Press release
Airport Information System Market Poised for 5.5 % Growth, Set to Hit $5.2 Billion by 2029
Airport Information System Market
The escalating numbers of air traffic is anticipated to boost the expansion of the airport information system market in the foreseeable future. Air traffic, which encompasses the circulation of airplanes in the airspace and on the ground, including departures, arrivals, and in-transit flights, is on the rise. This increase is attributed to various factors, such as enhanced global connectivity and accessibility facilitated by growing economies and advances in aviation technology. Airport information systems play a critical role in managing and synchronizing air traffic by providing real-time information on flight schedules, gate allocations, and operational status, thus improving efficiency and safety. For example, in January 2024, the International Air Transport Association, a trade association based in Canada, recorded a rise in total air traffic (measured in revenue passenger kilometers) in 2023 by 36.9%, compared to 2022. In December 2023, there was a 25.3% increase in total air traffic compared to the same period in 2022. In comparison to 2022, international air traffic saw an impressive growth of 41.6% in 2023. As such, the swelling air traffic is influencing the expansion of the airport information system market.
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What is the future CAGR of the airport information system market, and how will it impact industry expansion?
The market size for the airport information system has seen significant growth in recent years. It is projected to rise from $3.97 billion in 2024 to $4.2 billion in 2025, boasting a compound annual growth rate (CAGR) of 5.9%. Factors contributing to this growth during the historic period include regulatory mandates, improvements in passenger experience, security necessities, operational efficiency, globalization and interconnectivity, as well as the emergence of digital technologies.
The market size of the airport information system is anticipated to undergo robust growth in the forthcoming years, reaching a value of $5.2 billion in 2029 with a CAGR of 5.5%. This expansion during the prediction period can be credited to the implementation of passenger-oriented solutions, superior infrastructure with IoT integration, maintaining sustainable operations, flawless intermodal connectivity, establishment of cybersecurity and data privacy norms, adherence to regulations and standards, and the introduction of autonomous systems and robotic technologies. Key trends that will influence this market in the upcoming period include an enhanced digital passenger experience, optimum intermodal connectivity, intense focus on cybersecurity and data privacy, progressive infrastructure with IoT integration, heightened automation and robotic involvement, and the launch of sustainability initiatives.
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What are the most significant trends transforming the airport information system market today?
Leading firms in the airport information system market are introducing innovative features such as instantaneous updates to improve the passenger experience by delivering timely information via an app. Instant updates refer to the prompt sharing of information as events unfold, so users can have access to the most recent data without any hold-ups. For instance, in September 2024, Adani Airport Holdings Ltd., an Indian airline and aviation corporation, introduced Avio with the objective of improving airport operation with real-time passenger movement data. This novel platform gives real-time statistics on passenger and baggage traffic at airports. It provides live notices about security check progress, delay duration, gate modifications, and baggage status, thereby improving the passenger's experience. It's developed considering collaboration among airport authorities and it enables security personnel to access real-time data through smartphones. This tool is targeted to simplify operations and enhance communication between airlines, ground crew, and retail associates.
Which key market segments comprise the airport information system market and drive its revenue growth?
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
Subsegments:
1) By Airside: Air Traffic Control Systems (ATCS), Runway Management Systems, Ground Handling Systems, Aircraft Maintenance Systems, Airside Communication Systems
2) By Terminal Side: Passenger Information Systems (PIS), Baggage Handling Systems (BHS), Flight Information Display Systems (FIDS), Security Screening Systems, Self-check-In Kiosks, Airport Management Systems (AMS)
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What regions are at the forefront of airport information system market expansion?
North America was the largest region in the airport information system market in 2024. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the airport information system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the leading players fueling growth in the airport information system market?
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)
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What Is Covered In The Airport Information System Global Market Report?
• Market Size Forecast: Examine the airport information system market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the airport information system market for a structured understanding.
• Key Players Overview: Analyze major players in the airport information system market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the airport information system market.
• Segment Contributions: Evaluate how different segments drive overall growth in the airport information system market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the airport information system market.
• Industry Challenges: Identify potential risks and obstacles affecting the airport information system market.
• Competitive Landscape: Review strategic developments in the airport information system market, including expansions, agreements, and new product launches.
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