About Aviation IoT Solutions
Aviation IoT solutions are the IoT devices, sensors, networking devices, IoT-based services, etc which provide communication with digital systems and help in ensuring the smooth flow of aviation operations. These solutions overall improve the customer experience and enhance the productivity and efficiency of the aviation industry. The IoT solutions are installed for managing ground operation, asset management, security & surveillance, providing personalized customer services, crew management, and various other departments of the aviation industry.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.7% |
Analyst at AMA Research estimates that united States Players will contribute the maximum growth to Global Aviation IoT Solutions 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.
IBM (United States), Microsoft (United States), Cisco Systems, Inc. (United States), Tata Communications (India), Honeywell Aerospace (United States) and GE Digital (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Amadeus IT Group (Spain) and SITAONAIR (Switzerland).
Segmentation Overview
AMA Research has segmented the market of Global Aviation IoT Solutions market by , Application (Ground Operation, Asset Management, Security & Surveillance, Personalized Customer Service, Crew Management and Others) and Region.
On the basis of geography, the market of Aviation IoT Solutions 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. Systems will boost the Aviation IoT Solutions market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Products, the sub-segment i.e. IoT Devices will boost the Aviation IoT Solutions market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Airports will boost the Aviation IoT Solutions market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Innovation and Upgradation in Aviation Sector
Market Growth Drivers:
Demand for the Productivity and Improved Customer Experience in Aviation Industry and Automation in Aviation Companies with the Entire Digital transformation Process
Challenges:
Technical Glitches and Server related Problems with Aviation IoT Solutions
Restraints:
Major Hindrances to Aviation Industry Due to COVID Regulations and Guidelines
Opportunities:
Rising Companies Investment in the Aviation IoT Solutions Projects and Surging Air Traffic will Boost the Aviation IoT Solutions Market
Market Leaders and their expansionary development strategies
In March 2023, KORE Group Holdings, Inc. a global leader in Internet of Things ("IoT") Solutions and worldwide IoT Connectivity-as-a-Service ("IoT CaaS"), announced today the signing of a definitive agreement to acquire Twilio's IoT business unit as part of a growth strategy to provide customers with a unified, seamless approach to launching IoT solutions as the world's leading pure-play IoT provider. As consideration for the acquisition
In February 2021, GE Digital and Teradata announced the release of a new GE Digital software solution that integrates with Teradata Vantage, the cloud data analytics platform, to provide blended enterprise and operations data in an aviation-specific data model. The solution, Flight Data Link, helps accelerate airlines’ digital transformation - driving reduced expenses and greater insights into operations by integrating customer, maintenance, and supply chain data.
Key Target Audience
Aviation IoT Solutions Developers, Aviation IoT Solutions Distributors and Suppliers, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
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.