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Intelligent Airways Transportation Market Size Forecast: $28.54 Billion by 2029 | Global Outlook
Intelligent Airways Transportation Market
What Is the Projected Market Size Valuation of the Intelligent Airways Transportation Market by 2025?
The market size for intelligent airways transportation has seen robust growth recently. The transition predicted is from $19.49 billion in 2024 to $20.97 billion in 2025, translating to a compound annual growth rate (CAGR) of 7.6%. Year-on-year growth in the historic period is credited to early adoption of technologies like RFID and barcoding, advancements in preliminary AI systems, the inception of biometric authentication, the rise of IoT in the aviation sector, and commencement of sustainability methods.
What Is the Estimated Market Growth Value for the Intelligent Airways Transportation Industry in 2029?
The size of the intelligent airways transportation market is anticipated to experience significant growth in the coming years, expanding to $28.54 billion in 2029 with a compound annual growth rate (CAGR) of 8.0%. Several factors contribute to this projected growth during the forecast period, including customer expectations and experiences, sustainability and green initiatives, cybersecurity and risk management, data analytics and decision making, along with market growth and expansion. In terms of trends, the forecast period will see a rise in automation and robotics, IoT and connectivity, 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 Growth Drivers and Opportunities in the Intelligent Airways Transportation Market?
The surge in the use of air travel as a preferred mode of transportation, for both passengers and freight, is projected to fuel the growth of the intelligent airways transportation market. With increased air travel usage, the need for intelligent airways transportation becomes more obvious. This technology offers enhanced safety, greater efficiency, an upgraded passenger experience, and cost savings. For example, data from the International Air Transport Association, a global trade association for airlines based in Canada, revealed that in February 2022, total air traffic surged by 55.5% compared to 2021. Furthermore, there was an increase of 89.7% and 25.2% in international and domestic traffic respectively in 2022, with reference to 2021. As a result, this increased reliance on air travel as the primary form of transportation is invigorating the expansion of the intelligent airways transport market.
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What Are the Primary Segments Covered in the Global Intelligent Airways Transportation Market Report?
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
What Are the Top Growth Trends in the Intelligent Airways Transportation Market?
Smart technologies are emerging as major trends in the intelligent airways transportation market. To maintain their market standing, firms in this industry are investing and integrating these smart technologies. For instance, Société International de Telecommunications Aéronautiques (SITA), an IT services provider company based in Switzerland, in collaboration with Versa Networks, introduced a new technology named ITA Connect Go in October 2022. This technology, which is an edge secure software-defined wide area network (SD-WAN) solution, caters specifically to the air transport sector. Serving as a multi-cloud technology, it offers cloud access and virtualized infrastructure at airports to a wide range of users including airlines, ground handlers, and other tenants.
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Which Companies Are Shaping the Future of 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
Which Region Holds the Largest Market Share in the Intelligent Airways Transportation Industry?
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.
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