Global Intelligent Airways Transportation Market Size 2024, Forecast To 2033
6 Mar, 2024
The intelligent airways transportation market size has grown strongly in recent years. It will grow from $18.27 billion in 2023 to $19.89 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The growth in the historic period can be attributed to early adoption of rfid and barcoding, development of early ai systems, introduction of biometric authentication, emergence of iot in aviation, initial steps in sustainability. The intelligent airways transportation market size is expected to see strong growth in the next few years. It will grow to $27.33 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. Major trends in the forecast period include automation and robotics, iot and connectivity, ai and predictive analytics, smart infrastructure and sensors, biometrics and security, energy efficiency and sustainability.
Global Intelligent Airways Transportation Market Key Driver
The increasing use of airways transport among all modes of transportation is expected to propel the growth of the intelligent airways transportation market going forward. The increasing use of airways refers to more people choosing air travel as their preferred mode of transportation for both passenger and freight transportation purposes. Intelligent airways transportation provides improved safety, improved efficiency, enhanced customer experience, and saving costs. For instance, in April 2023, according to the International Air Transport Association, a Canada-based trade association of airlines across the globe, in February 2022, the total air traffic has risen 55.5% as compared to 2021. In addition, in 2022, international traffic and domestic traffic rose by 89.7% and 25.2% respectively as compared to 2021. Therefore, increasing the use of airways transport among all modes of transportation is driving the growth of the intelligent airways transport market.
Get A Free Sample Of The Global Intelligent Airways Transportation Market ReportGlobal Intelligent Airways Transportation Market Segments
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
By Geography:The regions covered in the intelligent airways transportation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
North America was the largest region in the intelligent airways transportation market in 2023. 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
Major Intelligent Airways Transportation Industry Players
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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Intelligent Airways Transportation Market Overview
Intelligent airways transportation (IAT) is the use of advanced technologies and systems to improve various aspects of air transportation, including passenger experience, safety, efficiency, and sustainability.
Intelligent Airways Transportation Global Market Report 2023 provides data on the global intelligent airways transportation market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The intelligent airways transportation market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.