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IoT in Aviation - Global Market Outlook (2018-2027)

IoT in Aviation - Global Market Outlook (2018-2027)

4.8 (90 reviews)
Published: December 2019 ID: SMRC18842
4.8 (90 reviews)
Published: December 2019 ID: SMRC18842

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global IoT in Aviation Market is accounted for $544.87 million in 2018 and is expected to reach $2790.38 million by 2027 growing at a CAGR of 19.9% during the forecast period. Advancements in wireless network technologies, optimization of business processes and increase in connectivity, and improved passenger experience are likely to boost the growth of the IoT in Aviation market. However, concerns related to data privacy and cybersecurity are likely to hamper the profit boundaries.

Airlines are already using the IoT technology for baggage tracking, cabin climate control, and more. By effectively utilizing IoT, airlines have the tools to greatly reduce or even eliminate the causes of some of the most common complaints in the industry, such as lost bags, flight delays, and customer service issues.

Based on end user, the airport segment is likely to have a huge demand due to the increase in the modern day airport requirements in terms of complexity and scale in comparison to initial days of commercial flying. With growing passenger traffic, airports are finding innovative ways to lower their operational costs and generate new revenue streams. By geography, Rest of the World is going to have a lucrative growth during the forecast period owing to the increasing passenger traffic and aircraft fleet size. This factor encourages the adoption of IoT technology in airports and airlines in these regions to reduce operational costs and streamline business processes.

Some of the key players in the IoT in Aviation market are the Blip Systems, Cisco Systems, Inc, Happiest Minds Technologies, Honeywell International Inc, Huawei Technologies Co., LTD, Aeris, Amadeus It Group Sa, Arrow Electronics, Inc., Sendum Wireless Corporation, SITAONAIR, Tata Sons Private Limited., Tech Mahindra Limited, Undagrid, IBM Corporation, Microsoft Corporation, Palantir Technologies, SAP SE, Walkbase, Wind River Systems Inc, and Zestiot.

Components Covered:
• IoT Solutions
• IoT Devices
• Services

End Users Covered:
• Manufacturers
• Maintenance, Repair, and Overhaul (MRO)
• Airports
• Airlines

Applications Covered:
• Passenger Experience
• Air Traffic Management
• Ground Operations
• Asset Management

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand     
o South Korea      
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

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