Global Airport Display Systems Market 2017- Revenue, Price and Gross Margin Research Report 2024

SUMMARY

WiseGuyReports published new report, titled “Global Airport Display Systems Market Outlook”.

Market Overview

Global Advanced airport display system is majorly driven by the growing adoption of passenger mobile applications. Display system of airports uses enhanced connectivity solutions such as Bluetooth and 3G or 4G connectivity to activate the display on smartphones and tablets that are significant to specific location and perspective of the passenger. For instance, SITA, world's leader in transport communication and information technology has installed more than 50 beacons at Hong Kong International Airport. Hong Kong International Airport is one of the first airports in Asia-Pacific leading its way with trials of innovative beacons to provide key information directly to passenger's smartphones or tablets. This innovative technology uses top-notch interactive maps to guide passengers, check-in counters, boarding/arrival gates and real time flight information among others. These beacons also provide information about shops, restaurants and lounges. Also big market players are collaborating with airport authorities and IT resellers to mark strong presence in emerging markets. For Instance, Samsung Electronics announced its strategic alliance with Ikusi and Zafire, leading companies providing intelligent global airport solutions, to deliver real-time information display solutions to airport industry.

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Market Segmentation

• By Product Types

o Flight Information Display System
o Ground Information Display System
o Other (Advertisements Display etc.)

• By Application Type

o Airport Operation Control Center (AOCC)
o Airport Ticket Counter
o Airport Entrance/Exit
o Boarding/Arrival Gates
o Other

Growth Drivers and Challenges

Airport authorities are spending huge capitals to maintain their efficiency in mid of growing number of air passengers and to facilitate the passenger experience. Airport information Systems is helping the airports by enhancing their productivity and efficiency by increasing their revenue. More than 45% of airports revenue is generated by the non aeronautical businesses such as retail outlet, restaurants and luxury waiting lounges. Integration of advanced information technology and system that improve the efficiency of airport with enhanced passenger experience is expected to bolster the growth of global airport display systems market. Air passengers with disability and visual impairment necessitate special assistance from both airport operators and airlines. Hardest obstacle passengers experience during air travel is to navigate their way through an airport. Therefore, airport operators are implementing various technologies to aid sensory disabled passengers to navigate their throughout the airport for boarding/arrival gates, restaurants, lounges, security check-gates, ease to check-in and also provide real time flight schedules and information among others. About 40% of global airport authorities' consider implementation of smart technologies as their secondary objective to reduce the cost of operations for this market, after improving passenger experience. To improve and equip the airports with advance technology, operational spend for airport IT has been enlarged from USD 10.6 Billion in 2013 to USD 14.7 Billion by 2024.

Market Size and Forecast

Global airport display systems market accounted for USD 4.6 Billion in 2015 and is expected to reach USD 6.9 Billion by the end of 2024. Further, the market is anticipated to expand at a compound annual growth rate of 5.1% over the forecast period i.e. 2016-2024.
Geographically, North America accounted for the highest share in the global airport display market and is expected to dominate the global airport display systems market over the forecast period. North America airport display market is majorly driven by the growing passenger traffic and rising demand for advanced airport information technology. North America is closely followed by the Europe owing to improvements in end-to-end customer services at the airports majorly in Western Europe countries such as U.K, Germany and France among others. Asia-Pacific and Middle-East is also expected to witness bolstered demand for airport displays owing to growing air passengers in developing countries and flourishing tourism industry in Asia-Pacific regions and gulf countries of Middle-East.

Key Market Players

• Rockwell Collins
o Synopsis
o Business Strategy
o Product Portfolio
o SWOT Analysis
• INFORM Software
• RESA
• Siemens
• Ultra-Electronics
• Amadeus
• Ikusi
• International Business Machines
• Northrop Grumman
• SITA

Market Segmentation

Global airport display systems market is segmented as follows:
• By Product Type (Market Size, Demand Analysis and Growth Analysis)
• By Application Type (Market Size, Demand Analysis and Growth Analysis)
Global Airport Display Systems Market Report covered insights of below mentioned regions:

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This release was published on openPR.