image

IoT in Aviation Market Report Scope & Overview:

The IoT in Aviation Market Size was valued at USD 1078.61 million in 2022 and is expected to reach USD 5293 million by 2030 with a growing CAGR of 22% over the forecast period 2023-2030.

Internet of Things is a combination of functional and information technology integrated with visual intelligence to manage, send, and receive data without human interference. Technology benefits from analyzing human efforts and minimizing the need for personal interference. Machine-to-machine data produced has a wide range of uses but is often seen as a means of determining the health and condition of inanimate or inanimate matter.

IoT in Aviation Market Revenue Analysis

To get more information on IoT in Aviation Market - Request Free Sample Report

Utilizing IoT solutions and services will add a new dimension to the complete digital transformation of the aircraft. IoT in Aviation is selected in a variety of industries and systems because of its features that include security, maintenance, efficiency, security, and customer information, and personalization. Innovation in IoT in the aviation industry paves the way for improved security and efficiency. Aviation IoT offers a wide range of applications for security and surveillance, connected cabinet, cargo tracking, aircraft traffic management, aircraft communications, and more.

Advances in Artificial Intelligence and Mechanics have great potential to stimulate market growth. This technology can be applied to a number of applications related to the aviation industry. For example, advanced face recognition AI is widely used to ensure safety, efficiency, and accuracy while ensuring passenger details. This in turn helps to reduce the waiting times associated with entry procedures while strengthening the biometric airport inspection procedures. Strong investment by government officials to build smart aviation infrastructure and greater competition between airlines to improve passenger information has particularly highlighted the implementation of IoT in the aviation industry.

MARKET DYNAMICS

KEY DRIVERS

  • Optimize business processes and improve connectivity

  • Advances in wireless technology and improved passenger experience

OPPORTUNITIES

  • Operational Expenses  in reduction

  • Automated Aircraft Monitoring and Reporting

CHALLENGES

  • Concerns Related to Data Privacy and Cyber security

  • Multiple Stakeholders in the Aviation Industry

IMPACT OF COVID-19

The outbreak of the COVID-19 epidemic has had a profound effect on the business and industry of the aviation industry. Although the movement of passengers to domestic and international flights has been relatively easy since Q3/2020, recovery is slow. According to our research results, the domestic aviation market is expected to recover faster than its international counterparts. Government policy and guidelines regarding commercial air transport are also expected to have a direct impact on passenger capacity.

Airport participants and pilots complied with safety regulations by using advanced no-frills solutions for passengers. The deployment of IoT equipment is expected to gain momentum as most airport employees invest in hygienic methods and use touch-less technology. IoT has the potential to transform the current environment into intelligent infrastructure and improve overall business processes. Gathering vital information for the analysis and development of health-related decisions has become a modern phenomenon used in the aviation industry. Real-time temperature monitoring and infection detection have become an integral part of the journey. IoT devices with advanced temperature monitoring systems help monitor passengers' health and transmit information to affected authorities in real time.

Personal Electronic Device can play an important role in ensuring passenger safety during the COVID post-operative environment. The integration of IoT devices at airports with PEDs is expected to provide a wide range of self-help options and provide real-time data while helping to avoid direct contact and reduce line time. As a result, the epidemic is expected to encourage investment in IoT technology, thereby accelerating market growth.

The aviation industry has to deal with a few expensive assets, which can lead to higher operating costs. During this time, the increase in ship size in line with the growth of passenger traffic highlights the importance of cargo handling and tracking to achieve maximum efficiency. Aircraft asset management offers a variety of solutions to improve the overall productivity of personnel and aircraft operations. Part of the passenger experience is expected to emerge as the fastest growing segment, registering a CAGR of 24.4% from 2022 to 2028. The commercial aerospace industry utilizes technological advances to improve passenger knowledge. Using advanced technologies, such as bacon, NFC, and Wi-Fi, to engage passengers and understand their needs allows service providers to offer the best personal services. Access to a variety of information and infotainment systems may enhance the feeling of travel and eliminate unnecessary confusion that passengers experience during the journey.

It is also expected to emerge as the fastest growing segment in the forecast period in line with the growing popularity of the smart airport concept in various regions. IoT may open up opportunities for those in the aviation industry to provide solutions for passenger congestion, cargo management, and site management, and thereafter improve airport efficiency and efficiency. Partnerships between IoT service providers and airport operators are expected to create significant partial growth opportunities in the forecast period.

The proportion of pilots is growing steadily as airlines focus more and more on generating more revenue. IoT can play an important role in providing access to a variety of real-time data for airlines and in developing cabinet information for passenger aircraft. The proliferation of smartphones drives the need for internet connection to the aircraft and personalized entertainment solutions, thus opening up opportunities for airlines to maximize profits. The increasing adoption of smart cargo monitoring and climate control solutions in an upgraded cabinet to improve the mood of all passengers also contributes to partial growth.

KEY MARKET SEGMENTATION

By Component

  • IoT Devices

  • IoT Solutions

  • Services

By Application

By End Market

  • Airports

  • Airlines

  • MROs

  • Manufacturers

IoT in Aviation Market Segmentation Analysis

Need any customization research on IoT in Aviation Market - Enquiry Now

REGIONAL ANALYSIS

During the projected period, North America is expected to be the largest market for IoT in aviation. The global desire to optimize airport operations is driving investments in IoT, as deploying this technology has the potential to increase transparency in airport operations. Airports must make data-driven decisions by using new technologies such as IoT, AI, and Block-chain as passenger volume and airline fleet size grow.

Asia Pacific is predicted to emerge as the fastest-growing geographical market, The increase in the mid-income population opting for air travel, strong expenditures in smart airport construction, and the expansion of airline operations in Asia Pacific can all be contributed to the boom. Domestic air travel has increased significantly in developing countries such as India and other Southeast Asian countries. Government measures to connect new air routes, such as India's Regional Connectivity Scheme, and a significant emphasis on improving handling capacity are some of the essential drivers driving regional market growth.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

KEY PLAYERS

The Major Players are Happiest Minds Technologies, Amadeus It Group Sa, Walkbase, IBM Corporation, Huawei Technologies Co., LTD., Cisco Systems, Inc., SITAONAIR, Tata Sons Private Limited., Honeywell International Inc., Aeris, and other players

Happiest Minds Technologies-Company Financial Analysis

​​​​​​​

IoT in Aviation Market Report Scope:

Report Attributes Details
Market Size in 2022 US$ 1078.61 Million
Market Size by 2030 US$ 3556.51 Million
CAGR CAGR of 22% From 2023 to 2030
Base Year 2022
Forecast Period 2023-2030
Historical Data 2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Component (IoT Devices, IoT Solutions, and Services)
• By Application (Ground Operations, Passenger Experience, Asset Management, and Air Traffic Management)
• By End Market (Airports, Airlines, MROs, and Manufacturers)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Happiest Minds Technologies, Amadeus It Group Sa, Walkbase, IBM Corporation, Huawei Technologies Co., LTD., Cisco Systems, Inc., SITAONAIR, Tata Sons Private Limited., Honeywell International Inc., Aeris, and other players.
DRIVERS • Optimize business processes and improve connectivity
• Advances in wireless technology and improved passenger experience
RESTRAINTS • Operational Expenses  in reduction
• Automated Aircraft Monitoring and Reporting

Frequently Asked Questions

According to SNS insiders, the IoT in Aviation Market size was USD 1078.61 million in 2022 and is expected to reach USD 3556.51 million by 2028 with a CAGR of  22% over the forecasted period

Concerns Related to Data Privacy and Cyber security and market has certain opportunity like Automated Aircraft Monitoring and Reporting

Financial, Products/ Services Offered, SWOT Analysis, The SNS view.

The aftermarket segment is projected to be the leading market during the forecasted period.

E-navigation, 3D printing, 3D sonar, 5G connectivity, and mobile navigation application are the few recent development causing the market to growth.

Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia War

4.3 Impact of Ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies

4.3.2.1 US

4.3.2.2 Canada

4.3.2.3 Germany

4.3.2.4 France

4.3.2.5 United Kingdom

4.3.2.6 China

4.3.2.7 Japan

4.3.2.8 South Korea

4.3.2.9 Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7.  PEST Analysis

8. IoT in Aviation Market Segmentation, by Component

8.1 IoT Devices

8.2 IoT Solutions

8.3 Services

9. IoT in Aviation Market Segmentation, by Application

9.1 Ground Operations

9.2 Passenger Experience

9.3 Asset Management

9.4 Air Traffic Management

10. IoT in Aviation Market Segmentation, by End Market

10.1 Airports

10.2 Airlines

10.3 MROs

10.4 Manufacturers

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2 Canada

11.2.3 Mexico

11.3 Europe

11.3.1 Germany

11.3.2 UK

11.3.3 France

11.3.4 Italy

11.3.5 Spain

11.3.6 The Netherlands

11.3.7 Rest of Europe

11.4 Asia-Pacific

11.4.1 Japan

11.4.2 South Korea

11.4.3 China

11.4.4 India

11.4.5 Australia

11.4.6 Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1 Israel

11.5.2 UAE

11.5.3 South Africa

11.5.4 Rest

11.6 Latin America

11.6.1 Brazil

11.6.2 Argentina

11.6.3 Rest of Latin America

12. Company Profiles

12.1 Honeywell International Inc.

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 Happiest Minds Technologies

12.3 Amadeus It Group Sa

12.4 Walkbase

12.5 IBM Corporation

12.6 Huawei Technologies Co.

12.7 LTD., Cisco Systems, Inc.

12.8 SITAONAIR

12.9 Tata Sons Private Limited.

12.10 Aeris

13. Competitive Landscape

13.1 Competitive Benchmarking

13.2 Market Share analysis

13.3 Recent Developments

14. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.

 

The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.

Data Bank Validation

Step 4: QA/QC Process

After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.

Step 5: Final QC/QA Process:

This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.


  •            5000 (33% Discount)


  •            8950 (40% Discount)


  •            3050 (23% Discount)

Start a Conversation

Hi! Click one of our member below to chat on Phone