According to Fortune Business Insights™, the global airport information systems market growth is expected to gain momentum by reaching USD 4.20 billion by 2028 while exhibiting a CAGR of 3.89% between 2021 to 2028. In its report titled “Airport Information Systems Market, 2021-2028,” Fortune Business Insight mentions that the market stood at USD 3.17 billion in 2020.
Airport Information Systems (AIS) provide information and messages to all staff members and passengers, it helps in advertising, flight departure updates, and weather updates for an easy flight. The system includes various equipment such as passenger information display systems (FIDS) and baggage handling and management systems to aircraft, provides flight information systems, efficient airport security systems, a system for terminal services, and emergency departments, and passenger information systems.
List of Key Players Profiled in Report
- ADB SAFEGATE (The U.S.)
- Amadeus IT Group SA (Spain)
- Collins Aerospace (The U.S.)
- Damarel Systems International Ltd. (The U.K)
- IBM (The U.S.)
Increase in Air Traffic to Fuel Market Growth
The increasing air traffic and rising demand for real-time data sharing among passengers is propelling the demand for Airport Information Systems (AIS) market growth. Additionally, the developing airport infrastructure and its modernization is also accelerating the demand. For instance, as per International Air Transport Association (IATA), the number of passengers is expected to double to 8.2 billion by 2037. The report also suggests that China alone will have 1 billion new passengers while the U.S. is expected to have 481 million new passengers in the next 20 years. Therefore, a rising number of people who are preferring air travel will promote the market growth.
North America to Dominate Backed by Increasing Adoption of Pets in the Region
North America is expected to remain at the forefront and hold the highest position market during the forecast period. This is attributable to due to the presence of the highest aircraft fleet and a large number of airlines across the United States. Additionally, the presence of a large number of airports and increasing investment on airlines for the modernization of airports is driving the regional market. The region’s market stood at USD 1.00 billion in 2020.