Global Aviation IoT Market Projected to Grow at 20.6% CAGR, Reaching $19.34 Billion by 2029

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

What Will the Aviation IoT Industry Market Size Be by 2025?
In the recent past, the market size of aviation IoT has witnessed massive growth. It is projected that the market will expand from $7.55 billion in 2024 to $9.13 billion in 2025, indicating a compound annual growth rate (CAGR) of 20.9%. The historic growth trend has been driven by a surge in demand for immediate aircraft monitoring, an escalating need for predictive maintenance, increasing air traffic, amplified passenger experience expectations, and regulatory emphasis on safety and efficiency.

What's the Long-Term Growth Forecast for the Aviation IoT Market Size Through 2029?
There is predicted to be a significant increase in the size of the aviation IoT market over the upcoming years, reaching approximately $19.34 billion in 2029, with a CAGR of 20.6%. Various factors are contributing to this anticipated growth within the forthcoming period, including the escalating demand for real-time analytics regarding aircraft data, an increasing focus towards predictive maintenance, substantial investment in advanced airport infrastructure, and the expansion of in-flight connectivity options. Furthermore, there is a rising trend of using IoT for cargo and baggage tracking and improved operational efficiency and passenger experience are also driving forces behind the growth. The forecast period is also expected to witness trends such as advancements in real-time health monitoring of aircraft, AI-based predictive maintenance, personalized passenger experiences, better luggage-tracking through RFID, fortified cybersecurity for in-flight systems, uninterrupted connectivity through 5G and satellite networks, and the adopting digital twin technology for smarter flight management.

View the full report here:
https://www.thebusinessresearchcompany.com/report/aviation-iot-global-market-report

What Are the Key Growth Drivers Fueling the Aviation IoT Market Expansion?
The accelerating numbers in air travel are anticipated to drive the expansion of the aviation IoT market in the future. The term air traffic is indicative of aircraft movements within regulated airspace and at airports, all managed to guarantee safe and effective flight procedures. The accessibility to air travel is expanding to a larger audience due to increased income levels and competitive ticket prices. Aviation IoT contributes to air traffic by streamlining flight operations, reducing delays, ensuring safety, and providing more efficient control of aircraft and airport systems. For example, data from the Bureau of Transportation Statistics (BTS), a US government agency, showed that in December 2023, U.S. airlines transported 78.7 million systemwide scheduled service passengers, which is an upward move of 9.5% compared to December 2022. This upward trend was noticed in both local and international travel segments. Therefore, the uptick in air traffic is encouraging the expansion of the aviation IoT market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=25238&type=smp

What Are the Key Trends Driving Aviation IoT Market Growth?
Key players in the aviation IoT market are concentrating their efforts on creating IoT-enabled aircraft-installed gateways. These devices allow for instantaneous data transmission between in-flight systems and ground control, improving flight safety, operational efficiency, and predictive maintenance capabilities. These IoT-enabled gateways serve as smart onboard tools that bridge the gap between the aircraft's internal systems and external networks, allowing for real-time data exchange between the aircraft and its ground operations. An example of this was in March 2024, OnAsset Intelligence Inc., an American technology firm, introduced the SENTRY 600 FlightSafe device. This marked a significant progression in aviation IoT, turning aircraft into hubs for live monitoring and asset tracking. The device, connected to Bluetooth sensors in the cargo holds, cabins, and parts of the aircraft such as ULDs and galley carts, provides constant visibility of onboard conditions and associated ground operations. It also records crucial data on factors like temperature, humidity, and the location of assets, even when an aircraft is stationary.

How Is the Aviation IoT Market Segmented?
The aviation iot market covered in this report is segmented -

1) By Component: Hardware, Software, Service
2) By Connectivity Technology: Wi-Fi, Bluetooth, Cellular, Satellite Communication, LoraWAN
3) By Application: Ground Operations, Passenger Experience, Aircraft Operations, Asset Management
4) By End-Use: Airport, Airline Operators, Maintenance, Repair, And Operations (MRO), Aircraft Original Equipment Manufacturer (OEM)

Subsegments:
1) By Hardware: Sensors, Actuators, Gateways, Edge Devices, IoT Modules, Communication Devices
2) By Software: Fleet Management, Predictive Maintenance, Passenger Management, Air Traffic Management, Analytics and Data Management, Security and Surveillance
3) By Service: Professional Services, Managed Services

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=25238&type=smp

Which Companies Are Leading the Charge in Aviation IoT Market Innovation?
Major Companies operating in the aviation iot market are Microsoft Corporation, Amazon Web Services (AWS), Siemens AG, Boeing Group, Airbus SE, International Business Machines Corporation, Cisco Systems Inc., Honeywell Aerospace Inc., GE Aerospace Inc., Safran S.A., Thales Group, Dassault Aviation SA, Bombardier, Tech Mahindra Ltd., Embraer, Viasat, Tata Communications Limited, SITA, Iridium Communications, Ramco Systems

Which Regions Are Leading the Global Aviation IoT Market in Revenue?
North America was the largest region in the aviation IoT market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the aviation iot market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=25238

"This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work."

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.