Global Aviation IoT Market Opportunities and Forecast 2022-2029
Aviation IoT Market Overview
The Aviation IoT Market was valued at USD 467.55 Million in 2021 and is expected to grow at a CAGR of 20.6% from 2022 to 2029, reaching USD 2,089 Million by 2029. The market is expected to grow due to the exponential growth in air passenger traffic and a strong emphasis on improving the passenger experience. Continuous advancements in wireless technology, as well as an increasing preference for smart airport architecture, are driving the market growth. In recent years, the aviation industry has seen an unprecedented increase in passenger traffic. As a result, airport authorities and airline operators around the world are aggressively adopting cutting-edge technology to optimize their business flows and keep up with the unabated growth in passenger traffic. The key aviation industry players are particularly adopting data-driven approaches to make their business decisions.
The Internet of Things (IoT) refers to the abundance of physical devices that surround us every day, such as smartphones, computers, tablets, and so on, that are well equipped with software for storing, collecting, processing, and sending data for various purposes across devices via an unseen wireless network. In response to the ongoing advancements in intelligent technologies, the aviation industry is implementing a digital ecosystem. Wireless technology advancements, in particular, have enabled the industry to improve its operational efficiency. Simultaneously, IoT advancements are enhancing the existing digital ecosystem to provide technology-based services such as baggage and document checking, flight booking, and automated check-in.
Request for Sample with Complete TOC and Figures & Graphs: https://www.datalibraryresearch.com/sample-request/?id=1835&utm_source=dj&utm_medium=46
Covid-19 Impact on Aviation IoT Market:
As the COVID-19 pandemic continues its effect around the world, many defense and aerospace companies are facing its impact during this time around the world. For instance, commercial aviation companies in the U.S., France, Germany, and Canada are facing disruption in the production process and reduced demand as workforces stay at home, passengers stop traveling, and delay in the delivery of new aircraft. Analysts expect a drop from 3,000 to 4,000 aircraft during the pandemic period. On the defense side, contractors operating in the sector are in a better position, hence the impact of the pandemic is likely low in the short to mid-term. However, low demand due to budget constraints affects the production as in aircraft manufacturing.
Report Includes
An overview of the global Aviation IoT market, and related technologies and developments. Analyses of global market trends, with historical data from 2018, 2019, and 2020 estimates and projections of CAGRs through 2029. It also includes breakdowns of the overall Aviation IoT market along with various segments, and by geographic region. Analysis of the stakeholder value chain in the Aviation IoT market and comprehensive profiles of leading companies in the industry.
Global Aviation IoT Market Competitive Analysis:
Key players in the Global Aviation IoT market are Amadeus IT Group SA, Cisco Systems Inc., Huawei Technologies Co. Ltd., SAP SESITA among other players.
Segmentation Analysis:
In addition to providing an analysis of the most recent market trends and prospects in each of the sub-segments from 2018 to 2029, this study also projects revenue growth at the global, regional, and national levels. Grand View Research has divided the worldwide aviation IoT market report into segments based on application, end-use, and geography for the purposes of this study:
*All our reports are customizable as per customer requirements
This study forecasts revenue and volume growth at global, regional, and country levels from 2018 to 2029. The global Aviation IoT market is distributed on the basis of the below-mentioned segments:
- Global Aviation IoT market, By Application:
- Ground Operations
- Passenger Experience
- Aircraft Operations
- Asset Management
- Others
Global Aviation IoT market, By End Market:
- Airport
- Airline Operators
- MRO
- Aircraft OEM
- Others
Global Aviation IoT market, By Component:
- IoT Devices
- Sensors & Actuators
- Processors
- Beacons
- Cameras
- Tags
- IoT Gateway & Networking Devices
- IoT Solutions
- Software & Applications
- IoT Platforms
- Services
- Managed
- Professional
- Others
Global Aviation IoT market, By Region:
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East and Africa
- GCC
- South Africa
- Rest of Middle East and Africa
Research objectives:
- To study and analyze the global Aviation IoT market size by key regions/countries, product type and application, history data from 2018 to 2020, and forecast to 2029.
- To understand the structure of Aviation IoT market by identifying its various sub segments.
- Focuses on the key global Aviation IoT players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
- To analyze the Aviation IoT with respect to individual growth trends, future prospects, and their contribution to the total market.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- To project the size of Aviation IoT submarkets, with respect to key regions (along with their respective key countries).
- To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
- To strategically profile the key players and comprehensively analyze their growth strategies.
- To strategically profile the key players and comprehensively analyze their growth strategies.
The report lists the major players in the regions and their respective market share on the basis of global revenue. It also explains their strategic moves in the past few years, investments in product innovation, and changes in leadership to stay ahead in the competition. This will give the reader an edge over others as a well-informed decision can be made looking at the holistic picture of the market.
Key questions answered in this report
- What will the market size be in 2029 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Table of Contents: Aviation IoT Market
- Part 1: Overview of Aviation IoT Market
- Part 2: Aviation IoT Carts: Global Market Status and Forecast by Regions
- Part 3: Global Market Status and Forecast by Types
- Part 4: Global Market Status and Forecast by Downstream Industry
- Part 5: Market Driving Factor Analysis
- Part 6: Market Competition Status by Major Manufacturers
- Part 7: Major Manufacturers Introduction and Market Data
- Part 8: Upstream and Downstream Market Analysis
- Part 9: Cost and Gross Margin Analysis
- Part 10: Marketing Status Analysis
- Part 11: Market Report Conclusion
- Part 12: Aviation IoT: Research Methodology and Reference
Inquire more and share questions if any before the purchase on this report at: https://www.datalibraryresearch.com/enquiry/?id=1835&utm_source=dj&utm_medium=46
About Us:
Data Library Research is a market research company that helps to find its passion for helping brands grow, discover, and transform. We want our client to make wholehearted and long term business decisions. Data Library Research is committed to deliver their output from market research studies which are based on fact-based and relevant research across the globe. We offer premier market research services that cover all industries verticals, including agro-space defense, agriculture, and food, automotive, basic material, consumer, energy, life science, manufacturing, service, telecom, education, security, technology. We make sure that we make an honest attempt to provide clients an objective strategic insight, which will ultimately result in excellent outcomes.
Contact Us:
Rohit Shrivas,
Senior Manager International Sales and Marketing
Data Library Research
Ph: +13608511343 (US)