Summary
The global Airport Information Technology Market is expected to witness a CAGR of xx% over the forecast period 2020-2026 and is expected to reach US$ xx million in 2026, from US$ xx million in 2019.
The advancement of airport information technology services has made air travel convenient, safe, and easy. With the internet, online ticket booking services, seat reservations, reservation software, electronic boarding cards, and much more, air travel can now be enjoyable as well as affordable. Airline information technology helps passenger and crew management with the scheduling and planning of flights, providing better services, reducing operating costs, and increasing passenger and driver safety. Online availability of airfare and reservation information, seat assignments and upgrades, reservation processing, electronic check-in/check-out, baggage tracking, real-time updates on air traffic and weather conditions, and other services related to air travel are offered by online airfare offices and websites.
The increasing use of smartphones has created new business opportunities, such as a web boarding pass, between the passengers and airlines. This is propelling the growth of the airport information technology market. The rise in demand for advanced kiosks at airports is also projected to foster the growth of the market. Moreover, growing passenger traffic, the need for real-time information sharing and collaboration, need for risk management are again augmenting the growth of the airport information technology market. According to ICAO’s preliminary compilation of annual global statistics, the total number of passengers carried on scheduled services rose to 4.3 billion in 2018, which is 6.4 percent higher than the previous year, while the number of departures reached 37.8 million in 2018, a 3.5 percent increase.
North America is expected to exhibit significant growth over the forecast period and this is attributed to the improving safety standards and increasing air traffic. For example, The Airport Safety Program addresses general aviation airport safety, runway safety, airports certificated under 14 Code of Federal Regulations Part 139, and safety management systems (SMS).
Key Developments:
- In August 2020, Radixx, a Sabre company, and airline technology provider announces the launch of their latest addition to Radixx Go™ airport technologies, Radixx Go™ Touchless
- In April 2020, Aquajet, a global provider of Hydrodemolition robot manufacturing introduce a revolutionary new product through a worldwide digital launch on Wednesday at Central European Summer Time (CEST).
- In December 2018, Tata Consultancy Services a provider of IT services, consulting and business solutions organization, and Singapore Airlines (SIA), announced the launch of the Intelligent Airline Operations (IAO) Solution, a first-of-its-kind operations management solution that will digitally transform airlines’ ground services and operations control.
The Airport Information Technology Market report highlights product development and growth strategies such as merger and acquisition adopted by market players along with SWOT Analysis, PEST and Porter’s Five Forces analyses of the Airport Information Technology Market, which highlight the strengths, weaknesses, opportunities, and commination of key companies. Moreover, the report offers two distinct market forecasts, one from the perspective of the producer and another from that of the consumer.
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers.
The Key Manufacturers covered in this Report:-
- Amadeus IT Group
- Ikusi
- Collins Aerospace
- Sita
- Ultra-Electronics
- TAV Technologies
- Hua Wei
- ...
By the Product Type, the market is primarily segmented into:
- Airport Operations
- Passenger Management
- Baggage Handling
- Other
By Applications, the market is segmented into:
The Report covers the following Regions:
- North America
- United States
- Canada
- Mexico
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- Indonesia
- Thailand
- Malaysia
- Philippines
- Vietnam
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Central & South America
- Middle East & Africa
- Turkey
- GCC Countries
- Egypt
- South Africa
Objective of the Airport Information Technology Market Report:
- To assess the size of the market by value and volume
- Analyze the Airport Information Technology Market in terms of regions and major countries
- Highlight recent developments and trends in the market
- Offer perceptive data regarding major market players in terms of key developments, strategies, and product portfolio
- Determine share of the Airport Information Technology Market in terms of various segments such as by product type, application, and end-user
- Offer accurate projection of the market for the forecast period using state-of –the-art tools and the current primary and secondary research approaches
- Discuss major factors that impact growth of the Airport Information Technology Market
The Airport Information Technology Market engages the readers with all pivotal approaches to understand their position in the industry based on revenue or sales growth. The report efficiently evaluates the Airport Information Technology Market from various dimensions to deliver an end-product that is informative, elaborate, and accurate and includes detailed market segmentation, regional analysis, and competition in the market. The information in the report is backed by annual company reports, financial reports, press releases, regulatory databases, government documents, and statistical databases.
For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Key Stakeholders:
- Material suppliers/wholesalers
- Market Distributors/traders
- Regulatory bodies
- Research organizations, and consulting firms
- Commercial research & developments (R&D)
- Trade associations and industry bodies
- Importers and exporters
- End-use industries
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
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