IoT in Aviation market size reached USD 1.57 Bn in 2022 and is expected to reach USD 6.40 Bn by 2029, growing at a CAGR of 19.2 % during the forecast period.
Maximize Market Research, a prominent international research firm specializing in the healthcare industry, has recently released a comprehensive report on the IoT in Aviation Market. The analysis provides valuable insights into the market, including key commercial information, regional market sizes, and forecasts up to 2029.
IoT in Aviation Market Overview:
The report delves into the dynamics of the IoT in Aviation Market by thoroughly examining current and emerging trends. It employs Porter's five forces analysis to assess various factors, such as competitive intensity, potential threats from different stakeholders, and the ability of emerging companies to acquire resources. To determine the market size at both regional and global levels, the research adopts a bottom-up approach, conducting a micro-level analysis of each country. By doing so, the report also evaluates the contribution of the unorganized market to the overall market size.
The findings of the report are validated through interviews with well-known local industry experts. The research utilizes both commercial and free databases for secondary research and analysis. Supply and consumption data from each market participant are obtained from reliable third-party sources, official government databases, and annual reports of publicly traded companies.
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IoT in Aviation Market Segmentation:
by Component
1.Hardware
2. Software
3. Services
The Software category led the Component market in 2022 and is anticipated to hold that position throughout the forecast period. The integration of Internet of Things (IoT) software solutions is revolutionising the aviation sector by opening up new possibilities for operational optimisation, safety improvement, and passenger experience enhancement. which have impacted the IoT in Aviation market growth by raising demand for the software sector.
by End User
1.Airline
2.Airport
3.MROs
4.Manufacturers
Given that IoT technology is being used by airlines to improve their customers' travel experiences, the airline segment dominated the global market in 2022 and is predicted to do so again over the forecast period. Airlines are under pressure to cut costs and increase operational efficiency. Airlines may achieve these objectives with the use of IoT technology, which offers real-time information on aircraft performance, crew scheduling, and ground operations. IoT is utilised by airlines to improve scheduling, reduce delays, and lower maintenance costs, all of which are boosting the segment's growth over the projection period.
by Application
1. Ground Operations
2.Passenger Experience
3. Asset Management
4. Air Traffic Management
The Air Traffic Management application held the largest market share in 2022 and is anticipated to increase over the course of the forecast period. An essential part of the aviation sector that enables the efficient and safe movement of aeroplanes is air traffic management (ATM). IoT technology can be utilised to expand the capabilities of ATM systems, resulting in better cost-effectiveness, safety, and efficiency. IoT sensors can be used to continuously monitor the airspace, giving ATM systems precise and current data on the whereabouts of aeroplanes. Flight trajectories may be improved, delays may be decreased, and safety may be increased. Therefore, the demand for the Air Traffic Management market is being fueled by the optimisation of IoT technology to improve passenger service.
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IoT in Aviation Market Regional Analysis:
- North America
- Europe
- Asia-Pacific
- The Middle East and Africa
- Latin America
The report thoroughly examines the IoT in Aviation market, including manufacturer supply chains, prevailing regulations, cost structures, and market shares. It also explores regional markets by Analyzing product pricing in relation to profitability.
IoT in Aviation Market Key Players:
1. Honeywell International Inc.
2. Cisco Systems, Inc.
3. IBM Corporation
4. SITAONAIR
5. Huawei Technologies Co., LTD.
6. Tata Sons Private Limited
7. Aeris
8. Happiest Minds Technologies
9. Amadeus It Group Sa
10. Tech Mahindra Limited
11. Sendum Wireless Corporation
12. Microsoft Corporation
13. Palantir Technologies
14. Walkbase
15. Blip Systems
16. SAP SE
17. Arrow Electronics, Inc.
18. Wind River Systems, Inc.
19. Zestiot
The research report addresses various market and industry-related topics, such as product launches, business expansion, collaborations, joint ventures, and acquisitions. Maximize Market Research, a globally recognized healthcare business consultancy firm, has employed its 18 years of domain expertise to provide market intelligence and a competitive landscape analysis of the IoT in Aviation market. The report incorporates primary and secondary data, offering insights from both local and global perspectives.
Table of content for the IoT in Aviation Market includes:
- Global IoT in Aviation Market: Research Methodology
- Global IoT in Aviation Market: Executive Summary
- Market Overview and Definitions
- Introduction to Global IoT in Aviation Market
- Summary
- Key Findings
- Recommendations for Investors
- Recommendations for Market Leaders
- Recommendations for New Market Entry
- Global IoT in Aviation Market: Competitive Analysis
- MMR Competition Matrix
- Market Structure by region
- Competitive Benchmarking of Key Players
- Consolidation in the Market
- MA by region
- Key Developments by Companies
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Challenges
- Market Dynamics
- PORTERS Five Forces Analysis
- PESTLE
- Regulatory Landscape by region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America
- COVID-19 Impact
- Global IoT in Aviation Market Segmentation
- Global IoT in Aviation Market, by Type (2022-2029)
- Global IoT in Aviation Market, by Product (2022-2029)
- Global IoT in Aviation Market, by Application (2022-2029)
- Regional IoT in Aviation Market(2022-2029)
- Regional IoT in Aviation Market, by Type (2022-2029)
- Regional IoT in Aviation Market, by Product (2022-2029)
- Regional IoT in Aviation Market, by Application (2022-2029)
- Regional IoT in Aviation Market, by Country (2022-2029)
- Company Profile: Key players
- Company Overview
- Financial Overview
- Global Presence
- Capacity Portfolio
- Business Strategy
- Recent Developments
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by Product
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
About Maximize Market Research:
Maximize Market Research is a multifaceted Market Research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide Market -verified industry estimations, technical trend analysis, crucial Market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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