Intelligent Airway Transport System (IATS) Market is Growing at CAGR of 11.5% and Expected to Reach USD 21.5 Billion by 2022

“IATS Market”
Global Intelligent Airways Transportation Market, By Component (Hardware, Software), By Deployment (On Cloud, On Premises), By Technology (Robotic and artificial intelligence, Data Science, Biometric enables self-service – Forecast 2022

Market Highlights

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.

 

Key Players

  • 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.)

 

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Intelligent Railway Transport System Market 

The Global Intelligent railway transport 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.

 

Market Research Analysis:   

Market Research Future Analysis shows that the emission control harmful gases has gained outmost importance in developing the airways intelligent transport system. The increasing awareness of the people towards environment protection is facilitating the growth of this market. The increasing awareness towards global warming among all the nations worldwide has compelled the airways authorities to adopt the intelligent transportation systems. Therefore, the increased need ot control emission of harmful gas has facilitated the growth of this market.

 

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Geographically, The Europe region has reached at the optimum level for this market as the region has a well-established airways system with effective implementation of intelligent transport systems.  North America is expected to grow rapidly in the intelligent airways transport system market as with the existence of advanced intelligent transport system hardware providers and manufacturers of sensors and surveillance cameras among others. In Asia-pacific region, the government is taking charge of managing smart airports with the help of intelligent airways transport system. This government initiative of managing smart airports and initiating the various technologies such as robotics and artificial intelligence in various developing nations like India is contributing to the growth of intelligent railway transport system.

 

Intended Audience

  • Airport Authorities
  • Airport Technology Vendors
  • Airport IT Solution Provider
  • Airline Operators
  • Airport Planners
  • Research institutions
  • Technology investors
  • IT firms

 

Related Report

The global intelligent railway transport system market is expected to grow from USD~22 Billion in 2016 to USD 90 Billion by 2022, at an estimated CAGR of ~ 26.6% https://marketresearchfuture.com/reports/intelligent-railway-transport-system-market

 

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