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Global Intelligent Airways Transportation System Market – OverviewGlobal intelligent airways transportation systems market is expected to grow USD 21.5 Billion by 2023 at an CAGR of 11.5% The intelligent airways transportation system uses the information technology for managing the services related to airways which helps in providing effective solution and greater convenience for the travellers across the globe. Some of the drivers that are boosting the market are increasing growth of Internet of Things (IoT) in the airways system, and rising need to provide high security with service quality for the passengers. The growing adoption of Internet services and increasing use of airways transport among all modes of transport has increases the growth of global intelligent airways transportation system. market over the assessment period.
Increment in the disposable income of individuals among emerging economies and growing demand of various technological solutions among airlines is expected to explore the opportunities for the global Intelligent Airways Transportation System Market. On the other hand, high installation and maintenance cost of intelligent transportation system may hamper the growth of the market over the next few years.
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.
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Segments:
The Global Intelligent Airways Transportation System market has been segmented on the basis of component, deployment and technology. Component comprises of hardware such as sensor, display units, closed circuit cameras, networking devices and others. Whereas, software includes the backend integration various device. Deployment comprises of on cloud and on premises and technology is further split into passenger empowerment, smarter baggage solutions, biometric-enabled self-service, data science, robotics and artificial intelligence and others.
Regional Analysis
North America is expected to propel the market due to the intense research and development in the field of smart technology related to airlines, high penetration of Internet of Things, and growth of a number of IoT and cloud related technology in the region. Europe has been benefitted mainly due to the extensive initiatives for airport automation by government. Whereas, Asia Pacific market is expected to witness the fastest growth due to the steady rise in the number of operating airports, increasing demand for airport information systems, growing adoption of innovative airport technologies, and enhanced system of baggage handling.
North America region is expected to hold a highest market share with the existence of early technology adopters in the region. The region also has existence of technologically advanced countries such as U.S. and Canada which are promoting the application related intelligent airways transportation system market.
Industry News
July 2018, Brisbane Airport extends partnership with SITA.
Brisbane Airport, which is the third busiest airport in Australia has selected SITA as a technology partner. By this partnership, the Brisbane airport would be able to implement technology provided SITA for the growth and expansion plan of the airport.
June 2018, INDRA Sistemas S.A and Universidad Politécnica de Madrid UPM established Innovation hub for the improvement of smart city management.
By this establishment, the innovation hubs aims to improve smart city management that includes solutions for efficient water management with the help of support system in traffic accidents based on drones and implementing management models for cities.
May 2016, Agreement between Unisys Cloud Based Cargo Systems and Air Canada.
Unisys Corporation, and Air Canada, largest provider of air cargo services, has agreed to work together for the cloud-based Unisys Logistics Management (LMS) to manage its domestic and international cargo devices.
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Intended Audience
• Airport Authorities
• Airport Technology Vendors
• Airport IT Solution Provider
• Airline Operators
• Airport Planners
• Research institutions
• Technology investors
• IT firms
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Release ID: 408938