Intelligent Airways Transportation System (IATS) Market 2019 Global Size, Trends, Growth Factors, Key Vendors, Future Prospects and Opportunity Assessment by 2023
Market Research Future published a research report on Global Intelligent Airways Transportation System (IATS) Market Research Report- Forecast 2022 Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.
Pune, India – March 12, 2019 /MarketersMedia/ —
Market Scenario:
The intelligent airways transport system facilitates the use of information technology for managing the services provided by the airways. The airways relies on the radio network and the GPS system for effective implementation of intelligent transportation system. The intelligent airways transportation system is majorly driven by its ability of providing high security for the passengers and high service quality to the customers. The market will also grow with the increase in the adoption of internet of things in the airways system. The growing trends of internet services is also contributing in the growth of intelligent airways transportation system market. The increasing use of airways transport among all modes of transportation has created an effective and timely management of services among others such as passenger empowerment system/ solution. This solution has a potential to offer a new level of customer service experience and also supports to remove the anxiety in the airport terminal.
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To initiate the following process artificial intelligence and data science are utilized to get the tangible benefits for proper working of airports and airlines. The ability of the systems helps to regulate the air traffic between the destinations and also near airports which therefore help in the growth of intelligent airways transportation market. Whereas, the increasing need for the adoption of intelligent transportation system in airways also helps to increase the customer experience and security by making the travel personalized and smoother by providing end to end service. Raising need of real time information by these intelligent technology is one of the major factor in airports for smooth flow of communication.
The global Intelligent Airways Transportation System Market is expected to grow from US ~$11.18 Billion in 2016 to US~$ 21.5 Billion by 2022, at an estimated CAGR of 11.5%. The factors such as capacity and congestion, high costs of up gradation and resource outages are some of the constraints for the growth of this market. Whereas, increasing disposable income among individuals and growing demand of various technological solutions among airlines in the need of cross domain applications can open up some opportunities for the growth of the market.
Market Segmentation:
The global intelligent airways transportation system market has been segmented on the basis of component, deployment and technology. Based on component, the intelligent airways transportation system market has been segmented into hardware and software. The hardware segment has been sub-segmented into sensor, display units, closed circuit cameras, networking devices and others. The software segment has been sub-segmented into backend integration various device. Based on deployment, the intelligent airways transportation system market has been segmented into on-cloud and on-premises. Based on technology, the intelligent airways transportation system market has been segmented into passenger empowerment, smarter baggage solutions, biometric-enabled self-service, data science, robotics and artificial intelligence and others.
Key Players
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.
Regional Analysis:
Geographically, the global intelligent airways transportation system market has been segmented into four major regions such as North America, Asia Pacific, Europe and the rest of the world. The North America region is forecasted to expand at a noteworthy growth rate owing to the increasing adoption of artificial intelligence technology and easy adoption of advanced solutions for airport management. Increasing emphasis on airport automation and easy adoption of advanced technology are fueling the growth of the intelligent airways transportation system in the Europe region. The Asia Pacific region is projecting fastest growth in the global intelligent airways transportation system market owing to the adoption of technologically advanced solutions to manage rapidly increasing air traffic in this region.
Industry News
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 Polit cnica 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.
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Intended Audience
Airport Authorities
Airport Technology Vendors
Airport IT Solution Provider
Airline Operators
Airport Planners
Research institutions
Technology investors
IT firms
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Contact Info:
Name: Abhishek Sawant
Organization: Market Research Future
Website: https://www.marketresearchfuture.com
Source: MarketersMedia
Release ID: 491112
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