CHICAGO, October 8, 2018 /PRNewswire/ --
According to the new research report "Airport Information Systems Market by End Use (Passenger, Non-Passenger), Type (Airside, Terminal Side), Airport (Class A, B, C, D), Application (Finance & Operations, Maintenance, Ground Handling, Security), Region - Global Forecast to 2023", published by MarketsandMarkets™, the airport information systems market is projected to grow from USD 3.69 billion in 2018 to USD 4.37 billion by 2023, at a CAGR of 3.41% from 2018 to 2023. Factors such as the modernization of the existing airport infrastructures, increase in the number of airports in emerging economies, need to enhance the passenger experience at airports, technological advancements being carried out at airports to improve their operational efficiency, and the need for improved airspace management are expected to drive the growth of the airport information systems market across the globe.
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Based on system, the airport operation control center segment is expected to lead the airport information systems market in 2018.
Based on system, the airport operation control center segment is expected to lead the airport information systems market in 2018. Airport operation control centers carry out various airport operations, which include flight dispatches, airport maintenance management, resource management, and cargo handling, among others. The airport operation control centers provide management systems for the efficient operations of airports by integrating data from different systems installed at airports. The requirement for increasing the efficiency of airport operations and upgrading the existing airport information system technologies are leading to the growth of the airport information systems market across the globe.
The class B airports segment of the airport information systems market is projected to grow at the highest CAGR from 2018 to 2023.
Based on airport, the class B airports segment of the airport information systems market is projected to grow at the highest CAGR during the forecast period. The growth of the class B airports segment can be attributed to increasing air passenger traffic from small cities, thereby leading to the requirement for expanding and upgrading airports.
Browse in-depth TOC on "Airport Information Systems Market"
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The passenger systems segment of the airport information systems market is projected to grow at a higher CAGR than the non-passenger systems segment during the forecast period.
Based on end use, the airport information systems market has been segmented into passenger systems and non-passenger systems. The passenger systems segment is projected to grow at a higher rate than the non-passenger systems segment from 2018 to 2023. The increased deployment of self-check-in and bag drop systems at airports is leading to the growth of the passenger systems segment of the market.
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The Asia Pacific airport information systems market is projected to grow at the highest CAGR during the forecast period.
The Asia Pacific airport information systems market is projected to grow at the highest CAGR from 2018 to 2023. The growth of the Asia Pacific airport information systems market can be attributed to the increased air passenger traffic in the region. Growing disposable income of the middle-class population of emerging economies such as China and India of the Asia Pacific region is also contributing to the growth of the airport information systems market in the region. China is expected to be a major market for airport information systems in the Asia Pacific region, owing to reforms in their aviation regulations and policies, formulation of innovative airport business models, and incorporation of innovative technologies in various airport systems.
Key players in the airport information systems market include SITA (Switzerland), Thales Group (France), Rockwell Collins (US), Indra Sistemas (Spain), and IBM (US), among others.
Please explore relevant report "Air Traffic Control (ATC) Market" also.
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