Press release
Airport Information System Market Expansion Outlook: $5.07 Billion in 2029
Airport Information System Market
What Is the Projected CAGR for the Airport Information System Market from 2024 to 2025?
The market size of airport information systems has witnessed a notable growth in the past few years. The market is projected to expand from $3.97 billion in 2024 to $4.18 billion in 2025, registering a compound annual growth rate (CAGR) of 5.2%. Factors contributing to the historical growth involve regulatory norms, improvement in passenger experiences, security necessities, operational productivity, globalisation and interoperability, and the advent of digital technologies.
What are the Expected Market Size and CAGR for Airport Information System by 2029?
Over the next several years, the airport information system market is projected to witness stable expansion, reaching a value of $5.07 billion by 2029 with a compounded annual growth rate (CAGR) of 4.9%. This anticipated growth is mostly due to a focus on passenger-oriented solutions, intelligent infrastructure coupled with IoT implementation, sustainable practices, seamless integration between modes of transport, focus on cybersecurity and data privacy, adherence to regulatory guidelines and standards, and incorporation of autonomous systems and robotics. Key trends expected to shape the future of this market include an enhanced digital experience for passengers, integrated intermodal connectivity, cybersecurity and data privacy, smart infrastructure merged with IoT, automation and robotics, and sustainability leadership.
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Which Factors Are Driving the Global Airport Information System Market Expansion?
The expected growth of the airport information system market is forecasted to be driven by increasing air traffic. Air traffic encompasses the movement, both in the air and on the ground, of aircraft, which includes takeoffs, landings, and flights in transit. A surge in air traffic can be attributed to various factors such as elevated global connectivity and accessibility, spurred by flourishing economies and advancements in aircraft technology. Crucial contribution to the management and coordination of air traffic is made by airport information systems, as they provide real-time information on flight schedules, gate assignments, and operational status, promoting efficiency and safety. For example, a 36.9% increase in total air traffic in 2023 (expressed in revenue passenger kilometers) compared to 2022 was reported by the International Air Transport Association, a trade association based in Canada, in January 2024. December 2023 saw a 25.3% increase in total air traffic compared to the same month in the previous year. Furthermore, international air traffic last year saw a remarkable 41.6% increase compared to 2022. Thus, the airport information system market's growth is being fueled by the increase in air traffic.
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Which Segment Currently Holds the Largest Share of the Airport Information System Market?
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)
Which Major Trends Are Shaping the Future of the Airport Information System Industry?
Prominent players in the airport information system market are innovating with features like real-time updates to enhance the passenger experience by offering up-to-date information directly via an app. Instant updates imply the instantaneous dissemination of information as events transpire, permitting users to obtain the newest data without lagging. For example, Adani Airport Holdings Ltd., an Indian aviation and airline firm, introduced Avio in September 2024, intended to improve airport operations by delivering live data on passenger movement. This novel platform supplies live data on passenger traffic and luggage transit at airports, providing real-time updates on security screenings, waiting durations, gate modifications, and luggage status, thereby enhancing the passenger's journey. Created for cooperation among airport stakeholders, it provides security staff with smartphones to access real-time data. This instrument aims to optimize operations and enhance communication among airlines, ground crew, and retail partners.
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Which Key Players Dominate the Airport Information System Industry Globally?
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)
What Are the Fastest-Growing Regions in the Airport Information System Market?
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.
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