Airport Information Systems Market research report for Aerospace and Defense Industry categorizes global market by Airport Size, Functions, Cost & by Geography
Dallas, TX -- (SBWIRE) -- 10/28/2014 -- According to a new market research report "Airport Information Systems Market by Airport Size, by Functions, by Cost, by Geography, Market Forecast & Analysis to 2014 - 2020" The global airport information systems market is estimated to be $2,640.61 Million in 2014 and is projected to register a CAGR of 4.76%, to reach $3,490.69 million, by 2020.
Browse 86 market data tables and 67 figures spread through 178 pages and in-depth TOC on “Airport Information Systems Market by Airport Size, by Functions, by Cost, by Geography, Market Forecast & Analysis to 2014 - 2020”
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The airport information systemmarket is highly competitive, with a limited number of market players. This report studies the growth strategies adopted by the market players. The strategies adopted by the players to expand their global presence and increase their market share includes partnerships, agreements, collaborations , joint ventures, mergers , acquisitions, and new product launches.
The increasing demand for enhanced airport information systems as well as high growth in the emerging market has encouraged the market players to adopt the growth strategies such as launching new innovative products. Rockwell Collins (U.S.), Ultra Electronics Holdings (U.K.), and SITA (Geneva)are some of the leading players that have adopted this strategy,to expand their business.
Major airports worldwide classified improving passenger experience as the top driver for IT investment. This shows that airports are cautious about the overall global, economic and aviation industry stability. Airports in the Middle East, Africa, and APAC have observed some regional differences, as markets have experienced high rates of passenger growth. The airports in these regions have indicated managing airport capacity as the major business driver for IT investment. The inclination of airport investment is strong towards new services as airports are set to invest in, or evaluate, major programs, including mobile services to passengers and staff, and business intelligence solutions.
Combination of big data and complex algorithms has opened opportunities for the procurement of more sophisticated systems software. With the focus of Business Intelligence, shifting to passenger flow monitoring and asset tracking, the investment in procuring airport information systems software is expected to improve the utilization of resources at airports. Procurement initiatives by the airports are at an immature stage that restricts the investments in this market. Coping with sheer amount of data to be analyzed, apart from integration issues and increasing data standards at airports are the factors hampering steady market growth.
About 36% of the global airports consider reducing the cost of operations as the second most important objective for this market, after improving passenger experience. Operational spend for airport IT has increased from $9.9 billion in 2012, to $10.8 billion by 2013. Developing economies from the Asia-Pacific region are expected to augment the market.
The airport information systems can be broadly classified into passenger and non-passenger systems, based on the type of software used. The software related to baggage handling systems, Flight Information Display Systems (FIDS), Common User Self-Service Systems (CUSS), and advance passenger information systems falls under the passenger software processes, while the software used by the airport operators for Airport Operational Database (AODB) management, Air Traffic Control (ATC) systems falls under the non-passenger software process.
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