Airport Information Systems Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)


Airport Information Systems Market Analysis:

1. The Airport Information Systems Market is projected to experience substantial growth over the forecast period, with an estimated increase from USD 4.36 billion in 2023 to USD 5.19 billion by 2028. This represents a compound annual growth rate (CAGR) of 3.54%. However, it is important to note that the COVID-19 pandemic had a significant impact on global passenger traffic in 2020 and 2021, causing a decline in the aviation industry.

2. Fortunately, the aviation industry has shown signs of recovery since 2022 and has gradually returned to its pre-pandemic level. Various organizations such as IATA, ICAO, ACI, UNWTO, WTO, and IMF have reported improvements in international air passenger traffic compared to the previous year. In June 2022, there was a remarkable increase of 229.5% in international air passenger traffic compared to June 2021, and the revenue passenger kilometers (RPK) reached 65% of the level recorded in June 2019.

3. The growing number of individuals choosing air travel has led to increased pressure on airports and airlines to adopt advanced systems that can enhance their ground operations and reduce aircraft turnaround time. To achieve this, airports are incorporating various technologies such as integrated sensors, smart baggage tags, biometric check-ins, and AI-driven predictive analysis. These technologies not only improve efficiency and connectivity but also provide valuable insights into airport operations and performance measurement through key performance indicators (KPIs). As a result, the integration of these technologies is expected to drive the growth of the airport information systems market.

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