This market research report includes a detailed segmentation of the global airport IT spending market by solution type (operational systems, passenger processing systems, and administrative systems). It also outlines the market shares for key regions such as the Americas, APAC, and EMEA. The top vendors analyzed in this report are Amadeus IT Group, Rockwell Collins, SITA, and Ultra Electronics Airport Systems.
Technavio’s market research analysts estimate the global airport IT spending market to grow at a CAGR of 4% between 2016 and 2020. The growing need to efficiently manage and handle a large number of passengers, cargos, and aircraft at airports is fuelling IT spending in the aircraft industry. The Americas lead the global market for airport IT spending, occupying around 47% of the total market share. The augmented spending on airport expansion and modernization programs will foster the prospects for growth in this market during the predicted period.
The new market research report from Technavio provides a breakdown and analysis of the airport IT spending segments by technology.
“Now-a-days, airports and airlines are increasingly spending on BI technology to derive powerful actionable insights about passengers and staff. These solutions access and analyze passenger data from various sources with automated models and algorithms. Also, they enhance customer experience by providing travel itinerary-related information on their mobile devices. Airports are also investing in several technologies like iBeacon, cloud, 3D face recognition, bar-coded boarding passes (BCBPs), and video analytics to enhance the passenger experience and improve airport operations,” says Navin Rajendra, Industry Manager, , ICT, Technavio Research.
Recently, it has been observed that airports across the globe are experiencing persistent threats of terrorism and criminal activity. This increase in security threats will lead to augmented spending on security technologies like access control, passenger security, and IT security. The increased spending on security technologies will result in market growth during the forecast period.
The leading vendors in the global airport IT spending market include Amadeus IT Group, Rockwell Collins, SITA, and Ultra Electronics Airport Systems. The market is extremely concentrated due to the presence of large vendors like Rockwell Collins and Amadeus IT Group. Since this market is highly concentrated, the vendors try to differentiate their products by offering various innovations through cost-effective solutions. The vendors in this market compete on the basis of integration expertise and technology maturation to gain maximum prominence during the predicted period.
A more detailed analysis is available in the Technavio report, Global Airport IT Spending Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
Other related reports:
- Global Airport IT Market 2015-2019
- Global Airport Passenger Screening Systems Market 2015-2019
- Airport E-Gates Market 2015-2019- Global Market Trends, Drivers, Forecast
- Global IT Spending by Mobile Payment Service Providers Market 2015-2019
- Global IT Spending by Audit Firms 2015-2019
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