According to a new market report published by Stratistics MRC the Global Airport Information Systems market accounted for $3.03 billion in 2015 and is expected to reach $4.39 billion by 2022 growing at a Compound Annual Growth Rate (CAGR) of 5.5% during the forecast period. Demand for real-time information sharing and cooperation, increasing necessity for proper management in airport and growing passenger traffic are the factors driving the global airport information systems market. Whereas, regulations over data sharing and high upgradation cost are restraining market growth.
Rapidly growing airports in emerging regions such as, Asia Pacific, Middle East, Latin America and Africa are likely to boost the demand for airport information systems. The economic growth in emerging nations such as India, China and Brazil are in need for risk management through airport information systems.
Global Airport Information Systems market is segmented by software into passenger systems and non-passenger systems. The non-passenger systems segment is dominating the software market by accounting more than 68% of share in total market size and is expected to grow at a CAGR of 5.5% during the forecast period. Based on airport size, market is segmented into
Class-A, Class-B, Class-C and Class-D. Class-B segment is expected to dominate the airport information systems market.
Browse the full report at "Global Airport Information Systems Market Outlook"
Global Airport Information Systems market is segmented by airport cost into operation cost, procurement cost and integration cost. In 2015, Integration cost segment dominated the global airport information systems market. By Function, market is segmented into Departure Control Systems (DCS) and Airport Operation Control Centre (AOCC). Based on the operation, market is segmented into airside and terminal side. The terminal side segment is likely to acquire the highest market share during the forecast period.
This report also covers trends driving each segment and offers analysis by geography, with key regions such as North America, Europe, Asia Pacific and Rest of the World. In 2015, North America commanded the airport information systems market by accounting for more than 45% of share in global market. Growth is attributed to increasing rate of airport expansions and development programs in US and Canada over the past few years. However, Asia Pacific is expected to grow at the highest CAGR of 9.25% during the forecast period. Growth of the region is attributed to increasing air traffic in emerging nations such as China and India.
Some of the key players in airport information systems market include Ultra Electronics Holdings, Northrop Grumman Corporation, Rockwell Collins, Inc., Siemens AG, International Business Machines Corporation, Sita, Inform GmbH, Amadeus IT Group SA, Resa and IBM Corp.
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