Increasing Funding from Government and Private Organization in Airport Expansion Activities to Promote Deployment of Airport Information Systems
While airports are emerging as a critical part of modern infrastructure, they require specialized and tailored services in order to provide the functions inherent in aviation travel. The deployment of airport information systems has caught up pace over the past few years owing to the continuously increasing number of domestic and international passengers. Transparency Market Research (TMR) states that the global airport information systems market is poised to reach a valuation of US$46.95 bn by 2024 from US$25.18 bn in 2015, rising at a CAGR of 7.2% from 2016 to 2024. TMR’s lead analyst says that government and private organizations are sharply increasing investments for airport construction and expansion activities to ensure passenger convenience and efficient operations, which is likely to bode well for the growth of the market.
How is increasing trend of automation assisting the growth of the global airport information systems market?
The increasing demand for automated and self-service processes and rising IT spending on airports, so as to enhance passenger experience and safety, are leading to the rising implementation of information systems across international and domestic airports. The latest advancements in the field of automation and IoT and their utilization with these systems have boosted their demand, especially across developed nations. Furthermore, the aviation industry is anticipated to increase the demand for advanced and effective airport information systems in the coming years as passengers become more used to digital devices and technological nuances.
How are emerging regions affecting the growth of the global airport information systems market?
Self-service airports are gaining popularity in emerging economies owing to the growing passenger traffic. Moreover, the increasing adoption of smartphones in such countries is working in favor of the market. As per the report, the Asia Pacific airport information systems market will expand at a CAGR of 7.7% during the forecast period. However, the implementation and maintenance of these systems can be highly expensive due to the requisition of additional facilities such as reliable electronics and supporting devices, continuous and high speed network connectivity, and a digitally compliant airport infrastructure. These factors are slowing down the implementation of airport information systems across cost-sensitive and emerging regions such as Africa and Asia Pacific.
Why are airport infrastructure systems manufacturers increasingly focusing on mobile applications to stay ahead in this competition?
The global airport information systems market is characterized by the incessant influx of integrated software solutions developed by small and large companies. The increasing proliferation of mobile-enabled applications closely integrated with different processes during air travel is providing additional revenues to manufacturers through cross-selling opportunities. For instance, SITA offers a mobile application to the Miami International Airport users which covers gate, check-in, baggage claim, entrances, and valet parking zones throughout the airport and has gained significant popularity since its launch.
Other key companies in the market are Rockwell Collins Inc., Rockwell Collins Inc., Parcel & Airport Logistics, Siemens Postal, Lockheed Martin Corporation, InterSystems Group, Lufthansa Systems GmbH & Co. KG., and VELATIA S.L.