Global IoT in Aviation Market is expected to reach $2,790.38 million by 2027 growing at a CAGR 19.9% during 2018 to 2027.

Thu Jan 9, 2020 - 2:00am GMT+0000

Some of the key players in the IoT in Aviation market are the Blip Systems, Cisco Systems, Inc, Happiest Minds Technologies, Honeywell International Inc, Huawei Technologies Co., LTD, IBM Corporation, Microsoft Corporation, Palantir Technologies, SAP SE, Walkbase, Wind River Systems Inc, and Zestiot.

Gaithersburg, Maryland, United States – January 8, 2020 /MarketersMedia/

Advancements in wireless network technologies, optimization of business processes and increase in connectivity, and improved passenger experience are likely to boost the growth of the IoT in Aviation market. However, concerns related to data privacy and cybersecurity are likely to hamper the profit boundaries.

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Airlines are already using the IoT technology for baggage tracking, cabin climate control, and more. By effectively utilizing IoT, airlines have the tools to greatly reduce or even eliminate the causes of some of the most common complaints in the industry, such as lost bags, flight delays, and customer service issues.

Based on end user, the airport segment is likely to have a huge demand due to the increase in the modern day airport requirements 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.

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By geography, Rest of the World is going to have a lucrative growth during the forecast period owing to the increasing passenger traffic and aircraft fleet size. This factor encourages the adoption of IoT technology in airports and airlines in these regions to reduce operational costs and streamline business processes.

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Components Covered:
• IoT Solutions
• IoT Devices
• Services

End Users Covered:
• Manufacturers
• Maintenance, Repair, and Overhaul (MRO)
• Airports
• Airlines

Applications Covered:
• Passenger Experience
• Air Traffic Management
• Ground Operations
• Asset Management

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
– Market share assessments for the regional and country level segments
– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments, and the regional markets
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements

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Source URL: https://marketersmedia.com/global-iot-in-aviation-market-is-expected-to-reach-279038-million-by-2027-growing-at-a-cagr-199-during-2018-to-2027/88941942

Source: MarketersMedia

Release ID: 88941942

This news is published on Reuters.