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Airport management systems are intended to ensure technologically advanced, cost-effective, and efficient airport operations. It assembles a large volume of electronic information within the airport. The airport management systems are able to handle airport security, operations, and management with the help of safety protocols and process automation systems. A computer system is used to control electronic devices and electronic TV screens. The electronic TV screen is located inside an airport terminal.
Key Market Driver -
• Increase in the Use of Smartphones • Need for Real-Time Information
Key Market Restraint -
• High Operating Cost
The factors that are expected to drive the market are an increase in the use of self-service technologies at airports. Moreover, the rise in IT spending by airports in recent years are anticipated to boost the market. Increased investments in airport expansion in emerging economies, the emergence of smart airports across the globe are the upcoming opportunities for the market. Near field communications (NFC), Radio frequency identification (RFID), and unassisted bag-drop facilities are the upcoming trends for the market.
By component, the market is segmented into services and software. Based on the airport size, the market is segmented into Class A, Class B, Class C, and Class D. Based on application, the market is categorized into security, content management, logistics, integration collaboration, gate management, performance management, business applications, and others. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, and the Rest of the World.
Major key players that are present in the global airport management systems market are Amadeus IT Group SA (Spain), Collins Aerospace, a Raytheon Technologies company (The U.S.), Damarel Systems International Ltd. (The U.K.), IBM Corporation (The U.S.), Ikusi (Spain), Indra Sistemas S.A.( Spain), Inform Software Corporation (The U.S.), Resa (France), Siemens AG (Germany), Ultra Electronics Holdings PLC (The U.K.), and among others.
The airport management systems market is analyzed across four major regions North America, Europe, Asia Pacific, and the Rest of the World. At present, North America is anticipated to steer the marketplace all through the forecast period, owing to the presence of key players, which includes Collins Aerospace, a Raytheon Technologies company, and IBM Corporation. The growing need for digital management at airports are witness to grow the market in the U.S.
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The Asia Pacific is estimated to capture a significant market share of the airport management systems market during the forecast timeline. It occurs due to the increasing demand for up-gradation of existing airport management systems from the emerging economy such as India and China. Furthermore, the rise in the internet of things (IoT) enabled smartphone solutions during air travel supports the growth of the market. The growth in passenger travel activity in Europe is projected to lead the market during the forecast period. In the Rest of the World, increasing the requirement of the airport management systems to improve the operational efficiency of the airports in Latin America, and Middle East & Africa are propelling the market.
By Airport Size
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