Global IoT in Aviation Market; by Application Type(Passenger Experience, Air Traffic Management, Ground Operations, Asset Management);By End Market (Lessors, Airlines, MRO, Manufacturers, and Airports); and Region –Analysis of Market Size, Share & Trends for 2016 – 2019 and Forecasts to 2030

Product Overview

IoT is an internet-associated network of physical devices, sensors and various machines for powerful communication of information. In comparison to standard structures it generates sound correspondence conditions and improves organizational efficiency by increasing the speed of correspondence. IoT develops process capabilities by facilitating continuous business choices at a fundamental sensor level with a figure and capability limit. The growth of the aviation IoT market over the figure time frame is likely to generate an interest in consciously and spry ideas.Differing partners may exchange information between airline, terminal administrators and travelers with a dynamic and shared structure. In order to develop auxiliary products and management for customers, extension of use of IoT environments is possible in skillful and complex aircraft terminal vision.

Market Highlights

Fatpos Global anticipates the IoT in Aviation market to surpass USD XX Billion by 2030, which is valued at XX billion in 2019 at a compound annual growth rate of XX%. This growth is anticipated dueincreasing mergers and acquisitions across various sectors which will create a worldwide demand for IoT in Aviation’s. The increased performance, accessibility and passenger experience of the wireless network technology are some of the major drivers of the industry. In addition, decreased costs and transactional challenges lead to market growth.

Recent Highlights in theIoT in Aviation market

• In July 2018, Fujitsu collaborated with Airbus to enhance the inspection, repair and other day to day tasks of operations. This partnership benefitted both the companies and they were faced with better efficiencies of MRO and longer flights efficiencies.

IoT in AviationMarket: Segments

Global market has been segmented on the basis of End market, application type, and industry vertical and by location. It has been further segmented on the basis of region into North America, Europe, Asia-Pacific, Mid East and Africa.

The passenger Experience segmentis anticipated to register XX% of the volume share and is expected to grow at a highest CAGR.

Global IoT in Aviation Market is segmented by Application type into passenger Experience, Air Traffic Management, Ground Operations, and Asset Management. The use of biometrics for passenger screening in the aviation industry provides the ability to collect data for airlines and aviation. The storage of passenger information for biometrics and for ID tracking/management can improve their safety by airlines and airports. Most passengers use a smartphone to quickly connect baggage tracking features, alerts, and customized services to their aviation.

Airlines segment accounted for XX% of the global volume in 2019 and is anticipated to grow at the highest CAGR.

The global IoT in Aviation market is segmented by end market into Lessors, Airlines, MRO, Manufacturers, and Airports. In 2019, the airline segment market is expected to dominate the IoT in the airlines market. Aircraft stationed on the base for a longer time is of great concern to the aviation business as they work under a small profit margin, and thus operating losses can occur. The use of airlines' IoT systems eliminates some of the industry's most common issues, such as loss of luggage, flight delays and issue related to customer service. The region segment can be further divided into five major types including North America, Latin America, Europe, APAC and MENA.

GlobalIoT in AviationMarket: Market Dynamics

High usage in monitoring and tracking and various building operations to increase the market growth of the IoT in aviation market

IoT in Aviation supports both airport and airline operations to be tracked. It helps to monitor all passengers' products. Moreover, it is commonly used for terrorist and customary operations in the aviation industry worldwide. The innovation in the IoT devices which contributes to improved surveillance efficiency will serve as an occasion and will contribute to market growth.IoT devices are commonly used for the control and monitoring of electrical, mechanical and electronic systems in various types of buildings which include commercial, public, institutional, private or apartment buildings. This tool contributes to improving monitoring performance and to rising demand in all sectors and contributes to market growth.

Lack of standardization to hamper the growth of the IoT in aviation market

Lack of legislation and universal standards, slow integration, and a reluctance to adapt is expected to impede market growth of IoT in the aviation industry.

Global IoT in Aviation Market: Regions

The region segment can be further divided into five major types including North America, Latin America, Europe, APAC and MENA. Global need to enhance airport operations drive investments in IoT as this technology will contribute to consistency and transparency in the operation of airports. In terms of technology and infrastructure, North America is the most developed region. Increasing airlines and airports use of technology in this area is one of the key factors that influence the area’s development. The involvement of key players on the markets and major airports is essential to the development of the IoT in aviation industry in the region.

GlobalIoT in Aviation market is further segmented by region into:

• North America Market Size, Share, Trends, Opportunities, Y-o-Y

            Growth, CAGR – United States and Canada

• Latin America Market Size, Share, Trends, Opportunities, Y-o-Y

            Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America

• Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth,

            CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium,

 Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia,

            Turkey and Rest of Europe

• APAC Market Size, Share, Trends, Opportunities, Y-o-Y Growth,

            CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New

            Zealand, Australia and Rest of APAC

• MENA Market Size, Share, Trends, Opportunities, Y-o-Y Growth,

            CAGR – North Africa, Israel, GCC, South Africa

GlobalIoT in AviationMarket: Key Players

• Microsoft Corporation
  • Company Overview
  • Business Strategy
  • Key Product Offerings
  • Financial Performance
  • Key Performance Indicators
  • Risk Analysis
  • Recent Development
  • Regional Presence
  • SWOT Analysis
• Zamna Technologies
• Winding Tree
• Filament
• Insolar Technologies
• Moog Inc.
• IBM
• Aeron Labs
• Volantio Inc
• Other prominent players

Global IoT in Aviationmarket report also contains analysis on:

• IoT in Aviation Market Segments:
• By Applicationtype:
  • Passenger Experience
  • Air Traffic Management
  • Ground Operations
  • Asset Management
• By End market:            
  • Lessors
  • Airlines
  • MRO
  • Manufacturers
  • Airports
• IoT in Aviation Market Dynamics
• IoT in Aviation Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints