Worldwide 2021 Airport Information System Market increasing consumer demand & will Grow, To reach $5.01 bn

Worldwide 2021 Airport Information System Market increasing consumer demand & will Grow, To reach $5.01 bn

According to the report, global airport information system market was valued at around USD 3.71 billion in 2015, and is expected to reach approximately USD 5.01billion in 2021, growing at a CAGR of slightly above 5.12% between 2016 and 2021.

Airport information system (AIS) is termed as the computer system that is used to display flight information to the passenger in airports. A computer system is responsible for controlling electronic or mechanical TV screens. The display screen usually located around and inside the terminal. Moreover, a virtual version of the airport information systems is available on the websites of the airports.

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Increasing passenger traffic, need for risk management, the requirement for real-time information sharing for airport information systems are driving the growth of the airport information systems market.  However, data sharing regulation and the high cost of up gradation are restraining the growth of airport information systems market. The major challenges for airport information system (AIS) market are management of large datasets and generation of predictive insights, geopolitical tensions, resource outages, complexity in the life cycle of airport information systems. Another challenge for AIS is the lack of industrialization which may converts internal confusion in AIS system. Nonetheless, growth in emerging economies, personal mobile ecosystems, biometric and genetic profiling are major opportunities for airport information system market.+

Global Airport Information System

The airport information systems market is segmented on the basis of airport function, software, operation, cost, and region. By function, the AIS market is segmented into airport operation control centers (AOCC), and departure control systems (DCS). AOCC segment dominated the overall market in 2015 and accounted for more than 56% of the market share in terms of revenue. The AOCC plays the key role for both passenger and non-passenger software systems. It accesses information about flight movement from air traffic control systems and sends it to the airport operational database. This, in turn, transfers the information to the flight information display system in order to display on screens at airport terminals. The airport authorities and operators have made large investments in this segment due to the crucial function of AOCC, which will be expected to contribute the growth of this segment over the forecast period. Different software segment of the market includes passenger and non-passenger systems. Airport size is segmented as Class- A, Class-B, Class-C, and Class-D. Operations wise the market is bifurcated as the airside and terminal side. Furthermore, when focusing on the cost factor the market is fragmented into procurement, integration and operation.

Geographically, airport information system market is expected to record tremendous growth across the world. North America held biggest share in the airport information system (AIS) market in 2015 because of rising rate of airport expansions and development programs undertaken for the next decade. The airport information system market in the Asia-Pacific region is predicted to grow at the highest pace during the forecast period, due to the increasing air traffic and growing passenger growth in the region.

Key market players included in 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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