NEW YORK, Aug. 19, 2021 /PRNewswire/ -- The "Airport Information Systems Market by Function and Geography - Forecast and Analysis 2021-2025" report has been added to Technavio's offering.
The airport information systems market is poised to grow by USD 1.66 billion between 2021-2025.
The construction of new airports and modernization of existing airport infrastructure is notably driving the airport information systems market growth, although factors such as high costs associated with the adoption of airport information systems may impede market growth. This airport information systems market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth.
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COVID-19 is expected to have Negative and Inferior impact on market growth. Even if the spread of virus is contained, we expect it to take more than two quarters (six months) to reach a normal state of economic activity. In the short term, the market demand will show At Par growth.
China and Japan are the key markets for airport information systems market in APAC. 36% of the market's growth will originate from APAC during the forecast period. APAC has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. Increase in air passenger traffic has been identified as one of the chief factors that will drive the airport information systems market growth in APAC over the forecast period.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
Know About the Key Opportunities and Growth of Airport Information Systems Market in Aerospace & Defense Industry
https://www.technavio.com/report/airport-information-systems-market-industry-analysis
The airport information systems market is segmented by function (AOCC and DCS) and geography (APAC, North America, Europe, MEA, and South America).
The airport information systems market share growth by the AOCC segment has been significant.
The airport information systems market is fragmented and the vendors are deploying growth strategies such as product differentiation to compete in the market.
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