Analysis of the Global Airport IT Market

LONDON, Jan. 6, 2015 /PRNewswire/ -- Airport Utopia Connects Aircraft, Passengers, Airport Stakeholders and Optimizes Operations

The airport IT market will grow throughout the forecast period and see all major regions making significant investments. The impact of market drivers differ by region but generally increased passenger numbers, competition between airports, the need for improved efficiency and modernisation plans all contribute to increased investment in analytics and information management systems. Airport IT budgets will increase in order to achieve operational improvements and maximise revenue, while regional modernisation initiatives will drive demand. Other key drivers such as capacity analysis, data management and security are few significant trends.

Key Findings

-The airport IT market will grow till the end of the forecast period (2013–2023) with all major regions experiencing increased investment.
-The impact of market drivers differ by region, but generally increased number of passengers, competition between airports, the need for improved efficiency and modernization plans together contribute to increased investment in analytics and information management systems.
-The airport industry is moving from an Airport Operational Database (AODB) to next generation collaborative operating systems, queue measurement, check-in desks and business intelligence software to provide a real time view of the airport.
-Passenger profiles, gained through biometric information and other data sources, allow airports to allocate resources in real time and help plan for seasonal traffic and peak periods.
-An increase in visual analytics to track queue time and decrease dwell time will help in increasing retail spending, as part of airport strategies to increase non-aeronautical revenue.
-Airports often have several IT providers supporting different functions or terminals. Contracts are dedicated to particular segments rather than offering a holistic information management solution.

Market Definitions

Airport IT, in the context of this research service is referring to IT solutions (information management and analytics) for airport security, data management, capacity analysis, vehicle management and aircraft communications. In this research service, the terms 'spending' and 'revenue', when referring to market forecasts, are used interchangeably and reflect end-user spending and supplier revenue.

Frost & Sullivan has developed the global forecast based on a model which has several inputs. Data used and qualified through the research process includes:
-IT budgets
-IT adoption (strategic intent)
-Modernisation requirements
-Regulatory requirements
-Predicted traffic growth
-Regional GDP level and growth perspective.
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