Quick Summary:
In an era where digital transformation is steadily redefining the business landscape, the aviation industry is no exception. The global Internet of Things (IoT) in Aviation market is a rapidly emerging sector, promising to lead to groundbreaking advancements within the industry. Our comprehensive market research report provides in-depth insights into this burgeoning market, currently valued at US$11.2 Billion and projected to reach a whopping US$38.2 Billion by the year 2030.
Our meticulously curated report not only explores the potential of IoT applications in Asset Management and Ground Operations within Aviation but also delves into regional markets including U.S, China, Canada, Japan, and Europe. All these spheres show considerable promise in terms of growth, innovation, and profitability- information crucial to informed business decisions making. Furthermore, our report also examines the strategy and performance of influential competitors within this space, providing a holistic view of the market dynamics at play.
Global Internet of Things (IoT) in Aviation Market to Reach $38.2 Billion by 2030
The global market for Internet of Things (IoT) in Aviation estimated at US$11.2 Billion in the year 2022, is projected to reach a revised size of US$38.2 Billion by 2030, growing at a CAGR of 16.6% over the analysis period 2022-2030. Asset Management, one of the segments analyzed in the report, is projected to record 16.3% CAGR and reach US$12.8 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Ground Operations segment is readjusted to a revised 14.9% CAGR for the next 8-year period.
The U.S. Market is Estimated at $3.3 Billion, While China is Forecast to Grow at 16.2% CAGR
The Internet of Things (IoT) in Aviation market in the U.S. is estimated at US$3.3 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$6.7 Billion by the year 2030 trailing a CAGR of 16.2% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 14.3% and 13.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 9.8% CAGR.Select Competitors (Total 37 Featured) -
- Aeris
- Amadeus It Group Sa
- Arrow Electronics, Inc.
- Blip Systems
- Cisco Systems, Inc.
- Happiest Minds Technologies
- Honeywell International Inc.
- Huawei Technologies Co., Ltd.
- IBM Corporation
- Microsoft Corporation
- Palantir Technologies
- SAP SE
- Sendum Wireless Corporation
- Sitaonair
- Tata Sons Private Limited.
- Tech Mahindra Limited
- Undagrid
- Walkbase
- Wind River Systems, Inc.
- Zestiot
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Internet of Things (IoT) in Aviation?
What is the growth rate of the Global Market for Internet of Things (IoT) in Aviation?
What is the forecasted size of the Global Market for Internet of Things (IoT) in Aviation?
Who are the key companies in the Global Market for Internet of Things (IoT) in Aviation?
| Report Attribute | Details |
|---|---|
| No. of Pages | 93 |
| Published | September 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 11.2 Billion |
| Forecasted Market Value ( USD | $ 38.2 Billion |
| Compound Annual Growth Rate | 16.6% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- Aeris
- Amadeus It Group Sa
- Arrow Electronics, Inc.
- Blip Systems
- Cisco Systems, Inc.
- Happiest Minds Technologies
- Honeywell International Inc.
- Huawei Technologies Co., Ltd.
- IBM Corporation
- Microsoft Corporation
- Palantir Technologies
- SAP SE
- Sendum Wireless Corporation
- Sitaonair
- Tata Sons Private Limited.
- Tech Mahindra Limited
- Undagrid
- Walkbase
- Wind River Systems, Inc.
- Zestiot
