Intelligent Airways Transportation System Market


The sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Intelligent Airways Transportation System Market. The growth sectors of the Intelligent Airways Transportation System Market are identified with precision for a better growth perspective.

Rapid technological advancement is resulting in continuous upgrading of airport equipment to facilitate safety and efficiency of the airways. The intelligent airways transportation system uses information technology in order to manage airway services. Market Research Future (MRFR) has published a report asserting that the global intelligent airways transportation system market is marked to expand remarkably at a CAGR of 11.5% during the forecast period of 2016-2022 and reach the valuation of USD 21.5 Bn by the end of 2022 from USD 11.18 Bn in 2016.

Market Drivers and Restraints:

Increasing adoption of advanced technology and rapid development in artificial intelligence technology are majorly aiding in air traffic organization by maintaining the critical elements of airways transportation systems. Growing trend of internet of things and the benefits of intelligent airways transportation system for enhancing security and service quality are contributing to the significant growth of the global intelligent airways transportation system market. Increasing aircraft fleets and air traffic are inducing high demand for advanced management solutions that provide real-time data, which in turn is propelling the growth of the global intelligent airways transportation system market.

Implementation of intelligent airways transportation system to enhance customer experience and security by making the travel more personalized and for timely managing of services are propelling the growth of the global intelligent airways transportation system market. The features of intelligent airways transportation system that aid in simplifying the complexities regarding the working of airports and airways are inducing demand for advanced solutions, resulting in the expansion of the global intelligent airways transportation system market. However, high cost of upgrades and lack of resources are some of the primary factors that are likely to restrain the growth of the global intelligent airways transportation system market during the forecast period.

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.

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Intelligent Airways Transportation System Market Research Report- Forecast 2022
Global intelligent airways transportation system market is expected to grow from USD 11.18 Billion…

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