openPR Logo
Press release

Airport Information System Market: Demand for Efficient Passenger Movement at Airports Necessitate Adoption

Airport Information System Market: Demand for Efficient

The global airport information system market is largely consolidated with top five players holding nearly 86% of the overall market in 2015, reveals Transparency Market Research (TMR) in a new report. However, there exists several small players that provide software solutions at competitive prices, thereby intensifying competition in this market. Both large and small players are engaged in R&D to develop software solutions to serve domestic and international airports that meet functional and cost considerations. These efforts are likely to translate into notable growth of the market in the years ahead, notes the study.

Key companies having presence in the global airport information system market include SITA, Rockwell Collins Inc., Amadeus IT Group SA, and Siemens Postal, Parcel & Airport Logistics, Resa S.A.S., and Velatia S.L.

Request PDF Brochure: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=7670

According to the TMR report, the global airport information system market is predicted to attain a value of US$46,950.6 mn by 2024 end, rising at a CAGR of 7.2% between 2016 and 2024. By solution type, the segment of baggage processing currently leads the market and is likely to continue to remain at the fore. However, flight information and passenger processing segments are predicted to expand at a faster growth rate between 2016 and 2024. By geography, North America currently leads the airport information system market; the region held nearly 30% of the overall market in 2016. However, Asia Pacific is predicted to outdo in terms of growth rate between 2016 and 2024. The growth of this market is mainly because of a booming IT industry in India and China.

Airport Construction and Airport Refurbishment Activities to Bolster Demand

Firstly, the rising volume of air traffic for business and leisure over the past few decades is the key growth driver of airport information system market. The need for efficient operations at airport, especially large ones, in terms of passenger movement, baggage handling, and flight information amidst high pressure of handling large volume of passengers and large number of flights every day is driving the airport information systems market. Both government agencies and private companies are undertaking airport construction and airport refurbishment projects thereby driving the demand for airport information systems. Advanced IT solutions are effective for display of crucial information related to change of flight arrival/departure gate, passenger announcements, flight delay, and baggage retrieval among others needed for efficient operations at airports.

Need for Failsafe Peripherals Challenges Growth

On the downside, there are a few challenges impeding the growth of airport information system market. High cost of advanced airport information systems, along with high cost of running, maintenance of these systems is limiting their adoption for large airports that handle several thousand passengers every year.

Moreover, airport information systems need to be supported with continuous high speed connectivity, hi-tech electronic devices, digitally compliant airport infrastructure, and other supporting devices. The need to maintain security, reliability, and robustness of supporting devices adds up to the overhead cost of deploying airport information systems. This is posing as a challenge to the growth of airport information system market.

Report TOC: https://www.transparencymarketresearch.com/report-toc/7670

About TMR

Transparency Market Research (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.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact TMR

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email:sales@transparencymarketresearch.com
Website:http://www.transparencymarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Airport Information System Market: Demand for Efficient Passenger Movement at Airports Necessitate Adoption here

News-ID: 1164681 • Views: 167

More Releases from Transparency Market Research

Tunnel Boring Machine Market Demand, Insights and Forecast up to 2025
Overview TMR’s report on the Tunnel Boring Machine Market is an all-important tool for stakeholders in their pursuit to discover avenues for innovation, and further undertake strategic planning for the launch of products and services. Our research report on the Tunnel Boring Machine serves as a valuable guide for stakeholders. The report deep dives into demand drivers, challenges, and opportunities that are likely to influence the Tunnel Boring Machine over the
Cellulose Diacetate Films Market Size to Expand Significantly by the End of 2025
Overview TMR’s report on the Cellulose Diacetate Films Market is an all-important tool for stakeholders in their pursuit to discover avenues for innovation, and further undertake strategic planning for the launch of products and services. Our research report on the Cellulose Diacetate Films serves as a valuable guide for stakeholders. The report deep dives into demand drivers, challenges, and opportunities that are likely to influence the Cellulose Diacetate Films over the
Ruthenium Market Projected to Gain Significant Value by 2025
Overview TMR’s report on the Ruthenium Market is an all-important tool for stakeholders in their pursuit to discover avenues for innovation, and further undertake strategic planning for the launch of products and services. Our research report on the Ruthenium serves as a valuable guide for stakeholders. The report deep dives into demand drivers, challenges, and opportunities that are likely to influence the Ruthenium over the forecast period. These indicators help businesses
Pultrusion Market to Reap Excessive Revenues by 2025
Overview TMR’s report on the Pultrusion Market is an all-important tool for stakeholders in their pursuit to discover avenues for innovation, and further undertake strategic planning for the launch of products and services. Our research report on the Pultrusion serves as a valuable guide for stakeholders. The report deep dives into demand drivers, challenges, and opportunities that are likely to influence the Pultrusion over the forecast period. These indicators help businesses

All 5 Releases


More Releases for TMR

TMR Research
Global 3D Animation Market: Snapshot The evolution and introduction of three-dimensional (3D) animation has given the world of animation a new perspective. The process of creating 3D moving images in a digital space through objects or models has given these illusions depth. One of the most fundamental differences between 2D animation and 3D animation is the technique used for creating the images and the way they look. The global 3D animation
TMR
Various strategies are leveraged by success-hungry players in the global hyperbaric oxygen therapy devices market. One of them is the thrust on research and development to come up with new or better products. Their focus is on building cost-effective medical devices that would see greater uptake. Strategic partnerships are also being undertaken by them to diversify product portfolios and gain greater share. Further, companies are shifting their gaze to developing
Monolithic Ceramics Market Analysis : TMR
Transparency Market Research has published a new market report titled “Monolithic Ceramics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.” According to the report, the global monolithic ceramics market was valued at US$ 19.43 Bn in 2014 and is anticipated to reach US$ 36.64 Bn by 2023, expanding at a CAGR of 7.3% between 2015 and 2023. Request to view Sample Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3158 Monolithic ceramics are
TMR - 3D Printing Materials Market by 2020
The global 3D printing materials market will exhibit a CAGR of 18.0% between 2014 and 2020. The market was valued at US$450 mn in 2013 and is expected to reach US$1.4 bn by the end of 2020, according to a research report released by Transparency Market Research. The report titled “3D Printing Materials - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020” is available for sale
Wax Market Analysis : TMR
A recent research report published by Transparency Market Research projects the global wax market to expand at a CAGR of 2.6% during the period between 2014 and 2020. The report, titled “Wax Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020,” estimates the global wax market to be worth US$8.98 bn by 2020. The overall market stood at a valuation of US$8.21 bn in 2013
Sulfone Polymers Market Analysis : TMR
Global Sulfone Polymers Market: Snapshot Several grades/varieties of sulfone polymers have gained vast applicability across a number of industries in the past few years. The relatively higher level of resistance wear and corrosion provided by these materials as compared to metals have increased their usage in medical devices and implants. Owing to their high transparency resistance, low weight, and high performance, the demand for sulfone polymers is also rising in the