The global airport management systems market will derive growth from the presence of several large scale companies across the world. The efforts taken to improve infrastructures at airports will have a massive impact on the growth of the market in the coming years. According to a report by Fortune Business Insights, titled “Airport Management Systems Market Size, Share & Industry Analysis, By Component (Software, Services), By Airport Size (Class A, Class B, Class C, Class D), By Application (Security, Content Management, Logistics, Integration, Collaboration, Gate Management, Performance Management, Business Applications, Others) and Regional Forecast, 2023-2030,” the market will rise considerably driven by increasing investments in product R&D.
The market includes the design and manufacture of aircraft, rockets, missiles, and spacecraft that operate in space. Defence equipment refers to weapons, arms, and equipment that are used for military purposes. The study conducted in this report provides an in-depth analysis of the aerospace and defences industry in Europe.
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Increasing Number of Company Collaborations will Provide Impetus to Market Growth
The report encompasses several factors that have contributed to the growth of the overall market in recent years. Among all factors, the increasing number of company collaborations and mergers has had the highest impact on the growth of the overall market in recent years. In October 2019, SITA announced that it has bagged a contract from the Kotoka International Airport in Accra, Ghana. Through this contract, the company will develop, manage, and support all passenger processing as well as baggage management systems at the airport. The company will also streamline the airport operation systems through the integration of advanced concepts and simplify complex processes. Increasing number of such company collaborations will have a huge impact on the growth of the overall market in the coming years.
Asia Pacific to Hold a Major Market Share; Efforts put in to Upgrade and Improve Existing Airport Operations will Aid Growth
The report analyses the ongoing market trends across five major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among all regions, the market in Asia Pacific is projected to emerge dominant in the coming years. The rising demand for improved airport infrastructures will create several growth opportunities for the companies operating in the market. The presence of several large scale companies in this region will also contribute to the growth of the regional market. The increasing air travels, coupled with rising population in countries such as India and China will contribute to market growth.
List of companies profiled in the report:
- Amadeus IT Group SA (Spain)
- Collins Aerospace. a Raytheon Technologies company (The U.S.)
- Damarel Systems International Ltd. (The U.K.)
- IBM Corporation (The U.S.)
- Ikusi (Spain)
- Indra Sistemas S.A.( Spain)
- Inform Software Corporation (The U.S.)
- Resa (France)
- Siemens AG (Germany)
- Ultra Electronics Holdings PLC (The U.K.)
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March 2018: SITA and the Airports Authority of India (AAI) have collaborated for the development of high-tech baggage management solution for several domestic airports of Indian Territory.
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