What Are The 5 Takeaways From The Airport Information System Market Overview 2024
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The Business Research Company’s Airport Information System Global Market Report 2024 offers crucial insights into the airport information system market help businesses analyse and build stronger strategies.
Strong Recent Growth
- Market Size: The airport information system market grew from $3.78 billion in 2023 to $3.97 billion in 2024, marking a compound annual growth rate (CAGR) of 5.2%.
- Growth Drivers: Key factors driving this growth included:
- Regulatory requirements
- Enhancements in passenger experience
- Security imperatives
- Operational efficiency improvements
- Increased globalization and interconnectivity
- The emergence of digital technologies
Future Projections
- Market Forecast: The market is projected to grow to $4.93 billion by 2028 at a CAGR of 5.6%.
- Key Drivers: Several factors are expected to contribute to this growth:
- Passenger-centric solutions
- Smart infrastructure and IoT integration
- Sustainable operations
- Seamless intermodal connectivity
- Cybersecurity and data privacy
- Regulatory compliance and standards
- Autonomous systems and robotics
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Trends Shaping the Market
- Digital Passenger Experience: Enhancing the passenger journey through digital tools and platforms.
- Intermodal Connectivity: Integrating various modes of transport for seamless travel.
- Cybersecurity and Data Privacy: Ensuring robust protection of data against cyber threats.
- Smart Infrastructure and IoT Integration: Leveraging smart technologies for efficient airport operations.
- Automation and Robotics: Utilizing autonomous systems to streamline processes.
- Sustainability Initiatives: Implementing eco-friendly practices and technologies.
Rising Air Traffic Fuels Growth
- Air Traffic Increase: The rise in air traffic significantly boosts the airport information system market.
- 2023 Data: According to the International Air Transport Association, total air traffic in 2023 increased by 36.9% compared to 2022.
- Key Factors: This growth is driven by expanding global connectivity, advancements in aviation technology, and economic development.
- System Contributions: Airport information systems provide real-time data on flight schedules and operations, enhancing efficiency and safety.
Key Industry Players
- Major Companies:
- Huawei Technologies Co. Ltd.
- Siemens AG
- RTX Corporation
- Lockheed Martin Corporation
- IBM
- Northrop Grumman Corporation
- Lufthansa Systems
- Honeywell International Inc.
- NEC Corporation
- Thales Group
- L3Harris Technologies Inc.
- Leidos Holdings Inc.
- CGI Inc.
- Amadeus IT Group
- SAAB AB
- Indra Sistemas
- Damarel Systems International Ltd.
- INFORM GmbH
- RESA
Innovation in Airport Information Systems
- Cloud-Based Solutions: Companies are developing cloud-based network solutions to enhance scalability and accessibility.
- Huawei’s Initiative: In September 2021, Huawei Technologies launched the Airport Cloud-Network Solution, featuring:
- Airport terminal access network
- Backbone network
- Cloud data center network
- Integrated network security
- AirEngine Wi-Fi 6 for continuous coverage
Strategic Acquisitions
- TPF Software Inc.: In April 2022, TPF Software Inc. acquired Airport Information Systems (AIS) to expand its presence in northwestern Europe and strengthen its strategic position in the aviation industry.
Market Segmentation
- By Type: Airside, Terminal Side
- By Function: Departure Control System (DCS), Airport Operations Control Center (AOCC)
- By Airport: Class A, Class B, Class C, Class D
- By Application: Maintenance, Ground Handling, Finance and Operations, Security, Passenger Information
- By End-Use: Passenger Systems, Non-Passenger Systems
Regional Insights
- North America: The largest market in 2023.
- Asia Pacific: Expected to be the fastest-growing region in the forecast period.
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The Airport Information System Global Market Report 2024 provides a comprehensive outlook of the airport information system market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The airport information system market forecast offers a thorough analysis on airport information system market size, airport information system market share, prominent players and their strategies.
The Table Of Content For The Airport Information System Market Include:
1. Airport Information System Market Executive Summary
2. Airport Information System Market Segments
3. Airport Information System Market Size And Airport Information System Market Growth Rate
4. Key Airport Information System Market Trends
5. Major Airport Information System Market Drivers
……
25. Key Mergers And Acquisitions In The Airport Information System Market
26. Top Airport Information System Companies
27. Airport Information System Market Opportunities And Strategies
28. Airport Information System Market, Conclusions And Recommendations
29. Appendix
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