Intelligent Airways Transportation System Market Report Scope & Overview:

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The Intelligent Airways Transportation System Market size was recorded at USD 9.13 billion in 2023 and is expected to reach USD 18.61 billion by 2032, growing at a CAGR of 8.29 % over the forecast period of 2024-2032.

The intelligent airway transportation market is expected to grow due to the increasing importance of air travel over all other modes of transportation. The growing preference for air transportation, including passenger and freight conveyance, is creating a demand for more advanced airway solutions. These systems are intended to lower costs while improving client experiences, safety, and efficiency. For Instance, the U.S. govt. budget Y24, USD 28 billion are invested under the Federal Aviation Administration, focusing on the safety, efficiency, and accessibility of the Nation’s Airport. In line with that, the Indian government has also allocated INR 2,357.14 Crore (287,053,659 USD) to the development of the Aviation department under the Budget Launched for FY24.

Smart technologies are emerging as pivotal drivers within the intelligent airways transportation market. Industry participants are increasingly adopting and investing in these advanced solutions to maintain competitive advantage. The use of advanced and efficient software in Airports as well as on Flights helps to track weather forecasts, and air traffic as well as help in reducing plane crashes.  For Instance, Recently on July 2024, a Surya Airline flight crashed in Nepal due to some technical issues, causing the death of around 18 people. To improve all these misshapen, the airlines are taking steps towards partnership/ collaboration to improve their services. For Instance, recently, Malaysia Airlines announced a Partnership with RateGain Travel Technologies Limited, a global SaaS solution provider for Travel and Healthcare, to improve its Intelligent Pricing Strategy and to optimize daily opportunities. In Addition, in October 2022, Société Internationale de Télécommunications Aéronautiques (SITA), a prominent information technology services provider, unveiled ITA Connect Go in collaboration with Versa Networks. This cutting-edge, multi-tenant edge secure SD-WAN solution is tailored for the air transport sector and offers multi-cloud capabilities. ITA Connect Go empowers ground handlers, airlines, and other stakeholders to leverage cloud-based services efficiently by providing virtualized infrastructure and cloud access at airports.

Airlines have also collaborated with various SaaS providers such as Navitaire, FLYR Labs, Comply365, etc. to take benefit of software that is mostly used in aviation. Also various companies such as The Weather Company (for managing weather forecast), Veryon (for aircraft maintenance management), SKYTRACE (for satellite communication and tracking flight), and Dent and Buckle (for providing a 3D graphical view of data), helping the Aviation Industry with the technological advancement to manage the Airways Transportation.

Market Dynamics

Drivers

• Increased adoption of technological development in aircraft as well as growing e-commerce boosts the demand of this market.

The Intelligent Airways Transportation System market has been characterized by major technological innovations to make them more efficient and sustainable. Some major changes include the creation of gas-efficient styles that will cut fuel utilization costs by as much as 20%, important for managing expenses. Initial reductions in emissions could come from the investigation of hybrid and electric propulsion systems, particularly among small aircraft that may be able to enter service relatively soon. Moreover, the lightweight materials and 3D-printed parts used for production support reduce aircraft weight which in turn enhances fuel efficiency. Additionally, advanced air traffic management technologies further enhance efficiency by shortening and straightening flight paths; sustainable aviation fuels are essential in closing the carbon gap. In addition, e-commerce development is activating the growth of demand for effective air cargo services and stimulating creative logistics solutions by airline companies.

Restrains

• Limit the adoption of technology due to financial crises in some developing economies.

Key Market Segmentation:

By System Type

In System type segmentation, the Advance Traffic Management System segment led the market with more than 31% of the market share in 2023. The ATMS segment is expected to witness a higher revenue share in the airway intelligent transportation system market on account of a growing number of flights owing to the high consumer preference for flight travel along with rising penetration of Unnamed Aerial Vehicles (Drones)and Remotely Piloted Aircraft Systems (RPAS), etc. In Sept 2023, the U.S. Trade and Development Agency (USTDA) awarded a technical grant to Vietnam Air Traffic Management Corporation (VATM) to support them with an upgrade of the air traffic management infrastructure within Vietnamese airspace.

By Application

In Application type Segmentation, the Aircraft Traffic Management segment led the market with over 25% of the market share in 2023. Aircraft traffic management solutions provide several benefits which include giving direct guidance to the pilot in terms of not causing any collision, a clear path for aircraft landing into medical emergencies; efficient resource utilization and automation & advanced tools enabling reducing human error; and supporting market trends.

Major growth in the expected traveler information management segment during the forecast period. The airlines focus on providing a singular platform for end-to-end traveler services to boost their brand image. Examples of this include the Luxembourg-based private & luxury jet services provider Luxaviation Group announcing an online management platform in September 2022.

Regional Analysis

North America held the dominant position in the Intelligent Airways Transportation System Market with more than 30% of the market share and continues to flourish its trend of dominance during the forecast period due to R&D in the areas of smart technology as it pertains to airlines and IoT in the forecast period. This region is home to key international market participants and has access to several technologies for the creation and application of cutting-edge technologies, such as machine learning, big data, and cloud computing, to manage the growing traffic and public transit system. The implementation of intelligent transportation systems is being pushed by the emphasis that various governments place on enhancing the transportation infrastructure.

In North America, numerous public-private collaborative initiatives to implement intelligent transportation systems are taking shape in cities like New York, Toronto, Vancouver, Los Angeles, and Chicago. These initiatives are generating significant demand for short-range communication devices that reduce traffic congestion, which in turn fuels the region's demand for intelligent transportation systems. For Instance, in Feb. 2024, Natixis Corporate & Investment Banking joined United Airlines as a corporate partner with its investment in the United Airlines Ventures Sustainable Flight FundSM - the first-of-its-kind venture fund focused on funding startups dedicated to the scaleup of Sustainable Aviation Fuel (SAF) production through advancing technology and sustainable feedstock development.

In Addition, Asia-Pacific is expected to grow at a significant rate during the forecast period due to an increase in the building and usage of airports, greater demand for airport information, the fact that increasingly more and more airports are using these new technologies, and better baggage handling systems in the region during the forecast period of 2024 to 2032.

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Key Players:

The major players 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, and others in the final report.

Recent Developments:

• In November 2023, British Airways, a U.K.-based airline, was awarded as the best airline in terms of Business Development, Investment and Services.

• In October 2023, Alaska Airlines announced a partnership with UP. Labs at UP. Summit to optimize the Network maintenance system, aircraft maintenance, and revenue generation, and aim at transforming the future of airlines.