Airport Management Market 2018 Analytical Overview and Key Players: Cisco Systems, Siemens AG, Raytheon, QinetiQ, Amadeus IT Group, SITA, Rockwell Collins, Inform GmbH

Market Research Future published a research report on “Airport Management Market Research Report - Global Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Market Scenario:

Major giants like IBM Corporation and Siemens AG are investing into airport management market due to increasing need for sophisticated services management at the airports. Increasing adoption of smartphones and tablets is one major factor fueling the growth of airport management market. Owing to this, passengers are well informed about their journey details through messages.

North America region holds the largest market share of global Airport Management Market followed by Europe and Asia Pacific regions. The growth is North America region is mainly dominated by U.S. and Canada and is attributed to the increasing demand for sophisticated services at the airports and changing consumer preferences in the region. The region also has a well-established infrastructure which allows implementation of advanced technologies.

Airport management market has been segmented on the basis of component, airport size and application. The airport size segment is further bifurcated into class A, class B, class C, class D. Out of which, class B airport size sub segment holds the largest market share of the entire airport management market. Whereas class A airport size is expected to be the fastest growing during the forecast period. Airports despite of their sizes, need proper management of services in order to offer the passengers with a hassle free journeys and better travel experience.

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Major factor driving the growth of airport management market is the growing need for sophisticated management at the airports. The airport management enables smooth functioning of operations and better control too. Proper management at the airports ensures that customers don’t have to wait in queues for a long time and are provided with proper services.

The global airport management market is expected to grow at approx. USD 15.5 Billion by 2023, at 10% of CAGR between 2017 and 2023.

Key Players

The prominent players in airport management market are – IBM Corporation (U.S.), Cisco Systems, Inc. (U.S.), Siemens AG (Germany), Honeywell International Inc. (U.S.), Raytheon (U.S.), QinetiQ (U.K.), Amadeus IT Group (Spain), SITA (Switzerland), Rockwell Collins, Inc. (U.S.), Inform GmbH (Germany) and others.

Segments:

Airport management market can be segmented on the basis of following:

By Component

Software

• Passenger Systems
• Non Passenger Systems

Services

• Managed Services
• Professional Services

By Airport Size

• Class A
• Class B
• Class C
• Class D

By Application

• Security
• Content Management
• Logistics
• Integration
• Collaboration
• Gate Management
• Performance Management
• Business Applications
• Others

Regional Analysis:

The regional analysis of airport management market is being studied for regions such as Asia Pacific, North America, Europe and Rest of the World. It has been observed that North America is estimated to account for the largest share of the market, whereas Asia-Pacific is projected to grow at the fastest rate during the forecast period. The major growth in airport management market in North America is attributed to technical advancements and increasing security concerns at the airports in that region. With the increasing adoption of smartphones and tablets, customer engagement has become easy and better service provision is made possible, right from issuing and e-ticket to receiving details about baggage too.

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Intended Audience

• Technology Investors
• Research/Consultancy Firms
• Infrastructure Providers
• Chip designers and fabricators
• Original equipment manufacturers (OEMs)
• OEM technology solution providers

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This release was published on openPR.