The airport information system global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Airport Information System Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The airport information system market size has grown strongly in recent years. It will grow from $3.78 billion in 2023 to $3.97 billion in 2024 at a compound annual growth rate (CAGR) of 5.2%. The growth in the historic period can be attributed to regulatory requirements, passenger experience enhancement, security imperatives, operational efficiency, globalization and interconnectivity, and the emergence of digital technologies.
The airport information system market size is expected to see strong growth in the next few years. It will grow to $4.93 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to passenger-centric solutions, smart infrastructure and IoT integration, sustainable operations, seamless intermodal connectivity, cybersecurity and data privacy, regulatory compliance and standards, and autonomous systems and robotics. Major trends in the forecast period digital passenger experience, intermodal connectivity, cybersecurity and data privacy, smart infrastructure and IoT integration, automation, and robotics, and sustainability initiatives.
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Scope Of Airport Information System Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Airport Information System Market Overview
Market Drivers –
The rising air traffic is expected to propel the growth of the airport information system market going forward. Air traffic refers to the movement of aircraft in the airspace and on the ground, including takeoffs, landings, and en-route flights. Air traffic is rising due to several factors, including increasing global connectivity and accessibility, driven by expanding economies and advancements in aviation technology. Airport information systems significantly contribute to managing and coordinating air traffic through the provision of real-time data on flight schedules, gate assignments, and operational status, thereby enhancing efficiency and safety. For instance, in January 2024, according to the International Air Transport Association, a Canada-based trade association, total air traffic in 2023 (measured in revenue passenger kilometers) increased by 36.9% compared to 2022. In December 2023, total air traffic experienced a 25.3% rise compared to December 2022. International air traffic saw a significant surge of 41.6% in 2023 compared to 2022. Therefore, the rise in air traffic is driving the growth of the airport information system market.
Market Trends –
Major companies operating in the airport information system market are developing innovative products, such as cloud-based network solutions, to gain a competitive edge in the market. Cloud-based network solutions enhance the scalability, flexibility, and accessibility of airport information systems, ensuring seamless data management and communication across diverse airport operations. For instance, in September 2021, Huawei Technologies Co. Ltd., a China-based technology company, launched an Airport Cloud-Network Solution to help airports improve operational efficiency and enhance security and passenger experience. The solution includes an airport terminal access network, a backbone network, a cloud data center network, and integrated network security. It leverages AirEngine Wi-Fi 6 to create a gigabit wireless access network across the airport terminal building for continuous coverage, eliminating blind spots and increasing coverage distance by 20%.
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
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Regional Insights –
North America was the largest region in the airport information system market in 2023. 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.
Key Companies –
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)
Table of Contents
1. Executive Summary
2. Airport Information System Market Report Structure
3. Airport Information System Market Trends And Strategies
4. Airport Information System Market – Macro Economic Scenario
5. Airport Information System Market Size And Growth
…..
27. Airport Information System Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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