Global Airport Information Systems Industry: Competitive Landscape
Companies profiled in the report include SITA, Thales Group, Amadeus IT Group SA, Siemens AS, Collins Aerospace, Gentrack, Inform GmbH, Resa Airport Data Systems, Ikusi, and IBM.
As per the latest report published by Industry Research Future (MRFR), the global airport information system Industry is expected to reach a valuation in excess of USD 5,700 Mn by the year 2023, reflecting a CAGR of 7.27% during the forecast period. The growing importance of harnessing real-time information is driving the popularity of flight information display systems (FIDS). Increased investment in the aviation sector in fast-developing countries such as China, India, Mexico among others is creating new growth avenues for Industry players. Rapid infrastructure development coupled with the exponential growth in passenger volume in these countries is reflecting favorably on the global airport information systems Industry. In advanced economies, the focus has shifted towards promoting innovation in the aviation sector, which is also propelling the Industry growth.
Modernization of airports to accommodate the evolving operational requirements is necessitating the adoption of cutting-edge airport information systems. However, these systems remain susceptible to cyber threats, which continues to undermine their Industry potential.
Global Airport Information Systems Industry: Segmental Analysis
The segmental analysis of the Airport Information Systems Industry is conducted on the basis of systems, type, and platform and region.
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