Global Airline IoT Market was valued $XX Mn in 2019 and is expected to reach $XX Mn by 2026, at a CAGR of XX% during the forecast period.
Global Airline IoT Market
Global Airline IoT Market Introduction
The age of connectivity and big data is directly influencing, and changing, the entire spectrum of aviation services, including transportation, business / personal travel, cargo, and soon-to-be autonomous unmanned aircraft. IoT functionality enables airlines and airplane manufacturers to monitor planes in near real-time for critical events. The data gathered over numerous flights can be analyzed to determine long-term patterns. Reliable, secure connectivity enables the ideal solution. By using big data IoT analytics, airlines can lower fuel consumption (and costs) by up to two percent per year.
Global Airline IoT Market Dynamics
Continuous advances in wireless technology and a growing preference for smart airport architecture are contributing to market growth. The aviation industry has witnessed an unprecedented increase in passenger traffic in recent years. Subsequently, airport authorities and airline operators worldwide are aggressively adopting the latest technologies to optimize their business flow and cope with the unabated growth in passenger traffic. The key aviation industry players are particularly adopting data-driven approaches to make their business decisions. Advances in Artificial Intelligence (AI) and Machine Learning holds immense potential to fuel the growth of the market. These technologies can be used for several applications associated with the aviation industry.
Global Airline IoT Market Segment Analysis
The passenger processing segment is expected to emerge as the fastest-growing segment, registering a CAGR of XX% from 2020 to 2026. The commercial aerospace industry is leveraging the advances in technology to enhance the passenger experience. Deploying advanced technologies, such as beacons, NFC, and Wi-Fi, to interact with the passengers and understand their requirements is allowing the service providers to offer better and more personalized offerings.
Global Airline IoT Market
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Global Airline IoT Market Regional Insights
Global Airline IoT
North America accounted for the majority market share of xx% during 2019 and will continue to dominate the market during the forecasted period. One of the major factors responsible for the growing deployment of IoT-based infrastructure in the aviation industry is the increasing demand for advanced technologies such as in-flight connectivity and connected electronic flight bag devices that require advanced data capture framework.
Global Airline IoT Market Report Scope: Inquire before buying
Global Airline IoT Market, by Region
• North America
• South America
• Asia Pacific
Global Airline IoT Market Key Players
• Microsoft Corporation
• Wind River
• Amadeus IT Group
• SAP SE
• Blip System
• TATA Communications
• Happiest Minds Technologies
• Arrow Electronics
• Wind River Systems
• Sendum Wireless
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