Travel Newswire Press Release Distribution Services
Travel News & Press Release Distribution Services
About Us | Contact Us

 

 
Home | Travel News | Submit Press Release | Submit Travel RSS Feed
Unlimited Press Release Distribution
Press release distribution service

Travel News Media

ABC Travel News
Asia Travel Tips
AllAfrica
BBC Travel
Breaking Travel News
Business Travel News
Frugal Travel
Luxury Travel Magazine
U.S. Travel News
Submit press release to this complete Travel media list.

View my Flipboard Magazine.
Travel News Releases


IoT in Aviation Market value $1,941 million by 2025

 



(I-TravelNewswire.Com, June 04, 2021 ) According to the latest market research report 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 increased efficiency and connectivity, and improved passenger experience are some of the major factors driving the market.



By end market, the airlines segment is expected to be a larger contributor to the IoT in aviation market during the forecast period.



The adoption of IoT technology by airlines reduces some of the most common complaints in the industry, such as lost bags, flight delays, and customer service issues. For example, Virgin Atlantic started using IoT in its fleet of Boeing 787 planes and cargo equipment connected via IoT devices. These projects resulted in a reduction in delays by 20% as well as a reduction of 2 hours from daily working hours.



Download PDF Brochure @



https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=236860705



By application, the passenger experience segment is projected to grow at the highest growth rate during the forecast period.



The passenger experience segment of the IoT in aviation market is expected to grow at the highest rate during the forecast period. The focus of airlines to increase their ancillary revenues and growing demand for enhanced travel experience are driving the growth of this segment. The use of smartphones enables passengers to plug-in to airline apps for baggage tracking, alerts, and request personalized services. They can also connect to beacons in airports for easy navigation.



North America is projected to lead the IoT in aviation market during the forecast period.



North America is expected to be the largest market for IoT in aviation during the forecast period. The global need for optimizing operations at airports is fueling investments in the area of IoT, as implementing this technology has the potential to bring transparency in airport operations. With increasing passenger traffic and a fleet size of airlines, airports are required to make data-driven decisions by leveraging new technologies such as IoT, AI, and Blockchain.



Additionally, the presence of major airports and leading IoT in aviation companies in the US has resulted in high investments in the field of IoT in North America. Some of these leading companies include Microsoft Corporation (US), IBM Corporation (US), Cisco Systems, Inc. (US), and Honeywell Aerospace (US).



Key Market Players



Some of the major players in the IoT in aviation market include Microsoft Corporation (US), IBM (US), Huawei (China), Cisco (US), Wind River (US), Amadeus IT Group (Spain), SITAONAIR (Switzerland), Honeywell (US), Blip Systems (Denmark), Tata Sons (India), and Sendum Wireless Corporation (Canada). These players provide IoT solutions and platforms to various aviation companies.



Ask for Sample Report @



https://www.marketsandmarkets.com/requestsampleNew.asp?id=236860705







About MarketsandMarkets™



MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.



MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

MarketsandMarkets™

Mr. Aashish Mehra

1-888-600-6441

sales@marketsandmarkets.com

Source: EmailWire.Com


Travel News by Sector
  • Airlines
  • Car Rental
  • Cruises
  • Destinations
  • Flights
  • Hotels
  • Rail
  • Travel Agents
  • Technology
  • Tour Operators
  • 
    	
    	
    
    
    
    
    
    
    
    Travel RSS Marketpalce

    Free Meeting & Travel Magazines
    Get free travel publications including magazines, white papers and downloads on meetings, trade shows, business travel.
    Submit RSS News Feed.
    Have your feed on news, products or services displayed under this marketpalce. The feed also displayed on a full page and updated daily. Add RSS feed Now!


    Press release distribution services: Submit press release to major media. Unlimited press release service

    For unlimited press release distribution for $99 per month, call (281) 645-4086 or start posting your press releases online at EmailWire.com.

    i-TravelNewsWire.com is part of GropWeb Network, online properties of GroupWeb Media LLC. Copyright © 2013 GroupWeb Media LLC. All Rights Reserved.


    GroupWeb Media Network
    AfricaNewswire.Net | AppleNews247.Com | AsiaNewsWire.Net | Aviation-NewsWire | Energy Industry | EstateNewsWire | Entertainment-NewsWire.com | Food Beverage News | Glamour NewsWire | Health NewsWire | Hosting NewsWire | i-Auto NewsWire | i-Business News | EuropeNewsWire.Net | iCameroon.com | i-Canada-News.Com | i-SoftwareNews.com | iT-NewsWire.Com
    | InvestorsNewsDesk.Com | i-TravelNewsWire.Com | LegalLaw247.com | Medical-NewsWire.com | MiningNewsWire.net | MoneyNewsWire.Net | Movie-Stars-News.Com | PayDayNews247.Com | PharmaNewsWire.Com | Publishing-NewsWire.Com | Shopping-NewsWire.com | Telecom-NewsWire.Net | Transportation-News.Com | USGovernment-News.Com | WebPosters.Net | Wireless-NewsWire.Com |
    i-TravelNewsWire.Com - Newswire and Press Release service of GroupWeb Media LLC