IMARC Group, a leading market research company, has recently released a report titled “Aviation IoT Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global aviation IoT market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How Big is the Aviation IoT Market?
The global aviation IoT market is expected to exhibit a growth rate (CAGR) of 21.7% during 2023-2028.
What is Aviation IoT?
The internet of things (IoT) is widely utilized in the aviation industry for facilitating real-time business decisions. It assists in simplifying underlying processes and increasing workforce productivity. It also aids in interchanging information between airlines, airport operators, and passengers. Moreover, as it enhances the overall customer experience, the demand for aviation IoT is escalating around the world.
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What are the Growth Prospects and Trends in the Aviation IoT Industry?
Significantly increasing air passenger traffic represents one of the key factors strengthening the market growth. Apart from this, the growing adoption of the digital ecosystem is positively influencing the market. Furthermore, leading players are considerably investing in biometrics technologies, including facial recognition and fingerprint sensors, to automate the verification processes. This, along with the introduction of assistive technologies, such as mobility solutions and support for differently abled passengers, is creating a favorable market outlook. The market is further impelled by the integration of IoT with robotics and artificial intelligence (AI) for generating service delivery improvements in the aviation sector.
Who are the Key Players Operating in the Aviation IoT Market?
The competitive landscape of the industry has also been examined along with the profiles of the key players.
- Accenture plc
- Aeris Communications Inc.
- Amadeus IT Group SA
- Cisco Systems Inc.
- Honeywell International Inc.
- Huawei Technologies Co. Ltd.
- International Business Machines Corporation
- Microsoft Corporation
- SITA
- Tata Communications
- Tech Mahindra
- Wind River Systems Inc.
What is Included in Market Segmentation?
The report has categorized the market based on application and end use.
Breakup by Application:
- Ground Operations
- Passenger Experience
- Aircraft Operations
- Asset Management
Based on End Use:
- Airport
- Airline Operators
- MRO
- Aircraft OEM
Regional insights:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)
Key Highlights of The Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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