Aviation and Airport Asset Tracking Market Size, Trends and Insights By Technology (RFID, IoT, GPS), By Application (Asset Tracking, Baggage Tracking, Passenger Tracking), By End-User (Airlines, Airports), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032


Report Code: CMI36506

Published Date: December 2023

Pages: 320+

Category: Aerospace & Defense

Report Snapshot

CAGR: 14.8%
302.3M
2022
356.3M
2023
899.7M
2032

Source: CMI

Study Period: 2023-2032
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • Airbus S.A.S.
  • Honeywell International Inc.
  • SITA
  • Unisys Corporation
  • Rockwell Collins, Inc.
  • Siemens AG
  • Others

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Reports Description

The Global Aviation and Airport Asset Tracking Market is anticipated to witness substantial growth from 2023 to 2032, driven by the increasing adoption of advanced tracking technologies in the aviation industry.

The market is projected to achieve a Compound Annual Growth Rate (CAGR) of approximately 14.8% during this period. In 2023, the market is estimated to be valued at USD 356.3 Million, and it is expected to reach USD 899.7 Million by 2032.

Asset tracking solutions in aviation play a crucial role in enhancing operational efficiency, ensuring passenger satisfaction, and optimizing resource management.

Factors Influencing the Aviation and Airport Asset Tracking Market Growth:

Operational Efficiency Improvement:

  • Asset Optimization: Asset tracking solutions enable airlines and airports to optimize the utilization of critical assets such as aircraft, ground equipment, and tools. Real-time tracking and monitoring ensure that assets are efficiently deployed, reducing downtime and improving overall operational efficiency.

Enhanced Passenger Experience:

  • Baggage Tracking: Advanced baggage tracking using RFID, IoT, and GPS technologies minimizes the risk of lost luggage. Passengers benefit from improved reliability in baggage handling, leading to higher satisfaction levels and a positive overall travel experience.
  • Passenger Tracking: Biometric technologies and mobile applications contribute to efficient passenger tracking within airports. This streamlines processes reduces wait times, and enhances the overall journey for travelers.

Cost Savings and Resource Management:

  • Maintenance Optimization: Airlines can optimize maintenance schedules and reduce costs by leveraging asset tracking solutions. Real-time monitoring of aircraft components and tools ensures timely maintenance, preventing unexpected failures and reducing operational expenses.
  • Inventory Management: RFID technology assists in precise inventory management by tracking the movement of spare parts and equipment. This reduces the need for excess inventory, minimizing storage costs and ensuring that the right parts are available when needed.

Technological Advancements:

  • IoT Integration: The integration of Internet of Things (IoT) technology allows for seamless connectivity and communication among various aviation devices. This connectivity enhances the accuracy and efficiency of asset tracking, contributing to overall industry advancement.
  • Blockchain Applications: The use of blockchain technology in asset tracking ensures a secure and transparent record of asset movements. This not only enhances security but also builds trust among stakeholders in the aviation ecosystem.

Regulatory Compliance and Security:

  • Regulatory Standards: The increasing focus on regulatory compliance in the aviation industry is driving the adoption of asset tracking technologies. Airlines and airports are investing in solutions that comply with international aviation standards, ensuring safe and secure operations.
  • Data Security Measures: As the aviation industry deals with sensitive passenger information, there is a growing emphasis on implementing robust data security measures. Asset tracking solutions incorporate encryption and other security features to protect against data breaches.

Globalization and Increasing Air Travel:

  • Rising Air Traffic: The globalization of markets and increasing air travel contribute to the demand for efficient and reliable asset tracking solutions. The growing number of flights and passengers necessitates advanced technologies to manage assets effectively.
  • Expanding Airport Infrastructure: The expansion of airport infrastructure, especially in emerging markets, presents opportunities for the implementation of state-of-the-art asset tracking systems. New airports and upgrades to existing facilities often incorporate the latest technologies for improved efficiency.

Industry Collaborations and Partnerships:

  • Technology-Sector Collaborations: Collaborations between technology companies and aviation stakeholders drive innovation in asset tracking solutions. Partnerships enable the development of comprehensive systems that address the specific needs of the aviation industry.
  • Airlines and Airport Collaborations: Airlines and airports collaborate to implement joint solutions for asset tracking. These collaborations contribute to the seamless integration of tracking technologies into existing aviation operations.

Focus on Sustainable Aviation:

  • Environmental Considerations: As the aviation industry places greater emphasis on sustainability, asset tracking solutions are developed with environmental considerations in mind. Efforts are made to minimize electronic waste and energy consumption in tracking technologies.
  • Green Aviation Initiatives: Airlines and airports adopting asset tracking technologies are increasingly aligning with green aviation initiatives. Sustainable practices in asset tracking contribute to a positive environmental impact.

Proactive Government Initiatives:

  • Government Support: Government initiatives to modernize and enhance aviation infrastructure contribute to the adoption of advanced asset tracking technologies. Supportive policies and investments create an environment conducive to technological innovation in the aviation sector.
  • Regulatory Frameworks: Governments are actively working on establishing regulatory frameworks that promote the responsible and secure deployment of asset tracking solutions. Clear regulations provide guidance and encourage industry-wide adoption.

Proven Track Record and Case Studies:

  • Success Stories: The successful implementation of asset tracking solutions in specific airlines or airports catalyzes broader industry adoption. Case studies highlighting efficiency improvements and cost savings encourage other stakeholders to invest in similar technologies.
  • Demonstrated Benefits: Demonstrated benefits, such as reduced operational costs, improved safety, and enhanced passenger satisfaction, contribute to the positive perception of asset-tracking technologies. Industry players are more inclined to invest when they see tangible results.

Global Aviation and Airport Asset Tracking Market – Mergers and Acquisitions:

Siemens’ Acquisition of SITA:

  • Details: Siemens, a global technology company, completed the acquisition of SITA, a leading provider of IT and communication solutions for the aviation industry.
  • Impact: This strategic acquisition strengthens Siemens’ portfolio in aviation asset tracking and management. The integration of SITA’s expertise enhances Siemens’ capabilities in providing comprehensive solutions for airports and airlines, optimizing operational efficiency and passenger services.

IBM’s Collaboration with Airbus:

  • Details: IBM, a technology and consulting company, entered into a collaboration with Airbus to integrate advanced asset tracking solutions using IoT and blockchain technologies.
  • Impact: The collaboration with Airbus positions IBM as a key player in delivering cutting-edge asset tracking solutions for the aviation industry. The integration of IoT and blockchain technologies enhances asset visibility and traceability, leading to optimized maintenance, reduced downtime, and improved overall operational efficiency.

Thales’ Partnership with Airport Solutions:

  • Details: Thales Group, a multinational technology company, formed a strategic partnership with Airport Solutions to jointly develop advanced passenger tracking solutions.
  • Impact: The collaboration combines Thales’ expertise in aviation technology with Airport Solutions’ tracking capabilities. This partnership aims to enhance passenger experience and operational efficiency by leveraging innovative solutions for real-time passenger tracking within airports.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

Aviation and Airport Asset Tracking Market Origami Aeroplane Seat Design Market Urban Air Mobility Infrastructure Market
CAGR 14.8% (Approx) CAGR 7.5% (Approx) CAGR 34% (Approx)
USD 899.7 Million by 2032 USD 482.5 Million by 2032 USD 29.01 Billion by 2032

Challenges Impacting the Aviation and Airport Asset Tracking Market:

Integration Complexity:

  • Challenge: Integrating asset tracking technologies into existing aviation systems can be complex, requiring compatibility and seamless connectivity.
  • Impact: Integration challenges may impede the efficient deployment of asset-tracking solutions, affecting operational optimization and resource management.

Data Security and Privacy:

  • Challenge: Ensuring the security and privacy of sensitive data collected through asset tracking systems, particularly passenger information.
  • Impact: Concerns about data security may lead to regulatory challenges, public distrust, and potential legal issues for aviation and airport stakeholders.

Regulatory Compliance:

  • Challenge: Adhering to aviation regulatory standards and ensuring that asset tracking systems comply with international aviation regulations.
  • Impact: Non-compliance may result in penalties, operational disruptions, and reputational damage for airlines and airports.

Technological Obsolescence:

  • Challenge: Rapid advancements in tracking technologies may lead to the obsolescence of existing solutions, requiring continuous investment in upgrades.
  • Impact: Outdated technologies may hinder the effectiveness of asset tracking, limiting the benefits in terms of efficiency and cost savings.

Environmental Impact:

  • Challenge: Balancing the deployment of tracking technologies with environmental concerns, particularly in terms of electronic waste and energy consumption.
  • Impact: Environmental considerations may influence the choice of sustainable tracking solutions and impact the overall cost of ownership.

Limited Standardization:

  • Challenge: The absence of standardized protocols for asset tracking systems across the aviation industry.
  • Impact: Lack of standardization may lead to interoperability issues, hindering collaboration and data sharing among airlines and airports.

Report Scope

Feature of the Report Details
Market Size in 2023 USD 356.3 Million
Projected Market Size in 2032 USD 899.7 Million
Market Size in 2022 USD 302.3 Million
CAGR Growth Rate 14.8% CAGR
Base Year 2022
Forecast Period 2023-2032
Key Segment By Technology, Application, End-User and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Segmentation Analysis of the Aviation and Airport Asset Tracking Market:

By Technology:

  • RFID: RFID technology in aviation enables the tracking of assets, baggage, and passengers for efficient resource management.
  • IoT: IoT solutions provide real-time connectivity among aviation devices, facilitating seamless communication and data exchange for asset tracking.
  • GPS: GPS technology ensures precise location tracking of aircraft, baggage, and ground vehicles, enhancing overall asset visibility.

By Application:

  • Asset Tracking: Comprehensive solutions for tracking aircraft parts, ground equipment, and tools to optimize inventory management and reduce operational downtime.
  • Baggage Tracking: Systems that use RFID and IoT technologies to enhance the accuracy of baggage tracking, minimizing the risk of lost luggage.
  • Passenger Tracking: Technologies such as biometrics and mobile applications for efficient passenger identification and seamless navigation within airports.

By End-User:

  • Airlines: Asset tracking solutions adopted by airlines for maintenance optimization, inventory management, and fleet efficiency.
  • Airports: Aviation asset tracking technologies deployed in airports to streamline baggage handling, optimize ground operations, and improve passenger flow.

Global Aviation and Airport Asset Tracking Market 2023–2032 (By Million)

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Regional Analysis of the Aviation and Airport Asset Tracking Market:

North America:

  • Market Overview: North America leads in adopting advanced asset tracking technologies in aviation, driven by the presence of major airlines and technological innovation.
  • Factors Driving Growth: Strong collaborations between technology providers and aviation stakeholders, emphasis on passenger experience, and regulatory support.

Europe:

  • Market Overview: Europe focuses on integrating asset tracking for improved efficiency in aviation operations and enhancing the overall passenger journey.
  • Factors Driving Growth: Collaborations between airports and technology vendors, regulatory initiatives for advanced tracking, and a focus on sustainable aviation.

Asia-Pacific:

  • Market Overview: The Asia-Pacific region experiences significant growth in aviation asset tracking, fueled by the expansion of airports and increased air travel.
  • Factors Driving Growth: Government support for aviation infrastructure development, rising air passenger traffic, and the adoption of emerging tracking technologies.

Latin America:

  • Market Overview: Latin America shows growing interest in aviation asset tracking, with a focus on enhancing operational efficiency and passenger services.
  • Factors Driving Growth: Partnerships between airlines and technology providers, efforts to modernize airport facilities, and a growing demand for air travel.

Middle East and Africa:

  • Market Overview: The Middle East and Africa witness steady adoption of aviation asset tracking technologies, driven by investments in airport infrastructure.
  • Factors Driving Growth: Hosting major aviation events, government initiatives for aviation technology advancement, and collaborations with global technology providers.

Global Aviation and Airport Asset Tracking Market 2023–2032 (By End-User)

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Key Observations:

  • Global Integration Trends: The global aviation and airport asset tracking market experiences a trend toward integrating advanced technologies for comprehensive solutions, optimizing aviation operations.
  • Application Diversity: Asset tracking solutions cater to diverse applications, including efficient resource management, baggage tracking, and enhanced passenger services, addressing various needs within the aviation industry.
  • Collaborations and Partnerships: Partnerships between technology companies, airlines, and airports play a vital role in advancing the adoption of asset-tracking solutions and expanding their impact.
  • Technology Convergence: The convergence of technologies such as RFID, IoT, and GPS contributes to the development of comprehensive asset-tracking solutions, addressing various challenges in the aviation ecosystem.
  • Regional Growth Dynamics: Each region contributes uniquely to the growth of the aviation and airport asset tracking market, influenced by factors such as the density of air traffic, regulatory environment, and technological infrastructure.
  • Emerging Market Opportunities: Regions with a growing interest in modernizing aviation infrastructure, increasing air travel demand, and proactive adoption of emerging tracking technologies present significant opportunities for asset tracking solution providers.
  • Market Challenges: Challenges such as integration complexity, data security concerns, regulatory compliance, technological obsolescence, environmental impact, and limited standardization may impact the widespread adoption of aviation and airport asset tracking technologies, necessitating careful consideration and strategic approaches to address them effectively.

Global Aviation and Airport Asset Tracking Market 2023–2032 (By Technology)

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List of the prominent players in the Aviation and Airport Asset Tracking Market:

  • Airbus S.A.S.
  • Honeywell International Inc.
  • SITA
  • Unisys Corporation
  • Rockwell Collins, Inc.
  • Siemens AG
  • Thales Group
  • IBM Corporation
  • Amadeus IT Group SA
  • Cisco Systems Inc.
  • Raytheon Company
  • Lufthansa Systems
  • ATRiCS Advanced Traffic Solutions GmbH
  • Advantech Co. Ltd.
  • Airport Solutions
  • Others

The Aviation and Airport Asset Tracking Market is segmented as follows:

By Technology

  • RFID
  • IoT
  • GPS

By Application

  • Asset Tracking
  • Baggage Tracking
  • Passenger Tracking

By End-User

  • Airlines
  • Airports

Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Russia
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Taiwan
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Aviation and Airport Asset Tracking Market, (2023 – 2032) (USD Million)
    • 2.2 Global Aviation and Airport Asset Tracking Market: snapshot
  • Chapter 3. Global Aviation and Airport Asset Tracking Market – Industry Analysis
    • 3.1 Aviation and Airport Asset Tracking Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Operational Efficiency
      • 3.2.2 Data-Driven Insights
      • 3.2.3 Asset Monitoring
      • 3.2.4 Predictive Maintenance
      • 3.2.5 Enhanced Passenger Experience
      • 3.2.6 Autonomous Ground Handling
      • 3.2.7 Environmental Sustainability
      • 3.2.8 Supply Chain Optimization
      • 3.2.9 Safety and Security
      • 3.2.10 Regulatory Compliance
      • 3.2.11 Fleet Management and Optimization
      • 3.2.12 Air Traffic Management
      • 3.2.13 Aviation Analytics for Decision-Making
      • 3.2.14 5G Integration.
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market Attractiveness Analysis By Technology
      • 3.7.2 Market Attractiveness Analysis By Application
      • 3.7.3 Market Attractiveness Analysis By End-User
  • Chapter 4. Global Aviation and Airport Asset Tracking Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Aviation and Airport Asset Tracking Market: Company Market Share, 2022
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, collaboration, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Aviation and Airport Asset Tracking Market – Technology Analysis
    • 5.1 Global Aviation and Airport Asset Tracking Market Overview: By Technology
      • 5.1.1 Global Aviation and Airport Asset Tracking Market Share, By Technology, 2022 and 2032
    • 5.2 RFID
      • 5.2.1 Global Aviation and Airport Asset Tracking Market by RFID, 2023 – 2032 (USD Million)
    • 5.3 IoT
      • 5.3.1 Global Aviation and Airport Asset Tracking Market by IoT, 2023 – 2032 (USD Million)
    • 5.4 GPS
      • 5.4.1 Global Aviation and Airport Asset Tracking Market by GPS, 2023 – 2032 (USD Million)
  • Chapter 6. Global Aviation and Airport Asset Tracking Market – Application Analysis
    • 6.1 Global Aviation and Airport Asset Tracking Market Overview: By Application
      • 6.1.1 Global Aviation and Airport Asset Tracking Market Share, By Application, 2022 and 2032
    • 6.2 Asset Tracking
      • 6.2.1 Global Aviation and Airport Asset Tracking Market by Asset Tracking, 2023 – 2032 (USD Million)
    • 6.3 Baggage Tracking
      • 6.3.1 Global Aviation and Airport Asset Tracking Market by Baggage Tracking, 2023 – 2032 (USD Million)
    • 6.4 Passenger Tracking
      • 6.4.1 Global Aviation and Airport Asset Tracking Market by Passenger Tracking, 2023 – 2032 (USD Million)
  • Chapter 7. Global Aviation and Airport Asset Tracking Market – End-User Analysis
    • 7.1 Global Aviation and Airport Asset Tracking Market Overview: By End-User
      • 7.1.1 Global Aviation and Airport Asset Tracking Market Share, By End-User, 2022 and 2032
    • 7.2 Airlines
      • 7.2.1 Global Aviation and Airport Asset Tracking Market by Airlines, 2023 – 2032 (USD Million)
    • 7.3 Airports
      • 7.3.1 Global Aviation and Airport Asset Tracking Market by Airports, 2023 – 2032 (USD Million)
  • Chapter 8. Aviation and Airport Asset Tracking Market – Regional Analysis
    • 8.1 Global Aviation and Airport Asset Tracking Market Regional Overview
    • 8.2 Global Aviation and Airport Asset Tracking Market Share, by Region, 2022 & 2032 (USD Million)
    • 8.3. North America
      • 8.3.1 North America Aviation and Airport Asset Tracking Market, 2023 – 2032 (USD Million)
        • 8.3.1.1 North America Aviation and Airport Asset Tracking Market, by Country, 2023 – 2032 (USD Million)
    • 8.4 North America Aviation and Airport Asset Tracking Market, by Technology, 2023 – 2032
      • 8.4.1 North America Aviation and Airport Asset Tracking Market, by Technology, 2023 – 2032 (USD Million)
    • 8.5 North America Aviation and Airport Asset Tracking Market, by Application, 2023 – 2032
      • 8.5.1 North America Aviation and Airport Asset Tracking Market, by Application, 2023 – 2032 (USD Million)
    • 8.6 North America Aviation and Airport Asset Tracking Market, by End-User, 2023 – 2032
      • 8.6.1 North America Aviation and Airport Asset Tracking Market, by End-User, 2023 – 2032 (USD Million)
    • 8.7. Europe
      • 8.7.1 Europe Aviation and Airport Asset Tracking Market, 2023 – 2032 (USD Million)
        • 8.7.1.1 Europe Aviation and Airport Asset Tracking Market, by Country, 2023 – 2032 (USD Million)
    • 8.8 Europe Aviation and Airport Asset Tracking Market, by Technology, 2023 – 2032
      • 8.8.1 Europe Aviation and Airport Asset Tracking Market, by Technology, 2023 – 2032 (USD Million)
    • 8.9 Europe Aviation and Airport Asset Tracking Market, by Application, 2023 – 2032
      • 8.9.1 Europe Aviation and Airport Asset Tracking Market, by Application, 2023 – 2032 (USD Million)
    • 8.10 Europe Aviation and Airport Asset Tracking Market, by End-User, 2023 – 2032
      • 8.10.1 Europe Aviation and Airport Asset Tracking Market, by End-User, 2023 – 2032 (USD Million)
    • 8.11. Asia Pacific
      • 8.11.1 Asia Pacific Aviation and Airport Asset Tracking Market, 2023 – 2032 (USD Million)
        • 8.11.1.1 Asia Pacific Aviation and Airport Asset Tracking Market, by Country, 2023 – 2032 (USD Million)
    • 8.12 Asia Pacific Aviation and Airport Asset Tracking Market, by Technology, 2023 – 2032
      • 8.12.1 Asia Pacific Aviation and Airport Asset Tracking Market, by Technology, 2023 – 2032 (USD Million)
    • 8.13 Asia Pacific Aviation and Airport Asset Tracking Market, by Application, 2023 – 2032
      • 8.13.1 Asia Pacific Aviation and Airport Asset Tracking Market, by Application, 2023 – 2032 (USD Million)
    • 8.14 Asia Pacific Aviation and Airport Asset Tracking Market, by End-User, 2023 – 2032
      • 8.14.1 Asia Pacific Aviation and Airport Asset Tracking Market, by End-User, 2023 – 2032 (USD Million)
    • 8.15. Latin America
      • 8.15.1 Latin America Aviation and Airport Asset Tracking Market, 2023 – 2032 (USD Million)
        • 8.15.1.1 Latin America Aviation and Airport Asset Tracking Market, by Country, 2023 – 2032 (USD Million)
    • 8.16 Latin America Aviation and Airport Asset Tracking Market, by Technology, 2023 – 2032
      • 8.16.1 Latin America Aviation and Airport Asset Tracking Market, by Technology, 2023 – 2032 (USD Million)
    • 8.17 Latin America Aviation and Airport Asset Tracking Market, by Application, 2023 – 2032
      • 8.17.1 Latin America Aviation and Airport Asset Tracking Market, by Application, 2023 – 2032 (USD Million)
    • 8.18 Latin America Aviation and Airport Asset Tracking Market, by End-User, 2023 – 2032
      • 8.18.1 Latin America Aviation and Airport Asset Tracking Market, by End-User, 2023 – 2032 (USD Million)
    • 8.19. The Middle East and Africa
      • 8.19.1 The Middle-East and Africa Aviation and Airport Asset Tracking Market, 2023 – 2032 (USD Million)
        • 8.19.1.1 The Middle-East and Africa Aviation and Airport Asset Tracking Market, by Country, 2023 – 2032 (USD Million)
    • 8.20 The Middle-East and Africa Aviation and Airport Asset Tracking Market, by Technology, 2023 – 2032
      • 8.20.1 The Middle-East and Africa Aviation and Airport Asset Tracking Market, by Technology, 2023 – 2032 (USD Million)
    • 8.21 The Middle-East and Africa Aviation and Airport Asset Tracking Market, by Application, 2023 – 2032
      • 8.21.1 The Middle-East and Africa Aviation and Airport Asset Tracking Market, by Application, 2023 – 2032 (USD Million)
    • 8.22 The Middle-East and Africa Aviation and Airport Asset Tracking Market, by End-User, 2023 – 2032
      • 8.22.1 The Middle-East and Africa Aviation and Airport Asset Tracking Market, by End-User, 2023 – 2032 (USD Million)
  • Chapter 9. Company Profiles
    • 9.1 Airbus S.A.S.
      • 9.1.1 Overview
      • 9.1.2 Financials
      • 9.1.3 Product Portfolio
      • 9.1.4 Business Strategy
      • 9.1.5 Recent Developments
    • 9.2 Honeywell International Inc.
      • 9.2.1 Overview
      • 9.2.2 Financials
      • 9.2.3 Product Portfolio
      • 9.2.4 Business Strategy
      • 9.2.5 Recent Developments
    • 9.3 SITA
      • 9.3.1 Overview
      • 9.3.2 Financials
      • 9.3.3 Product Portfolio
      • 9.3.4 Business Strategy
      • 9.3.5 Recent Developments
    • 9.4 Unisys Corporation
      • 9.4.1 Overview
      • 9.4.2 Financials
      • 9.4.3 Product Portfolio
      • 9.4.4 Business Strategy
      • 9.4.5 Recent Developments
    • 9.5 Rockwell Collins Inc.
      • 9.5.1 Overview
      • 9.5.2 Financials
      • 9.5.3 Product Portfolio
      • 9.5.4 Business Strategy
      • 9.5.5 Recent Developments
    • 9.6 Siemens AG
      • 9.6.1 Overview
      • 9.6.2 Financials
      • 9.6.3 Product Portfolio
      • 9.6.4 Business Strategy
      • 9.6.5 Recent Developments
    • 9.7 Thales Group
      • 9.7.1 Overview
      • 9.7.2 Financials
      • 9.7.3 Product Portfolio
      • 9.7.4 Business Strategy
      • 9.7.5 Recent Developments
    • 9.8 IBM Corporation
      • 9.8.1 Overview
      • 9.8.2 Financials
      • 9.8.3 Product Portfolio
      • 9.8.4 Business Strategy
      • 9.8.5 Recent Developments
    • 9.9 Amadeus IT Group SA
      • 9.9.1 Overview
      • 9.9.2 Financials
      • 9.9.3 Product Portfolio
      • 9.9.4 Business Strategy
      • 9.9.5 Recent Developments
    • 9.10 Cisco Systems Inc.
      • 9.10.1 Overview
      • 9.10.2 Financials
      • 9.10.3 Product Portfolio
      • 9.10.4 Business Strategy
      • 9.10.5 Recent Developments
    • 9.11 Raytheon Company
      • 9.11.1 Overview
      • 9.11.2 Financials
      • 9.11.3 Product Portfolio
      • 9.11.4 Business Strategy
      • 9.11.5 Recent Developments
    • 9.12 Lufthansa Systems
      • 9.12.1 Overview
      • 9.12.2 Financials
      • 9.12.3 Product Portfolio
      • 9.12.4 Business Strategy
      • 9.12.5 Recent Developments
    • 9.13 ATRiCS Advanced Traffic Solutions GmbH
      • 9.13.1 Overview
      • 9.13.2 Financials
      • 9.13.3 Product Portfolio
      • 9.13.4 Business Strategy
      • 9.13.5 Recent Developments
    • 9.14 Advantech Co. Ltd.
      • 9.14.1 Overview
      • 9.14.2 Financials
      • 9.14.3 Product Portfolio
      • 9.14.4 Business Strategy
      • 9.14.5 Recent Developments
    • 9.15 Airport Solutions
      • 9.15.1 Overview
      • 9.15.2 Financials
      • 9.15.3 Product Portfolio
      • 9.15.4 Business Strategy
      • 9.15.5 Recent Developments
    • 9.16 Others.
      • 9.16.1 Overview
      • 9.16.2 Financials
      • 9.16.3 Product Portfolio
      • 9.16.4 Business Strategy
      • 9.16.5 Recent Developments
List Of Figures

Figures No 1 to 24

List Of Tables

Tables No 1 to 77

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2030
  • Market revenue estimates and forecasts up to 2030, by technology
  • Market revenue estimates and forecasts up to 2030, by application
  • Market revenue estimates and forecasts up to 2030, by type
  • Market revenue estimates and forecasts up to 2030, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Player

  • Airbus S.A.S.
  • Honeywell International Inc.
  • SITA
  • Unisys Corporation
  • Rockwell Collins, Inc.
  • Siemens AG
  • Thales Group
  • IBM Corporation
  • Amadeus IT Group SA
  • Cisco Systems Inc.
  • Raytheon Company
  • Lufthansa Systems
  • ATRiCS Advanced Traffic Solutions GmbH
  • Advantech Co. Ltd.
  • Airport Solutions
  • Others

FAQs

The key factors driving the Market are Operational Efficiency, Data-Driven Insights, Asset Monitoring, Predictive Maintenance, Enhanced Passenger Experience, Autonomous Ground Handling, Environmental Sustainability, Supply Chain Optimization, Safety and Security, Regulatory Compliance, Fleet Management and Optimization, Air Traffic Management, Aviation Analytics for Decision-Making And 5G Integration.

The “Airlines” category dominated the market in 2022.

The key players in the market are Airbus S.A.S., Honeywell International Inc., SITA, Unisys Corporation, Rockwell Collins, Inc., Siemens AG, Thales Group, IBM Corporation, Amadeus IT Group SA, Cisco Systems Inc., Raytheon Company, Lufthansa Systems, ATRiCS Advanced Traffic Solutions GmbH, Advantech Co. Ltd., Airport Solutions, Others.

“North America” had the largest share in the Aviation and Airport Asset Tracking Market.

The global market is projected to grow at a CAGR of 14.8% during the forecast period, 2023-2032.

The Aviation and Airport Asset Tracking Market size was valued at USD 356.3 Million in 2023.

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