IoT in Aviation Market – Global Opportunities and Forecast, 2020-2027
This report researches and evaluates the impact of COVID-19 outbreak on the market, including potential opportunities and challenges, drivers, and risks associated with the market. We present a detailed assessment of market growth based on numerous scenarios.
Market Overview:
The market report offers a detailed
analysis of the market size, regional and country-level market size,
segmentation, market growth, market share, competitive landscape, and the
impact of domestic and global leading players.
Market Drivers:
Continuous improvement in passenger
experience is the major key driver contributing to the growth of the IoT in
Aviation market size. It has been observed that a passenger goes through several
security checks before boarding a flight, which is not expedient. Thus, IoT
acts as an effective solution to the problem. More than 93% of the passengers
carry mobile devices while visiting airports, the IoT sensors can easily
connect to mobile devices of the passenger to understand their boarding details
and identity the related information. Additionally, the emerging trend of
gathering a large volume of data is further energizing the demand of the global
IoT in Aviation market.
Integration of IoT allows the aviation
industry to gather and collect a large volume of data that help them in
discovering new business insights, improves airplanes system management, and
advance operations and safety. Moreover, the integration of IoT in aviation
industry is bringing numerous opportunities for the growth of the market. In
addition to this, IoT technology is efficient in decreasing the maintenance
costs of more than 35 percent and can reduce equipment downtime by more than 42
percent.
With the outbreak of the COVID-19 pandemic,
the demand for IoT in the Aviation market has witnessed an upsurge in the
demand to cope up with the storage of manual labor and the increasing focus on eliminating
the physical contact with each other. However, the growing concerns regarding data
security and privacy are likely to hamper the growth of the global IoT in Aviation market.
Market Segmentation:
The IoT in Aviation Market is split by end
market, component, application, and regions. For the forecast period, the
growth among the segments provides accurate calculations and forecasts for
sales by different segments in terms of volume and value. This analysis will
help in expanding the business by targeting qualified niche markets.
Segment by End Market:
·
Airlines
·
Airports
·
MROs
·
Manufacturers
Segment by Component:
·
Solution
o
IoT Devices
§ Sensors & Actuators
§ Beacons
§ IoT Gateway & Networking Devices
§ Processors
§ Tags
§ Cameras
o
IoT Platforms
§ IoT Solutions
§ Software & Applications
·
Service
o
Managed Services
o
Professional Services
Segment by Application:
·
Ground Operations
o
Passenger Processing
o
Baggage Tracking
o
Airport Maintenance
o
Security & Surveillance
o
Ground Handling
o
Location-based Navigation &
Alerts
·
Passenger Experience
o
In-Flight Communication
o
Personalized Customer Service
o
Connected Cabin
·
Asset Management
o
Fleet Management
o
Crew Management
o
Aircraft Maintenance
·
Aircraft Manufacturing
7.4. Air Traffic Management
Segment by Region:
·
North America
o
United States of America
o
Canada
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
RoW
o
Brazil
o
South Africa
o
Saudi Arabia
o
UAE
o
Rest of the world (remaining countries
of the LAMEA region)
Competitive Landscape and Analysis:
The IoT in Aviation Market offers detailed
information including company overview, company total revenue, market
potential, global presence, and total revenue generated. The report will also
provide market share, production sites, SWOT analysis, product launch, and
other relevant data.
The key players for the IoT in Aviation
Market are IBM Corporation, Cisco Systems Inc, Amadeus IT Group, Honeywell
International Inc, Microsoft Corporation, Huawei Technologies Co. Ltd, Arrow
Electronics, Inc, Blip Systems, SITAONAIR, and Tata Sons, among others.
About GMI Research
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