What are the major factors driving the growth of the aviation IoT market?

The aviation IoT market size was USD 7.5 billion in 2023. Read More

Aviation IoT Market Market - Top Companies and Manufacturers

Companies Dominating the Aviation IoT Landscape

The leading players in the aviation IoT market are involved in the high competition, setting new standards for deploying innovation and technology. Key players in the industry include NEC Corporation, Fujitsu Limited, Hitachi Ltd., Mitsubishi Electric Corporation, and Japan Airport Terminal Co., Ltd. These firms are taking the lead in developing applications related to integrated airport IoT as well as AI technology to optimize airport operations, security, and passenger experience.

In March 2024, Fujitsu Limited announced the debut of an advanced IoT-derived baggage tracking system at Tokyo Haneda Airport. The new system uses real-time data and AI to substantially reduce errors in baggage handling and improve the effectiveness of luggage processing. The launch underlines the role of Fujitsu as a leader in smart airport technologies and the evolution of IoT usage across the aviation sector to streamline operational challenges.

Here are some leading players in the aviation IoT market:

Honeywell International, Inc.
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Aeris Communication
Microsoft Corp.
Tata Communication
Cisco Systems, Inc.
Wind River Systems, Inc.
SAP SE
Huawei Technologies Co. Ltd.
IBM Corp.
Tech Mahindra Ltd.

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Aviation IoT Market Size & Share, Growth Forecasts 2036

In the News

In June 2024, SmartWings Group transitioned to Conduce’s eTechLog8 electronic logbook solution. This shift from paper-based technical logbooks to an electronic format is designed to improve efficiency and has already received approval from the Civil Aviation Authority of the Czech Republic. The group plans to extend this approval to other air operator certificates across Poland, Hungary, and Slovakia
In June 2024, Lufthansa Technik opened a new warehouse at Narita International Airport in Tokyo. This facility initially serves customers in Japan, with plans to expand services across the Asia-Pacific region. This move is part of Lufthansa Technik’s strategy to enhance its IoT-enabled logistics and supply chain operations.
In March 2023, Honeywell partnered with Lufthansa Technik to develop a digital platform named AVIATAR, focused on enhancing customer experience through aviation analytics. This collaboration is part of Honeywell's broader strategy to expand its IoT offerings in the aviation sector.

Frequently Asked Questions (FAQ)

The aviation IoT market size was USD 7.5 billion in 2023.

The global aviation IoT market size was US 7.5 billion in 2023 and is likely to reach USD 104.9 billion by the end of 2036, expanding at a CAGR of 22.5% over the forecast period, i.e., 2024-2036.

Honeywell International, Inc., Tata Communication, Cisco Systems, Inc., Aeris Communication Huawei Technologies Co. Ltd., IBM Corp., Wind River Systems, Inc., SAP SE, Microsoft Corp., and Tech Mahindra Ltd. are some key players in the market.

The hardware segment is expected to hold a share of 55% during the forecast period.

North America is projected to offer lucrative prospects with a share of 39% in 2024.

Aviation IoT Market Market - Top Companies and Manufacturers

Companies Dominating the Aviation IoT Landscape

Browse Key Market Insights with Data Illustration:

In the News

Frequently Asked Questions (FAQ)

How big is the aviation IoT market?

What is the outlook for the aviation IoT market?

Who are the major key players dominating the aviation IoT market?

Which component segment is expected to lead the aviation IoT market by 2036?

Which region will provide more business opportunities for the growth of the aviation IoT market in the future?