Press release
IoT in Aviation Market is Projected to Reach USD 8.13 Billion by 2030: Cognitive Market Research
IoT in Aviation Market is Projected to Reach USD 8.13 Billion by 2030: Cognitive Market Research
What is IoT in aviation?
The Internet of Things incorporation of software and hardware, which is designed to exchange data over a wireless network. The aviation company has started the Internet of Things adoption to improve operations. This is not required aids and human interface in decreasing the need for interferon manually. IoT is used in various airports for air traffic management, baggage tracking, in-flight communication, and others. In addition, the airline industry started IoT-based solutions implement for enhancing cabin passenger experience, aircraft monitoring, and others.
Summary:
• As per the study of CMR, The Global IoT in Aviation Market size was valued at USD 2.41 Billion in 2022 and will grow at a CAGR Of 19.8 % during the forecast period, reaching USD 8.13 Billion by 2030.
• Based on the component, the hardware segment has the largest revenue share in the IoT in the aviation market.
• Based on end-user, the airport segment has the major revenue share in the IoT in the aviation market.
• Based on application, the asset management segment has the largest market share in the IoT in the aviation market.
• North America has the largest revenue share in the IoT in the aviation market.
To know more about The IoT in Aviation Market statistics click here: https://www.cognitivemarketresearch.com/iot-in-aviation-market-report
Market Dynamics:
IoT in Aviation Market Drivers:
Increasing demand for IoT in aviation in all sectors owing to wireless network technology advancement is the major factor likely to drive the growth of the IoT in the aviation market. In addition, increasing data gathering, business processes, and connectivity to improve the passenger experience are likely to boost the demand for the IoT in the aviation market.
IoT in Aviation Market opportunities:
Increasing demand for air traffic solutions in developing countries and aircraft monitoring will present growth opportunities for the IoT in the aviation market in the forecast period. In addition, decreasing operational expenses is projected to create growth opportunities for the IoT in the aviation market.
IoT in Aviation Market Restraints:
Concerns associated with many stakeholders in the aviation sector may hamper the growth of the IoT in the aviation market. In addition, risks related to cyber security and data privacy are anticipated to hinder the growth of the IoT in the aviation market.
Market Segmentation:
Component:
• Services
• Hardware
• Software
Based on the component, the hardware segment has the largest revenue share in the IoT in the aviation market. This is due to the increasing demand for IoT in aviation in hardware components is projected to drive the demand for this segment in the target market.
End User:
• Manufacturers
• Airline
• MROs
• Airport
Based on end-user, the airport segment has the major revenue share in the IoT in the aviation market. This owing to the increasing popularity of smart airports in various regions and improved operational flow and proficiency of the airport is likely to boost the growth of this segment.
Application:
• Asset Management
• Ground Operations
• Air Traffic Management
• Passenger Experience
Based on application, the asset management segment has the largest market share in the IoT in the aviation market. This is attributed to aviation companies having various expensive assets, which are increasing operating costs. In addition, asset management provides several solutions to enhance the productivity of fleet and crew operations is expected to propel the demand for this segment in the target market.
Competitive Analysis of IoT in Aviation Market: Microsoft Corporation, Blip System, Cisco, IBM, Honeywell, Wind River, SAP SE, Amadeus IT Group
Get free sample pages of the latest published IoT in Aviation Market Report: https://www.cognitivemarketresearch.com/iot-in-aviation-market-report
Regional Analysis:
North America accounted for the largest share of the IoT in the aviation market.
North America has the largest revenue share in the IoT in the aviation market. This is due to various technology industries and advanced technology adopters in the region. In addition, the continuous rollout of sophisticated aviation infrastructure in the U.S. to improve the experience of passengers is anticipated to fuel the IoT in the aviation market in the forecast period.
Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global IoT in Aviation Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 IoT in Aviation Market Segmentation
1.5.1 IoT in Aviation Market Regional Fragmentation
1.5.1 IoT in Aviation Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of IoT in Aviation Market
• 3.1 Global IoT in Aviation Market Size 2018 - 2030, (USD Million)
• 3.2 Global IoT in Aviation Value, Absolute & Opportunity Analysis
• 3.3 Global IoT in Aviation Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
• 3.4 Global IoT in Aviation Market Statistics 2022: Snapshot
Chapter 4 Global IoT in Aviation Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global IoT in Aviation Market by Component Segmentation Analysis (2018-2030)
Chapter 10 Global IoT in Aviation Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global IoT in Aviation Market by End User Segmentation Analysis (2018-2030)
Chapter 12 Global IoT in Aviation Market Regional Analysis
Chapter 13 North America IoT in Aviation Market Outlook (2018 - 2030)
Chapter 14 Europe IoT in Aviation Market Outlook (2018 - 2030)
Chapter 15 Asia Pacific IoT in Aviation Market Outlook (2018 - 2030)
Chapter 16 Latin America IoT in Aviation Market Outlook (2018 - 2030)
Chapter 17 Middle East and Africa IoT in Aviation Market Outlook (2018 - 2030)
Chapter 18 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
To know more about The IoT in Aviation Market TOC click here:
Related Report:
• IOT Identity Access Management Market- https://www.cognitivemarketresearch.com/iot-identity-access-management-market-report
• IoT in Defence Market- https://www.cognitivemarketresearch.com/iot-in-defence-market-report
• Commercial Aircraft Avionics Systems Market- https://www.cognitivemarketresearch.com/commercial-aircraft-avionics-systems-market-report
• IoT in Aerospace and Defense Market- https://www.cognitivemarketresearch.com/iot-in-aerospace-and-defense-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
20 N State Street,Chicago,
Illinois, 60602
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Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operating across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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