According to the latest report by IMARC Group, titled "Aviation IoT Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global aviation IoT market is expected to exhibit a CAGR of 22.3% during 2022-2027. The Internet of Things (IoT) involves the use of interrelated computing devices, mechanical and digital machines, and numerous objects that are connected to the internet. They are commonly embedded with software, sensor and other technologies that facilitate transferring data over a network without the need for human-to-human or human-to-computer interaction. Their use enables a smart communication environment and improved operational efficiency of numerous processes. IoT in the aviation sector is widely utilized to ensure an easy interchange of information between airports, airlines, operators, and passengers.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Aviation IoT Market Trends:
The global market is majorly driven by the widespread adoption of automation in the aviation sector. This has led to the rising deployment of technology-based services, such as document and baggage checking, flight booking, priority boarding, automated check-in processes, purchasing seats, and additional amenities, which is providing an impetus to the market growth. Moreover, the growing applications of biometrics in the sector has also led to the rising demand for aviation IoT across the globe. The market is further driven by the increasing integration of assistive technologies for differently-abled passengers across airports and airlines. They involve the usage of mobility solutions and visual and hearing-impaired support, which is creating a positive outlook for the market. Furthermore, aviation IoT devices are continually being equipped with robotics and artificial intelligence (AI) to offer enhanced convenience to the users, thereby propelling the market growth. Some of the other factors contributing to the market growth include the increasing preference for air travel among individuals and the rapid penetration of in-flight amusement (IFE) systems.
- On the basis of the application, the market has been divided into ground operations, passenger experience, aircraft operations and asset management.
- Based on the end use, the market has been classified into airport, airline operators, MRO and aircraft OEM.
- On the geographical front, the market has been segregated into North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Latin America (Brazil, Mexico and others), and Middle East and Africa.
- The competitive landscape of the market has been studied in the report with the detailed profiles of the key players. Some of these players include 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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