IoT in Aviation Market Key Highlights:
- Market Size (2024): USD 7.59 Billion
- Projected Market Size (2034): USD 17.49 Billion
- CAGR (2023-2034): 8.7%
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.
IoT in Aviation Market Definition
The IoT in aviation market includes the integration of connected devices and systems through the Internet of Things (IoT), which has had an impact on aviation. This market is growing because it improves efficiency, safety measures, and the passenger experience. IoT plays a key role in air traffic control by facilitating real-time monitoring of aircraft surveillance. According to American Airlines, this technology reduces the taxiing time of aircraft in the system by 17 hours per day, saving approximately 1.4 million gallons of aviation fuel each year and reducing carbon dioxide by more than 13,000 tons per year.
The demand for IoT in aviation market continues to grow as the applications of the Internet of Things in the aviation industry are explored for a safe and green future through real-time monitoring, improving passenger experiences, optimized air traffic management and efficiency benefits, and fuel efficiency benefits. Sensors are used to monitor critical systems such as engines, avionics, and hydraulics. In case of deviations or abnormalities, the system automatically sends alerts to maintenance teams, allowing them to take immediate action to ensure safety and efficiency. Singapore Changi Airport is equipped with metal, touchless check-in kiosks and cleaning robots. The new airport automation technology is an industry first.
IoT in Aviation Market Segmentation:
By Type
- IoT Devices
- Sensors & Actuators
- Processors
- Software and Applications
- IoT Platforms
- Others
By Application
- Ground Operations
- Passenger Processing
- Baggage Tracking
- Airport Maintenance
- Security and Surveillance
- Others
IoT in Aviation Market Companies:
- Microsoft Corporation
- IBM
- Wind River
- Cisco
- Amadeus IT Group
- SAP SE
- Honeywell
- Blip System
- Elbit Systems
- Garmin
- Collins Aerospace
- Tata Communication
- Huawei Technologies Co. Ltd.
- Tech Mahindra Ltd.
- Aeris Communication
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