According to Market Research Future (MRFR), the global intelligent airways transportation system market is estimated to grow to USD 21.5 billion at an estimated CAGR of 11.5% from 2016 to 2022 (forecast period). The report provides a summary of the market opportunities and market implications that emerged as a result of the COVID-19 pandemic.
The intelligent airway transport system enables the use of information technology to manage the services provided by airways. The airways rely on the radio network and the GPS system to efficiently implement the intelligent transport system. The intelligent airways transport system is primarily powered by its ability to provide high passenger safety and high customer service.
Key Players
The key participants in the Intelligent Airways Transportation System market are – Amadeus IT Holding S.A. (Spain), NEC Corporation (Japan), CISCO Systems Inc.(U.S.), Indra Sistemas S.A. (Spain), International Business Machines Corporation (IBM) (U.S.), Rockwell Collins Inc.(U.S.), Siemens AG (Germany), Unisys Corporation (U.S.), Honeywell Corporation Inc. (U.S.) SITA (Switzerland) among others.
Read more@ https://www.marketresearchfuture.com/reports/intelligent-airways-transportation-system-market-2158
Regional Analysis
By region, the global market for intelligent airways transportation system has been segmented into North America, Europe, the Asia Pacific, and the Middle East & Africa.
North America is expected to boost the market as a result of intensive research and development in airline-related smart technology, high penetration of the Internet of Things, and the growth of a range of IoT and cloud-related technologies in the region. The North American region is projected to have the largest market share with the presence of early-stage technology adopters in the region. The region also has the involvement of technologically advanced countries such as the U.S. and Canada that facilitate the development of the market for intelligent airway transport system.
