IMARC Group, a leading market research company, has recently published a report titled “Aviation IoT Market: Global Industry Trends, Share, Size, Growth, Opportunities and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including global aviation IoT market share, size, trends and growth forecasts. The report also includes competitive and regional analysis and highlights the latest developments in the market.
Report Highlights
How big is the Aviation IoT market?
The global aviation IoT market is expected to exhibit a CAGR of 21.7% during 2023-2028.
What is Aviation IoT?
The Internet of Things (IoT) is widely used in the aviation industry to facilitate real-time business decisions. It helps simplify core processes and increase workforce productivity. It also helps exchange information between airlines, airport operators and passengers. Moreover, while improving the overall customer experience, the demand for aviation IoT is escalating worldwide.
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What are the growth prospects and trends in the Aviation IoT industry?
Significant growth in passenger air traffic represents one of the key factors boosting market growth. In addition, the growing adoption of the digital ecosystem is positively impacting the market. Additionally, major players are investing significantly in biometric technologies, including facial recognition and fingerprint sensors, to automate 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 picture. The market is further driven by the integration of IoT with robotics and artificial intelligence (AI) to generate 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 profiles of 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
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- Tata Communications
- Tech Mahindra
- Wind River Systems Inc.
What is involved in market segmentation?
The report has categorized the market based on application and end use.
Breakdown 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 (UAE, Saudi Arabia, Qatar, Iraq, South Africa, others)
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 part of the customization.
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