The IoT in aviation market is projected to grow from USD 593 million in 2019 to USD 1,941 million by 2025, at a CAGR of 21.9% during the forecast period. Advancements in wireless network technologies and improved passenger experience are some of the major factors driving the market.
Major IoT in Aviation Companies Include:
These players have adopted growth strategies such as partnerships, contracts, collaborations, and product launches to expand their presence in the IoT in aviation market. Contracts was the leading strategy adopted by major players from 2017 to 2019.
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IBM (US) is a global technology and innovation company headquartered in New York. The company offers a wide range of technology and consulting services. It has a broad portfolio, which includes predictive analytics, software development, and systems management. IBM also has the world's most advanced servers and supercomputers.
SITAONAIR (Switzerland) is another player in the IoT in aviation market that addresses the challenges airlines face on the ground and air. It provides inflight connectivity, cockpit data services, air traffic management solutions, aircraft communications, and infrastructure solutions, as well as application development for both passengers and crew members. The company collaborated with Vietnam Airlines to deliver inflight internet services across its fleet, offering digitally-demanding passengers the onboard connectivity they want, and enabling them to stay connected with work and family.
Amadeus IT Group (US) is another major player in IoT in aviation market. It is a global provider of technology solutions and services for the transportation sector. The company also provides mission-critical IT solutions for travel providers. The company has developed IoT platform that provides airlines the flexibility to work closely with their partners and make strategic data-driven decisions.
Related Reports:
IoT in Aviation Market by End Market (Airports, Airlines, MROs, Manufacturers), Application (Ground Operations, Passenger Experience, Asset Management, Air Traffic Management), Component, Region - Global Forecast to 2025
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