Rising technological advancement in airport information system has risen significantly on a global scale
The global airport information system market is growing competently, expected to grow at a CAGR of 6.1% and is projected to reach 6.62 Bn by 2030.
The need for technological developments, an increase in the upgrading of existing systems, and efficient air passenger traffic are factors expected to drive the market. In addition, upgrading and modernization activities of the existing airports, the massive increase in constructions of new airports, inclination towards business intelligence solutions and other major programs for staff and passengers is projected to boost the market growth globally.
“Growing passenger traffic coupled with increasing need for real-time data sharing among the consumers will spur revenue growth during the forecast period”
Airport business and operation models support explosive growth for the global airline industry. In addition, regulatory reform in North America, Europe, Asia Pacific, and few emerging countries are projected to shape a vivid traffic growth for airline passengers. For instance, according to the International Airport Review, the global passenger traffic was around 8.8 billion in 2020 and is expected to double its capacity by 2030.
Decreasing cost in air travel, growing economies, and an incipient level of the middle class in emerging countries with large populations will create a wave of new potential air travelers, thereby increasing the demand for class B airports. The aforementioned factor is expected to drive the demand for airport identification system market.
“Increasing number of frequent flyers and growing demand towards real time data tracking system to drive the market growth”
The departure control systems (DCS) have reached substantial popularity due to the provision for e-ticket management using interfaces from various devices like online check-in, check-in kiosks, and mobile boarding cards. SITA, Amadeus, and Damarel are few leading developers of departure control systems (DCS) offering innovative solutions for airline passengers globally. For instance, in June 2020, Amadeus IT Group SA announced a global partnership with Adobe Experience Cloud to bring improved capabilities to airlines, thereby delivering complete digital experiences to air travellers.
“Increasing per capita income, demand for advanced kiosks and enhanced research and development in the field of the aviation sector to drive the market growth”
North America expected to dominate the market during the forecast period assisted by the U.S. and Canada. In addition, increasing research and development and rising technological advancement in the airport information systems to expand the market for the airport information system market in this region. For instance, favourable passenger services like web check-in and home printing of boarding passes save valuable time and evade long queues at airports. Moreover, increasing use of smartphones in between the passengers and airlines, thereby fueling the market growth for airport information system across the region.
List of Companies Covered:
Key Industry Development:
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Airport Information System market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
| Segmentation | |
Airport Size
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Function
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Application
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
