Airport Information Systems Market Size to Grow by $ 1.66 bn through 2021-2025 | Forecast and Trend Analysis

Technavio has been monitoring the airport information systems market and it is expected to grow by $ 1.66 bn, decelerating at a CAGR of almost 9.26% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking

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Airport Information Systems Market: Emerging Trends to Impact Market Growth

Growth by the AOCC segment has been significant. APAC has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. Increase in air passenger traffic has been identified as one of the chief factors that will drive the airport information systems market growth in APAC over the forecast period.

This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. This analysis will enable clients to assess their play in the market and plan for growth opportunities.

Airport Information Systems Market: Vendor Analysis

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. ADB SAFEGATE, Cisco Systems Inc., HCL Technologies Ltd., INFORM GmbH, International Business Machines Corp., Microsoft Corp., NEC Corp., Raytheon Technologies Corp., SITA, and Thales Group are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.

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The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market is decelerate at a CAGR of 9.26%.
    
2. What is the incremental growth of the market?
   The market is expected to grow by $ 1.66 bn through 2021-2025.
    
3. What is a key factor driving this market?
   Construction of new airports and modernization of existing airport infrastructure will drive market growth over the forecast period.
    
4. What are the key regions covered in this market research report?
   APAC, North America, Europe, MEA, and South America are the key regions featured in this research report.
    
5. Which is the leading geographic region for this market:
   36% growth will originate from APAC
    
6. Who are the leading market vendors?
   The leading vendors in this market are ADB SAFEGATE, Cisco Systems Inc., HCL Technologies Ltd., INFORM GmbH, International Business Machines Corp., Microsoft Corp., NEC Corp., Raytheon Technologies Corp., SITA, and Thales Group
    
7. What are the market segments covered in this report?
   The market is segmented by Geography (APAC, North America, Europe, MEA, and South America)