Pune 21 April 2023: As per the report, IoT in Aviation Market to grow from USD 1.57 Bn in 2022 to USD 6.40 Bn by 2029 at a CAGR of 19.2 percent over the forecast period. The IoT in Aviation Market report is delivered by Maximize Market Research and is available in the market.
IoT in Aviation Market Report Scope and Research Methodology
The report offers the IoT in Aviation market share and rival sector, as well as an analysis of the major vendors and leading regions. The IoT in Aviation report provides an in-depth analysis of the market and contains meaningful insights, facts, historical data, and statistically supported and industry-validated market statistics. The report also provides the IoT in Aviation market’s present size, growth rates, and company profiles of the top players and producers. The bottom-up approach was used to estimate the IoT in Aviation market size. The IoT in Aviation market revenue is determined by the primary and secondary data collection methods.
A thorough analysis of the regional environment is included, along with information on the potential, important growth indicators, geographical challenges, and threats facing the IoT in Aviation market. The segment-wise analysis is divided into Component, End User and Application. The following details are provided: a description of the company, its primary operations, total earnings and sales, revenue generated in the IoT in Aviation market, the entry date into the IoT in Aviation market, recent developments, and other details. The qualitative and quantitative methods are included in the report. Research using SWOT, PESTLE, and Porter’s Five Force tools are used for the analysis of the IoT in Aviation market. The analysis identified key upcoming developments that are expected to influence IoT in Aviation market demand during the forecast period.
IoT in Aviation Market Dynamics
The globalization, rising disposable income and increase in the mid-income population opting for air travel leads to increase in air traffic. The increase in airline traffic fuels the IoT in Aviation Market growth.
The market is driven by the advancements in the wireless technology, increasing need for the enhancements of the passenger experience, growing government’s initiatives for the modernization of the IoT to streamline traffic and ensuring safe operations.
Increasing demand for air traffic solutions from emerging nations and automated aircraft monitoring and implementation of the IoT based airline solutions are also influencing factors for the growth of the market. The market growth is expected to be hampered by the increase in competition and several government authorities and concerns related to data privacy and cyber security.
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IoT in Aviation Market Regional Insights
During the forecast period, North America expected to dominate the IoT in Aviation Market with the largest revenue share. The regional market is driven by the adoption of the high level of the technology, increasing demand for the innovative solutions, growing need for ground operations at airports, increasing passenger traffic and a fleet size of airlines, airports and presence of the major airports and leading IoT in aviation companies.
Asia –Pacific is the second-largest growing region in the IoT in Aviation Market. The increasing demand for air-fight connectivity and connected electronic devices and rising investment in the IoT solutions by airline operators and airport authorities, implementation in IoT solutions, increase in the mid-income population opting for air travel are the growth contributors to the regional market.
IoT in Aviation Market Segmentation
By Component
- Hardware
- Software
- Services
By End User
- Airline
- Airport
- MROs
- Manufacturers
By Application
- Ground Operations
- Passenger Experience
- Asset Management
- Air Traffic Management
IoT in Aviation Market Key Players include
- Honeywell International Inc.
- Cisco Systems, Inc.
- IBM Corporation
- SITAONAIR
- Huawei Technologies Co., LTD.
- Tata Sons Private Limited
- Aeris
- Happiest Minds Technologies
- Amadeus It Group Sa
- Tech Mahindra Limited
- Sendum Wireless Corporation
- Microsoft Corporation
- Palantir Technologies
- Walkbase
- Blip Systems
- SAP SE
- Arrow Electronics, Inc.
- Wind River Systems, Inc.
- Zestiot
- Undagrid
Table of for Global IoT in Aviation Market:
- Global IoT in Aviation Market: Research Methodology
- Global IoT in Aviation Market: Executive Summary
- Market Overview and Definitions
- Introduction to the Global 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
- M&A 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(2022-2029)
- Global Market, by Component (2022-2029)
- Global Market, by End User (2022-2029)
- Global Market, by Application (2022-2029)
- Regional Global IoT in Aviation Market(2022-2029)
- Regional Market, by Component (2022-2029)
- Regional Market, by End User (2022-2029)
- Regional Market, by Application (2022-2029)
- Regional 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 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis of the Component, End User, Application and Region
- 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
Key questions answered in the IoT in Aviation Market are:
- What is IoT in Aviation?
- What was the IoT in Aviation market size in 2022?
- What is the expected IoT in Aviation market size by 2029?
- What is the growth rate of the IoT in Aviation Market?
- Which are the factors expected to drive the IoT in Aviation market growth?
- What are the different segments of the IoT in Aviation Market?
- What are the factors restraining the growth of the IoT in Aviation Market?
- What is the demand pattern of the IoT in Aviation Market?
- What are the major challenges that the IoT in Aviation Market could face in the future?
- What segments are covered in the IoT in Aviation Market?
- What are the upcoming industry applications and trends for the IoT in Aviation Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for IoT in Aviation Market?
Maximize Market Research Aerospace and Defense research firm, has also published the following reports:
5G Market in Aviation Market: The market size is expected to reach USD 14.67 Bn by 2029 at a CAGR of 51.4 percent during the forecast period. The market is driven by the adoption of IoT in the aviation industry, the increasing need for fast internet connectivity and deployment of the flying taxis and delivery drones.
Aviation Asset Management Market: The market size is expected to reach USD 377.84 Bn by 2029 at a CAGR of 5.7 percent during the forecast period. The market is driven by the increase in air traffic and rising emphasis on competitive intelligence and analytical solutions, and technological development.
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