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The global airport information systems market size is expected to gain momentum by reaching USD 4.20 billion by 2028 owing to increasing investment done on modernization and renovation of existing airports with advanced technology. This information is provided by Fortune Business Insights, in its report, titled, “Airport Information Systems Market Size, Share and COVID-19 Impact Analysis, By System (Airport Operation Control Center, and Departure Control System) By Airport (Class A, Class B, Class C, and Class D) By Type (Airside, and Terminal Side), By End-Use (Passenger Systems, and Non-Passenger Systems), By Investment (Brownfield, and Greenfield) and Regional Forecasts, 2021 – 2028 ”, mentions that the market stood at USD 3.17 billion in 2020 and USD 3.21 billion in 2021. It is further projected to exhibit a CAGR of 3.89% during the forecast period.
Bahrain International Airport Launch of New Passenger Terminal
In February 2021, Bahrain International Airport announced the launch of a new passenger terminal which is equipped with SITA technology to enhance the travelers’ experience. The Smart Path kiosks from SITA technology, is aided with biometric identification capabilities, this also helps in minimizing the contact of travelers with shared devices.
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https://www.fortunebusinessinsights.com/airport-information-systems-market-103044
Growing Expenditure on IT Spending for Operational Improvement by Airports to Aid Growth
The increasing adoption of next-generation technologies on airports, is expected to drive airport information systems market growth. As the advanced and innovative technology helps in achieving higher operational efficiency, it offers passengers a better experience. Thus, increased spending on Information Technology (IT) for airlines, is accelerating the market's demand. For instance, as per a report published by SITA, airports and airlines have made an investment of record USD 50 billion in information technology (IT) in 2018 to enhance the passenger experience.
Key Players Focus on Agreement and Collaborations to Brighten Their Market Prospects
This market is experiencing healthy competition among key players focusing on developing and launching technologies to widen their product offerings and further foster sales revenues. Additionally, the other players are trying to maintain their position in the market by adopting strategies such as merger and acquisition, partnership, and collaboration that will contribute to the growth of the market in upcoming years.
Industry Development
List of Key Players Profiled in Report
Further Report Findings
Table of Segmentation
ATTRIBUTE | DETAILS |
Study Period | 2017-2028 |
Base Year | 2020 |
Forecast Period | 2021-2028 |
Historical Period | 2017-2019 |
Unit | Value (USD Billion) |
Segmentation | System; Airport; Type; End Use; Investment, and Geography |
By System
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By Airport
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By Type
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By End-Use
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By Investment
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By Geography
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