Aviation IoT Market Regional Analysis:
North America Market Insights
North America industry is estimated to account for largest revenue share of 39% by 2035. The aviation IoT market in North America is rapidly growing since the region is technologically advanced, with rising demand related to smart airports throughout.
The U.S. aviation IoT industry is rising steadily owing to the rising demand for smart technologies and as a factor emanating from the country's interest in enhancing some of the efforts that have been benchmarked in safety improvements and operational efficiency in aviation. The companies in the U.S. industry have increased the implementation of IoT in airport operations, enhanced the passenger experience, and increased flight safety. In April 2024, Honeywell introduced its IoT-based “Connected Airport” platform, designed to enhance airport efficiency by integrating various systems for real-time data analysis and decision-making.
The market in Canada is growing at a rapid rate with the increased focus that countries are laying on modernizing their aviation infrastructure and enhancing their passenger services. Some growth drivers for the Canada market include the rise in smart airports, supportive government initiatives, and efficient air traffic management.
Asia Pacific Market Insights
The aviation IoT market in Asia Pacific is likely to grow at a rapid pace through 2035, with the increase in the demand for air travel and the growing modernization of airport infrastructure. India's market is expected to gather pace quite rapidly because massive uptake of digital technology has been taken forward and government emphasis on infrastructure modernization. For example, in July 2024, SITA announced its plan to deploy its biometric system across 10 more Indian airports as part of the Digi Yatra initiative. This will contribute to the general trend of utilizing IoT in facilitating airport operations and easing travel formalities.
China’s aviation IoT market is driven due to increasing domestic and international air traveling. In November 2023, Huawei was a forerunner top leader in the technology space to launch its all-encompassing IoT and AI "Smart Airport Solution" for aviation and boosted airport operations and passenger services. This growth is emphasized in the new development plan of the Chinese government includes a comprehensive package that will develop inventive infrastructure, including airports, with huge investments earmarked for such kind of project. The plan outlines substantial financial commitments that would ensure the modernization of the nation's aviation hubs.
