A lot goes into planes taking off and landing at various airports around the globe. Information systems plays a large role. In fact in 2015 the Global Airport Information Systems Market accounted for 3.03 billion dollars. That number is expected to increase over the next 4 years to around 4.39 billion.
There could be many reasons that the industry is beginning to boom and at such high rates. The article points to the fact that more people are traveling by plane which is increasing the passenger traffic. Plane status’ have to be up to date as well as other real time information that you expect to get at the airport. With more and more flights going out all of the time there has to be a way to be able to track it all at close to a real time speed. The technology that they are developing to pave the path is the reason for the huge increases in this industry.
In addition to the boom of the industry the article also points out that it could be doing even better if it weren’t for regulations. As one can imagine the cost of the equipment to run all of this unique technology costs a ton and those prices are restraining the markets growth. Like in many cases emerging countries are huge growth opportunities for companies to get into. Again, there are problems there as well. The article mentions management of big data sets as a primary example why they are having trouble expanding. For one thing, the people in some of these countries may not be educated enough to work the complicated systems because I don’t think companies such as Ultra Electronics Holdings would have trouble implementing their design anywhere.
It is being predicted that North America will hold the biggest share of the airport information systems market for last year. This is due in part to the many expansions over the recent years to out of date airports. Sometime in the near future it’s expected that Asia will experience the highest growth for the same reason the industry is taking off, more air traffic. Personally, I think that a lot of the world’s growth is happening in Asia to begin with. Many of the world’s highest GDP numbers come from there. In addition to that Asia is the largest continent with the largest population. There is bound to be more air traffic creating an increase in the industry.
The article took a very narrow glance at why some companies have trouble expanding into emerging economies and I think that’s something we really need to know more about. Also how was this industry doing in the last 5-10 years? Was it dong just as well or is it just beginning to ramp up? Lastly, with increased worry around the world of terrorist threats, are there technologies being developed to try and stop them and will the threats stop travel and possibly slow the rapid growth?