Extensive presence of local and international vendors across the globe is likely to intensify the global competitive scenario in the aviation IoT market. Key players in the aviation IoT market are Cisco Systems, Inc., International Business Machine Corporation, Microsoft Corporation, Wind River, Apple, SITAONAIR, Accenture, and Living PlanIT, among others.
A dynamic and shared structure enables various partners to trade data between carriers, airplane terminal administrators, and travelers. Expanding utilization of IoT environments in savvy and dynamic airplane terminal vision helps the development of auxiliary items and administrations to clients. Quick entrance of in-flight amusement (IFE) systems is a pivotal factor anticipated that would push the interest for flying IoT over the estimate time frame.
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By application, the aviation IoT industry is bifurcated into aviation IoT industry for passengers and aviation IoT industry for aircraft operations. Aviation IoT industry for passengers held the dominant market share in 2016 and is likely to retain its dominance over the forecast period. Development of passenger management systems, reduction of congestion at airports and other structures such as self-service check-in and bag drops, interactive kiosks and video walls, is likely to drive the growth of this segment over the forecast period. Increase in spending on smart airports is expected to accelerate the development of IoT frameworks within airports.
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