Intelligent Airways Transportation System Market
A new market study, titled “Intelligent Airways Transportation System Market” has been featured on Market Research Future.
According to Market Research Future (MRFR), the global intelligent airways transportation system market is estimated to grow to USD 21.5 billion at an estimated CAGR of 11.5% from 2016 to 2022 (forecast period). The report provides a summary of the market opportunities and market implications that emerged as a result of the COVID-19 pandemic.
The intelligent airway transport system enables the use of information technology to manage the services provided by airways. The airways rely on the radio network and the GPS system to efficiently implement the intelligent transport system. The intelligent airways transport system is primarily powered by its ability to provide high passenger safety and high customer service.
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Market Dynamics
The market will increase with the rise in the adoption of the Internet of Things in the airways system. Increased developments in internet services are also leading to the development of the market for intelligent airway transport systems. Increased use of airways across all means of transportation has resulted in efficient and timely management of services, such as the passenger empowerment system/solution. This solution can deliver a new level of customer service experience and reduces concerns in the airport terminal. Artificial intelligence and data science were used to initiate the following process in order to achieve measurable benefits for the proper functioning of airports and airlines. The systems' ability helps to control air traffic between destinations and even near airports, thereby contributing to the growth of the intelligent airways transport market. Whereas, the growing need for the adoption of an intelligent airway transport system also helps to improve customer experience and security by making travel more personal and seamless by offering end-to-end service.
Factors such as availability and congestion, high gradation costs, and resource outages are some limitations for the growth of this sector. In contrast, increasing disposable income among individuals and rising demand for various technological solutions among airlines in need of cross-domain applications can open up some opportunities for market growth.
Market Segmentation
The global market for intelligent airways transportation system has been segmented based on component, deployment, and technology.
Based on components, the global market for intelligent airways transportation system has been segmented into hardware and software. The hardware segment is further divided into sensor, display units, closed circuit cameras, networking devices, and others. The software segment includes the backend integration various device.
Based on deployment, the global market for intelligent airways transportation system has been segmented into on cloud and on-premises.
Based on technology, the global market for intelligent airways transportation system has been segmented into passenger empowerment, smarter baggage solutions, data science, biometric-enabled self-service, robotics, and artificial intelligence, and others.
Regional Analysis
By region, the global market for intelligent airways transportation system has been segmented into North America, Europe, the Asia Pacific, and the Middle East & Africa.
North America is expected to boost the market as a result of intensive research and development in airline-related smart technology, high penetration of the Internet of Things, and the growth of a range of IoT and cloud-related technologies in the region. The North American region is projected to have the largest market share with the presence of early-stage technology adopters in the region. The region also has the involvement of technologically advanced countries such as the U.S. and Canada that facilitate the development of the market for intelligent airway transport system.
Europe has benefited most from the government's comprehensive airport automation initiatives.
The Asia Pacific market is projected to see the highest growth due to a steady increase in the number of operating airports, growing demand for airport information systems, growing acceptance of advanced airport technologies, and an improved baggage handling system.
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Intelligent Airways Transportation System MarketThe intelligent airways transportation system market growth is primarily fueled by its ability to provide high security for the passengers as well as the high service quality to the customers.
The market will also experience further lavish growth pattern owing to the growing adoption of internet of things in the airways system.
On that note, the increasingly popular trends of internet services will be contributing heavily to the development of the global intelligent airways transportation system market.The growing use of airways transport out of all the modes of transportation is creating an effective as well as timely management of services, for instance passenger empowerment system/solution.
Furthermore, this solution holds immense potential when it comes to offer a new level of customer service experience and also supports to remove the anxiety in the airport terminal.The demand for intelligent transportation system in airways is increasing, owing to the need for better customer experience as well as their security, thereby making the travel personalized and smoother with the offering of end to end service.
Also, the growing requirement of real time information by these intelligent technologies is one of the prominent factors responsible for smooth flow of communication in airports.
In summary, the combination of all these factors will most likely create numerous growth opportunities for the intelligent airways transportation system market in the coming years.Market SegmentationThe market for intelligent airways transportation system is segmented on the basis of component, deployment and technology.Component-wise, the intelligent airways transportation system market is considered for hardware and software.
Intelligent Airways Transportation System Market ForecastThe intelligent transportation systems are gaining huge importance in the airways sector.
Growing demand of integrated ticketing leads to the adaptation of paperless systems.
With the adaptation of this technology it reduces the dependence of cash and paper which on the other side helps to improve the journey experience and will thus gain the momentum.
The concept of single ticketing, regardless of the mode of transportation has become a reality with the help of adoption of smart solutions.The Intelligent transportation systems for airways are used for managing the record of travelers with the help of passenger information system solution, which are further utilized for maintain the database for travelers using the service, for transportation.
With the help of various other solutions such as airway traffic management systems and advanced security management system it also ensures the security to the passengers both at the airport and while in aircraft.
The intelligent transportation system facilitates the real time information about the timing of the airlines and the platform numbers from all modes such as display screen on stations, websites, mobile applications and real time SMS services among others.The airway intelligent transport system help the travelers in the effective planning of their travel journey.
Market Scenario: The intelligent airways transport system facilitates the use of information technology for managing the services provided by the airways.
The airways relies on the radio network and the GPS system for effective implementation of intelligent transportation system.
The intelligent airways transportation system is majorly driven by its ability of providing high security for the passengers and high service quality to the customers.
The ability of the systems helps to regulate the air traffic between the destinations and also near airports which therefore help in the growth of intelligent airways transportation market.
Raising need of real time information by these intelligent technology is one of the major factor in airports for smooth flow of communication.The global Intelligent Airways Transportation System Market is expected to grow from US ~$11.18 Billion in 2016 to US~$ 21.5 Billion by 2022, at an estimated CAGR of 11.5%.
Whereas, increasing disposable income among individuals and growing demand of various technological solutions among airlines in the need of cross domain applications can open up some opportunities for the growth of the market.Key Players The prominent players in the market of Intelligent Airways Transportation System market are – Amadeus IT Holding S.A. (Spain), CISCO Systems Inc.(U.S.), Indra Sistemas S.A. (Spain), International Business Machines Corporation (IBM) (U.S.), NEC Corporation (Japan), Rockwell Collins Inc.(U.S.), Siemens AG (Germany) , SITA (Switzerland), Unisys Corporation (U.S.), Honeywell Corporation Inc. (U.S.) among others.Segments:The Global Intelligent Airways Transportation System market has been segmented on the basis of component, deployment and technology.
The new research report titled "Intelligent Transportation System Market, Global Industry Analysis, and Forecast to 2027" gives a detailed analysis and future forecasts of the market.
The report highlights the significant players, including market size, share, and demand, development.
This report further covers the latest trends, technological advancements, and growth opportunities.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the intelligent transportation system market include Affiliated Computer Services, Inc., Denso Corporation, Agero, Inc., Addco Llc, Lanner Electronics, Inc., Nuance Communications, Inc., Ricardo Plc, Sensys Networks, Inc., Telenav, Inc., Efkon AG and Thales Group.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers& acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Intelligent Transportation System Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/intelligent-transportation-system-market/download-sampleMarket DynamicsThe increasing number of mega cities, the population growth and recent government initiatives on transport and traffic management, are the important driving factor for the market growth.
The intelligent transportation system market is expected to accelerate growth over the forecast timeline due to an increase in the adoption of smart transport systems by people to reduce traffic jamming problems and favorable government initiatives on smart transport infrastructure.
