Market Insight
IOT capabilities with airlines are endless and can be used to increase flight safety, reduce delays, and offer a better customer experience. IoT can be used to connect everything from landing gear to engines, radio frequency identification (RFID) baggage tags, and precise navigation. By using IoT airlines will have all the information needed to recognize and solve mechanical issues before they occur. RFID baggage tracking technology enables passengers to track their luggage at every step, providing transparency in the baggage handling system. Airlines can also improve fuel efficiency by following precise navigation routes prepared by considering flight data and optimizing aircraft utilization and fuel use.
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Key Players
The Key Players in the Global Airline IOT Market are Amadeus IT Group SA (Spain), SAP SE (Germany), Cisco Systems, Inc. (US), Huawei Technologies Co., Ltd (China), SITA (Switzerland), IBM Corporation (US), Microsoft Corporation (US), Oracle Corporation (US), Siemens AG (Germany), and Sabre Corporation (US).
Market Segment
Global Airline IOT Market has been segmented based on application, component, and region.
Based on component, the airline IoT market is divided into IT services, software, data center systems, communication services and devices. The IT services segment accounted for the largest market share while the software segment is expected to witness the highest CAGR during the forecast period. Various software is used by the airline. For instance, aviation maintenance software is used to perform routine checks on or modifications to work orders at predefined intervals and set schedules. It is also used for non-routine work orders for unplanned repairs discovered when the aircraft is on ground. The positioning and parking assistance software provides feedback to the pilots to estimate standoff, marking lines, and taxi lines, allowing them to remain clear of obstructions.
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