Intelligent Airways Transportation System Market Research
Intelligent airway transport system market is expected to grow at CAGR of ~11.5% during the forecast period and expected to reach market size of USD ~21.5 Billion by the end of forecast period. The intelligent airway transport system market is gaining importance with the increase in adoption of intelligent airway transportation system by the public and private airway authorities all over the world. The increased need of surveillance of passengers for their safety and for providing them with convenient transportation facilities is driving the market. The market is gaining importance with its facility of providing real time information of the airlines and related airway services. The users get benefit in terms of saving their time and availing cost effectiveness by implementation of this technology.
The airways is adopting various tools as a part of intelligent airways system such as the display screens on the airports and in domestic & international airports for providing information about the next stop. The implementation of intelligent airways transportation system helps in ensuring safe drive of airlines even in adverse climatic conditions and prevents airlines from accidents. The use of systems during landing and takeoff of aircraft and during bad weather crossings is also boosting the growth of the intelligent airways transport system markets.
Growth Boosters and Main Barriers
The intelligent airways transportation system market forecast by MRFR reveals the top growth boosters to be the rising demand for IATS owing to its ability to offer high security as well as high service quality to passengers. The high popularity airways transport out of all the modes of transportation calls for high efficiency and timely management of services, including passenger empowerment system/ solution. IATS helps provide an enhanced level of customer experience by removing the scope of anxiety generally prevalent in airport terminals.
Frequent technological advancements are leading to the rapid upgradation of airport equipment that helps facilitate efficiency as well as the safety of the airways. The system makes extensive use of information technology for managing all kinds of airway services. Surging adoption of the latest technologies combined with the fast-paced development in artificial intelligence technology can be of significant help to air traffic organizations, by taking care of the crucial elements of airways transportation systems. With that said, the high cost of upgradation coupled with the lack of resources can slow down the ongoing growth rate of the intelligent airways transportation system market in the coming years.
On the bright side, the soaring need for real-time information that can only be offered by intelligent airways transportation systems can work in favor of the market. The trend of internet of things (IoT) and the accelerated demand for enhanced security and service quality during air travel can lead to tremendous growth of the intelligent airways transportation system market in the following years.
Market Segmentation
The Intelligent Airways Transportation System market research identifies the primary segments as component, deployment, and technology.
The primary components discussed in the report are hardware and software. The hardware segment comprises display units, sensor, networking devices, closed circuit cameras, and others. The software segment includes the backend integration various device.
Deployment-based segments are on cloud as well as on-premises.
The technology-wise market segments are smarter baggage solutions, robotics, and artificial intelligence passenger empowerment, data science, biometric-enabled self-service, and others.
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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.
