The global airport information system market is largely consolidated with top five players holding nearly 86% of the overall market in 2015, reveals Transparency Market Research (TMR) in a new report. However, there exists several small players that provide software solutions at competitive prices, thereby intensifying competition in this market. Both large and small players are engaged in R&D to develop software solutions to serve domestic and international airports that meet functional and cost considerations. These efforts are likely to translate into notable growth of the market in the years ahead, notes the study.

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Key companies having presence in the global airport information system market include SITA, Rockwell Collins Inc., Amadeus IT Group SA, and Siemens Postal, Parcel & Airport Logistics, Resa S.A.S., and Velatia S.L.

According to the TMR report, the global airport information system market is predicted to attain a value of US$46,950.6 mn by 2024 end, rising at a CAGR of 7.2% between 2016 and 2024. By solution type, the segment of baggage processing currently leads the market and is likely to continue to remain at the fore. However, flight information and passenger processing segments are predicted to expand at a faster growth rate between 2016 and 2024. By geography, North America currently leads the airport information system market; the region held nearly 30% of the overall market in 2016. However, Asia Pacific is predicted to outdo in terms of growth rate between 2016 and 2024. The growth of this market is mainly because of a booming IT industry in India and China.

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