Airport IT Systems Market by Function (AOCC, DCS), Software (Passenger System, Non Passenger System), Application (Terminal Side, Airside) , Airport Size (Class-A, Class-B, Class-C, Class-D), Cost (Integration, Procurement, Operation) & Region – Forecast Till 2030
Airport IT Systems Market Overview:
Airport IT Systems Market is expected to be worth USD 7.2 billion by 2030, growing at a CAGR of 3.40% between 2022 and 2030.
The number of people choosing to fly has increased in recent years, putting more pressure on airports and airlines to invest in advanced systems that can improve ground operations and support their goal of reducing aircraft turnaround time. Artificial intelligence (AI) and predictive analysis are used in airports for various applications ranging from customer service to operational efficiency. As a result, integrating such technologies to create an overview of an airport’s operations and measure performance with associated key performance indicators (KPIs) is expected to drive the airport information systems market.
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Furthermore, increasing airport expansion projects and airport infrastructure modernization drive market growth. Airport passenger communications strategies are expected to evolve significantly over the next few years, owing primarily to the importance of mobile applications in passenger interaction. Airports have emphasized the importance of passenger mobile applications in improving customer relationship management by providing real-time information and exploring lucrative commercial opportunities, which is expected to benefit the Airport IT Systems Market.
The Airport IT Systems Market is classified based on type, Software, Size, application, and Function.
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The Airport IT Systems Market is segmented into four major regions: North America, Asia-Pacific, Europe, and the rest of the world.
The North American region holds the largest share of the Airport IT Systems Market due to increased safety and air traffic. Furthermore, the presence of major manufacturers in the aviation industry will propel the growth of the Airport Information Systems Market in this region.
The Asia-Pacific region is expected to have the highest CAGR forecast period. The rising number of airports and emerging economies in countries such as India and China will drive market growth in this region. Even though the covid-19 pandemic has slowed growth in this region, the market will grow significantly during the forecast period. The European region will experience moderate market growth due to the growing number of regional airports. The presence of key players will also drive the growth of the Airport Information Systems Market.
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