IoT in Aviation Market

An IoT environment consists of network-enabled smart devices that use entrenched systems such as processors, communication hardware, and sensors for effective communication of data. IoT integrates data from various devices and uses analytics to share valuable information with applications built to address specific needs. With the development of digital technologies, the aviation industry provides unique customer experiences and enhances the productivity of the workforce. Implementation of IoT in the Aviation industry would create numerous opportunities related to enhancement in service delivery.

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Rising air passenger traffic, emerging need to manage luggage inside the airports, innovations in the wireless networking technologies and growing emphasis on improving passenger experience are the major factors fueling the IoT in aviation market share. Increasing incorporation of automation systems in the aviation industry to optimize business flow and cope up with rising passenger traffic is projected to expand the market growth. Also, the adoption of advanced predictive software by airlines to predict the malfunctioning component and optimize equipment downtime, will offer enormous opportunities for the market. Various government agencies have invested in the development of smart airport infrastructure to improve the passenger experience will further add to the IoT in aviation industry growth. For instance, the use of advanced facial recognition AI to ensure security, efficiency, and accuracy while validating the passenger details to reduce the waiting times associated with the check-in procedures while reinforcing the biometric airport screening processes has strengthened the market growth. In addition, the increasing inclination for automation systems and growing application of Internet of Things for aircraft monitoring and improving the MRO Services, are some of the additional factors boosting the IoT in aviation market share.

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On the basis of end market, the airline segment is expected to register a faster CAGR during the forecast period. As the integration of IoT in airlines would help in resolving most of the passengers’ complaints including, flight delays, loss of baggage, and loopholes in customer service. Through the integration of IoT airlines would also be able to extract the desired information required to rectify and resolve mechanical issues before they occur.

Based on the component, the service segment would witness a faster CAGR due to the increasing demand for professional services such as network management, support service, training, and server management.

On the basis of application, the fleet management segment is witnessing a higher CAGR as the IoT in fleet management provides various benefits such as optimizing maintenance, routing, fuel management, and others.

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On the basis of region, the North America region is expected to grow at a higher CAGR during the forecast period in IoT in Aviation market in 2019. This is attributed to the rising focus of aviation industry toward upgradation of ageing infrastructure and the need for optimizing airport operations. On the other hand, the Asia-Pacific region is expected to dominate the market during the forecast period due to the increasing investment by operators to enhance in-flight connective solutions.

The major key players in the market include Microsoft Corporation, Huawei Technologies Co. Ltd, IBM Corporation, Honeywell International Inc, Arrow Electronics, Inc, Cisco Systems Inc, Amadeus IT Group, Blip Systems, SITAONAIR, and Tata Sons, among others.

Key Developments

• • In 2019, Arrow Electronics and IBM designed airport operations solution, with an intent to reinvent airport operations with advanced internet of things (IoT) solution. The solution depends on an Arrow-designed and sourced set of IoT sensors and gateways. Airport operators can produce enhanced operational insights that optimise equipment maintenance to prevent downtime and enhance the traveller experience.
  • In October 2018, Cisco Systems Inc, partnered with Abu Dhabi Airports Company (ADAC) to bring digital transformation at UAE’s capital airport. In this partnership, Cisco System Inc, deployed its IoT solutions, which assisted connecting devices and analyses critical data for delivering value to ADAC’s customers and key partners.
  • In May 2018, Honeywell International Inc, partnered with AT&T one of the telecommunication company, in order to provide IoT solutions for aircraft and freight deployments across the world.

The Global IoT in Aviation market has been segmented, based on end market, component, application, and region. Based on end market, the market is segmented into Airlines, Airports, MROs, Manufacturers. Based on component, market is segmented into solution and service. Based on application, market is segmented into Ground Operations, Baggage Tracking, Passenger Processing, Airport Maintenance, Ground Handling, Security & Surveillance, Passenger Experience, In-flight Communication, Asset Management, Aircraft Manufacturing, Fleet Management, Crew Management, Air Traffic Management, Connected Cabin, Personalized Customer Service, and Location-based Navigation & Alerts.

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Key questions answered in this research report:

• • At what pace is the global IoT in Aviation market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in the global IoT in Aviation market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the global IoT in Aviation market?
  • What are the various application areas of the global IoT in Aviation market, and how are they poised to grow?
  • Which Component generated maximum revenues in 2019 and identify the most promising Component during the forecast period?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global IoT in Aviation Market by End Market

• • Airlines
  • Airports
  • MROs
  • Manufacturers

Global IoT in Aviation Market by Component

• • Solution
  • IoT Devices
    • Sensors & Actuators
    • Beacons
    • IoT Gateway & Networking Devices
    • Processors
    • Tags
    • Cameras
  • IoT Platforms
    • IoT Solutions
    • Software & Applications
  • Service
  • Managed Services
  • Professional Services

Global IoT in Aviation Market by Application

• • Ground Operations
  • Passenger Processing
  • Baggage Tracking
  • Airport Maintenance
  • Security & Surveillance
  • Ground Handling
  • Location-based Navigation & Alerts
  • Passenger Experience
  • In-Flight Communication
  • Personalized Customer Service
  • Connected Cabin
  • Asset Management
  • Fleet Management
  • Crew Management
  • Aircraft Maintenance
  • Aircraft Manufacturing
  • Air Traffic Management

Global IoT in Aviation Market by Region

• • North America IoT in Aviation Market (Option 1: As a part of the free 25% customization)
    • By End Market
    • By Component
    • By Application
    • US Market All-Up
    • Canada Market All-Up
  • Europe IoT in Aviation Market (Option 2: As a part of the free 25% customization)
    • By End Market
    • By Component
    • By Application
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific IoT in Aviation Market (Option 3: As a part of the free 25% customization)
    • By End Market
    • By Component
    • By Application
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • ROW IoT in Aviation Market (Option 4: As a part of the free 25% customization)
    • By End Market
    • By Component
    • By Application
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating the IoT in Aviation (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Microsoft Corporation
  • IBM Corporation
  • Cisco Systems Inc.
  • Huawei Technologies Co Ltd.
  • Honeywell International Inc
  • Arrow Electronics, Inc.
  • Amadeus IT Group
  • Blip Systems
  • SITAONAIR
  • Tata Sons