Press release
Global Intelligent Airways Transportation Market Projected to Surpass $28.96 Billion by 2029 with 8% Annual Growth
Intelligent Airways Transportation Market Size
The intelligent airways transportation market is anticipated to grow, driven by an increase in the utilization of air travel amidst all transportation methods. This rise in air travel means more individuals are selecting it as their preferred mode of transit for both passenger and cargo transport. Intelligent airways transportation offers heightened safety, enhanced efficiency, an improved customer experience, and cost savings. For instance, per the International Air Transport Association, a Canada-based global airline trade association, total air traffic increased by 55.5% in February 2022 compared to 2021. Furthermore, in 2022, international and domestic traffic increased by 89.7% and 25.2% compared to the previous year. Hence, the surge in the adoption of air travel amongst all transport methods is steering the growth of the intelligent airways transport market.
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What is the future CAGR of the intelligent airways transportation market, and how will it impact industry expansion?
The market size for smart air transportation has seen substantial growth recently. There is a predicted rise from $19.49 billion in 2024 to $21.1 billion in 2025, with a compound annual growth rate (CAGR) of 8.3%. This growth within the historical period can be ascribed to the premature use of RFID and barcoding, the emergence of early AI systems, the initiation of biometric verification, the rise of IoT within aviation, and the first steps towards sustainability.
In the coming years, the intelligent airways transportation market is projected to experience robust growth, expecting to reach a value of "$28.96 billion by 2029 with a compound annual growth rate (CAGR) of 8.2%. This anticipated growth during the forecast period can be associated with factors such as customer expectations and satisfaction, green and sustainable initiatives, data analysis and decision-making, cybersecurity and risk management, as well as overall market growth and expansion. Key trends expected to emerge during this forecasted period encompass automation and robotics, interconnectedness of the Internet of Things (IoT), artificial intelligence (AI) and predictive analytics, smart infrastructure and sensors, biometrics and security, as well as energy efficiency and sustainability.
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What are the most significant trends transforming the intelligent airways transportation market today?
The uptake of smart technologies is increasingly becoming a major trend in the intelligent airways transportation market. To retain market dominance, firms in the intelligent airways transportation sector are embracing and directing funds into smart technologies. For example, Société International de Telecommunications Aéronautiques (SITA), a Swiss firm that offers IT services, collaborated with Versa Networks in October 2022 to unveil ITA Connect Go technology. This multi-tenant edge secure software-defined wide area network (SD-WAN) solution was specifically crafted for the air transport sector. This multi-cloud technology offers cloud access and virtualized infrastructure at airports to ground handlers, multiple airlines and additional tenants.
Which key market segments comprise the intelligent airways transportation market and drive its revenue growth?
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
Subsegments:
1) By Hardware: Sensors, Cameras, RFID Tags, Communication Systems, Display Systems
2) By Software: Air Traffic Management Software, Airport Operations Management Software, Passenger Management Software, Security Management Software, Data Analytics Software
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What regions are at the forefront of intelligent airways transportation market expansion?
North America was the largest region in the intelligent airways transportation market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global intelligent airways transportation market during the forecast period. The regions covered in the intelligent airways transportation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the leading players fueling growth in the intelligent airways transportation market?
Major companies operating in the intelligent airways transportation market include 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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What Is Covered In The Intelligent Airways Transportation Global Market Report?
• Market Size Forecast: Examine the intelligent airways transportation market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the intelligent airways transportation market for a structured understanding.
• Key Players Overview: Analyze major players in the intelligent airways transportation market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the intelligent airways transportation market.
• Segment Contributions: Evaluate how different segments drive overall growth in the intelligent airways transportation market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the intelligent airways transportation market.
• Industry Challenges: Identify potential risks and obstacles affecting the intelligent airways transportation market.
• Competitive Landscape: Review strategic developments in the intelligent airways transportation market, including expansions, agreements, and new product launches.
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