DUBLIN--(BUSINESS WIRE)--The "Global Airport Information System Market - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
Global airport information system market is estimated to register a CAGR of 6% with the market estimated to reach USD 5 Billion, at the end of the forecast period.
With the increase of Grade I and Grade II airports in the developing economies, like India and other emerging economies, the numbers are anticipated to grow.
Based on the size of the airports, the market is segmented into Grade 1, Grade 2, Grade 3, and Grade 4. Grade 2 airports will command the majority share in the Airport Information System Market and the Asia-Pacific region will be the fastest growing region.
In the past 5 years, the informational technology expenditure by airports has increased dramatically by over 50% and this has fuelled the airport information system market. In recent years, especially in countries of the Asia Pacific and Africa, there has been massive increase in constructions of new airports, and upgrading and modernization activities of the existing ones as well. India, in particular, is giving a massive push to building new airports and upgrading existing ones to make flying more accessible to the masses and attract new travelers.
Indian Airports in general have also have been on modernization drive and some of them, like Delhi's Indira Gandhi International Airport features as the top ranked airports in the world and recently India's homegrown airlines company Indigo started its (Regional Air Transport) ATR service paving way for building smaller town to town airports. Thus, the emerging markets are anticipated to be the growth drivers in the airport information system market.
Major Players: Northrop Grumman Corporation, IBM, Lockheed Martin (Chroma), amongst others.
Key Topics Covered
2. Research Methodology
3. Executive Summary
4. Market Overview and Technological Trends
5. Market Dynamics
6. Global Airport Information Systems Market Segmentation, by Application
7. Global Airport Information Systems Market Segmentation, by Software
8. Global Airport Information Systems Market Segmentation, by Cost
9. Global Automotive Steering Market Segmentation, by Geography
10. Competitive Landscape
11. Company Profiles
- Northrop Grumman Corporation
- Airport Information Systems
- Ikusi SA
- TAV Information Technologies
- Lockheed Martin (Chroma)
12. Future Outlook of the Market
For more information about this report visit https://www.researchandmarkets.com/research/sbtgsd/global_airport?w=4