Passenger Service System Market 2021 Growth, Prominent Players: SITA NV, Amadeus IT Group SA, Sabre Corporation, Radixx International

The Passenger Service System Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Passenger Service System market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Passenger Service System market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Passenger Service System market.

The passenger service system market is estimated to register a CAGR of 12% over the forecast period (2021 - 2026). 

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Top Leading Companies of Passenger Service System Market are - SITA NV, Amadeus IT Group SA, Sabre Corporation, Radixx International, Takeflite, Bravo Passenger Solutions Pte Limited, Collins Aerospace, Hitit Computer Services, Enoyaone Ltd, InteliSys Aviation System, Unisys Corporation, Videcom International Limited and others.

Industry News and Updates:

- In May 2018 - Scandinavian Airlines renewed a multi-year technology agreement with Amadeus. The Alt-a suite of solutions, including inventory, reservation, ticketing, and departure control systems, allowed it to optimize several areas of the business, including passenger services, revenue management, and payment.

- In March 2018 - Jeju Air, South Korea’s first low-cost carrier, extended its partnership with SITA for Horizon Passenger Services System (PSS), to support its business growth across pricing, ancillary revenues, passenger preferences, e-commerce channels, and local language services.

Key Market Trends:

Rise in Air Travel Passengers is Driving the Market Growth

- The passenger service system (PSS) has its application for mission-critical systems in the airline distribution system, supporting substantial airline processes related to servicing, delivering, and financially fulfilling orders.
- The increasing number of passengers traveling by air and the need for safety and hassle-free processes before, during, and post journey are the major contributing factors to an increase in PSS in the airline industry.

Asia-Pacific to Witness a Significant Growth Share during the Forecast Period

- India and China are the major contributors to the aviation industry development in the region, owing to increasing per capita GDP and domestic air connectivity. For instance, according to ICAO, Asia-Pacific recorded 42% of domestic traffic share and grew by 10.4% in 2018.
- The Airport Authority of India is expecting the passenger traffic to increase to 322 million in 2018-2019. The subsequent investments in airport infrastructure, of approximately USD 15 billion, in the next 5 years indicate a rising demand and supply in the aviation sector.

Investigator Observers Strong Growth in Specific Regions:

– Europe Market (Germany, UK, France, Russia, Italy)

– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)

– South America Market (Brazil, Argentina, Colombia)

– North America Market (United States, Canada, Mexico)

– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).

The Latest Industry Data Included in this Report:
- Passenger Service System Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Passenger Service System Market (%),2016 - 2026
- Passenger Service System Market Share, By Brand
- Passenger Service System Market Share, By Company
- Passenger Service System Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Passenger Service System Market Value Analysis & Forecast
- Promising Passenger Service System Development by Major Companies
- Detailed Passenger Service System Portfolio of the Major Companies
- Major Deals in the Passenger Service System Market
- Major Companies Analysis

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