Aviation IoT Market Key Highlights:
- Market Size (2024): USD 560 Million
- Projected Market Size (2034): USD 2,879 Million
- CAGR (2023-2034): 17.8%
Pricing Analysis:
- Price Growth
- Regional Variations
Market Historic Sales
- Total sales volume, year-over-year growth, product categories, and market share.
Revenue Estimation
- Forecasting future revenues based on historical data, market trends, and economic indicators.
Sales by Region
- Breakdown of sales performance across different geographical areas.
Revenue by Manufacturer
- Analysis of revenue contributions from different manufacturers in the market.
Aviation IoT Market Definition
The aviation IoT market refers to the production, distribution, and use of the IoT in aviation, which means a network of interconnected devices exchanging and collecting data on their own in aviation. These sensors are installed on ground units, aircraft, and various kinds of personal devices belonging to passengers. Their application includes improving logistics and cargo, fuel efficiency, air traffic control and management, improved passenger experience, aircraft maintenance, and operations. There is a high demand for these IoT in aviation, including asset management, aircraft operations, passenger experience, and ground operations, which drives the growth of the aviation IoT market.
The restraining factors of IoT in aviation include inadequate data infrastructure, cyber security issues, complexity and interoperability, environmental concerns, high competition, high costs of operations, etc. can restrict the growth of the market. The future scope of the IoT in aviation includes the adoption of this in airlines to help reduce complaints in industries like flight delays and lost bags, reduce maintenance costs, minimize downtime, and improve the reliability of their fleet, which will help the growth of the aviation IoT market. In March 2024, the world’s first dedicated aircraft IoT gateway was launched by OnAsset Intelligence.
Aviation IoT Market Segmentation:
By Type
- Passengers Aviation IoT
- Aircraft Operations Aviation IoT
- Other
By Application
Aviation IoT Market Companies:
- IBM
- Cisco Systems
- Microsoft
- Wind River
- Accenture
- Apple
- Living PlanIT
- Sitaonair.
For any questions about this dataset or to discuss customization options, please write to us at sales@statifacts.com
