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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:
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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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