About Airline IoT
The Internet of Things (IoT) has been a popular concept in the IT industry and is now being used in every industry. The IoT has enabled the objects to be connected via a network. The adoption of IoT technology by airlines has provided ease to track baggage, handling and integrating data from several sources, and reduces operational expenses. The IoT functionality enables airline manufacturers to monitor planes in near real-time for critical events. The use of RFID reader to ensure every passenger’s load is transporting via a correct flight. The staff sets the flight number and loads are passed through an RFID reader and the client checks the consistency with IoT server and alarms if required. The growing implementation of IoT by airlines globally will boost the market size in upcoming years.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 20.3% |
Airline IoT market is a fragmented market due to the presence of various players. Companies are focusing on developing innovative products and solutions to improve quality, enhances and promotes performance, along with try to incorporate latest technology AI and MI. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Airline IoT market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Accenture plc (United States), Cisco Systems, Inc. (United States), Fujitsu Limited (Japan), Huawei Technologies Co., Ltd. (China), IBM Corporation (United States), SAP SE (Germany), Amadeus IT Group (Spain), Blip System (Denmark), Sabre Corporation (United States) and Siemens AG (Germany are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are SITAONAIR (Switzerland) and Wind River Systems, Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Airline IoT market by , Application (In-flight Entertainment and Connectivity, Fuel management and Energy Savings, Predictive Maintenance and Vehicle Diagnostics, Engine Performance Optimization and Others) and Region.
On the basis of geography, the market of Airline IoT has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Components, the sub-segment i.e. IoT Devices {Beacons, Cameras, Sensors & Actuators, Gateway & Networking Devices, Tags} will boost the Airline IoT market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by IoT Services, the sub-segment i.e. Managed Services will boost the Airline IoT market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Connectivity, the sub-segment i.e. Wi-Fi will boost the Airline IoT market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
IoT in Augmented Reality (AR) and Blockchain
Market Growth Drivers:
Increasing Airline Passengers Worldwide, Easy Baggage Tracking and In-Flight Entertainment Service and Advancements in Wireless Network Technologies
Challenges:
Multiple Stakeholders in the Aviation Industry
Restraints:
Concerns Related to Data Privacy and Cybersecurity
Opportunities:
Growing Deployment of IoT by Airlines in Airport Management System, Reduction in Operational Expenses and Investments in IoT by Airline
Market Leaders and their expansionary development strategies
In February 2023, Cisco launched new innovations in cloud-managed networking, delivering on its promise to help in IT operations, with powerful new cloud management tools for industrial IoT applications, simplified dashboards to converge IT and OT operations.
In October 2019, Schiphol Airport launched its own network for IoT application at the airport. This application involves the option for passengers to share real-time feedback regarding their experiences in the toilet facilities.
Analyst View
IoT enables airline to have real-time monitoring and detailed analysis of critical events. The problems can be resolved before they get worse and spread. Also, IoT allow airlines to connect and gather billions of data points so as to enhance and extend airplane systems management, discover new business insights, advance operations and safety, and improve the entire passenger flight experience.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, IoT Service Providers, Airline Providers, Original Equipment Manufacturers (OEMs), Maintenance Repair and Overhaul (MRO) Providers, Venture Capitalists and Private Equity Firms and Government Regulatory and Research Organizations
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.