The global aviation IoT market is expected to exhibit a CAGR of 22.3% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Internet of Things (IoT) refers to the effective communication of data via a network of devices, sensors, and machines that are incorporated with chipsets connected to the internet. The system offers a smart communication environment and improved operational efficiency by upgrading the speed of communication. In the aviation industry, IoT has led to unique customer experiences and facilitates real-time business decisions. With advancements in intelligent and wireless technologies, it also helps simplify underlying processes and increase workforce productivity. Moreover, aviation IoT aids the easy interchange of information between airlines, airport operators, and passengers.
The global aviation IoT market is primarily driven by the adoption of the digital ecosystem in the industry. This encourages technology-based services, such as document and baggage checking, flight booking, and automated check-in processes, ease of purchasing preferred seats, additional amenities and priority boarding, which increase the comfort of the passengers. Besides this, the aviation industry is also increasingly investing in biometrics technologies, including fingerprints and facial recognition, for automating the verification processes, thus reducing the burden on the staff. The introduction of assistive technologies for differently-abled passengers, such as mobility solutions and support for visual and hearing-impaired individuals, is also assisting the market growth. The consolidation of IoT with artificial intelligence (AI) and robotics is generating service delivery improvements. Additionally, the rapid penetration of in-flight amusement (IFE) systems is helping improve the auxiliary items and administrations to clients.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global aviation IoT market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on application and end use.
Breakup by Application:
- Ground Operations
- Passenger Experience
- Aircraft Operations
- Asset Management
Breakup by End Use:
- Airline Operators
- Aircraft OEM
Breakup by Region:
- North America
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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 and Wind River Systems Inc.
|Base Year of the Analysis
||Application, End Use, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||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 and Wind River Systems Inc.
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Key Questions Answered in This Report:
- How has the global aviation IoT market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global aviation IoT market?
- What are the key regional markets?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the end use?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global aviation IoT market and who are the key players?
- What is the degree of competition in the industry?