ResearchMoz added Latest Research Report titled " Airport IT Market in the US - Market Analysis 2015-2019 - Worldwide Market Shares, Size, Trends, Analysis, Growth, Survey, Forecast, Insights, Outlook " to it's Large Report database.
Albany, NY -- (SBWIRE) -- 11/10/2015 -- This report segments the airport IT market in the US by solution type (operational systems and passenger processing systems). It also includes the competitive analysis of key vendors such as Amadeus IT Group, Ikusi, Rockwell Collins, SITA, and Ultra Electronics Airport Systems.
Technavios market research analyst predict that the airport IT market in the US is expected to reach $1.5 billion by the end of 2019. The key growth drivers in this market are growing numbers of passenger and cargo air traffic and the need to improve the air passenger experience.
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Airports are increasingly embracing technology solutions to improve their operational efficiency, improve passenger experiences, reduce operational costs, and boost revenues. Technavio analysts expect the airport IT market in the US to show significant growth potential during the forecast period. CIOs of many airports in the US seek to increase the percentage spending of their airport revenue on IT annually.
The US passengers are faster in embracing travel-related technology as most of them prefer self-service technology options and mobile devices for booking flights, purchasing tickets, check-in, boarding, and baggage handling.
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The market is experiencing significant spending on technology related to passenger processing, airport operations, baggage handling, and security. Development activities such as airport expansions, constructing new terminals, upgrading of systems, and establishing new airports to improve countrys economy and support the increasing air traffic are fuelling market growth.
Competitive landscape and key vendors:
The airport IT market in the US has the presence of several small and large players. The market competition is likely to intensify as several players enter the market, considering the market potential.
Vendors can increase their profitability by offering cost-effective services such as self-service options (self-service check-in, self-bag drop, and self-boarding), mobile, and web services. Also, airport operators expect value-added services such as consultancy, integration of solutions, support and maintenance, and airport staff training to address opportunities and risks.
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The operational systems was the largest segment in the airport IT market in the US in 2014. It comprises of administrative systems, airport operational database, baggage management systems, flight operations, security systems, and others. The growing need to improve operational efficiency and improve passenger traffic without compromising safety and security are driving the growth of this segment.
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