According to the report, the airport information systems market was estimated at USD 3.35 billion in 2021 and is likely to grow at a CAGR of 5.2% during 2022-2028 to reach USD 4.8 billion in 2028.
What is the flight information system?
Flight information systems are mainly electronic display systems installed at airports for displaying flight information for passengers. The system is controlled by a computer system and it displays information such as the arrival or departure of different flights in real-time for the convenience of the passengers.
Flight information systems normally are known to be passenger systems but there are also non-passenger systems available for other purposes. Finance operations, maintenance, ground handling, security, and many other purposes are solved with the help of the airport information systems.
COVID-19 Impact
The impact of Covid-19 has been staggering and it shook the whole world. The pandemic severely impacted the aviation industry which in turn generated a negative demand for the airport information systems market.
Market Dynamics
The growth of the airport information systems market is primarily driven by:
- The requirement for competent air passenger traffic,
- Technological expansions,
- An upsurge in the upgradation of prevailing systems.
Leading players in the market -
To build a successful business, it is vital to understanding the market - both the customers and the competitors. The report published consists of a list of key players active in the Airport Information Systems Market, which is given below -
- Amadeus IT Group Sa
- Damarel Systems International Ltd.
- Indra Sistemas S.A.
- IBM Corporation
- Inform GmbH
- Rockwell Collins, Inc.
- Siemens AG
- Thales Group
- Ultra Electronics Holdings PLC.
Report Findings
Based on the airport type, the market is segmented into class A airports, class B airports, class C airports, and class D airports. The class B airport segment is estimated to record the highest growth in the coming five years. The growth of the segment is owing to a rise in passenger traffic from the small cities which has majorly contributed to the demand for expansion and upgradation of airports.
Based on the end-use type, the market is segmented into passenger systems and non-passenger systems. The passenger systems segment is expected to grow at a higher rate during the forecast period. The demand for auto-check-in and bag drop are the prime growth drivers of this segment.
In terms of regions, North America was expected to lead the market in 2021. The aviation industry is one of the most lucrative industries in the North American region and the market is driven by the presence of global aviation industry manufacturing giants in the region. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.
The research report aims to help the users learn about their market size and potential to connect with customers. This report answers to the following questions:
- How big is the potential Airport Information Systems Market?
- Will this market grow or shrink in the future?
- Who are our top competitors or key players?
- What market share do the competitors own?
- How Covid19 has affected the market?
- How long will it take to recover from the Covid-impact?
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