Pune, Aug. 14, 2024 (GLOBE NEWSWIRE) -- Intelligent Airways Transportation System Market Analysis:
“As per the SNS Insider Research, The Intelligent Airways Transportation System Market size was valued at US$ 9.13 Billion in 2023, and is anticipated to reach US$ 18.61 Billion by 2032, and grow at a CAGR of 8.29% over the forecast period 2024-2032.”
Consequent to the increase in the use of the aviation industry as a means of transport, the intelligent airway transportation market is on the rise. This growth in demand for passenger and cargo services requires more sophisticated airway management to reduce costs, enhance passenger experiences, and ensure safety. Bettor spending by governments around the globe is being made in this area with regards to supporting aviation.
It has been established that smart technologies are now driving the IATS market. These are ideas being adopted by industry players as a way of achieving competitive advantage. Sophisticated applications are used for the purpose of forecasting the formation of weather, controlling the movement of aircraft and avoiding incidences of crash. This shows that many organizations that are in the aviation industry are engaging providers of technologies to enhance services. For instance, Malaysia Airlines made a particular association with RateGain Travel Technologies to secure the best features to match the prices, and SITA deployed ITA Connect Go, a multi-tenant edge secure SD-WAN planning to develop the cloud services for the air transport market. In addition, partnerships with SaaS providers such as Navitaire, FLYR Labs, Comply365 and other application solutions are allowing airlines to harness cool aviation solutions.
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Key Players Listed in this Report are:
- International Business Machines Corporation
- Amadeus IT Holding S.A.
- CISCO Systems Inc.
- Indra Sistemas S.A.
- NEC Corporation
- Rockwell Collins Inc.
- SITA
- Siemens AG
- Unisys Corporation
- Honeywell Corporation Inc
- DENSO CORPORATION
- Other Players
Intelligent Airways Transportation System Market report Scope:
| Report Attributes | Details |
| Market Size in 2023 | US$ 9.13 billion |
| Market Size by 2032 | US$ 18.61 Billion |
| CAGR | CAGR of 8.29% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Key Growth Drivers | The growing adoption of advanced technologies in aircraft, along with the rise in e-commerce, is driving increased demand in this market. |
Market Growth Fueled by Innovation, Challenged by Economic Uncertainties
Technological advancements in aircraft design, such as fuel-efficient models and electric propulsion systems, are propelling market growth. Additionally, the e-commerce boom is driving demand for efficient air cargo services, stimulating innovation in the logistics sector.
Economic challenges in certain developing economies may hinder the widespread adoption of advanced technologies in the short term.
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Key Segments Driving Market Leadership with Innovative Solutions and Enhanced Passenger Experiences
By System Type, the Advance Traffic Management System segment was dominated the market with 31% of the market share in 2023. This segment is expected to maintain its leadership due to the escalating urban congestion crisis. As cities worldwide grapple with increasing traffic volumes, ATMS solutions offer effective remedies by optimizing traffic flow, reducing congestion, and improving overall transportation efficiency. Additionally, the integration of advanced technologies like AI and IoT into ATMS systems is enhancing their capabilities, driving higher adoption rates.
By Application, the Aircraft Traffic Management led the market with a 25% share in 2023. These solutions offer numerous benefits, including collision avoidance, efficient resource utilization, and reduced human error. The Traveler Information Management segment is projected to witness significant growth as airlines focus on providing seamless passenger experiences.
Intelligent Airways Transportation System Market Key Segmentation:
By Offerings:
- Hardware
- Interface Boards
- Sensors
- Surveillance Cameras
- Telecommunication Networks
- Monitoring and Detection Systems
- Others
- Software
- Visualization Software
- Video Detection Management Software
- Transit Management Software
- Others
- Services
- Cloud services
- Business services
- Professional services
By System Type:
- Advanced Traveler Information System (ATIS)
- Advanced Traffic Management System (ATMS)
- Advanced Transportation Pricing System (ATPS)
- Advanced Public Transportation System (APTS)
- Emergency Medical System (EMS)
By Application:
- Security Surveillance
- Shuttle Bus Tracking
- Traveler Information Management
- Aircraft Traffic Management
- Smart Ticketing
- Emergency Notification
- Others
Regional Overview
North America dominated in the intelligent airways transportation system market, at 30% of the market share in 2023. This leadership is underpinned by substantial investments in R&D for cutting-edge technologies like IoT and advanced analytics. Government support for transportation infrastructure development, coupled with robust public-private partnerships, has created a fertile ground for IATS adoption.
Conversely, the Asia Pacific region is poised for rapid growth, driven by burgeoning air travel, the need for efficient airport management, and the increasing adoption of sophisticated baggage handling systems.
Regional Coverage
• North America (US, Canada, Mexico)
• Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe])
• Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific)
• Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East])
• Africa [Nigeria, South Africa, Rest of Africa]
• Latin America (Brazil, Argentina, Colombia Rest of Latin America)
Recent Developments
- In February 2024, Natixis Corporate & Investment Banking partnered with United Airlines by investing in their Sustainable Flight Fund.
- In February 2024, Switzerland, Italy, and France announced a hybrid toll system changing traditional toll plazas. Using cameras and electronic tags, drivers are charged automatically upon exiting tolled sections.
- Kapsch TrafficCom won a contract in February 2024 to modernize Sweden's traffic signal control system. The company will deploy its EcoTrafiX Command platform to improve traffic flow and efficiency.
- Conduent Transportation secured a deal with the Oklahoma Turnpike Authority in January 2024 to expand its cashless tolling system. The company will utilize vehicle registration data to bill drivers without transponders.
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Key Takeaways
- The IATS market is experiencing growth driven by technological advancements and rising air traffic.
- Advanced traffic management systems and aircraft traffic management solutions are key market segments.
- Government investments and industry collaborations are shaping the market landscape.
Table of Contents – Major Key Points
1. Introduction
2. Executive Summary
3. Research Methodology
4. Market Dynamics Impact Analysis
5. Statistical Insights and Trends Reporting
6. Competitive Landscape
7. Intelligent Airways Transportation System Market Segmentation, by Offerings
8. Intelligent Airways Transportation System Market Segmentation, by System Type
9. Intelligent Airways Transportation System Market Segmentation, by Application
10. Regional Analysis
11. Company Profiles
12. Use Cases and Best Practices
13. Conclusion
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