IoT in Global Aviation Markets (2019-2025): $1.94 Billion Industry Analysis by End Market, Application, Component & Region
DUBLIN, Dec. 19, 2019 /PRNewswire/ -- The "IoT in Aviation Market by End Market (Airports, Airlines, MROs, Manufacturers), Application (Ground Operations, Passenger Experience, Asset Management, Air Traffic Management), Component, Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The IoT in aviation market is projected to grow from USD 593 million in 2019 to USD 1,941 million by 2025, at a CAGR of 21.9% during the forecast period.
The IoT in aviation market comprises major players such as Microsoft Corporation (US), IBM (US), Huawei (China), Cisco (US), Wind River (US), Amadeus IT Group (Spain), SITAONAIR (Switzerland), Honeywell (US), Blip Systems (Denmark), Tata Sons (India), and Sendum Wireless Corporation (Canada). The study includes an in-depth competitive analysis of these key players in the IoT in aviation market in the industry, with their company profiles, recent developments, and key market strategies.
Increasing operational efficiency and improved passenger experience are expected to drive the IoT in aviation market.
Advancements in wireless network technologies increased efficiency and connectivity, and improved passenger experience are some of the major factors driving the market.
By end market, the airports segment is expected to grow at the highest rate during the forecast period.
By end market, the airports segment is expected to grow at the highest CAGR during the forecast period. Modern-day airport requirements have increased in terms of complexity and scale in comparison to initial days of commercial flying. With growing passenger traffic, airports are finding innovative ways to lower their operational costs and generate new revenue streams. By leveraging technologies such as IoT, airports can enhance their efficiency, specifically in the area of baggage handling, passenger handling, and air traffic control.
By application, the asset management segment is expected to lead the IoT in aviation market during the forecast period.
Asset management helps in business optimization by analyzing various data sets that are gathered, and reduce operational costs. Asset management is further segmented into fleet management, crew management, aircraft maintenance, and aircraft manufacturing.
IoT in aviation market in the Rest of the World is expected to grow at the highest CAGR during the forecast period.
The IoT in aviation market in the Rest of the World is expected to grow at the highest CAGR during the forecast period. The growth of the aviation sector with increasing passenger traffic and aircraft fleet size encourages the adoption of IoT technology in airports and airlines in these regions to reduce operational costs and streamline business processes.
Key Topics Covered
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in IoT in Aviation Market
4.2 By Application
4.3 By End Market
4.4 By Country
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Advancements in Wireless Network Technologies
5.2.1.2 IoT Optimizes Business Processes and Increases Connectivity
5.2.1.3 Improved Passenger Experience
5.2.1.4 Data Gathering
5.2.2 Opportunities
5.2.2.1 Reduction in Operational Expenses
5.2.2.2 Automated Aircraft Monitoring and Reporting
5.2.3 Challenges
5.2.3.1 Concerns Related to Data Privacy and Cybersecurity
5.2.3.2 Multiple Stakeholders in the Aviation Industry
6 Industry Trends
6.1 Introduction
6.2 IoT in Megatrends
6.2.1 IoT in Augmented Reality (AR)
6.2.2 IoT in Blockchain
6.2.3 IoT in Wearables
6.3 IoT in Drones
6.4 Internet of Battlefield Things (IoBT)
6.5 Edge Computing in IoT
7 IoT in Aviation Market, By End Market
7.1 Introduction
7.2 Airports
7.3 Airlines
7.4 Maintenance, Repair, and Operations (MROS)
7.5 Manufacturers
8 IoT in Aviation Market, By Application
8.1 Introduction
8.2 Ground Operations
8.2.1 Passenger Processing
8.2.2 Baggage Tracking
8.2.3 Airport Maintenance
8.2.4 Security & Surveillance
8.2.5 Ground Handling
8.2.6 Location-Based Navigation & Alerts
8.3 Passenger Experience
8.3.1 In-Flight Communication
8.3.2 Connected Cabin
8.3.3 Personalized Customer Service
8.4 Asset Management
8.4.1 Fleet Management
8.4.2 Crew Management
8.4.3 Aircraft Maintenance
8.4.4 Aircraft Manufacturing
8.5 Air Traffic Management
9 IoT in Aviation Market, By Component
9.1 Introduction
9.2 IoT Devices
9.2.1 Sensors & Actuators
9.2.2 Processors
9.2.2.1 Brain of IoT
9.2.3 Beacons
9.2.3.1 Used to Track Passenger Movement and to Navigate Them
9.2.4 Cameras
9.2.4.1 Used for Security & Surveillance
9.2.5 Tags
9.2.5.1 Fixed on Devices That Need to Be Tracked
9.2.6 IoT Gateway & Networking Devices
9.2.6.1 Integration of Protocols for Networking
9.3 IoT Solutions
9.3.1 Software & Applications
9.3.1.1 Enhances Operational Efficiency
9.3.2 Platforms
9.3.2.1 Monitor, Manage, and Control Connected Devices
9.3.2.2 Device Management
9.3.2.3 Application Management
9.3.2.4 Network Management
9.4 Services
9.4.1 Professional Services
9.4.1.1 Deployment, Integration, Consulting, and Maintenance Services
9.4.2 Managed Services
9.4.2.1 Provisioning, Cloud Infrastructure, and Devops Automation
10 Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 US
10.2.1.1 The Necessity to Increase Operational Efficiency is Driving the Market
10.2.2 Canada
10.2.2.1 High Investments in IoT is Expected to Drive the Market
10.3 Europe
10.3.1 France
10.3.1.1 Partnerships Between Aircraft OEMs and IoT Players Driving the Market
10.3.2 UK
10.3.2.1 Adoption of IoT Technology at Airports is Increasing With the Growth in Passenger Traffic
10.3.3 Germany
10.3.3.1 Partnerships Between Airlines and IoT Platform Providers are Driving the Market
10.3.4 Rest of Europe
10.3.4.1 Presences of Major IoT Players is Driving the Market in Rest of Europe
10.4 Asia Pacific
10.4.1 China
10.4.1.1 Large Aircraft Fleet and Initiatives of Digital Transformation Driving the Demand for IoT Technology
10.4.2 India
10.4.2.1 New Airport Projects Driving the Demand for IoT Technology
10.4.3 Japan
10.4.3.1 Advancements in Electronics and the Presence of IoT Players are Driving the Market
10.4.4 Rest of Asia Pacific
10.4.4.1 Demand for IoT is Driven By Increased Passenger Traffic
10.5 Rest of the World
10.5.1 Latin America
10.5.1.1 Presence of Aircraft OEMs Driving the Market
10.5.2 Middle East
10.5.2.1 Airlines & Airports Investing in IoT to Enhance Passenger Experience
10.5.3 Africa
10.5.3.1 Growth in Passenger Traffic Driving the Market
11 Competitive Landscape
11.1 Introduction
11.2 Competitive Analysis
11.2.1 Competitive Leadership Mapping
11.2.1.1 Visionary Leaders
11.2.1.2 Innovators
11.2.1.3 Dynamic Differentiators
11.2.1.4 Emerging Companies
11.3 Competitive Scenario
11.3.1 Contracts and Agreements
11.3.2 New Product Launches
11.3.3 Collaborations and Partnerships
12 Company Profiles
12.1 IBM Corporation
12.2 Huawei Technologies Co. Ltd.
12.3 Cisco Systems, Inc.
12.4 Sitaonair
12.5 Tata Sons Private Limited.
12.6 Honeywell International Inc.
12.7 Aeris
12.8 Happiest Minds Technologies
12.9 Amadeus IT Group S.A.
12.10 Walkbase
12.11 Sendum Wireless Corporation
12.12 Microsoft Corporation
12.13 Palantir Technologies
12.14 Blip Systems
12.15 Tech Mahindra Limited
12.16 SAP SE
12.17 Arrow Electronics, Inc.
12.18 Wind River Systems, Inc.
12.19 Undagrid
12.20 Zestiot
For more information about this report visit https://www.researchandmarkets.com/r/b2awjp
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets
Share this article