A recent report published by Infinium Global Research on the aviation IoT market provides an in-depth analysis of segments and sub-segments in the global as well as regional aviation IoT market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional aviation IoT market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast, and dollar values of the global aviation IoT market. According to the report, the global aviation IoT market is projected to grow at a CAGR of 16.4% over the forecast period of 2019-2025.

Market Insight

IoT can connect all the devices and processes. Aviation IoT makes the travel experience simple and better. It is a better form of connection wherein the airport assets and the sensors are integrated at once. IoT is enabled in F-35 jet aviation and mandated by the Pentagon. It will be tested in all F-35 jets to estimate its capability in cold weather carrier operation, missions. Data is collected by IoT, which helps F-35 jet to get complete information on combat mission’s related ships, ground troops, on and others in between. The main objective of these tests is to solve many problems it was facing over the past decades. The use of IoT is expanding day by day with the increase of users having smart devices at airports. Aviation reliability, quality, customer satisfaction, and fuel efficiency in an industry have been enhanced using IoT. In the coming years, it is expected to grow extensively.

Increasing adoption of In-flight Amusement (IFE) Systems is the factor driving the aviation IoT market. The benefits of IoT including better correspondence conditions and enhance operational productivity are boosting the aviation IoT market. An increase in demand for the assistive technologies for physically challenged travelers is thrusting the aviation IoT market. The increasing demand for cloud-based IoT services and solutions is enhancing the aviation IoT market. The increasing investment in smart airport concept is the factor impelling the aviation IoT market. The increasing demand of connected electronic flight bags and connectivity devices that need help from advanced data capture frameworks is propelling the aviation market. However, high deployment costs and complexities with interoperability are the major factors hampering the aviation IoT market. Moreover, the lack of regularization in the IoT industry is the factor hindering the aviation IoT market. The development of in-flight tracking systems offers favorable opportunities in the aviation IoT market.

Geographically, North America is the dominant region in the aviation IoT market. Increasing demand for the IoT in the aerospace tools is the factor driving the aviation IoT market in North America. Europe holds the second largest market share in the aviation IoT market. Asia-Pacific is expected to grow at a maximum CAGR in the forecast period. The rise in the deployment of assistive technologies coupled with increasing investment in in-flight connective solutions is the factor propelling the aviation IoT market.

Segment Covered

The report on the global aviation IoT market covers segments such as application, end-user, and component. On the basis of application, the sub-markets include the IoT industry for passengers and the IoT industry for aircraft operations. On the basis of end-user, the sub-markets include aircraft, airport, airlines, MRO service providers, and military command center. On the basis of component, the sub-markets include communication services, data center systems, devices, and software.

Companies Profiled:

The report provides profiles of the companies in the market such as Cisco Systems, Inc., Huawei Technologies Co. Ltd., International Business Machine Corporation, Accenture plc, Amadeus IT Group SA, SAP SE, Living PlanIT AG, Microsoft Corporation, Wind River Systems, Inc., and Other Companies.

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of aviation IoT market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.