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Airport IT Systems Market, Regional Analysis, Key Players, Industry Segments, Development, Opportunities, Forecast till 2030

10-12-2022 03:18 PM CET | IT, New Media & Software

Press release from: Market Research Future (MRFR)

Airport IT Systems Market, Regional Analysis, Key Players,

Airport IT Systems Market by Function (AOCC, DCS), Software (Passenger System, Non Passenger System), Application (Terminal Side, Airside) , Airport Size (Class-A, Class-B, Class-C, Class-D), Cost (Integration, Procurement, Operation) & Region - Forecast Till 2030

Airport IT Systems Market Overview:
Airport IT Systems Market is expected to be worth USD 7.2 billion by 2030, growing at a CAGR of 3.40% between 2022 and 2030.

The number of people choosing to fly has increased in recent years, putting more pressure on airports and airlines to invest in advanced systems that can improve ground operations and support their goal of reducing aircraft turnaround time. Artificial intelligence (AI) and predictive analysis are used in airports for various applications ranging from customer service to operational efficiency. As a result, integrating such technologies to create an overview of an airport's operations and measure performance with associated key performance indicators (KPIs) is expected to drive the airport information systems market.

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Furthermore, increasing airport expansion projects and airport infrastructure modernization drive market growth. Airport passenger communications strategies are expected to evolve significantly over the next few years, owing primarily to the importance of mobile applications in passenger interaction. Airports have emphasized the importance of passenger mobile applications in improving customer relationship management by providing real-time information and exploring lucrative commercial opportunities, which is expected to benefit the airport information systems market.

Market segmentation:
The Airport IT Systems Market is classified based on type, Software, Size, application, and Function.
According to the type:
• Baggage Processing Systems
• Flight Information Display Systems (FIDS)
• Resource Management Systems
• Passenger Processing Systems
• Public Address Systems
• Airport Operations Systems
• Other
According to the software:
• Non-passenger systems
• Passenger systems
According to the size:
• Class A
• Class B
• Class C
• Class D
According to the application:
• Cargo Service Airport
• Commercial Service Airport
• Reliever Airport
According to the function:
• AOCC
• DC

Regional analysis:
The Airport IT Systems Market is segmented into four major regions: North America, Asia-Pacific, Europe, and the rest of the world.

The North American region holds the largest share of the Airport IT Systems Market due to increased safety and air traffic. Furthermore, the presence of major manufacturers in the aviation industry will propel the growth of the Airport Information Systems Market in this region.

The Asia-Pacific region is expected to have the highest CAGR forecast period. The rising number of airports and emerging economies in countries such as India and China will drive market growth in this region. Even though the covid-19 pandemic has slowed growth in this region, the market will grow significantly during the forecast period. The European region will experience moderate market growth due to the growing number of regional airports. The presence of key players will also drive the growth of the Airport Information Systems Market.

Recent developments:
• The India Ministry of State for Civil Aviation announced in December 2021 that the Airports Authority of India (AAI) is working to bring Biometric Boarding Systems to four Indian airports as a part of the Digi Yatra implementation in India. This will greatly improve the check-in process and the flow of information through the airport.
• Airport Information Systems (AIS) upgraded City of Derry Airport's Airport Management System to the latest version of their Flight Information Display System (FIDSnet) in July 2021, providing the airport with a cost-effective solution using Android Smart Boxes as Display Controllers.

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About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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