Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 250.46 Billion | USD 651.15 Billion | 11.2% | 2023 |
According to a report from Zion Market Research, the global Airport Information System Market was valued at USD 250.46 Billion in 2023 and is projected to hit USD 651.15 Billion by 2032, with a compound annual growth rate (CAGR) of 11.2% during the forecast period 2024-2032. This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Airport Information System Market industry over the next decade.
Airport information system has become backbone for business, supporting systems and processes of airport. It helps in to enhance productivity and also efficiency in cutting costs and increase revenue and facilitate the passenger experience. The investment in airport information system technology has become integral part to overall safety and security of the airport enterprise. Airport IT systems designed the process to ensure cost-effective, passenger-friendly, and efficient airport operations.
Key players in the industry are developing advanced all-in-one solutions for the end-users at a competitive price point. For instance, Airport Information Systems Limited (AIS) was appointed as the exclusive distributor of Smart TVs manufactured by Cello Electronics (UK) Limited within the airport marketplace.
The COVID-19 pandemic has resulted in a deep crisis with the imposition of travel restrictions across the globe and suspension of flights in a global effort to contain the spread of the virus. According to the latest updates from IATA, ICAO, the Airports Council International (ACI), the UN World Tourism Organization (UNWTO), the World Trade Organization (WTO), and the International Monetary Fund (IMF), the international air passenger traffic in 2023 experienced a drop of about 50-55% as compared to 2023 baseline. However, the world markets are slowly opening to their full potential and theirs a surge in demand for Airport Information Systems. The market would remain bullish in the upcoming year.
The growing adoption of passenger mobile application is driving the airport information system market. It uses Bluetooth to activate or trigger the display of information on smartphones and tablets that is relevant to the specific location and context of the passenger. For instance, Cork Airport formed partnership with revolutionary flight tracking service Flightradar24 to provide real-time flight tracking via its airport app. The innovative feature are enabled to the airport passenger to view detailed information on the airport’s departing and arriving flights by clicking on an aircraft on the in-app map. Through which users can discover an aircraft’s route, type, speed, altitude, distance travelled and total distance to the destination. Another factor is increasing emphasis on IT investment for enhancing passenger experience at airport is fuelling the growth of this market.
However, lack of integration can hinder the airport information system market growth. Implementation of airport information system is not feasible for developing countries due to the high cost incurred for its implementation.
Report Attributes | Report Details |
---|---|
Report Name | Airport Information System Market |
Market Size in 2023 | USD 250.46 Billion |
Market Forecast in 2032 | USD 651.15 Billion |
Growth Rate | CAGR of 11.2% |
Number of Pages | 110 |
Key Companies Covered | Inform GmbH, SITA, Resa Airport Data Systems, Ultra Electronic Holdings, Rockwell Collins Inc, Northrop Grumman Corporation, Amadeus IT Group SA, Siemens AG, International Business Machines Corporation, and Ikusi S.A, among others. |
Segments Covered | By Function, By Size, And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Airport information system market is segmented into airport operation control centers (AOCC) and departure control systems (DCS). The AOCC plays key role for both passenger and non-passenger software systems. It access information about flight movement from air traffic control systems and sends it to the airport operational database in order to transfer the information to the flight information display system for display on screens at airport terminals. On the basis of size airport information system is segmented into class- A, class-B, class-C and class D. Software segment is bifurcated as non-passenger system and passenger system. Class-B segment is estimated to account highest share in AIS market and in software segment non passenger segment is expected to show robust growth in near future.
The major players operating in the airport information system market are
By Function
By Software
By Size
FrequentlyAsked Questions
The global Airport Information System market was valued at USD 250.46 Billion in 2023.
The global Airport Information System market is expected to reach USD 651.15 Billion by 2032, growing at a CAGR of 11.2% between 2024 to 2032.
Some of the key factors driving the global Airport Information System market growth are Growing adoption of passenger mobile application.
Asia-Pacific Airport Information System market is expected to show strong growth on account of growing infrastructure spending and manufacturing facilities.
The major players operating in the airport information system market are Inform GmbH, SITA, Resa Airport Data Systems, Ultra Electronic Holdings, Rockwell Collins Inc, Northrop Grumman Corporation, Amadeus IT Group SA, Siemens AG, International Business Machines Corporation, and Ikusi S.A, among others.
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