Construction Activities to Bolster Demand for Airport Information Systems

The global demand for airport information system is increasing on account of the growth in global air traffic and air passengers in the past few decades. The efficient operation of airport as well as to ensure passenger convenience amidst this vast pressure of handling high number of passengers and flights will drive the growth of the global airport information systems. Government and private companies are both increasing their capital investment for airport construction, airport refurbishment, and airport expansion activities. This will bolster the demand for airport information system. Advanced IT solutions that can effectively handle and display crucial information within the airport premises or any other related contact points is the need of the hour. Thus, there is a dire need for airport information system.

High Cost of Implementation May Slow Down Adoption Rates in Cost Sensitive Regions

There are a few challenges, which are inhibiting the growth of the global airport information system. The high cost of advance airport system is not the only expenditure to be dealt with. The cost of implementing these systems can also be very high on account of supplementary facilities such as continuous high speed connectivity, digitally compliant airport infrastructure, and technologically advanced electronic devices and other supporting devices. Another challenge for the global airport information system is maintaining the security, reliability, and robustness of these additional systems. They also increase the overhead cost of implementing airport information systems. All these factors can slow down the adoption of airport information system, especially in cost sensitive areas such as Africa and Asia Pacific.

The report highlights the competition matrix of the airport information system market, positioning all the major players according to their geographic presence, historical roadmap, competitors, market position, key recent developments, and segment growth. The report also provides key recommendations for various new entrants, small and medium and large market players in the global airport information system market.

Under the company profiles section, the report provides an overview of the players operating in the market, the strategies deployed by them to gain competitive advantage, the annual revenue generated by them in the past two or three years, SWOT analysis, regional breakdown and their relevant business segment revenue. The key players profiled in this report include - SITA, Amadeus IT Group SA, Rockwell Collins, Inc., Siemens Postal, Parcel & Airport Logistics GmbH, INFORM GmbH, Intersystems Group, Lockheed Martin Corporation, RESA, S.A.S., VELATIA, S.L., and Lufthansa Systems GmbH & Co. KG.

Complete Report is now available at @ https://www.mrrse.com/airport-information-system-market

The global airport information system market has been segmented as follows:

Airport Information System Market, by Operation

Airside
Terminal Side

Airport Information System Market, by Airport Category

Commercial Service Airport
Cargo Service Airport
Releiver Airport

Airport Information System Market, by Solution

FIDS
Resource Management Solutions
P.A. System
Baggage Processing
Passenger Processing
Airport Operations
Airport Information
AODB
Others

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This release was published on openPR.