Press release
Intelligent Airways Transportation Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region
Intelligent Airways Transportation Market
The Business Research Company offers in-depth market insights through Intelligent Airways Transportation Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The intelligent airways transportation market size has grown strongly in recent years. It will grow from $18.27 billion in 2023 to $19.89 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The growth in the historic period can be attributed to early adoption of rfid and barcoding, development of early ai systems, introduction of biometric authentication, emergence of iot in aviation, initial steps in sustainability.
The intelligent airways transportation market size is expected to see strong growth in the next few years. It will grow to $27.33 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to customer expectations and experience, sustainability and green initiatives, cybersecurity and risk management, data analytics and decision-making, market growth and expansion.. Major trends in the forecast period include automation and robotics, iot and connectivity, ai and predictive analytics, smart infrastructure and sensors, biometrics and security, energy efficiency and sustainability..
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Market Segmentation:
The intelligent airways transportation market covered in this report is segmented -
1) By Component: Hardware, Software
2) By Technology: Robotic And Artificial Intelligence, Data Science, Biometric Enables Self-Services
3) By Deployment: On Cloud, On Premises
4) By Application: Passenger Empowerment, Smarter Baggage Solutions, Biometric-enabled Self-service, Other Applications
Major Driver - Surging Air Travel Boosts Growth In The Intelligent Airways Transportation Market
The increasing use of airways transport among all modes of transportation is expected to propel the growth of the intelligent airways transportation market going forward. The increasing use of airways refers to more people choosing air travel as their preferred mode of transportation for both passenger and freight transportation purposes. Intelligent airways transportation provides improved safety, improved efficiency, enhanced customer experience, and saving costs. For instance, in April 2023, according to the International Air Transport Association, a Canada-based trade association of airlines across the globe, in February 2022, the total air traffic has risen 55.5% as compared to 2021. In addition, in 2022, international traffic and domestic traffic rose by 89.7% and 25.2% respectively as compared to 2021. Therefore, increasing the use of airways transport among all modes of transportation is driving the growth of the intelligent airways transport market.
Competitive Landscape:
Major companies operating in the intelligent airways transportation market report are Amadeus IT Holding S.A., Cisco Systems Inc., Indra Sistemas S.A., International Business Machines Corporation, Nippon Electric Company Limited, Siemens AG, Rockwell Collins Inc., Société International de Télécommunications Aéronautiques, Unisys Corporation, Honeywell International Inc., Zhongxing New Telecommunications Equipment Co. Ltd., Microsoft Corporation, Oracle Corporation, Thales Group Inc., Raytheon Technologies Corporation, Saab AB, L3Harris Technologies Inc., Frequentis AG, ADB SAFEGATE, Northrop Grumman Corporation, Saipher ATC, Lockheed Martin Corporation, Airbus SE, Adacel Technologies Limited, SkySoft-ATM, Threod Systems, Intelcan Technosystems Inc., Leonardo S.p.A., ALTYS Technologies, Skygyuide
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Top Trend - Smart Technologies Spearhead Advancements In The Intelligent Airways Transportation Market
Smart technologies are the key trends gaining popularity in the intelligent airways transportation market. Companies operating in the intelligent airways transportation market are adopting and investing in smart technologies to sustain their position in the market. For instance, in October 2022, Société International de Telecommunications Aéronautiques (SITA), a Switzerland-based information technology services provider company in partnership with Versa Networks launched ITA Connect Go technology. The technology is a multi-tenant edge secure software-defined wide area network (SD-WAN) solution specifically designed for the air transport industry. This technology is a multi-cloud technology that provides virtualized infrastructure and cloud access at airports to ground handlers, several airlines, and other tenants.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Intelligent Airways Transportation Market Characteristics
3. Intelligent Airways Transportation Market Trends And Strategies
4. Intelligent Airways Transportation Market - Macro Economic Scenario
5. Intelligent Airways Transportation Market Size And Growth
…..
27. Intelligent Airways Transportation Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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