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As per the latest report published by Market Research Future (MRFR), the global airport information system market is expected to reach a valuation in excess of USD 5,700 Mn by the year 2023, reflecting a CAGR of 7.27% during the forecast period. The growing importance of harnessing real-time information is driving the popularity of flight information display systems (FIDS).Increased investment in the aviation sector in fast-developing countries such as China, India, Mexico among others is creating new growth avenues for market players. Rapid infrastructure development coupled with the exponential growth in passenger volume in these countries is reflecting favorably on the global airport information systems market. In advanced economies, the focus has shifted towards promoting innovation in the aviation sector, which is also propelling the market growth.
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The global airport information systems market is projected to witness an impressive CAGR of 7.27% during the forecast period (2018-2023). Towards the end of 2023, the market is projected to surpass a valuation of USD 5,750.8 Mn. There is a sharp rise in use of flight information display systems (FIDS) on account of the growing importance of real-time information. Moreover, increased investment in agile and innovative airport management technologies characterizes the market growth. With modern airports becoming larger and multifaceted, the need for advanced airport information system is more than ever-before.
Nonetheless, the vulnerability to cyber threats continue to cast a shadow over the market potential of airport information systems.
Segmentation:
• By Systems - Airport Operation Control Centre (AOCC) (Resource Management, Cargo Handling, Flight Dispatch and Others) and Departure Control System (DCS) (Passenger Check-in & Boarding, Flight Information Display System, Weather Monitoring System).
• By Type - Passenger System and Non-Passenger System.
• By Platform - Aeronautical Systems and Non-Aeronautical Systems.
Regional Outlook:
On the basis of region, the market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America and the Middle East & Africa (MEA). North America holds significant market potential for airport information systems. North America currently holds a considerable share of the global airport information systems market. 2018 was a high-growth year for the U.S aviation sector, with a healthy uptick in passenger volume. Making airports more efficient and safer remains a key area of focus for the U.S. aviation sector. Such factors are expected to support the growth of the market in North America during the forecast period. In addition, increased investment in airport modernization in countries such as Mexico and Canada creating market opportunities in North America. Asia Pacific is expected to be the second largest market for airport information systems. In 2017, the market in APAC was valued at USD 1,066.8 Mn and expected to witness the highest CAGR during the forecast period.
Competitive Landscape:
Companies profiled in the report include SITA, Thales Group, Amadeus IT Group SA, Siemens AS, Collins Aerospace, Gentrack, Inform GmbH, Resa Airport Data Systems, Ikusi, and IBM.
Key Development:
In December 2017, Amadeus and Biarritz Airport (France) had an agreement for the Airport Common Use Service (ACUS) to enhance flexibility and agility of operations for airlines, passengers, and ground handlers.
In October 2018, SITA delivered an airport collaborative decision making (A-CDM) solution in partnership with Wipro Limited for Toronto Pearson International Airport.
In June 2018, Thales Group signed a contract with the Ministry of Transport and Communication of Oman to modernize the terminals at Muscat International Airport.
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