Home / Press Release / Global Airport Information System Market Expected To Grow At A CAGR Of 6.1% During The Forecast Period

Global Airport Information System Market Expected To Grow At A CAGR Of 6.1% During The Forecast Period

The latest market report published by Credence Research, Inc. “Airport Information System Market By Airport Size (Class A, Class B, Class C, Class D), By Function (Departure Control System (DCS), Airport Operation Control Center (AOCC)), By Application (Terminal Side, Air Side): Growth, Future Prospects, and Competitive Analysis, 2019 - 2027” the airport information system market was valued at US$ 3.40 Bn in 2018 and expected to reach US$ 5.57 Bn by 2027 at a CAGR of 6.1% during the forecast period from 2019 to 2027. 

Market Insights 

“Rising number of passenger tariff coupled with the increasing need for real-time data sharing will spur revenue growth during the forecast period” 

The global airport information system market is developing productively from 2019 to 2027 accredited to the growing air transport demand coupled with the associated need to support airport infrastructure, which has prompted the need to drive the market growth. In addition, surging demand for quality and comfortable air travel options will increase the demand for information about air travel expected to lead the market over the forecast period. 

Moreover, increasing usage of information systems across domestic and international airports are propelling the global airport information system market. The aviation industry projected to further upsurge the demand for more reliable and effective airport information systems due to the increasing preference of passengers towards digital electronic devices and technologic gradations. 

Airport Information System Market

Industrial Developments 

• In 2018, the Edmonton International Airport (EIA) in Alberta undergone an expansion with an investment of around US$ 1.1 billion, thereby doubling its passenger capacity by 5.5 million to accommodate the rapid growth in passenger traffic.

• Athens International Airport provides a “Virtual Assistant Holographic Announcer”, which provides travel information through projected videos, using the illusion of a human agent’s hologram deployed at various airports globally.  

Key Market Movements:

• Globally, the airport information system is growing at a CAGR of 6.1% for the period from 2019 to 2027.

• North America dominated the global market in 2018 on the account of technological advancement; key manufacturers have concentrated on the practice of partnerships & collaborations, and increasing passenger tariff.

• The Asia Pacific is projected to register the maximum growth rate during the forecast period due to the rise in smartphone technology, increasing demand in air travel due to low fare price, and discounts on flight tickets offered by multiple e-commerce platforms will positively contribute towards the expansion of airport information system market. 

The Global Airport Information System Market is Segmented into:

ATTRIBUTE DETAILS
Research Period  2017-2027
Base Year 2018
Forecast Period  2019-2027
Historical Year  2017
Unit  USD Billion
Segmentation

 Airport Size (2017–2027; US$ Bn)

 Software Type (2017–2027; US$ Bn)

 Function Type (2017–2027; US$ Bn)

 Application Type (2017–2027; US$ Bn)

 Geography Segment (2017–2027; US$ Mn)

*Complete segmentation list is on report page

Browse Full Report At https://www.credenceresearch.com/report/airport-information-system-market

List of Companies Covered:

• Northrop Grumman Corporation
• IBM
• Advantech
• Airport Information Systems
• TAV Information Technologies
• RESA
• Lufthansa Systems GmbH & Co. KG.
• Velatia, S.L.
• Lockheed Martin Corporation
• INFORM GmbH
• Amadeus IT Group SA

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