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Global Airport Information Systems Market to Grow at a CAGR of 4.20% During 2022-2027, Aided by the Rapid Technological Advancements

According to a new report by EMR titled, ‘Global Airport Information Systems Market Report and Forecast 2022-2027’, the global market for airport information systems attained a value of about USD 3.2 billion in 2021. The industry is further expected to grow at a CAGR of 4.20% in the forecast period of 2022-2027 to reach USD 4 billion by 2027.

The increasing air passenger traffic due to rising globalisation and the rapidly expanding tourism industry are projected to drive the growth of the airport information systems industry. The rising construction of new airports and the renovation of the existing ones as part of government initiatives are expected to further bolster the demand for airport information systems globally. This can be attributed to the enhanced consumer engagement provided by the software. Furthermore, the rapid integration of technologically advanced solutions like artificial intelligence (AI) and biometrics, and the growing investments by the key players are expected to aid the market growth in the forecast period.

Several key players are increasingly competing and collaborating to mark their robust presence in the market, which is projected to aid the industry growth in the coming years. For instance, in July 2021, IBM Corporation (NYSE: IBM) announced its agreement with Amadeus IT Group SA (OTCMKTS: AMADY) to integrate the IBM Digital Health Pass with Amadeus’ Traveller ID for Safe Travel. This move enables the COVID-19 health documents to be digitised, read, and authenticated. This benefits the passengers as it provides a quick and easy travelling experience. Furthermore, Collins Aerospace Systems of Raytheon Technologies (NYSE: RTX), in September 2020, introduced Kiosk Connect Solution that aims to provide a contactless airport journey, thus, eliminating the need to touch kiosk screens. This enables the users to complete the check-in process through their phones and produce boarding passes and bag tags without touching the kiosk screen. Such developments are expected to invigorate the airport information systems industry in the forecast period.

Market Analysis by Airport Size, Software, Function, Operation, Cost, and Region:

  • The airport information systems industry, on basis of airport size, can be segmented into class A, class B, class C, and class D.
  • Based on software, the market can be bifurcated into passenger systems and non-passenger systems.
  • On the basis of function, the market can be divided into DCS and AOCC.
  • Based on operation, the market can be segregated into airside and terminal side.
  • On the basis of cost, the industry is categorised into procurement, integration, and operation.
  • The regional markets for airport information systems include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global market for airport information systems is being driven by the growing number of passengers globally, fuelled by the rapid globalisation.
  • The government initiatives to expand tourism and generate more revenue are leading to the construction of more airports, thus, invigorating the airport information systems industry.
  • The rising consumer demand for expedited and automated air travel related procedures including ticketing, check-ins, and others is further augmenting the market growth.
  • The rapid technological advancements and the increasing investments by the key industry players are expected to propel the market in the forecast period.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for airport information systems for the periods (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecast (2022-2027) markets for the airport sizes, software, functions, operations, costs, and major regions of airport information systems.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global airport information systems market are Amadeus IT Group SA, SITA group of companies, Raytheon Technologies Corporation (Rockwell collins)., Northrop Grumman Corporation, IBM Corporation, Siemens AG, RESA, S.A.S., and Ikusi Redes de Telecomunicaciones, S.L., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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