The strategy of contracts was adopted by the market players to achieve growth in the Airport Information Systems Market
The airport information systems market report covers all types of airport information systems used at airports. The airport information systems market is projected to grow from USD 3.69 billion in 2018 to USD 4.37 billion by 2023, at a CAGR of 3.41% from 2018 to 2023. Increasing air passenger traffic and ongoing airport modernization activities are driving the growth of the airport information systems market across the globe.
Key players operating in the airport information systems market are SITA (Switzerland), Thales Group (France), Rockwell Collins (US), Indra Sistemas (Spain), and IBM (US), among others. These companies have their manufacturing facilities in the North American, European, and Asia Pacific regions. These key companies have adopted the strategies of contracts, new product launches, agreements, acquisitions, and partnerships, among others to increase their shares in the airport information systems market.
SITA was founded in 1949 and is headquartered in Geneva (Switzerland). The company has a broad services portfolio and a wide customer base in the airport information systems market. It offers its products and services to over 1,000 airports, worldwide. The innovative R&D department of the company helps it to enhance its competitive position in the commercial aviation market. In August 2018, SITA received a contract from the General Authority of Civil Aviation (GACA) of Saudi Arabia for the implementation of information and communication technology across 26 airports in the country.
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Thales Group focuses on providing innovative airport information systems and services to its customers. It has been successful in maintaining a leading position in the airport information systems market, primarily through a series of partnerships undertaken by it. The enhanced supply chain performance of the company helps it to obtain resources from various suppliers, thereby enabling it to deliver quality products to its customers. The strong foothold of Thales in the defense sector enhances its growth prospects. In June 2017, Thales signed a 3-year contract with the New York JFK International Airport to upgrade the security operations center situated at Terminal 4 of the airport.
Rockwell Collins has a strong foothold in the aviation industry, and it offers a wide array of aviation solutions for both, commercial and military platforms. The company mainly focuses its efforts on the technological advancements and innovations in the aviation solutions. In 2017, the company acquired the US-based B/E Aerospace. This acquisition enabled Rockwell Collins to expand its portfolio of cabin interior products for commercial, military, and business jets as well as enhance its market presence. The company has established its business centers in the UK, India, Brazil, and Saudi Arabia to widen its customer base. In March 2017, Rockwell Collins introduced ARINC cMUSE, a next-generation cloud-native Common Use Passenger Processing System (CUPPS), which is installed at the Ottawa International Airport in the US.
Related Reports:
Airport Information Systems Market by End Use (Passenger, Non-Passenger), Type (Airside, Terminal Side), Airport (Class A, B, C, D), Application (Finance & Operations, Maintenance, Ground Handling, Security), Region - Global Forecast to 2023
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