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Airport Information Systems Market - Growth, Report & Share
Airport Information Systems Market - Growth
As per the report, the airport information system market size has grown strongly in recent years. It will grow from $3.78 billion in 2023 to $3.97 billion in 2024 at a compound annual growth rate (CAGR) of 5.2%. The airport information system market size is expected to see strong growth in the next few years. It will grow to $4.93 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%.
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Rising Air Traffic Fuels Growth Of The Airport Information System Market
The rising air traffic is expected to propel the growth of the airport information system market going forward. Air traffic refers to the movement of aircraft in the airspace and on the ground, including takeoffs, landings, and en-route flights. Air traffic is rising due to several factors, including increasing global connectivity and accessibility, driven by expanding economies and advancements in aviation technology. Airport information systems significantly contribute to managing and coordinating air traffic through the provision of real-time data on flight schedules, gate assignments, and operational status, thereby enhancing efficiency and safety. For instance, in January 2024, according to the International Air Transport Association, a Canada-based trade association, total air traffic in 2023 (measured in revenue passenger kilometers) increased by 36.9% compared to 2022. In December 2023, total air traffic experienced a 25.3% rise compared to December 2022. International air traffic saw a significant surge of 41.6% in 2023 compared to 2022. Therefore, the rise in air traffic is driving the growth of the airport information system market.
Innovative Solutions Driving Evolution In The Airport Information Systems Market
Major companies operating in the airport information system market are developing innovative products, such as cloud-based network solutions, to gain a competitive edge in the market. Cloud-based network solutions enhance the scalability, flexibility, and accessibility of airport information systems, ensuring seamless data management and communication across diverse airport operations. For instance, in September 2021, Huawei Technologies Co. Ltd., a China-based technology company, launched an Airport Cloud-Network Solution to help airports improve operational efficiency and enhance security and passenger experience. The solution includes an airport terminal access network, a backbone network, a cloud data center network, and integrated network security. It leverages AirEngine Wi-Fi 6 to create a gigabit wireless access network across the airport terminal building for continuous coverage, eliminating blind spots and increasing coverage distance by 20%.
The airport information system market covered in this report is segmented -
1) By Type: Airside, Terminal Side
2) By Function: Departure Control System (DCS), Airport Operations Control Center (AOCC)
3) By Airport: Class A, Class B, Class C, Class D
4) By Application: Maintenance, Ground Handling, Finance And Operations, Security, Passenger Information
5) By End-Use: Passenger Systems, Non-Passenger Systems
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Major companies operating in the airport information system market are Huawei Technologies Co. Ltd., Siemens AG, RTX Corporation, Lockheed Martin Corporation, International Business Machine Corporation, Northrop Grumman Corporation, Lufthansa Systems, Honeywell International Inc., NEC Corporation, Thales Group, L3Harris Technologies Inc., Leidos Holdings Inc., CGI Inc., Amadeus IT Group, SAAB AB, Indra Sistemas, Advantech Co. Ltd., Unisys Corporation, SITA (Société internationale de télécommunication aéronautique), ARINC Incorporated Information, Ikusi Redes de Telecommunications S.L., Damarel Systems International Ltd., INFORM Institute fur Operations Research and Management GmbH, The Real Estate Staging Association (RESA)
Contents of the report:
1. Executive Summary
2. Airport Information System Market Report Structure
3. Airport Information System Market Trends And Strategies
4. Airport Information System Market - Macro Economic Scenario
5. Airport Information System Market Size And Growth
…..
27. Airport Information System Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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