Airline IoT Market Research Report ‚Äď Global Forecast till 2027

Airline IoT Market: Information by Application (Fleet Management, Passenger Experience Enhancement & Other Processes), by Component (IT Services, Software, Data Center Systems, Communication Services & Devices), and by Region ‚ÄĒ Global Forecast till 2030

ID: MRFR/A&D/5887-HCR | 120 Pages | Published By Swapnil Palwe on March 2023         

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Airline IoT Market

Airline IoT Market Size is expected to reach USD 593 Million by 2030, registering a CAGR of 21.8% during 2020-2030.

Segmentation
By End Market Airports Airlines MROs Manufacturers
By Application Ground Operations Passenger Processing Baggage Tracking Airport Maintenance Security & Surveillance Ground Handling Location-based Navigation & Alerts Passenger Experience Personalized Customer Service In-flight Communication Connected Cabin Asset Management Fleet Management Crew Management Aircraft Maintenance Aircraft Manufacturing Air Traffic Management
By Component IoT Devices Sensors & Actuators Processors Beacons Cameras Tags IoT Gateway & Networking Devices IoT Solutions Software & Applications IoT Platforms Services Managed Professional
Key Players
Companies Profiled   Microsoft Corporation (US)   Blip System (Denmark)   IBM (US)   Honeywell (US)   Wind River (US)   Huawei (China)   Cisco (US)   SAP SE (Germany)   Amadeus IT Group (Spain)
Drivers
Market Driving Forces   Rapid Advance in IoT Technology
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Airline Iot Market Overview


Airline IoT Market Size is expected to reach USD 593 Million by 2030, registering a CAGR of 21.8% during 2020-2030.


The market is home to advancements in wireless network technologies that promise an increased efficiency and connectivity. Also, an improved passenger experience are some of the major factors driving the growth of the global market.


 COVID Analysis


The outbreak of the sudden emergence of the COVID-19 pandemic has severely affected the aviation industry's trade and operations. Although the movement of airline passengers in domestic and international destinations has begun again and recovered since the third quarter of 2020, the recovery has been prone to many issues and is very slow.


According to the results of one of the many surveys that have been conducted, the domestic aviation market is showing signs that is pushing the business chiefs to expect that the market is likely to recover faster than its international equivalent. Also, the government policies and regulations that are related to commercial air transport are expected to have a direct impact on passenger volumes.


The airline IoT industry trends suggest that the airport stakeholders and airline operators need to comply with the safety standards, and go for adopting high-level contact solutions to enter passengers.


The deployment of IoT devices is expected to intensify at a reliable rate as most airport operators are likely to increase their investment in hygiene resources and further, use contactless interactive technologies. IoT is understood to have a good potential to transform today’s facilities into smart infrastructure and also, improve the overall business processes.


Collecting critical information for the analysis and improvisation of the health-related decisions is becoming an area of contemporary application in the developing commercial aviation industry. The IoT solutions for airline suggests that the real-time temperature monitoring and infection detection has also, become an essential part of the journey. IoT devices with high-temperature monitoring surrounding temperatures and also, help monitor the health of passengers and transmit information to competent authorities in real-time.


 Market Dynamics


 Drivers


The Internet of Things (IoT) in the airline industry is a new concept by the developments the reduction in cancellation and waiting time is likely to drive the global market towards growth by the end of the period in 2028.


 Restraints


However, the airline IoT market trends have been showing the birth of aspects that might restrain the market from growing during the forecast period of 2021-2028. The global market is witnessing a lack of disposable income followed by qualitative factors like lack of skill and professionalism that are posing challenges for the market.


Technology Analysis


The wide-scale adoption of IoT technology by airlines is resulting in the reduction of some of the most common complaints that are a part of the airline IoT industry. These include lost bags, flight delays, and some other customer service issues. For example, Virgin Atlantic is one of the prominent companies that started using IoT in its fleet of Boeing 787 planes along with the cargo equipment that is connected via IoT devices. These projects have resulted in a reduction in delays by 20% and a reduction of 2 hours from daily working hours.


Segment Overview


The airline IoT market analysis suggests that the global market has been divided based on various market segments that will help in meeting the rising needs of the target audience followed by the rising ability of the global market to reach the global market revenue that has been predicted for the global market by the business chiefs for the forecast period that will be ending in 2028. The global airline IoT market analysis shows that the market segments are as follows:


By End Market:


The airline IoT market has been segmented based on the end market and includes:



  • Airports

  • Airlines

  • MROs

  • Manufacturers


By Application:


The application segment of the airline IoT market has been segmented and is inclusive of the following segments:



  • Ground Operations

  • Passenger Processing

  • Baggage Tracking

  • Airport Maintenance

  • Security & Surveillance

  • Ground Handling

  • Location-based Navigation & Alerts

  • Passenger Experience

  • Personalized Customer Service

  • In-flight Communication

  • Connected Cabin

  • Asset Management

  • Fleet Management

  • Crew Management

  • Aircraft Maintenance

  • Aircraft Manufacturing

  • Air Traffic Management


By Component:


The component segment of the global market includes:



  • IoT Devices

  • Sensors & Actuators

  • Processors

  • Beacons

  • Cameras

  • Tags

  • IoT Gateway & Networking Devices

  • IoT Solutions

  • Software & Applications

  • IoT Platforms

  • Services

  • Managed

  • Professional


By Region:


The aviation IoT market has been segmented based on the global regions and includes the following:



  • North America

  • ¬†Europe

  • Asia Pacific

  • Rest of the World

  • ¬†


Regional Analysis


The aviation industry market analysis shows that the regional segmentation of the market is proving to be beneficial for the rate of competition that is dwelling in the international market scenario.


 The North American market is expected to be the largest market for IoT in aviation during the forecast period that will be ending in 2028. There is a global need for optimizing operations at places like airports that are fueling a higher degree of funding and investments in the area of IoT.


 It has been learned that implementing this technology has a reliable degree of potential to bring transparency to airport operations. Also, the airline IOT market by application trends suggests that the increasing passenger traffic and fleet size of airlines is pushing the airports to come forward and make data-driven decisions by leveraging new technologies such as IoT, AI, and Blockchain. The US and Canadian market size is a part of the North American region and hence, the trends are supporting the rising degree of demand in these regions.


 Competitive Landscape


 The airlines market opportunity report has been curated in a way that helps to draw a global market competition amongst the participating companies that have been dwelling because of the recent developments that have been undertaken by the following market players during the forecast period that will be ending in 2028: 



  • Microsoft Corporation (US)

  • Blip System (Denmark)

  • IBM (US)

  • Honeywell (US)

  • Wind River (US)

  • Huawei (China)

  • Cisco (US)

  • SAP SE (Germany)

  • Amadeus IT Group (Spain)

  • ¬†


Recent Developments 



  • In April 2020, another prominent market company - FN America, which is a US subsidiary of the Herstal Group, was registered to have been awarded a USD 383 million foreign military sales contract for M16A4 carbines through the US army. This market development is likely to strengthen the ties between the US army and the global company.



  • ¬†In Europe, the Aviation IoT Market is likely to soar high on the path of its growth due to the emergence of strong market economies such as France, Germany, Italy, the Netherlands, and others like the United Kingdom. Due to the high penetrating rate of technological advances, European countries are one of the main regions for aviation IoT. In 2016, it was reported that more than 4,500 aircraft operated in Europe. In 2023, this predicted number is expected to be 8,000.



  • ¬†In regional inclusions like Latin America, the global market reportedly grew due to increased investment and the growing degree of demand for real-time data from airlines. In this region, the domestic airports are laying their focus on lower operating costs, followed by the assimilating of IoT and satellite connectivity solutions. The position of the largest growing market in this region is Brazil, followed by other countries in Latin America. Similar trends are expected to follow during the ongoing forecast period that will be ending in 2028.


Report Overview


 The airline’s market opportunity report has been prepared to portray an in-depth market analysis of the global market functioning and aims at discussing the prominent factors that will help the market propel at a reliable CAGR rate by the end of the period in 2028. The global market report discusses the emergence of market factors and trends that will either benefit the market or hamper the global growth of the market during the period. The global market comes forward and discusses the impact of the pandemic on the market operations followed by the market segmentation that gives rise to market competition in the global market developments.


 



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Frequently Asked Questions (FAQ) :

Airline IoT market can expand at 15% CAGR by 2023.

By 2023, the airline IoT market value can garner high revenue.

SAP SE (Germany), Amadeus IT Group SA (Spain), and Cisco Systems, Inc. (US) are some reputed names in the airline IoT market.

Rapid advances in IoT technology can promote the airline IoT market.

The decline in aviation sector can hinder the airline IoT market.