Airport Information System market has been thoroughly scrutinized and then carefully demarcated by geographic locations which are based on major economic regions and their topographical regions. Growing competition and the changing market dynamics has been highlighted. Aggressive market players are profiled with attributes of company overview, financial overview, business strategies, product portfolio and recent developments. The Market share and Market size prominent players for 2019 to 2024 are profiled in this report.
Global airport information system market is estimated to register a CAGR of 6% with the market estimated to reach USD 5 Billion, at the end of the forecast period.
The Airport Information System market is highly competitive and consists of a number of major players. Top Companies like Northrop Grumman Corporation, IBM, Advantech, Airport Information Systems, Ikusi S.A, TAV Information Technologies, Resa, Exelis, Amadeus, ARINC, Lockheed Martin (Chroma), CGI among others
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Scope of the Report
Based on the size of the airports, the market is segmented into Grade 1, Grade 2, Grade 3, and Grade 4. Grade 1 airport are ones which handle less than 15 million passengers annually, Grade 2 airports are ones, which handle 15-25 million passengers annually, Grade 3 airports handle 25-40 million passengers annually, and grade 4 airports handle in excess of 40 million passengers on an annual basis.
Key Market Trends
Levereged on Technology
As the air travel time between the cities and countries is getting lesser, in an entirely interconnected, digitized and advanced world of airports, an airport information system is vital. These technologies provide efficiency of operations and dramatically reduce the operational costs associated with running an airport thus helping the travelers for a hassle free stay at the airport. Also problems like lost baggage, missing of flights by passengers, general confusion is avoided by using such systems.
In the past 5 years, the informational technology expenditure by airports has increased dramatically by over 50% and this has fuelled the airport information system market. In recent years, especially in countries of the Asia Pacific and Africa, there has been massive increase in constructions of new airports, and upgrading and modernization activities of the existing ones as well. India, in particular, is giving a massive push to building new airports and upgrading existing ones to make flying more accessible to the masses and attract new travelers. Indian Airports in general have also have been on modernization drive and some of them, like Delhi’s Indira Gandhi International Airport features as the top ranked airports in the world and recently Indias homegrown airlines company Indigo started its (Regional Air Transport) ATR service paving way for building smaller town to town airports. Thus, the emerging markets are anticipated to be the growth drivers in the airport information system market.
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What are the market factors that are explained in the report?
–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
–Analytical Tools: Airport Information System Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.
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The research includes historic data from 2015 to 2020 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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