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IoT Fueling Aviation Industry With Enhanced Passenger Experience

IoT in Aviation Market expected to grow at a CAGR of 19.3%

The latest market report published by Acute Market Reports IoT in Aviation Market: Growth, Future Prospects, and Competitive Analysis, 2019 – 2027” the global market is worth US$ 554.2 Mn in 2018 and expected to grow at a CAGR of 19.3% during the forecast period from 2019 to 2027.

Market Insights

“Growing need for smart airport accelerating IoT in airports”

The rapid increment in the air travel passengers and growing number of air traffic has demanded the technology such as the internet of things (IoT) which will have a significant impact on streamlining the operations in airports. With millions of connected devices communicating with each other with the launch of 5G technologies in near future, the aviation industry expecting to leverage growing IoT trends and achieve endless benefits such as optimized fleet operations, fuel savings, enhanced safety and security standards, and better MRO shifts.

The IoT technology revolutionizes modern-day flying, radically improvising fleet maintenance, engine performance, and safety. With enhanced MRO scheduling, airlines are experiencing cost-saving in their annual budget. Moreover, there is a high demand for transforming some of the busy airports of the world into smart airports to reduce the burden of over-trafficking and make the passenger experience more comfortable. This has largely influenced the airliners and airport authorities to upgrade their current technology with IoT.

However, IoT is still in a nascent phase and the market players are currently innovating complex systems used in airlines and airports. Furthermore, there is a lack of comparable technological capability across the world which will determine the extent to which IoT will grow in the near future. This will also reduce the growth rate in those technologically less advanced regions of the world.

The overall IoT in the aviation market is competitive in nature and it is growing at a moderate rate. Market players are adopting strategies such as launching new solutions, partnerships, agreements, to stay competitive in the market.

Industrial Developments

• In February 2020, Lufthansa Group, a German airliner renewed its partnership with Amadeus IT Group SA, expanding its collaboration to enhance the passenger experience. Through this agreement, the airline will use Amadeus’s Altéa Passenger Service System (PSS) for reservation, ticketing, inventory, and disruption management. Along with Lufthansa, other airlines such as Austrian Airlines, Brussels Airlines, Swiss International Air Lines, and Air Dolomiti, are also included in the agreement.
• In July 2019, ReFirm Labs, IoT, and firmware security solutions provider announced the strategic technology partnership with Wind River Systems, Inc. Together, both companies will develop the ReFirm Labs’ Centrifuge Platform® for IoT security along with Wind River’s VxWorks® real-time operating system, utilized in commercial airplanes, space exploration, and military operations.

Key Market Movements:

• Base on component, the IoT software segment expected to grow at the fastest rate during the forecast period.
• Base on the application, the ground operation segment expected to grow at the fastest rate during the forecast period.
• Based on end-use, the airport segment expected to drive the major growth of the market during the forecast period.
• Based on region, North America was the largest region of global IoT in the aviation market in 2018. Subsequently, it is estimated that the same region to grow at the fastest rate during the forecast period.

List of Companies Covered:

• IBM
• Microsoft Corporation
• Wind River Systems, Inc.
• Amadeus IT Group SA
• Cisco
• SAP SE
• Huawei Technologies Co., Ltd.
• Honeywell International Inc.
• Aeris
• Sendum Wireless Corporation
• GlobeRanger (Fujitsu)
• and Others

Browse the full report at https://www.acutemarketreports.com/report/iot-in-aviation-market

The Global IoT In Aviation Market is Segmented into:

ATTRIBUTEDETAILS
Research Period2016-2026
Base Year2017
Forecast Period2018-2026
Historical Year2016
UnitUS$ Million
Segmentation By Component Segment (2017-2027; US$ Mn)
 By Application Segment (2017-2027; US$ Mn)
 By End-user Segment (2017-2027; US$ Mn)
 By Geography Segment (2017-2027; US$ Mn)

*Complete segmentation list is on a report page

Table of Contents

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Market Snapshot: Global IoT in Aviation (IoT-A) Market
2.2. Global IoT-A Market, by Component, 2018 (US$ Mn)
2.3. Global IoT-A Market, by Application, 2018 (US$ Mn)
2.4. Global IoT-A Market, by End-user, 2018 (US$ Mn)
2.5. Global IoT-A Market, by Geography, 2018 (US$ Mn)

3. Market Dynamics
3.1. Introduction
3.1.1. Global IoT-A Market Value, 2017 – 2027, (US$ Mn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. Attractive Investment Proposition, by Geography, 2018
3.4. Market Positioning of Key Players, 2018
3.4.1. Major Strategies Adopted by Key Players

4. Global IoT in Aviation (IoT-A) Market, by Component , 2017 – 2027 (US$ Mn)
4.1. Overview
4.2. IoT Hardware
4.3. IoT Software

5. Global IoT in Aviation (IoT-A) Market, by Application , 2017 – 2027 (US$ Mn)
5.1. Overview
5.2. Ground Operations
5.3. Asset Management
5.4. Passenger Experience
5.5. Air Traffic Management

6. Global IoT in Aviation (IoT-A) Market, by End-user, 2017 – 2027 (US$ Mn)
6.1. Overview
6.2. Airlines
6.3. Airports
6.4. MROs
6.5. Manufacturers

7. North America IoT in Aviation (IoT-A) Market Analysis, 2017 – 2027 (US$ Mn)
7.1. Overview
7.1.1. North America IoT-A Market Value and Growth, 2017 – 2027, (US$ Mn)
7.2. North America IoT-A Market Value, By Component, 2017 – 2027 (US$ Mn)
7.2.1. Market Analysis
7.3. North America IoT-A Market Value, By Application, 2017 – 2027 (US$ Mn)
7.3.1. Market Analysis
7.4. North America IoT-A Market Value, By End-user, 2017 – 2027 (US$ Mn)
7.4.1. Market Analysis
7.5. North America IoT-A Market Value, By Region/Country, 2017 – 2027 (US$ Mn)
7.5.1. Market Analysis
7.5.2. U.S.
7.5.3. Rest of North America

8. Europe IoT in Aviation (IoT-A) Market Analysis, 2017 – 2027 (US$ Mn)
8.1. Overview
8.1.1. Europe IoT-A Market Value and Growth, 2017 – 2027, (US$ Mn)
8.2. Europe IoT-A Market Value, By Component, 2017 – 2027 (US$ Mn)
8.2.1. Market Analysis
8.3. Europe IoT-A Market Value, By Application, 2017 – 2027 (US$ Mn)
8.3.1. Market Analysis
8.4. Europe IoT-A Market Value, By End-user, 2017 – 2027 (US$ Mn)
8.4.1. Market Analysis
8.5. Europe IoT-A Market Value, By Region/Country, 2017 – 2027 (US$ Mn)
8.5.1. Market Analysis
8.5.2. U.K.
8.5.3. Germany
8.5.4. France
8.5.5. Rest of Europe

9. Asia Pacific IoT in Aviation (IoT-A) Market Analysis, 2017 – 2027 (US$ Mn)
9.1. Overview
9.1.1. Asia Pacific IoT-A Market Value and Growth, 2017 – 2027, (US$ Mn)
9.2. Asia Pacific IoT-A Market Value, By Component, 2017 – 2027 (US$ Mn)
9.2.1. Market Analysis
9.3. Asia Pacific IoT-A Market Value, By Application, 2017 – 2027 (US$ Mn)
9.3.1. Market Analysis
9.4. Asia Pacific IoT-A Market Value, By End-user 2017 – 2027 (US$ Mn)
9.4.1. Market Analysis
9.5. Asia Pacific IoT-A Market Value, By Region/Country, 2017 – 2027 (US$ Mn)
9.5.1. Market Analysis
9.5.2. Japan
9.5.3. China
9.5.4. India
9.5.5. Rest of Asia Pacific

10. Rest of the World IoT in Aviation (IoT-A) Market Analysis, 2017 – 2027 (US$ Mn)
10.1. Overview
10.1.1. Rest of the World IoT-A Market Value and Growth, 2017 – 2027, (US$ Mn)
10.2. Rest of the World IoT-A Market Value, By Component, 2017 – 2027 (US$ Mn)
10.2.1. Market Analysis
10.3. Rest of the World IoT-A Market Value, By Application, 2017 – 2027 (US$ Mn)
10.3.1. Market Analysis
10.4. Rest of the World IoT-A Market Value, By End-user, 2017 – 2027 (US$ Mn)
10.4.1. Market Analysis
10.5. Rest of the World IoT-A Market Value, By Region, 2017 – 2027 (US$ Mn)
10.5.1. Market Analysis
10.5.2. Middle East & Africa
10.5.3. Latin America

11. Company Profiles
11.1. IBM
11.2. Microsoft Corporation
11.3. Wind River Systems, Inc.
11.4. Amadeus IT Group SA
11.5. Cisco
11.6. SAP SE
11.7. Huawei Technologies Co., Ltd.
11.8. Honeywell International Inc.
11.9. Aeris
11.10. Sendum Wireless Corporation
11.11. GlobeRanger (Fujitsu)

*IoT-A – IoT in Aviation

Unique data points of this report

  • Recent trends across different regions in terms of the development of IoT in the aviation market
  • Attractive investment proposition for application segment as well as geography

Key questions answered in this report

  • What was the market size of IoT in the aviation market in 2018 and forecast up to 2027?
  • What are the key factors driving the global IoT in the aviation market?
  • What are the key market trends and high-growth opportunities observed in the IoT in the aviation market?
  • Which is the largest regional market for IoT in the aviation market?
  • Which segment will grow at a faster pace? Why?
  • Which region will drive the market growth? Why?
  • Which players are leading the IoT in the aviation market?
  • What are the key strategies adopted by the leading players operating in the market?

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