Airport Information System Market 2024 | Size, Top Trends, Growth, Share, Key Drivers | Huawei Technologies Co. Ltd., Siemens AG, RTX Corporation, Lockheed Martin Corporation, International Business Machine Corporation

Overview and Scope
An airport information system refers to a digital platform designed to effectively manage and distribute critical data within airport premises. It enables seamless operations and communication throughout the airport infrastructure by integrating several subsystems, considerably contributing to increased efficiency, safety, and overall passenger pleasure.

Sizing and Forecast
The airport information system market size has grown strongly in recent years. It will grow from $3.78 billion in 2023 to $3.97 billion in 2024 at a compound annual growth rate (CAGR) of 5.2%. The growth in the historic period can be attributed to regulatory requirements, passenger experience enhancement, security imperatives, operational efficiency, globalization and interconnectivity, and the emergence of digital technologies.

The airport information system market size is expected to see strong growth in the next few years. It will grow to $4.93 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to passenger-centric solutions, smart infrastructure and IoT integration, sustainable operations, seamless intermodal connectivity, cybersecurity and data privacy, regulatory compliance and standards, and autonomous systems and robotics. Major trends in the forecast period digital passenger experience, intermodal connectivity, cybersecurity and data privacy, smart infrastructure and IoT integration, automation, and robotics, and sustainability initiatives.

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Segmentation & Regional Insights
The airport information system market covered in this report is segmented –

1) By Type: Airside, Terminal Side
2) By Function: Departure Control System (DCS), Airport Operations Control Center (AOCC)
3) By Airport: Class A, Class B, Class C, Class D
4) By Application: Maintenance, Ground Handling, Finance And Operations, Security, Passenger Information
5) By End-Use: Passenger Systems, Non-Passenger Systems

North America was the largest region in the airport information system market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the airport information system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
The rising air traffic is expected to propel the growth of the airport information system market going forward. Air traffic refers to the movement of aircraft in the airspace and on the ground, including takeoffs, landings, and en-route flights. Air traffic is rising due to several factors, including increasing global connectivity and accessibility, driven by expanding economies and advancements in aviation technology. Airport information systems significantly contribute to managing and coordinating air traffic through the provision of real-time data on flight schedules, gate assignments, and operational status, thereby enhancing efficiency and safety. For instance, in January 2024, according to the International Air Transport Association, a Canada-based trade association, total air traffic in 2023 (measured in revenue passenger kilometers) increased by 36.9% compared to 2022. In December 2023, total air traffic experienced a 25.3% rise compared to December 2022. International air traffic saw a significant surge of 41.6% in 2023 compared to 2022. Therefore, the rise in air traffic is driving the growth of the airport information system market.

Key Industry Players
Major companies operating in the airport information system market are Huawei Technologies Co. Ltd., Siemens AG, RTX Corporation, Lockheed Martin Corporation, International Business Machine Corporation, Northrop Grumman Corporation, Lufthansa Systems, Honeywell International Inc., NEC Corporation, Thales Group, L3Harris Technologies Inc., Leidos Holdings Inc., CGI Inc., Amadeus IT Group, SAAB AB, Indra Sistemas, Advantech Co. Ltd., Unisys Corporation, SITA (Société internationale de télécommunication aéronautique), ARINC Incorporated Information, Ikusi Redes de Telecommunications S.L., Damarel Systems International Ltd., INFORM Institute fur Operations Research and Management GmbH, The Real Estate Staging Association (RESA)

The airport information system market report table of contents includes:

1. Executive Summary

2. Airport Information System Market Characteristics

3. Airport Information System Market Trends And Strategies

4. Airport Information System Market – Macro Economic Scenario

5. Global Airport Information System Market Size and Growth

…..

32. Global Airport Information System Market Competitive Benchmarking

33. Global Airport Information System Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Airport Information System Market

35. Airport Information System Market Future Outlook and Potential Analysis

36. Appendix

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