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Technavio’s market research analysts have predicted that the global airport display systems market will grow steadily and post a CAGR of more than 5% during the forecast period. The implementation of new-age telecommunication technologies is one of the major factors driving this market’s growth. Telecommunication technologies are constantly evolving which has resulted in better and more efficient services. This market is directly impacted by network availability; therefore, telecommunication technologies play a significant role in the growth of the airport displays systems market. With the introduction of 4G and long-term evolution (LTE) technologies, the airport operators can provide better connectivity, which improves the quality of customer service, which will in turn, drive the airport display systems market in the coming years.
One of the recent trends gaining traction in the market is the introduction of assistive technologies for disabled passengers. Passengers with restricted mobility or visual impairment require special assistance from both airport authorities and airlines. Therefore, airport operators are seeking alternative approaches to help passengers with such disabilities. To address such challenges, the airport authorities use combination of products and services, which is termed as assistive technology, to enhance the experiences of passengers with special needs. Assistive technology solutions are used in different situations for different purposes and include mobility solutions, communication systems, and a support for visual or hearing impairments, for example, Apple's iBeacon helps Bluetooth low-energy (BLE) devices (smartphone and tablets) to capture and transmit signals and messages from iBeacon-compatible hardware transmitters (beacons) in the physical world and respond accordingly.
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The global airport display systems market is characterized by the presence of many global, regional, and local vendors. moderate competition among the vendors. The market is highly competitive with the vendors competing to gain the maximum market share. Intense competition, frequent changes in government policies, rapid advances in technology, and environmental regulations are key factors that confront the market growth. The vendors compete on the basis of product quality, reliability, cost, and aftermarket service. Therefore, it is imperative for the vendors to provide cost-effective and high-quality display systems to survive and succeed in an intensely competitive market environment.
Key vendors in this market are -
Other prominent vendors in the market are Amadeus, Ikusi, International Business Machines, Northrop Grumman, and SITA.
In terms of revenue, the airport operation control center (AOCC) led the market and will continue to dominate the market over the next four years. The passenger and non-passenger software systems are independent and have a parallel impact on the growth of the entire market. AOCC is an essential part of both these software systems. It obtains information about flight movement from air traffic control (ATC) systems and sends it to the AODB, which transfers the information to the FIDS for display on screens at airport terminals. The airport authorities have made significant investments at the crucial functions of AOCC, which will boost this segment’s growth until the end of 2021.
In terms of geography, the Americas led the global airport display systems market and will continue to lead the market over the next four years. North America spends heavily on its aviation sector owing to the region's technological innovations. Although countries like Canada, Argentina, and Brazil have made significant investments in the development of these systems, the market is primarily dependent on the US. In the coming years, the passenger traffic is expected to surge in the region, which will directly impact this market’s growth in the Americas.
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PART 1: Executive summary
PART 2: Scope of the report
PART 3: Market research methodology
PART 4: Introduction
PART 5: Market landscape
PART 6: Market segmentation by function
PART 7: Geographical segmentation
PART 8: Market drivers
PART 9: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Appendix
PART 15: Explore Technavio
Tags: display unit, led display, aerospace industry, aerospace components, airport display systems market analysis, aerospace and defense segmentation analysis,
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