The article cited AMA's Global Airport IT Market Study explored substantial growth with CAGR of %. According the report, Evolution of Robotic Assistance and Digitalization of Air Traffic Control to Improve Transport Safety is one of the primary growth factors for the market. Surging Demand for Technological Solutions to Improve Airport Operation and Reduce Cost
is also expected to contribute significantly to the Airport IT market. Overall, Air Traffic Control
applications of Airport IT, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as Amadeus IT Group (Spain), Siemens (Germany), Thales Group (France), Honeywell International (United States), Rockwell Collins (United States), Saab AB (Sweden), Atos (France), Northrop Grumman (United States), Damarel Systems (United Kingdom), Capgemini (France) and NudgeNext (India) may see astonishing sales in this Market and certainly improve revenue growth.
AMAs Analyst on the Global Airport IT market identified that the demand is rising in many different parts of the world as "Rise in Construction of High-Tech Airports in the Developing Countries". Furthermore, some recent industry insights like "In 2020, Rockwell Collins introduced a new kiosk connect solution to eliminate the need of touching airport kiosks. The new kiosk solution enables passengers to use their phones for check-in and baggage drop. There is no requirement to install any application, the user can use the kiosk by scanning QR code from mobile devices and connect to the kiosk by using the airport's public Wi-Fi or the kiosk's built-in Wi-Fi." is constantly making the industry dynamic. One of the challenges that industry facing is "Availability of Appropriate IT Infrastructure"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of Airport IT market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of Airport IT market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the Airport IT market tight? Which application/end-user category or Product Type [Communication System, Surveillance & Security System, Approach and Navaids System, Road Drying and Cleaning System and Others] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Airport IT market and other related sub-markets covered in the study.
o Key & emerging players in the Airport IT market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Airport IT market size is calculated using market estimation process, the Airport IT market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Airport IT market size has been validated using both top-down and bottom-up approaches.