Global Aviation IOT Market is valued USD 13.58 Billion in 2019 and is projected is to exhibit 16.5% CAGR during the forecast period. The market is projected to be around USD 39.56 Billion by 2026. The market is driven by the, growing number of investments in agile and smart airport concepts and rapid development in new technologies.

The Internet of Things (IoT) is game changing Technologies. The aviation industry is transforming the entire passenger experience by using technologies, such as IoT from arriving at the airport until landing at your destination. Also improving the efficiency of aircraft inspections, which is helping to reduce costs and improve turnaround. Additionally, for airport operators, the IoT is helping to reduce environmental and noise impacts, when aircraft are on the stand.
Aviation IOT Market Dynamics
The growing number of investments in agile and smart airport concepts will drive the growth for the global aviation Internet of things (IoT) market. Some of the advantages of implementation of IoT in aviation will help to drive the market growth such as reduced maintenance delays, enhance the in-flight experience, baggage handling, and improved navigation through real-time air to ground data exchange. The growing investments in the development of assistive technologies for passengers will boost the growth for the global aviation IoT market for the next four years.

The integration of IoT in the aviation sector helps in creating a smart airport, smart communication environments. The use of IoT in aviation industry improves the operational efficiency of airports by enhancing the speed of communications, thereby augmenting the business productivity in any industrial setup. At the same time, the challenges faced in the market along with the burning issues that will impact the growth of IoT in the aviation market.
Aviation IOT Market Insight
North America accounted for the largest market share in 2017 with 30.89% CAGR and will continue to maintain its dominance during the forecast period. On account of increasing demand for advanced technologies such as in-flight connectivity and connected electronic flight bag devices that require advanced data capture framework. Also, it was reported that American Airlines spent approximately USD 25 million on easing congestion at various airports in the US. This development can eventually enhance market growth during the forecast period.
Aviation IOT Market Segmentation
The global Aviation IOT Market is segmented into the application, component, end Users, and region. Based on the application the market is divided into fleet management, passenger experience enhancement & other processes. Among these, the fleet management segment has captured the largest market share. By component market is further segmented into communication services, data center systems, devices, IT Services, software’s. Among these, IT services segment has covered the largest market share of 30.44% last in 2017. Based on the end-users the market is segmented into airline, airport, and air traffic management. Out of these, the airline segment has gathered the largest market share of 70.02% in 2017. Based on the geography the market is further segregated into North America, Latin America, Europe and the Asia Pacific. This report forecasts revenue growth and volume of units sold at global, regional & country levels and provides an analysis of the industry trends in each of the sub-segments from 2019 to 2026.
Aviation IOT Market Competitive Landscape
The global aviation IoT market is massively competitive and diversified due to the presence of a large number of regional and international vendors across the globe. Numerous vendors are focusing on undertaking mergers and acquisition strategies to improve their global presence and increase their customer reach. The key players in aviation IoT market are listed as Amadeus IT Group SA, Cisco Systems Inc., Huawei Technologies Co. Ltd., SAP SESITA, International Business Machine Corporation, Microsoft Corporation, Wind River, Apple, SITAONAIR, Accenture, and Living PlanIT, and others. Moreover, new entrants are focusing on offering a broad array of components and subsystems that are designed specifically for aviation IoT ecosystem.