PUNE, India, October 14, 2015 /PRNewswire/ --
The report "Airport Information Systems Market by Function (AOCC, and DCS), Airport Size (Class A, Class B, Class C, and Class D), Application (Airside, and Terminal side), Cost, Software, and Region - Global Forecasts to 2020", published by MarketsandMarkets, analyzes and studies the major market drivers, restraints/challenges, and opportunities. The Airport Information Systems Market is estimated at USD 3.01 Billion in 2015 and is projected to reach USD 3.96 Billion by 2020, at a CAGR of 5.7% during the forecast period from 2015 to 2020.
Browse 119 market data Tables and 74 Figures spread through 168 Pages and in-depth TOC on "Airport Information Systems Market".
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The airport information systems market is segmented on the basis of function, airport size, application, cost, software, and region.
A number of factors, such as the increasing passenger traffic, need for real-time information sharing, and need for risk management through airport information systems are driving the growth of the airport information systems market. Airport passenger traffic has been on a rise, which is expected to lead to the demand for better airport services. To meet the growing demand of the aviation industry, efficient airport information systems are required at airports. Furthermore, AOCC holds the strategic responsibility of improving core airport processes, which play a major role in the collaborative decision-making process between airports and its stakeholders. Thus, high passenger traffic ratio, coupled with an efficient AOCC, is expected to drive the global airport information systems market.
The Airport Information Systems Market is segmented on the basis of airport size, cost, application, function, and software. On the basis of airport size, this market is segmented into Class-A, Class-B, Class-C, and Class-D. The cost segment is based on the type of investments that are made in software, and has been categorized into procurement, integration, and operation costs. On the basis of application, this market is segmented into terminal side and airside. By function, this market includes Airport Operation Control Center and Departure Control Systems sub-segments. On the basis of the software type, the airport information systems market has been divided into passenger and non-passenger sub-segments.
The total airport IT expenditure has increased from USD 4.3 Billion in 2010 to USD 6.8 Billion in 2014, and this has fueled the global airport information system market. North America is expected to account for the largest share of 40.8% in the global airport information systems market. North America accounts for the largest share. This is due to the increasing rate of airport expansion and development programs being undertaken in the past decade. Countries, such as Canada and the U.S., have reported a significant passenger footfall. North America is followed by Europe and Asia-Pacific. In 2013, the aviation industry in China increased its total IT expenditure to 5.8% of the revenues generated from airports, which is averaged at 5.4%, globally. This led to a slightly faster growth of the airport information system market in China.
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Some major players in the airport information systems market include SITA (Geneva), Amadeus IT Group SA (Spain), Rockwell Collins Inc. (U.S.), INFORM GmbH (Germany), and Siemens AG (Germany). Whereas, the other competitors of this market are IBM Corp (U.S.), Ultra Electronics Holdings (U.K.), Northrop Grumman Corporation (U.S.), and IKUSI (Spain).
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