Airport Information Systems Market to Witness Astonishing Growth by 2028
The global airport information systems market is anticipated to grow at a substantial CAGR of 3.3% during the forecast period. One of the key factors boosting the market includes the growing establishment of airport infrastructure across the globe. For instance, in November 2021, the Airports Authority of India (AAI) announced an investment of $3.3 billion for upgrading and renovating all the existing airports in the country. The major motive behind the investment is to establish new airports and modernize the infrastructures of existing airports over the upcoming four to five years. This has increased the demand for information systems for airports as most of these new airports are adopting modern and advanced technologies.
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Additionally, several airline
companies are also increasingly investing in renovating and updating the
airport infrastructure by integrating advanced technologies such as airport
information systems in most developed countries such as the US. For instance,
in April 2022, Alaska Airlines began a $2.3 billion spending on infrastructure
advancements at the airline’s hub airports along the West Coast. At
Seattle-Tacoma International Airport, Alaska Airlines is to start a major
terminal project, that will modernize the system and surge capacity in the
ticketing zone and at the security checkpoint for supporting the airline’s
future growth. such renovation projects also upgrade the information systems at
airports. For instance, in February 2021, Perth Airport informed that it has
advanced its Airport Management System with Veovo. This new system was to offer
the handlers and the airlines at the airport timely and seamless information,
real-time flight updates, and the opportunity for rising collaboration between
the airport and its consumers.
Market Coverage
•
The market number available for – 2021-2028
•
Base year- 2021
•
Forecast period- 2022-2028
Segment Covered-
•
By Application
•
By Software
•
By Type
Regions Covered-
·
North America
·
Europe
·
Asia-Pacific
·
Rest of the World
•
Competitive Landscape- including Amadeus IT
Group, S.A., Honeywell International Inc., Raytheon Technologies Corp., SITA,
THALES, and others.
A
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Airport Information Systems Market Report Segment
By Application
·
Maintenance
·
Ground handling
·
Finance and Operations
·
Security
·
Passenger Information
By Software
·
Passenger Systems
·
Non-Passenger Systems
By Type
·
Airside
·
Terminal Side
Airport Information Systems Market Report
Segment by Region
North America
· United
States
· Canada
Europe
· UK
· Germany
· Spain
· France
· Italy
· Rest
of Europe
Asia-Pacific
· India
· China
· Japan
· South
Korea
· Rest
of APAC
Rest of the World
•
Latin America
•
Middle East and Africa
Company
Profiles
•
Airport Information Systems Ltd.
•
GlobalData Group (IBM Corp.)
•
INDRA SISTEMAS, S.A.
•
NEC Corp.
•
Northrop Grumman Corp.
•
RESA, S.A.S.
•
Samsung Electronics
•
Siemens AG
•
T-Systems International GmbH
•
VELATIA Group (Ikusi)
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