The report contains profiles of leading players involved in this market such as SITA, Amadeus IT Group SA, INFORM GmbH, Rockwell Collins, and Siemens AG. The report takes into account, a wide range of factors and their influence on the market dynamics. Increasing investments in R&D, coupled with an information flow for requirement analysis is expected to help the market move, at a steady pace.
According to a new market research report "Airport Information Systems Market by Airport Size, by Functions, by Cost, by Geography, Market Forecast & Analysis to 2014 - 2020" The global airport information systems market is estimated to be $2,640.61 Million in 2014 and is projected to register a CAGR of 4.76%, to reach $3,490.69 million, by 2020.
Browse 86 market data tables and 67 figures spread through 178 pages and in-depth TOC on “Airport Information Systems Market".
The report provides market analytics for 12 countries that are mapped in the report. One of the key strategies adopted by key players in this market is the technology innovation. This strategy has helped them upgrade products, thus, helping them garner a competitive market share. The key growth countries include China, India, and France, of which China is the highest growing market.
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Airports are diverting their investment to deploy new technologies that cater to the key challenge of growing passenger traffic and effective capacity management.IT budgets are at a high which mostly benefits the passengers. Mobile and web services along with, enhancements in self-service options are among the major investment areas being deployed by airports, during the forecast period. Airports are spending major chunk of their revenue on technology as they look to enhance the passenger travel experience and meet the expected increase in demand for air travel by passengers.
The prominent players in the airport information systems market are IKUSI S.A , Northrop Grumman Corporation, RESA, International Business Machines Corporation, Inform Gmbh, Ultra Electronics Holdings, Amadeus It Group Sa , Siemens AG, SITA, Rockwell Collins, Inc.
The increasing demand for enhanced airport information systems as well as high growth in the emerging market has encouraged the market players to adopt the growth strategies such as launching new innovative products. Rockwell Collins (U.S.), Ultra Electronics Holdings (U.K.), and SITA (Geneva)are some of the leading players that have adopted this strategy,to expand their business.
The airport information system market is highly competitive, with a limited number of market players. This report studies the growth strategies adopted by the market players. The strategies adopted by the players to expand their global presence and increase their market share includes partnerships, agreements, collaborations , joint ventures, mergers , acquisitions, and new product launches.
It is estimated that airport passenger communications strategies would evolve dramatically by 2015 as mobile application would play a leading role in passenger interaction. More than 70% of the airports indicate mobile apps as one of the top two channels for customer service communication by 2015, followed by website services (Source: SITA Airport IT Trends Survey). Providing real-time information to passengers and improving customer relationship handling, are the main reasons for providing passenger mobile apps, apart from commercial opportunities.
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