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Airport Information System Market Size, Share, Revenue, Growth, Present and Future Trends, Regional Analysis and Forecast by 2019-2027
Airport Information System Market
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List of companies profiled in the report include:
• IndraSistemas S.A.(Spain)
• Sita (Switzerland)
• Collins Aerospace, a Raytheon Technologies company (The U.S.)
• Thales Group (France)
• Amadeus IT Group SA (Spain)
• Siemens (Germany)
• IBM (The U.S.)
• IkusiRedes de Telecomunicaciones, S.L.(Spain)
• ULTRA (The U.K)
• INFORM Software(Germany)
• Damarel Systems International Ltd.(The U.K)
Covid-19 Impact on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic. We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
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Airport information system encompasses several types of equipment that are used at airports for several functions including passenger information display, flight schedules, and other such information. The high investment in technological intervention in the machinery and equipment used at airports will have a positive impact on the growth of the overall market in the forthcoming years. The availability of open source technologies such as artificial intelligence and the internet of things will yield products of the highest calibre. Technological advancements will open up a huge potential for the companies operating in the market. The demand for improved airport infrastructure will have a positive impact on the growth of the overall market in the forthcoming years. The presence of large scale companies operating in several countries across the world will emerge in favour of market growth.
Increasing Investment in Technological Intervention Will Bode Well for Market Growth
The report encompasses several factors that have contributed to the growth of the market in recent years. The growing efforts taken to enhance technological concepts in airport information systems will emerge in favour of market growth. Increasing number of company mergers have allowed wider product applications, subsequently having a positive impact on the growth of the market in the coming years. In March 2018, the Las Vegas McCarran International Airport (LAS) announced that it has renewed its passenger solution contract with Rockwell Collins. The company announced that it will look to adopt newer technologies passenger addressing systems, with a view to establishing a strong product portfolio. The contract will include solutions such as ARINE MUSE, ARINE BAG LINK, and Radio Frequency Identification (RFID) bag tag support. LAS’ latest contract renewal with Rockwell Collins will not just benefit the company but will have a positive impact on the growth of the overall market in the coming years.
North America to Account for the Highest Share; Increasing Integration of Modern Concepts Will Provide Impetus to Market Growth
The report analyses the ongoing market trends across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Among these regions, the market in North America is projected to emerge as the dominant region in the coming years. The increasing modernization techniques use at airports and airline infrastructures will contribute to the growth of the regional market. The presence of several large scale companies will also emerge in favor of market growth. As of 2019, the market in North America was worth USD 1,036.5 million and this value is projected to increase further in the coming years. The market in Asia Pacific will witness considerable growth owing to the increasing product adoption in several countries across the region.
Industry Developments:
• June 2019: Thales announced that it has signed a contract with Geneva Airport to deliver a centralized supervision system. The product will gather and analyze operational data and detect irregularities in real-time.
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