Airport Information Systems Market is Expected to Reach USD 3.96 Billion by 2020

Date: 2015-10-19

The airport information systems market is expected to reach USD 3.96 billion by 2020 from USD 3.01 billion in 2015, at a CAGR of 5.7% from 2015 to 2020. Although the mature markets (such as the U.S., Germany, and the U.K.) are estimated to hold the largest shares in the airport information systems market in 2015, the airport information systems market in the  Asia-Pacific region is expected to grow at the highest CAGR of 8.5% during the forecast period. The growth of the airport information systems market is driven by factors, such as increasing passenger traffic, need for real-time information sharing and collaboration, and need for risk management through airport information systems. However, factors, such as data sharing regulations and high cost of upgradation are hindering the growth of this market. Moreover, the emerging economies, such as India and China are also creating growth opportunities for the airport information systems market.   

By airport size, the Class-B segment is estimated to account for the largest share in the airport information systems market in 2015.  By software segment, the non-passenger systems segment is estimated to account for the largest share in the airport information systems market in 2015. 

The North American region is estimated to account for the largest share in the airport information systems market in 2015. However, the airport information systems market in the Asia-Pacific region is projected to grow at the highest CAGR during the forecast period. This can be attributed to the increasing air traffic in the region. 

The airport information systems market comprises a few large players and several small players. The major players operating in this market include  SITA (Geneva), Amadeus IT Group SA (Spain), Rockwell Collins, Inc. (U.S.), INFORM GmbH (Germany), and Siemens AG (U.S.). 

Contact With Us
Join templatemonster at google+
Customized Research
Request Sample