NEW YORK, Oct. 29, 2015 /PRNewswire/ -- The airport information systems market is expected to reach USD 3.96 billion by 2020 from USD 3.01 billion in 2015, at a CAGR of 5.7% from 2015 to 2020. Although the mature markets (such as the U.S., Germany, and the U.K.) are estimated to hold the largest shares in the airport information systems market in 2015, the airport information systems market in the Asia-Pacific region is expected to grow at the highest CAGR of 8.5% during the forecast period. The growth of the airport information systems market is driven by factors, such as increasing passenger traffic, need for real-time information sharing and collaboration, and need for risk management through airport information systems. However, factors, such as data sharing regulations and high cost of upgradation are hindering the growth of this market. Moreover, the emerging economies, such as India and China are also creating growth opportunities for the airport information systems market.
By airport size, the Class-B segment is estimated to account for the largest share in the airport information systems market in 2015. By software segment, the non-passenger systems segment is estimated to account for the largest share in the airport information systems market in 2015.
The North American region is estimated to account for the largest share in the airport information systems market in 2015. However, the airport information systems market in the Asia-Pacific region is projected to grow at the highest CAGR during the forecast period. This can be attributed to the increasing air traffic in the region.
The airport information systems market comprises a few large players and several small players. The major players operating in this market include SITA (Geneva), Amadeus IT Group SA (Spain), Rockwell Collins, Inc. (U.S.), INFORM GmbH (Germany), and Siemens AG (U.S.). Technological advancements, availability of new products, and evolving industry standards are the factors boosting growth of this market. Agreements, partnerships, collaborations, and joint ventures are the key growth strategies adopted by the leading players in the airport information systems market. Increasing demand for enhanced airport information systems and high economic growth in the emerging countries, such India and China are the factors that have encouraged companies to adopt these strategies. The launch of new products is another important strategy adopted by the market players to strengthen their position in the airport information systems market.
Reasons to buy the report:
The report will enrich both established firms as well as new entrants/smaller firms to gauge pulse of the market and garner increased market share. Firms purchasing the report could use any one or a combination of the below-mentioned seven strategies to increase their market shares in the airport information systems market.
The report provides insights on the following pointers:
- New Product Launches: Comprehensive information on the product portfolios offered by the top players in the airport information systems market.
- Acquisitions: Detailed insights on the acquisitions undertaken by the players in the market and their impacts
- Collaborations, Agreements, and Partnerships: Comprehensive information about collaborations, agreements, and partnerships undertaken by the players in the market and their objectives.
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