From GlobeNewswire: 2024-07-26 03:30:00

Exactitude Consultancy, a research firm, has published a report on the Airport Information Systems Market, forecasting growth from USD 3.68 billion in 2023 to USD 5.23 billion by 2032 at a CAGR of 3.58%. As demand for AIS rises, airports are investing in AI and passenger-focused technology to enhance operational efficiency and improve the passenger experience. Major airports like Hong Kong International are implementing biometric systems for streamlined processes and enhanced security. The surge in AIS demand is driven by airport development projects, increased air traffic, and growing passenger numbers. The market is also benefiting from substantial IT investments from airlines, totaling USD 50 billion in 2018. However, the high costs of advanced technologies and compliance with data sharing regulations are major challenges hindering market growth. North America led the global AIS market in 2023, with significant growth expected in the Asia Pacific region due to rapid urbanization and increased air traffic. Europe and the Middle East are also projected to see moderate growth in the AIS market in the coming years. Key players in the market include Honeywell International, IBM, Siemens, and Thales Group. Major airport developments include AI-driven flight information systems, IoT-based baggage handling systems, and biometric security systems, all aimed at enhancing operational efficiency and passenger experience. Dubai International Airport has completed a smart terminal project with fully automated check-in and boarding processes. London Heathrow Airport is optimizing operations with a cloud-based A-CDM platform from SITA.



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