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What’s driving the Airport Information System Market Growth?| | Key Players are Siemens, Inform, HCL infosystems, SITA, Rockwell Collins Inc., Amadeus IT Group SA, Microsoft, NEC, Cisco Systems
Airport Information System Market
Factors such as advancements in software technology, rising competition, and need for faster response to requests from passengers are paving way for innovations in the airport information system market place. For instance, Thales group in partnership with ARINC, upgraded the existing Doha Airport with specially designed and integrated airport security systems, that enabled for efficient management of passengers and goods, providing a positive outlook for the industry expansion. Further, the system also serves as an alternative for conveying information on silent airports.
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Airport Information System Market is predicted to observe substantial growth rate from 2019 to 2025 impelled by proliferating demand for commercial and regional aircraft owing to reduced air fares along with enhanced air travel experience. Upgradation of existing airport infrastructure, technical modernization to enhance operational efficiency and prioritization of passenger convenience are some of the key factors that are strengthening the industry share till 2025.
Stringent regulations associated with the aviation industry are positively impacting the airport information system market proliferation over the study timeframe. For instance, controlled access is mandated by the Federal Aviation Regulation (FAR) 1542. This regulation promotes the usage and installation of airport information systems such as Security Identification Display Area (SIDA) for preventing crimes and terrorism, positively influencing the industry share over the projected timeframe.
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The airport information system market is segmented into Class A, Class B, Class C and Class D airport. Class B airport segment size is anticipated to witness a significant growth rate owing to the proliferating tourism sector and increasing passenger commute from smaller cities, thereby leading to increased penetration of airport information systems.
Increasing disposable income among emerging nations and reduced flight rates owing to economies of scale efficiency are supporting the airport information system market expansion over the projected timeframe. Further, rising globalization encourages increased passenger movement thereby positively contributing towards the business growth during the forecast period. However, stringent regulatory framework & certification processes, large energy requirements to source information displays and increasing threats from cyber security may act as a hindrance to the industry growth till 2025.
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North America is expected to dominate the airport information system market place followed by Europe. This dominance is attributed to the increasing demand for aircrafts across the region. However, Asia Pacific is expected to showcase considerable growth in the airport information system market place. Increasing demand in air travel due to low fare price, rise in smartphone technology and discounts on flight tickets offered by multiple e-commerce platforms will positively contribute towards the airport information system industry expansion till 2025.
The key players in the airport information system market place include IBM, Siemens, Inform, HCL infosystems, SITA, Rockwell Collins Inc., Amadeus IT Group SA, Microsoft, The Thales Group, NEC, Cisco Systems and Ultra Electronics Holdings. Industry players are engaged in partnerships and joint ventures for streamlining their business and gain significant market share. For instance, in January 2019, Collins Aerospace entered into a strategic collaboration with Inmarsat to offer JetConneX high-speed internet services to business jet operators through Level 1 Value Added Reseller Position.
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