Aviation IoT Market : Future Forecast Assessed on the basis of how the Market is Predicted to Grow

IoT is a network of physical devices, sensors, and various machines incorporated into objects and connected to the Internet for effective communication of data. It helps to create smart communication environments and improve operational efficiency by improving the speed of communication in comparison to conventional infrastructures. IoT helps to develop process competences by facilitating real time business decisions with computing and storage capacity at a basic sensor level.

Rise of investments in smart and agile concepts is likely to drive the growth of the aviation IoT market over the forecast period. Increasing application of IoT ecosystems in smart and active airport vision helps to boost the growth of ancillary products and services to customers. Rapid penetration of in-flight entertainment (IFE) systems is a crucial factor expected to propel the demand for aviation IoT over the forecast period.

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Development of passenger management systems, reduction of congestion at airports and other structures such as self-service check-in and bag drops, interactive kiosks and video walls, is likely to drive the growth of this segment over the forecast period.

Geographically, the aviation IoT market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America accounted for majority of the market share of the aviation IoT market in 2016 and is expected to retain its position over the forecast period. Growing deployment of IoT enabled infrastructure in the aviation industry is likely to drive the aviation IoT industry over the forecast period.

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Growing deployment of IoT enabled infrastructure in the aviation industry is likely to drive the aviation IoT industry over the forecast period. Rise in demand for advanced technologies such as connected electronic flight bags and in flight connectivity devices that need help from advanced data capture frameworks is likely to propel the demand for aviation IoT over the forecast period. Asia Pacific is an emerging market for aviation IoT owing to the rise in deployment of assistive technologies coupled with increasing investment on in-flight connective solutions. Europe is likely to hold a considerable market share at the end of the forecast period due to significant investment on active and smart airport concepts.

Extensive presence of local and international vendors across the globe is likely to intensify the global competitive scenario in the aviation IoT market. Key players in the aviation IoT market are Cisco Systems, Inc., International Business Machine Corporation, Microsoft Corporation, Wind River, Apple, SITAONAIR, Accenture, and Living PlanIT, among others.

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