March 31, 2020
Airport Information System

Airport Information System Market outlook 2019 shows growth drivers, opportunities and forecast analysis to 2027

The market for airport information systems was valued at US$ 3.40 billion in 2018 and projected to reach US$ 5.57 billion by 2027 at a CAGR of 6.1 percent over the 2019 to 2027 forecast period.

From 2019 to 2027, the global market for airport information systems is developing productively accredited to the growing demand for air transport, coupled with the associated need to support airport infrastructure, which has led to the need to drive market growth. Furthermore, surging demand for quality and comfortable air travel options will increase the demand for air travel information supposed to lead the market over the forecast period.

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In addition, the growing use of information systems at domestic and international airports is driving the global market for information systems for airports. Due to the increasing preference of passengers for digital electronic devices and technological gradations, the aviation industry estimated to further increase the demand for more reliable and effective airport information systems.

The market is segmented into Grade 1, Grade 2, Grade 3, and Grade 4 based on the size of the airports. Grade 1 airports handle less than 15 million passengers per year, Grade 2 airports handle 15-25 million passengers per year, Grade 3 airports handle 25-40 million passengers per year, and Grade 4 airports handle more than 40 million passengers per year.

As the air travel time between cities and countries is getting lesser, an airport information system is vital in a fully interconnected, digitized and advanced airport world. These technologies offer operational efficiency and dramatically reduce the operating costs associated with running an airport, thus helping travellers stay at the airport in a trouble-free manner. Issues such as lost baggage, missing passenger flights, general confusion is avoided through the use of such systems.

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Over the past five years, airport expenditure on information technology has increased dramatically by more than 50 percent, fueling the market for airport information systems. There has been a massive increase in the construction of new airports in recent years, especially in the Asia Pacific and Africa, as well as the upgrading and modernization of existing ones. In particular, India is pushing massively to build new airports and improve existing ones to make flying more accessible to the masses and attract new travellers. Indian airports, in general, have already been on modernization drive and some of them, such as Delhi’s Indira Gandhi International Airport features as the world’s top-ranked airports and recently India’s homegrown airlines Indigo launched their (Regional Air Transport) ATR service paving the way to build smaller town airports. The emerging markets are thus expected to be the drivers of growth in the market for the airport information system.

Grade 2 airports will have a majority stake in the Airport Information System Market and Asia-Pacific will be the fastest-growing region.

Key Market Movements:

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

• Athens International Airport provides a “Virtual Assistant Holographic Announcer” that provides travel information through expected videos, using the illusion of the hologram of a human agent deployed at various airports worldwide.

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Key Market Movements:

• Over the period from 2019 to 2027, the airport information system is rising at a CAGR of 6.1%.

• In 2018, North America dominated the global market due to technological advancement; key manufacturers focused on partnerships and collaborations and increased passenger tariffs.

• The Asia Pacific is expected to record the maximum rate of growth during the forecast period due to an increase in smartphone technology, increased demand for air travel due to low ticket prices, and discounts on flight tickets offered by multiple e-commerce platforms will contribute positively to the expansion of the airport information system market.

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