According to IMARC Group’s latest report, titled “Aviation IoT Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global aviation IoT market is expected to exhibit a CAGR of 22.3% during 2022-2027. The internet of things (IoT) is widely utilized in the aviation industry for facilitating real-time business decisions. It assists in simplifying underlying processes and increasing workforce productivity. It also aids in interchanging information between airlines, airport operators, and passengers. Moreover, as it enhances the overall customer experience, the demand for aviation IoT is escalating around the world.
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Significantly increasing air passenger traffic represents one of the key factors strengthening the market growth. Apart from this, the growing adoption of the digital ecosystem is positively influencing the market. Furthermore, leading players are considerably investing in biometrics technologies, including facial recognition and fingerprint sensors, to automate the verification processes. This, along with the introduction of assistive technologies, such as mobility solutions and support for differently abled passengers, is creating a favorable market outlook. The market is further impelled by the integration of IoT with robotics and artificial intelligence (AI) for generating service delivery improvements in the aviation sector. Looking forward, IMARC Group expects the global aviation IoT market to continue its robust growth during the forecast period (2022-2027).
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
- Accenture plc
- Aeris Communications Inc.
- Amadeus IT Group SA
- Cisco Systems Inc.
- Honeywell International Inc.
- Huawei Technologies Co. Ltd.
- International Business Machines Corporation
- Microsoft Corporation
- SITA
- Tata Communications
- Tech Mahindra
- Wind River Systems Inc.
Market Segmentation:
Breakup by Application:
- Ground Operations
- Passenger Experience
- Aircraft Operations
- Asset Management
Breakup by End Use:
- Airport
- Airline Operators
- MRO
- Aircraft OEM
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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