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Latin America IoT in Aviation Market By Component (Hardware, Software, Services), By End User (Airline, Airport, MROs, Manufacturers), By Application (Ground Operations, Passenger Experience, Asset Management, Air Traffic Management): Opportunity Analysis and Industry Forecast, 2022-2031
Market Report I 2023-05-01 I 79 Pages I Allied Market Research
The Latin America Internet of things (IoT) in aviation market has witnessed significant traction in recent years. This is attributed to increase in demand for enhanced passenger experience and operational efficiency. In addition, the need for real-time asset tracking and management in aviation has boosted the demand for IoT solutions. Furthermore, airlines and airports rely on IoT technology to monitor the status and location of critical assets, such as aircraft, baggage, and ground vehicles. This real-time visibility aids in prevention of operational disruptions and minimizes downtime, leading to cost savings and improved service reliability. All these attributes are expected to people the development of the market.
However, various restraints of the growth of the Latin America Internet of things (IoT) in aviation market exist. The major challenge posed to the widespread adoption of IoT solutions is due to rise in concerns about data security. The sensitive information of aviation industry, including passenger information and flight data is highly prone to cyberattacks and data breaches, which hampers the development of the market. In addition, the high initial investment required for IoT implementation acts as a significant restraint, particularly for small airlines and airports. Moreover, compliance with the stringent regulations pertaining to safety and security by organizations such as the International Civil Aviation Organization (ICAO) acts as a complex task for various providers. Lack of compliance with the regulations restrains the development of the market.
On the contrary, various lucrative opportunities are available for the growth of the market. With growing aviation sector and increasing connectivity, there is substantial opportunity available for market expansion. In addition, rise in demand for tailored IoT solutions has opened new avenues for innovations in the market.
The Latin America Internet of Things (IoT) in aviation market is expected to witness several trends in the future. One such trend is the proliferation of edge computing. Edge devices enable real-time data processing at the source; therefore, enhancing the speed and efficiency of data analytics. Moreover, the emergence of 5G technology is projected to play a pivotal role in shaping the future of aviation IoT. The high-speed, low-latency connectivity offered by 5G networks is anticipated to facilitate the seamless exchange of data between devices, thus enabling new applications and enhancing passenger experiences.
The Latin America Internet of Things (IoT) in aviation market is segmented by component, end user, and application. On the basis of component, the market is divided into hardware, software, and services. Depending on end user, the market is classified into airline, airports, MROs, and manufacturers. As per application, the market is categorized into ground operations, passenger experience, asset management, and air traffic management.
Qualitative developments are essential in understanding the deep insights of the Latin America Internet of Things (IoT) in aviation market. New product development is a key area of focus, as companies strive to create innovative solutions tailored to the unique needs of airlines and airplanes. In addition, R&D efforts drive technological advancements, such as integration of Artificial Intelligence (AI) and machine learning into IoT systems. Furthermore, understanding end-user perceptions plays a crucial role in shaping IoT strategies. Moreover, flexible pricing strategies are adopted to offer value-added services and cost-effective solutions.
The Porter's five forces analysis evaluates the competitive scenario of the Latin America Internet of Things (IoT) in aviation market and role of each stakeholder. The five forces include threat of new entrants, threat of substitutes, bargaining power of buyers, bargaining power of suppliers, and competitive rivalry. The threat of new entrants remains relatively low, owing to high capital requirements, regulatory hurdles, and need for specialized expertise in aviation IoT. The bargaining power of suppliers is moderate, as there are several hardware and software providers in the market. The bargaining power of buyers is relatively high due to the option to choose from a range of IoT solution providers, thereby exerting pressure on pricing and service quality. The threat of substitutes is low, as IoT solutions are integral to aviation operations, and the available alternatives do not offer the same level of data and connectivity. Competitive rivalry in the market is intense, with numerous companies vying for large market share.
SWOT analysis of the Latin America Internet of Things (IoT) in aviation market reveals its strengths, weaknesses, opportunities, and threats. Strengths include the potential for improved operational efficiency, enhanced passenger experience, and real-time asset management. However, the weaknesses encompass data security concerns, high initial investment, and need for regulatory compliance. On the contrary, opportunities lie in the growing aviation sector, technological advancements, and potential for market expansion. The threats for the market include cyberattacks and the competitive nature of the market.
Key players dominating the Latin America Internet of Things (IoT) in aviation industry are Honeywell International Inc., Boeing Company, IBM Corporation, Thales Group, Cisco Systems, Inc., Rockwell Collins, Inc., Airbus SE, General Electric Company, Panasonic Corporation, and SITAONAIR.
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Key Market Segments
By Component
- Hardware
- Software
- Services
By End User
- Airline
- Airport
- MROs
- Manufacturers
By Application
- Ground Operations
- Passenger Experience
- Asset Management
- Air Traffic Management
- Key Market Players
- Aeromar Airlines
- Honeywell Aerospace
- SITA
- Thales Group
- Aeronautica Civil de Colombia
- Airbus Group
- Bogota Flight School
- Embraer
- Lufthansa Technik Latin America
- Rockwell Collins Latin America
CHAPTER 1: INTRODUCTION
1.1. Report Description
1.2. Key Market Segments
1.3. Key Benefits to the Stakeholders
1.4. Research Methodology
1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3. Analyst Tools and Models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market Definition and Scope
3.2. Key Findings
3.2.1. Top Impacting Factors
3.2.2. Top Investment Pockets
3.3. Porter's Five Forces Analysis
3.4. Market Dynamics
3.4.1. Drivers
3.4.2. Restraints
3.4.3. Opportunities
3.5. COVID-19 Impact Analysis on the market
CHAPTER 4: LATIN AMERICA IOT IN AVIATION MARKET, BY COMPONENT
4.1. Overview
4.1.1. Market Size and Forecast, By Component
4.2. Hardware
4.3. Software
4.4. Services
CHAPTER 5: LATIN AMERICA IOT IN AVIATION MARKET, BY END USER
5.1. Overview
5.1.1. Market Size and Forecast, By End User
5.2. Airline
5.3. Airport
5.4. MROs
5.5. Manufacturers
CHAPTER 6: LATIN AMERICA IOT IN AVIATION MARKET, BY APPLICATION
6.1. Overview
6.1.1. Market Size and Forecast, By Application
6.2. Ground Operations
6.3. Passenger Experience
6.4. Asset Management
6.5. Air Traffic Management
CHAPTER 7: COMPETITIVE LANDSCAPE
7.1. Introduction
7.2. Top winning strategies
7.3. Product Mapping of Top 10 Player
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Top player positioning, 2021
CHAPTER 8: COMPANY PROFILES
8.1. Aeromar Airlines
8.1.1. Company overview
8.1.2. Key Executives
8.1.3. Company snapshot
8.1.4. Operating business segments
8.1.5. Product portfolio
8.1.6. Business performance
8.1.7. Key strategic moves and developments
8.2. Honeywell Aerospace
8.2.1. Company overview
8.2.2. Key Executives
8.2.3. Company snapshot
8.2.4. Operating business segments
8.2.5. Product portfolio
8.2.6. Business performance
8.2.7. Key strategic moves and developments
8.3. SITA
8.3.1. Company overview
8.3.2. Key Executives
8.3.3. Company snapshot
8.3.4. Operating business segments
8.3.5. Product portfolio
8.3.6. Business performance
8.3.7. Key strategic moves and developments
8.4. Thales Group
8.4.1. Company overview
8.4.2. Key Executives
8.4.3. Company snapshot
8.4.4. Operating business segments
8.4.5. Product portfolio
8.4.6. Business performance
8.4.7. Key strategic moves and developments
8.5. Aeronautica Civil de Colombia
8.5.1. Company overview
8.5.2. Key Executives
8.5.3. Company snapshot
8.5.4. Operating business segments
8.5.5. Product portfolio
8.5.6. Business performance
8.5.7. Key strategic moves and developments
8.6. Airbus Group
8.6.1. Company overview
8.6.2. Key Executives
8.6.3. Company snapshot
8.6.4. Operating business segments
8.6.5. Product portfolio
8.6.6. Business performance
8.6.7. Key strategic moves and developments
8.7. Bogota Flight School
8.7.1. Company overview
8.7.2. Key Executives
8.7.3. Company snapshot
8.7.4. Operating business segments
8.7.5. Product portfolio
8.7.6. Business performance
8.7.7. Key strategic moves and developments
8.8. Embraer
8.8.1. Company overview
8.8.2. Key Executives
8.8.3. Company snapshot
8.8.4. Operating business segments
8.8.5. Product portfolio
8.8.6. Business performance
8.8.7. Key strategic moves and developments
8.9. Lufthansa Technik Latin America
8.9.1. Company overview
8.9.2. Key Executives
8.9.3. Company snapshot
8.9.4. Operating business segments
8.9.5. Product portfolio
8.9.6. Business performance
8.9.7. Key strategic moves and developments
8.10. Rockwell Collins Latin America
8.10.1. Company overview
8.10.2. Key Executives
8.10.3. Company snapshot
8.10.4. Operating business segments
8.10.5. Product portfolio
8.10.6. Business performance
8.10.7. Key strategic moves and developments
LIST OF TABLES
TABLE 01. LATIN AMERICA IOT IN AVIATION MARKET, BY COMPONENT, 2021-2031 ($MILLION)
TABLE 02. LATIN AMERICA IOT IN AVIATION MARKET, BY END USER, 2021-2031 ($MILLION)
TABLE 03. LATIN AMERICA IOT IN AVIATION MARKET, BY APPLICATION, 2021-2031 ($MILLION)
TABLE 04. AEROMAR AIRLINES: KEY EXECUTIVES
TABLE 05. AEROMAR AIRLINES: COMPANY SNAPSHOT
TABLE 06. AEROMAR AIRLINES: OPERATING SEGMENTS
TABLE 07. AEROMAR AIRLINES: PRODUCT PORTFOLIO
TABLE 08. AEROMAR AIRLINES: KEY STRATERGIES
TABLE 09. HONEYWELL AEROSPACE: KEY EXECUTIVES
TABLE 10. HONEYWELL AEROSPACE: COMPANY SNAPSHOT
TABLE 11. HONEYWELL AEROSPACE: OPERATING SEGMENTS
TABLE 12. HONEYWELL AEROSPACE: PRODUCT PORTFOLIO
TABLE 13. HONEYWELL AEROSPACE: KEY STRATERGIES
TABLE 14. SITA: KEY EXECUTIVES
TABLE 15. SITA: COMPANY SNAPSHOT
TABLE 16. SITA: OPERATING SEGMENTS
TABLE 17. SITA: PRODUCT PORTFOLIO
TABLE 18. SITA: KEY STRATERGIES
TABLE 19. THALES GROUP: KEY EXECUTIVES
TABLE 20. THALES GROUP: COMPANY SNAPSHOT
TABLE 21. THALES GROUP: OPERATING SEGMENTS
TABLE 22. THALES GROUP: PRODUCT PORTFOLIO
TABLE 23. THALES GROUP: KEY STRATERGIES
TABLE 24. AERONAUTICA CIVIL DE COLOMBIA: KEY EXECUTIVES
TABLE 25. AERONAUTICA CIVIL DE COLOMBIA: COMPANY SNAPSHOT
TABLE 26. AERONAUTICA CIVIL DE COLOMBIA: OPERATING SEGMENTS
TABLE 27. AERONAUTICA CIVIL DE COLOMBIA: PRODUCT PORTFOLIO
TABLE 28. AERONAUTICA CIVIL DE COLOMBIA: KEY STRATERGIES
TABLE 29. AIRBUS GROUP: KEY EXECUTIVES
TABLE 30. AIRBUS GROUP: COMPANY SNAPSHOT
TABLE 31. AIRBUS GROUP: OPERATING SEGMENTS
TABLE 32. AIRBUS GROUP: PRODUCT PORTFOLIO
TABLE 33. AIRBUS GROUP: KEY STRATERGIES
TABLE 34. BOGOTA FLIGHT SCHOOL: KEY EXECUTIVES
TABLE 35. BOGOTA FLIGHT SCHOOL: COMPANY SNAPSHOT
TABLE 36. BOGOTA FLIGHT SCHOOL: OPERATING SEGMENTS
TABLE 37. BOGOTA FLIGHT SCHOOL: PRODUCT PORTFOLIO
TABLE 38. BOGOTA FLIGHT SCHOOL: KEY STRATERGIES
TABLE 39. EMBRAER: KEY EXECUTIVES
TABLE 40. EMBRAER: COMPANY SNAPSHOT
TABLE 41. EMBRAER: OPERATING SEGMENTS
TABLE 42. EMBRAER: PRODUCT PORTFOLIO
TABLE 43. EMBRAER: KEY STRATERGIES
TABLE 44. LUFTHANSA TECHNIK LATIN AMERICA: KEY EXECUTIVES
TABLE 45. LUFTHANSA TECHNIK LATIN AMERICA: COMPANY SNAPSHOT
TABLE 46. LUFTHANSA TECHNIK LATIN AMERICA: OPERATING SEGMENTS
TABLE 47. LUFTHANSA TECHNIK LATIN AMERICA: PRODUCT PORTFOLIO
TABLE 48. LUFTHANSA TECHNIK LATIN AMERICA: KEY STRATERGIES
TABLE 49. ROCKWELL COLLINS LATIN AMERICA: KEY EXECUTIVES
TABLE 50. ROCKWELL COLLINS LATIN AMERICA: COMPANY SNAPSHOT
TABLE 51. ROCKWELL COLLINS LATIN AMERICA: OPERATING SEGMENTS
TABLE 52. ROCKWELL COLLINS LATIN AMERICA: PRODUCT PORTFOLIO
TABLE 53. ROCKWELL COLLINS LATIN AMERICA: KEY STRATERGIES
LIST OF FIGURES
FIGURE 01. LATIN AMERICA IOT IN AVIATION MARKET, 2021-2031
FIGURE 02. SEGMENTATION OF LATIN AMERICA IOT IN AVIATION MARKET, 2021-2031
FIGURE 03. TOP INVESTMENT POCKETS IN LATIN AMERICA IOT IN AVIATION MARKET (2022-2031)
FIGURE 04. PORTER FIVE-1
FIGURE 05. PORTER FIVE-2
FIGURE 06. PORTER FIVE-3
FIGURE 07. PORTER FIVE-4
FIGURE 08. PORTER FIVE-5
FIGURE 09. DRIVERS, RESTRAINTS AND OPPORTUNITIES: LATIN AMERICA IOT IN AVIATION MARKET
FIGURE 10. LATIN AMERICA IOT IN AVIATION MARKET,BY COMPONENT, 2021 ($MILLION)
FIGURE 11. LATIN AMERICA IOT IN AVIATION MARKET,BY END USER, 2021 ($MILLION)
FIGURE 12. LATIN AMERICA IOT IN AVIATION MARKET,BY APPLICATION, 2021 ($MILLION)
FIGURE 13. TOP WINNING STRATEGIES, BY YEAR
FIGURE 14. TOP WINNING STRATEGIES, BY DEVELOPMENT
FIGURE 15. TOP WINNING STRATEGIES, BY COMPANY
FIGURE 16. PRODUCT MAPPING OF TOP 10 PLAYERS
FIGURE 17. COMPETITIVE DASHBOARD
FIGURE 18. COMPETITIVE HEATMAP: LATIN AMERICA IOT IN AVIATION MARKET
FIGURE 19. TOP PLAYER POSITIONING, 2021
FIGURE 20. AEROMAR AIRLINES: NET SALES, 2020-2022*($MILLION)
FIGURE 21. AEROMAR AIRLINES: REVENUE SHARE, BY SEGMENT, 2021 (%)
FIGURE 22. AEROMAR AIRLINES: REVENUE SHARE, BY GEOGRAPHY, 2021 (%)
FIGURE 23. HONEYWELL AEROSPACE: NET SALES, 2020-2022*($MILLION)
FIGURE 24. HONEYWELL AEROSPACE: REVENUE SHARE, BY SEGMENT, 2021 (%)
FIGURE 25. HONEYWELL AEROSPACE: REVENUE SHARE, BY GEOGRAPHY, 2021 (%)
FIGURE 26. SITA: NET SALES, 2020-2022*($MILLION)
FIGURE 27. SITA: REVENUE SHARE, BY SEGMENT, 2021 (%)
FIGURE 28. SITA: REVENUE SHARE, BY GEOGRAPHY, 2021 (%)
FIGURE 29. THALES GROUP: NET SALES, 2020-2022*($MILLION)
FIGURE 30. THALES GROUP: REVENUE SHARE, BY SEGMENT, 2021 (%)
FIGURE 31. THALES GROUP: REVENUE SHARE, BY GEOGRAPHY, 2021 (%)
FIGURE 32. AERONAUTICA CIVIL DE COLOMBIA: NET SALES, 2020-2022*($MILLION)
FIGURE 33. AERONAUTICA CIVIL DE COLOMBIA: REVENUE SHARE, BY SEGMENT, 2021 (%)
FIGURE 34. AERONAUTICA CIVIL DE COLOMBIA: REVENUE SHARE, BY GEOGRAPHY, 2021 (%)
FIGURE 35. AIRBUS GROUP: NET SALES, 2020-2022*($MILLION)
FIGURE 36. AIRBUS GROUP: REVENUE SHARE, BY SEGMENT, 2021 (%)
FIGURE 37. AIRBUS GROUP: REVENUE SHARE, BY GEOGRAPHY, 2021 (%)
FIGURE 38. BOGOTA FLIGHT SCHOOL: NET SALES, 2020-2022*($MILLION)
FIGURE 39. BOGOTA FLIGHT SCHOOL: REVENUE SHARE, BY SEGMENT, 2021 (%)
FIGURE 40. BOGOTA FLIGHT SCHOOL: REVENUE SHARE, BY GEOGRAPHY, 2021 (%)
FIGURE 41. EMBRAER: NET SALES, 2020-2022*($MILLION)
FIGURE 42. EMBRAER: REVENUE SHARE, BY SEGMENT, 2021 (%)
FIGURE 43. EMBRAER: REVENUE SHARE, BY GEOGRAPHY, 2021 (%)
FIGURE 44. LUFTHANSA TECHNIK LATIN AMERICA: NET SALES, 2020-2022*($MILLION)
FIGURE 45. LUFTHANSA TECHNIK LATIN AMERICA: REVENUE SHARE, BY SEGMENT, 2021 (%)
FIGURE 46. LUFTHANSA TECHNIK LATIN AMERICA: REVENUE SHARE, BY GEOGRAPHY, 2021 (%)
FIGURE 47. ROCKWELL COLLINS LATIN AMERICA: NET SALES, 2020-2022*($MILLION)
FIGURE 48. ROCKWELL COLLINS LATIN AMERICA: REVENUE SHARE, BY SEGMENT, 2021 (%)
FIGURE 49. ROCKWELL COLLINS LATIN AMERICA: REVENUE SHARE, BY GEOGRAPHY, 2021 (%)
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