Airport IT Market in the US - Market Analysis 2015-2019
Airport IT Market in the US – Market Analysis 2015-2019
Covering:This report segments the airport IT market in the US by solution type (operational systems and passenger processing systems). It also includes the competitive analysis of key vendors such as Amadeus IT Group, Ikusi, Rockwell Collins, SITA, and Ultra Electronics Airport Systems. Market scope of the airport IT in the US
Technavio’s market research analyst predict that the airport IT market in the US is expected to reach $1.5 billion by the end of 2019. The key growth drivers in this market are growing numbers of passenger and cargo air traffic and the need to improve the air passenger experience.
Airports are increasingly embracing technology solutions to improve their operational efficiency, improve passenger experiences, reduce operational costs, and boost revenues.
Technavio analysts expect the airport IT market in the US to show significant growth potential during the forecast period. CIOs of many airports in the US seek to increase the percentage spending of their airport revenue on IT annually.
The US passengers are faster in embracing travel-related technology as most of them prefer self-service technology options and mobile devices for booking flights, purchasing tickets, check-in, boarding, and baggage handling.
The market is experiencing significant spending on technology related to passenger processing, airport operations, baggage handling, and security. Development activities such as airport expansions, constructing new terminals, upgrading of systems, and establishing new airports to improve country’s economy and support the increasing air traffic are fuelling market growth.
Competitive landscape and key vendors
The airport IT market in the US has the presence of several small and large players. The market competition is likely to intensify as several players enter the market, considering the market potential.
Vendors can increase their profitability by offering cost-effective services such as self-service options (self-service check-in, self-bag drop, and self-boarding), mobile, and web services. Also, airport operators expect value-added services such as consultancy, integration of solutions, support and maintenance, and airport staff training to address opportunities and risks.
The leading companies in the airport IT market in the US are -
Technavio Announces the Publication of its Research Report – Airport IT Market in the US 2015-2019
Technavio recognizes the following companies as the key players in the Airport IT Market in the US: Amadeus IT Group, Ikusi, Rockwell Collins, SITA and Ultra Electronics Airport Systems
Other Prominent Vendors in the market are: AirIT, Atos, Bosch Security Systems, Capgemini, CGI, Damarel, Gatekeeper Systems, iFIDS.com, Indra, INFORM, Lockheed Martin, NEC, Northrop Grumman, Passur, RESA, Saab Sensis, Siemens, Travelsky, and UFIS Airport Solutions.
Commenting on the report, an analyst from Technavio’s team said: “Social media provides an effective platform for airports and airlines to continuously engage in real time with their passengers and other customers. The use of social media has helped airport operators to personalize their communications with customers to build strong customer relationships, which has the potential to boost revenues. It can be used for flight status notifications and retail promotions.”
According to the report, airports are now focused on advanced technologies to meet the rising service expectations from air passengers and to improve the end-user experience at airport facilities. The growing mobility of the global workforce, coupled with seasonal tourist traffic, has increased continuous travel and, subsequently, the passenger traffic significantly at most airports. Managing passenger experience during transit and travel has become essential for airports that seek to boost revenues by converting satisfied passengers into repeat customers.
Further, the report states that the growing use of various technologies has complicated operational systems, boosted the interdependence of stakeholders in sharing available IT resources, and increased market demand for qualified IT professionals. In addition, the short life cycles typically found in IT systems have added to the complexities.
Amadeus IT Group, Ikusi, Rockwell Collins, SITA and Ultra Electronics Airport Systems, AirIT, Atos, Bosch Security Systems, Capgemini, CGI, Damarel, Gatekeeper Systems, iFIDS.com, Indra, INFORM, Lockheed Martin, NEC, Northrop Grumman, Passur, RESA, Saab Sensis, Siemens, Travelsky, UFIS Airport Solutions.
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