Airline IoT Industry Size is expected to reach USD 593 Million by 2030, registering a CAGR of 21.8% during 2020-2030.
The global Airline IoT Industry has been segmented based on application, component, and region.
The airline IoT market research is divided into fleet management, passenger experience enhancement, and other processes. The fleet management segment is further segmented as engine performance optimization, predictive maintenance & vehicle diagnostics, and fuel management & energy savings, whereas, the passenger experience enhancement segment is further segmented as in-flight entertainment and connectivity solutions, hyper personalization, and track & trace. The fleet management segment accounted for the largest market size while the passenger experience enhancement segment is expected to witness the highest CAGR during the forecast period. IoT can help enhance passenger experience in numerous ways. For example, passengers can be provided VR headsets for a unique entertainment experience. Data on passenger preferences can be collected and analyzed to gain useful insights to personalize offerings for upcoming trips.
Based on component, the Airline IoT Industry is divided into IT services, software, data center systems, communication services and devices. The IT services segment accounted for the largest market share while the software segment is expected to witness the highest CAGR during the forecast period. Various software is used by the airline. For instance, aviation maintenance software is used to perform routine checks on or modifications to work orders at predefined intervals and set schedules. It is also used for non-routine work orders for unplanned repairs discovered when the aircraft is on ground. The positioning and parking assistance software provides feedback to the pilots to estimate standoff, marking lines, and taxi lines, allowing them to remain clear of obstructions.
The airline IoT market player are Amadeus IT Group SA (Spain), SAP SE (Germany), Cisco Systems, Inc. (US), Huawei Technologies Co., Ltd (China), SITA (Switzerland), IBM Corporation (US), Microsoft Corporation (US), Oracle Corporation (US), Siemens AG (Germany), and Sabre Corporation (US).
The market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa and Latin America. In 2017, North America accounted for the largest market share, whereas, Asia-Pacific is projected to be the fastest-growing regional market during the review period. This growth can be attributed to the increasing demand for commercial aircraft and rise in number of airlines in countries such as China, and India.
Aviation IoT Market Report Information: By Application (Airline, Airport, Air traffic management), By Component (Communication services, Data center systems, Devices, IT Services, Software’s), By End Users (Airline, Airport, Air traffic management), By Region (North America, Europe, APAC, MEA, Latin America) - Global Forecast to 2030
High-performance Composites Market - Information by Material (Resins, Fibers), Application (Automotive, Aerospace, Consumer Goods, Construction, Electronic, Energy, Others) and Region (North America, Asia-Pacific, Europe, Latin America) Forecast till 2030
About Market Research Future:
Market Research Future (MRFR) is a global market research company that prides itself on its services, offering comprehensive and accurate analysis with respect to various markets and consumers worldwide. Market Research Future has the distinguished goal of providing customers with optimal quality research and granular research. Our market research by products, services, technologies, applications, end users, and market players for global, regional, and national market segments, allows our customers to see more, learn more, and do more, helping to answer your most important questions
Market Research Future (part of Wantstats Research and Media Private Limited),
99 Hudson Street, 5Th Floor, New York, New York 10013,
United States of America
+1 646 845 9312