04 September 2019
Visiongain has launched a new Aerospace report Airport Information Systems Market Report 2019-2029: Forecasts by Operation (Airside, Terminal Side), by Application (Finance & Operation, Maintenance, Ground Handling, Security), by End-use (Passenger, Non-Passenger) PLUS Profiles of Leading Companies and Regional and Leading National Market Analysis.
The global airport information system market is expected to grow at a steady rate during the forecast period. Some of the key factors driving the market include are the increasing upgradation of already existing systems, technological advancements, and growing need for efficient air passenger traffic. However, the increasing threat from cyber security and the stringent regulatory framework are hindering the airport information systems market growth. The airport information system market can be segmented based on operation, application, end-use and region.
The growing demand for more efficient and trustworthy airport information systems to maximize passenger convenience and for optimisation of aircraft processes is primarily driving the market. Additionally, the upsurge in IT expenditure on airport infrastructure and the increasing capital investments by major players and the governments are aimed at acceleration of real-time information system adoption by both international and domestic airports. However, the requirement of most information systems for advanced electronics, high speed connectivity, and associated hardwares significantly raises the cost of implementation, which impedes the market growth. Most of the major airports are increasingly inclining towards investing in business intelligence solutions and other key programs including mobile services to staff and passengers.
Both the large and small companies operate in the airport information system market. However, key players such as Siemens Postal, Parcel & Airport Logistics, Amadeus IT Group SA, SITA, and. Rockwell Collins, Inc. are currently dominating the market. These major companies are increasingly focusing on research and development activities so as to gain competitive advantage. Some of the other companies operating in the market include Lufthansa Systems GmbH & Co. KG, INFORM GmbH, VELATIA, S.L., Intersystems Group, S.A.S., RESA, and Lockheed Martin Corporation. These companies are taking various strategic initiatives such as mergers, acquisitions and collaborations so as to increase their presence in the global market.
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