Aviation IoT Market Size, Share, Opportunities And Trends | Microsoft Corporation, IBM Corporation, Wind River, Cisco System, Inc., Amadeus IT Group

The global Aviation IoT Market is witnessing vast demand. The rising demand for simple-to-use AI capabilities to get more value from IoT data drives the market growth hugely. Aviation IoT infrastructures help in making sense of collected data. Aviation IoT also takes care of harvesting and processing massive data volumes, data mining and building ML solutions by involving data storage capacities for structured and unstructured data.

Aviation IoT Market size was valued at USD 467.55 Million in 2020 and is projected to reach USD 2,089 Million by 2028, growing at a CAGR of 20.6% from 2021 to 2028.

There is a rising demand for Aviation IoT worldwide to enhance operations and productivity. Manufacturers are also adopting automation post-pandemic to automate their manufacturing units fully. This is to minimize human intervention should another pandemic arise in the future. Post-pandemic changes in eating habits and lifestyle enable the food and beverage manufacturing, processing, and packaging companies to grow. As food safety regulations get stricter worldwide, the food processing and manufacturing industry increasingly depend on machine vision systems for quality control.

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The report covers the following key players in the Aviation IoT Market:

The major players in the market are Microsoft Corporation, IBM Corporation, Wind River, Cisco System, Inc., Amadeus IT Group, SAP SE, Huawei, Honeywell, Blip System and Aeris Communications India Pvt. Ltd.

Segmentation of Aviation IoT Market:

Aviation IoT Market, By Application

• Security & Surveillance
• Connected Cabin
• Baggage Tracking
• Air Traffic Management
• In-flight Communication
• Others

Aviation IoT Market, By Component

• IoT Devices
• Sensors & Actuators
• Processors
• Beacons
• Cameras
• IoT Gateway & Networking Devices
• Others

Aviation IoT Market, By End-User

• MROs
• Manufacturers
• Airports
• Airlines

This study identifies the growth of online Aviation IoT as one of the prime reasons driving the Aviation IoT Market growth during the next few years. Also, the growth of Aviation IoT for mobile devices and an increase in the demand from APAC will lead to sizable demand in the Market.

The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our Aviation IoT Market covers the following areas:

• Aviation IoT Market Sizing
• Aviation IoT Market forecast
• Aviation IoT Market industry analysis

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COVID-19 Impact on the Global Aviation IoT Market

The COVID-19 outbreak has impacted Aviation IoT positively. The pandemic fostered automation, digitization, and Aviation IoT, needing robust Aviation IoT to counter increasingly complex opportunities. The Aviation IoT Market witnessed a constant uptick over the past few months. Besides, technology providers are making substantial investments to foster R&D activities to improve IoT services.

In 2021, the market is expected to witness continual growth due to the major emphasis on developing more comprehensive technologies. Many organizations would prioritize investments in Aviation IoT due to stricter data privacy laws for consumer protection that regulatory bodies would impose beyond 2021. This would also boost investments in confidential computing, the virtual private cloud, and other security infrastructure.

Report Attribute And Details

>> Market size available for years - 2021 - 2028
>> The base year considered - 2020
>> Historical data- 2017 – 2019
>> Forecast Period : 2021 - 2028
>> Segments Covered: By Application, By Component, By End-User, and more.
>> Regional Scope: North America, Europe, Asia

Aviation IoT Market Analysis:

- North America (USA, Canada, Mexico)
- Europe (Great Britain, France, Germany, Spain, Italy, Central and Eastern Europe, CIS)
- Asia Pacific (China, Japan, South Korea, ASEAN, India, Rest of Asia Pacific)
- Latin America (Brazil, Rest of LA)
- Middle East and Africa (Turkey, CCG, rest of the Middle East)

Chief Deliverable of the Aviation IoT Market Report

• The study gives an outline of all the dynamics related to the Aviation IoT industry.
• The report gives a comprehensive study of all the vital financial characteristics associated with the Aviation IoT Market. The summary also comprises the details on the Aviation IoT Market financial position at the given times.
• The report includes thorough information related to the strategic developments in the Aviation IoT sector. The report also included the development plans, financial growth, opportunities, and strategy of the industry

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