DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/6lzqwh/airport) has announced the addition of the "Airport Information Systems Market by Airport Size, Functions, Cost, & by Geography - Market Forecast & Analysis to 2014 - 2020" report to their offering.
The global airport information systems market is estimated to be $2,420.32 million in 2014 and is expected to register a CAGR of 4.76% to reach $3,490.69 million by 2020
The airport information systems market in this report is divided into five major geographies, namely North America,Europe, Asia-Pacific, the Middle East, and the Rest of the World (RoW). It is estimated that the global market would be valued at $2.64 billion in 2014; North America had the largest market with 41.30% share, followed by Europe with 25.45%, and Asia-Pacific with 18.89%. The increase in total IT spends from $4.3 billion in 2010 to $6.00 billion in 2013 has further contributed to the growth of the airport information system market.
North America dominates the global airport information systems market and it is estimated to be valued at $1.09 billion in 2014 to reach $1.39 billion by 2020, at a CAGR of 4.13% from 2014- 2020. 74% of the airports are being prepared for terminal refurbishment by the end of 2016 and 68% of the combined Class A, Class B, and Class C airport are focused towards terminal extension and expansion. This factor had led to the development and growth of market in this region, right from its inception.
Market growth is attributed to the rising passenger rate in developing countries and increasing modernization programs adopted by airports, in the developed countries. Emerging economies such as India, China, and Japan offer several opportunities for growth of the airport information systems market in this region. Airport expansion programs in emerging markets and development of enhanced baggage handling systems, offers lucrative opportunities for the market payers, in the next 5 years.
In the airport industry, the potential of misplacement of passenger baggage is a challenging issue, which can be better resolved by RFID technology as compared to traditional barcode systems. The RFID tags have higher reading rates of more than 99%; according to IATA and 100% read rate at some airports such as Amsterdam, which combine both barcode and RFID systems.
On the basis of airport size:
- The global airport information systems market can be classified on the basis of Class A, Class B, Class C, and Class D airports depending upon the passenger traffic. It offers in-depth analysis of airport information systems market, with respect to the airport size.
On the basis of function type:
The global airport information systems market is segmented into the type of functions performed such as airport operation control center (AOCC) and departure control system (DCS). DCS is further bifurcated into passenger tracking system, advanced passenger tracking system, and baggage handling system. The report provides the forecast analysis of functions of airport information systems from 2014-2020.
On the basis of cost:
The airport information systems market is fragmented on the basis of operational cost, integration cost, and procurement cost. It also covers the cost incurred for the passenger and non-passenger software.
- Amadeus IT Group Sa
- IKUSI S.A
- Inform Gmbh
- International Business Machines Corporation
- Northrop Grumman Corporation
- Rockwell Collins, Inc.
- Siemens AG
- Ultra Electronics Holdings
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