FACTS AT A GLANCE
Edition: 5; Released: April 2021
Executive Pool: 739
Companies: 37 – Players covered include Aeris; Amadeus It Group Sa; Arrow Electronics, Inc.; Blip Systems; Cisco Systems, Inc.; Happiest Minds Technologies; Honeywell International Inc.; Huawei Technologies Co., Ltd.; IBM Corporation; Microsoft Corporation; Palantir Technologies; SAP SE; Sendum Wireless Corporation; Sitaonair; Tata Sons Private Limited.; Tech Mahindra Limited; Undagrid; Walkbase; Wind River Systems, Inc.; Zestiot and Others.
Coverage: All major geographies and key segments
Segments: End-Use (Airlines, Airports, MROs, Manufacturers)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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ABSTRACT-
Global Internet of Things (IoT) in Aviation Market to Reach $2.2 Billion by 2026
Amid the COVID-19 crisis, the global market for Internet of Things (IoT) in Aviation estimated at US$779.4 Million in the year 2020, is projected to reach a revised size of US$2.2 Billion by 2026, growing at a CAGR of 18.7% over the analysis period. Airlines, one of the segments analyzed in the report, is projected to record a 18.3% CAGR and reach US$1.1 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Airports segment is readjusted to a revised 20.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $257 Million in 2021, While China is Forecast to Reach $352.7 Million by 2026
The Internet of Things (IoT) in Aviation market in the U.S. is estimated at US$257 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$352.7 Million by the year 2026 trailing a CAGR of 18.3% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 16.5% and 15.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 13% CAGR.
MROs Segment to Reach US$460.7 Million by the year 2026
In the global MROs segment, USA, Canada, Japan, China and Europe will drive the 18.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$112.8 Million in the year 2020 will reach a projected size of US$382.6 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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