Japan, Japan, Fri, 08 Apr 2022 06:06:39 / Comserve Inc. / -- The airport information systems market is anticipated to register a CAGR of over 3% during the forecast period.
The airport information systems market is anticipated to register a CAGR of over 3% during the forecast period.
- Airport information systems enhance the operational efficiency of the airports, while dramatically reducing the operational costs of the airports. Information systems facilitate the hassle-free movement of passengers by giving real-time information regarding the luggage systems, airline and terminal operations, and aircraft movements, thereby, avoiding general confusion.
- The growth in passenger travel has stimulated an increase in both aircraft movements and airport terminal expansion activities. This has necessitated more efficient airport information systems for effectively managing both the airside and the terminal side operations of the airport.
- Moreover, the growing emphasis on the optimal utilization of resources to make the airports entirely interconnected, digitized, and smart, is expected to drive the airport information systems market over the forecast period.
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Key Market Trends
Increasing Emphasis on Smarter and More Efficient Information Management Systems is Driving the Market
The aviation industry is projected to witness an increase in the demand for effective and reliable airport information systems in the coming years. In this regard, airports are investing in smart airport information management technologies. For instance, the Tampa airport announced in December 2019, that it is increasing the contract awarded to Audio Visual Innovations Inc., by USD 4.2 million for new technology upgrades. The previous contract was worth USD 3.75 million for LCD flat screens, cameras, and SMART interactive boards. The newer, extended contract covers seven new projects, including event space video wall upgrade, shuttle lobby information displays, meet-and-greet sign replacement, ticket counter modernization, temporary Suite B conference rooms, replacing displays on baggage belt tips with improved real-time data display, and consolidating display support. In addition, several airports around the world have started adopting solutions, like the cloud-based enterprise software, to enhance operations and alleviate customer experience by providing real-time information to the passengers. IoT is being adopted by airports to help manage long queues and optimize airport operations. Airports, such as the Birmingham Airport in the United Kingdom, have installed sensors that anonymously measure passenger traffic and can give estimated waiting time information for check-in, security, etc., to the airport authorities to optimize their staffing in different airport areas. The adoption of such technologies is driving the growth of the airport information systems market.
Asia-Pacific Region is Projected to Dominate the Market During the Forecast Period
The market in Asia-Pacific is currently growing at a rapid pace, owing to the rapidly increasing number of air travelers propelling the construction and expansion activities of a number of airports. China plans to construct 216 new airports by 2035. With such a huge number of airport constructions underway, there will be a huge demand for real-time airport data for those airports in the years to come, propelling the market growth in the country. New airport constructions that happened in the country recently have resulted in several airport information systems contracts. For instance, in 2018, T-Systems was awarded a contract for the new Beijing airport for installing specialized Flight Information Integration Systems. The information systems which were put into service in 2019, were aimed at ensuring smooth workflows for aircraft movements and ground handling processes at the airport. On the other hand, India is giving a massive push to its aviation industry, by building a large number of airports and upgrading existing ones to make flying more accessible. In February 2020, the Indian government announced plans to develop 100 additional airports in the country by 2024, to boost the air connectivity in the country. Moreover, various government initiatives across several countries in the region, to improve airport infrastructure, are propelling the growth of airport information systems market in the region.
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Collins Aerospace (United Technologies Corporation), Honeywell International Inc, Amadeus IT Group SA, SITA, and Thales SA are some of the prominent players in the airport information systems market. In the airport information systems market, software providers are partnering with hardware manufacturers to combinedly launch their products as a single solution for the airport needs at lower costs. For instance, Airport Information Systems Limited (AIS) announced, in January 2019, that it has been appointed by Cello Electronics (UK) Limited as the exclusive distributor of its "Smart TV's" within the airport marketplace. Cello 4K Smart TV displays will run the FIDSNET software from airport information systems, which helps in reducing the overall cost of procuring information display systems for the airports. Players are also launching new, advanced products to gain the attraction of customers. For example, Honeywell International Inc. showcased its Internet of Things (IoT) enabled airport solutions for smarter, safer, and more secure airport operations at The Airport Show 2019. The solutions include the Honeywell NAVITAS software suite that gives controllers access to rich, real-time information on the ground, air traffic, and meteorological conditions. It also provides access to a common base of holistic information for more efficient and informed decision-making. The introduction of such innovative products are expected to help the companies gain new contracts in the years to come.
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The post Airport Information Systems Market : Research By Production, Revenue, Growth Rate, Sales Value, Industry Trends, Impact Factors, SWOT Analysis and Forecast: 2022-2031 appeared first on Comserveonline.
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