Global Intelligent Airways Transportation System Market – Overview
Global 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.
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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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.
Global Intelligent Airways Transportation System Market – Segmentation
- Segmentation by Component: Hardware includes sensor, display units, closed circuit cameras, networking devices and Software
- Segmentation by Deployment Type: On Cloud and On Premise.
- Segmentation by Technology: Passenger environment, smarter baggage solutions, biometric enabled self-service, data science, robotics and artificial intelligence and others
- Segmentation by Region: North America, Europe, Asia-Pacific and Rest of the world.
Global Intelligent Transportation System Market Regional Analysis
Geographically, the global intelligent transportation system market is segregated into North America, Europe, Asia-Pacific and Rest of the World.
North America is the fastest growing region among others due to the presence of intense research and development in the field of smart technology related to airlines, growing penetration of IoT and cloud related technology. The intelligent airways transportation system has the highest market share in the North Region because of the presence of early technology adopters and existence of highly technology advanced countries such as US and Canada. Asia-Pacific region is expected to grow moderately due to the steady rise in the number of operating airports, rising demand of airport information system, increasing adoption of innovative airport technologies, and growing need for enhanced system of baggage handling.
- Airport Authorities
- Airport Technology Vendors
- Airport IT Solution Provider
- Airline Operators
- Airport Planners
- Research institutions
- Technology investors
- IT firms
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