Aviation IoT Market: Industry Size, Opportunities and Forecast 2022-2027
The IMARC Group provides extensive analysis of the aviation IoT industry covering the market trends, investment opportunities, growth trends, statistics, and industry prospects. The report offers a comprehensive analysis of the industry, which comprises insights on aviation IoT market size, share, trends, analysis, growth, demand, statistics, and overview. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report. The market is segmented by size and region. The report provides an analysis of the key trends in each sub-segment of the market, along with forecasts at the global and regional level from 2022-2027. The report also includes competitive landscape of major key players in the industry along with emerging trends in the market.
Informed covered in the report:
- Historical market data from 2016-2021
- CAGR of the market during the forecast period 2022-2027
- Detailed information on factors that will drive market growth during the next five years
- Precise estimation of the Keyword market size and its contribution to the parent market
- Upcoming market trends and changes in consumer behavior
- A thorough analysis of the market’s competitive landscape and detailed information on key players
- Comprehensive details of factors that will challenge the growth of smart meters market key players
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The global aviation IoT market is expected to exhibit a CAGR of 22.3% during 2022-2027. The internet of things (IoT) is widely utilized in the aviation industry for facilitating real-time business decisions. It assists in simplifying underlying processes and increasing workforce productivity. It also aids in interchanging information between airlines, airport operators, and passengers. Moreover, as it enhances the overall customer experience, the demand for aviation IoT is escalating around the world.
Aviation IoT Market Trends:
Significantly increasing air passenger traffic represents one of the key factors strengthening the market growth. Apart from this, the growing adoption of the digital ecosystem is positively influencing the market. Furthermore, leading players are considerably investing in biometrics technologies, including facial recognition and fingerprint sensors, to automate the verification processes. This, along with the introduction of assistive technologies, such as mobility solutions and support for differently abled passengers, is creating a favorable market outlook. The market is further impelled by the integration of IoT with robotics and artificial intelligence (AI) for generating service delivery improvements in the aviation sector. Looking forward, IMARC Group expects the global aviation IoT market to continue its robust growth during the forecast period (2022-2027).
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
- Accenture plc
- Aeris Communications Inc.
- Amadeus IT Group SA
- Cisco Systems Inc.
- Honeywell International Inc.
- Huawei Technologies Co. Ltd.
- International Business Machines Corporation
- Microsoft Corporation
- SITA
- Tata Communications
- Tech Mahindra
- Wind River Systems Inc.
Market Segmentation:
Breakup by Application:
- Ground Operations
- Passenger Experience
- Aircraft Operations
- Asset Management
Breakup by End Use:
- Airport
- Airline Operators
- MRO
- Aircraft OEM
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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