Demand for airport information systems to grow by 31.6 percent over the next five years
VANCOUVER, Wash., 6 Nov. 2015. The worldwide airport information systems market will grow by 31.6 percent over the next five years -- rising from $3.01 billion this year to $3.96 billion in 2020 -- predict analysts at market researcher MarketsandMarkets in Vancouver, Wash.
Driving airport information systems market growth are factors like increasing passenger traffic, the need for real-time information sharing, and the need for airport information systems risk management, analysts say in the report "Airport Information Systems Market."
Demand for airport information systems will grow at a combined annual growth rate of 5.7 percent over the next five years, analysts say. North America will have the largest share of 40.8 percent in the global airport information systems market because of the increasing rate of airport expansion and development.
North America is followed by Europe and Asia-Pacific. In 2013, the aviation industry in China increased its total IT expenditure to 5.8 percent of airport revenues, which averages 5.4 percent globally.
MarketsandMarkets segments the airport information systems market by airport size, cost, application, function, and software. Airport size divides into Class-A, Class-B, Class-C, and Class-D. Cost is based on the type of investments that are made in software, and has been categorized into procurement, integration, and operation costs.
Application divides into terminal side and air side Function includes airport operation control center and departure control systems sub-segments. Software type divides into passenger and non-passenger segments.
Some major players in the airport information systems market include SITA in Geneva, Amadeus IT Group SA in Spain, Rockwell Collins in the U.S., INFORM GmbH in Germany, and Siemens AG in Germany. Other competitors in this market are IBM Corp in U.S., Ultra Electronics Holdings in the United Kingdom, Northrop Grumman Corp. in U.S., and IKUSI in Spain.
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