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due in part to the many expansions over the recent years to out of date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?
http://qwtjlive.com/2016/02/global-market-is-expected-to-reach-by-the-year-2022-5/4582/
http://www.grandviewresearch.com/industry-analysis/airport-information-systems-market
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