Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.
Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.
We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.
In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months. Request Insights
Airport Information System Market Overview
Airport information system is referred to a system which is used to manage airport operations. Flight information display system (FIDS), is widely used by numerous airports due to the system helps the passenger to get the information about their fights. It displays information to the public in a format selected by the airport.
Market Size and Forecast
The global airport information system market is expected to grow at a CAGR of 7.2% over the forecast period i.e. 2017-2024. Further, airport information system market is anticipated to reach USD 49.8 billion globally by 2024. Further, the market of airport information system is riding on the back of various factors such as growing importance of self-service airports and increasing IT spending on airports.
On the basis of solutions, the global airport information system market is segmented into flight information display system (FIDS), resource management solutions, public address systems, baggage processing, passenger processing, airport operations, airport information, and airport operational database (AODB). Further, the baggage processing segment is expected to dominate the overall segment by the end of 2024. Likely, this growth of baggage processing segment is attributed to increasing demand for proper baggage management.
On the basis of regional platform, the most prominent regional markets include North America and Europe. North America region is expected to dominate the market during the forecast period aided by U.S. Further, rising technological advancement in airport information system and increasing research and development in the field of aviation sector are believed to bolster the growth of airport information system market in this region.
Europe region captured the second largest market of airport information system in terms of revenue in 2016. Further, Western Europe countries such as U.K., Germany and others are the major contributors of airport information system market owing to rising number of air travelers.
Asia-Pacific region is believed to be the fastest growing airport information system market during the forecast period owing to rapid urbanization and advancement of airport information system. Further, Asia-Pacific is anticipated to grow at a CAGR of 7.3% over the forecast period owing to developing economies such as China and India. Moreover, government initiatives to improve airport infrastructure is one of the major factor which is propelling the growth of airport information system market in the region.CLICK TO DOWNLOAD FREE SAMPLE
Market Segmentation
Our in-depth analysis segmented the global airport information system market in the following segments:
By Operation
By Solutions
By Airport Category
By Region
Global airport information system market is further classified on the basis of region as follows:
Growth Drivers and Challenges
Factors such as rising number of air travelers, rising demand for automated and self-service processes and expansion of aviation industry are believed to be the dynamic factor behind the rapid growth of airport information system across the globe. Moreover, increasing penetration of smartphone-enabled solutions is also bolstering the growth of airport information system market by the end of 2024.
Furthermore, rapid urbanization coupled with positive GDP figures of developed and developing nations is envisioned to boost the growth of airport information system market. In addition to this, technologically advancement in airport display system to manage the passengers properly and rising IT investment on airports are predicted to supplement the growth of airport information system market.
However, lack of integration of airport information systems in underdeveloped nations is envisioned to hinder the growth of airport information system market across the globe. Moreover, high cost associated with the implementation of airport information system is expected to hamper the growth of airport information system market over the forecast period.
Key players
The major key players for airport information system are as follows
Scope and Context
Overview of the Parent Market
Analyst View
Segmentation
The global airport information system market is segmented as follows:
Market Dynamics
Supply & Demand Risk
Competitive Landscape
Porter’s Five Force Model
Geographical Economic Activity
Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent Trends and Developments
Industry Growth Drivers and Challenges
Key Information for Players to establish themselves in current dynamic environment
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