Research and Markets said it has added the “Airport Information Systems Market – Global Forecasts to 2020” report to their offering.
The global airport information systems market in this report is divided into five major regions, namely, North America, Europe, Asia-Pacific, the Middle East, and the rest of the world (RoW). The total airport IT expenditure has increased from USD 4.3 Billion in 2010 to USD 6.8 Billion in 2014 and this has fueled growth of the global airport information system market.
The North American region is estimated to lead the global airport information systems market in 2015 by accounting for a market share of 40.8 percent. It is expected to be followed by the European and Asia-Pacific regions, which are estimated to account for market shares of 25.2 percent and 19.1 percent, respectively. The North American airport information system market is projected to grow at a CAGR of 5.0 percent during the forecast period.
The increasing passenger traffic in the emerging countries, such as China and India is driving the growth of the airport information system market in the Asia-Pacific region. The Asia-Pacific market is projected to grow at the highest CAGR of 8.5 percent during the forecast period while the European airport information system market is estimated to grow at a CAGR of 5.5 percent.