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South Korea 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 85 Pages I Allied Market Research
The South Korea IoT in aviation market is expected to witness significant growth during the forecast period.The South Korea IoT in aviation market is majorly driven by constant efficiency & optimization in aviation operations. In addition, the aviation industry has started adopting the Internet of Things to enhance their operations. Ensuring robust cybersecurity measures is expected to drive the market growth.However, rise in concerns regarding the security & privacy of IoT adoption in aviation is expected to hinder the market growth. In addition, with the increased connectivity & data sharing, the potential for cyber threats & data breaches is a major constraint. Moreover, high initial investment and complex integration processes pose a challenge for market players.
On the contrary, the South Korea IoT in aviation market is expected to witness notable growth opportunities due to paradigm shift toward a more personalized & seamless passenger journey. In addition, increase in penetration of IoT technologies with airlines & airports are expected to create lucrative opportunities for the market players. Moreover, the potential for asset & air traffic management is another significant factor projected to fuel the market growth, as South Korea continues to invest in aviation infrastructure & modernization.
The South Korea IoT in aviation market is segmented into component, end user, and application. On the basis of component, the market is divided into hardware, software, and services. By end user, the market is classified into airline & airport, MROs, and manufacturers. Depending on application, the market is segregated into ground operations, passenger experience, asset management, and air traffic management.
The South Korea IoT in aviation market is expected to witness several notable trends. The advent of 5G connectivity is set to revolutionize the industry, providing ultra-fast & reliable connections for a multitude of devices and sensors. In addition, the adoption of artificial intelligence (AI) and machine learning (ML) algorithms is expected to play a pivotal role in predictive maintenance & anomaly detection.
Furthermore, the government regulations play a crucial role in shaping the market landscape. South Korea is anticipated to align with international aviation safety & security standards, ensuring that the implementation of IoT technologies in aviation adheres to stringent guidelines.
In the South Korea IoT in aviation market, qualitative insights play a crucial role in shaping strategies & decision-making. In addition, market players are focused on new product development to introduce innovative solutions that cater to the unique needs of the aviation sector. Moreover, they are heavily investing in R&D activities to enhance IoT technologies, including advanced sensors, data analytics, and communication protocols.
The Porter's five force analysis of the South Korea IoT in aviation market states that the threat of new entrants is moderate, as the aviation industry requires significant capital investment & expertise in aviation operations. Existing players have established their foothold and are continuously innovating, making it challenging for new entrants to compete.The bargaining power of suppliers is relatively low, given the abundance of IoT hardware & software providers in the market. The aviation industry has a wide array of options to choose from, allowing for competitive pricing and quality standards.
The bargaining power of buyers is high, as airlines, airports, and other end users have the ability to choose from a variety of IoT solutions that best align with their needs & budgets.The threat of substitutes is moderate, as traditional aviation operations without IoT integration are still prevalent. However, the benefits offered by IoT solutions in terms of efficiency and passenger experience make it an attractive option for the industry.The competitive rivalry is intense, as multiple players in the South Korea IoT in aviation market competing for market share and strive to outdo each other in terms of innovation & service offerings.
A SWOT analysis identifies and analyzes the strengths, weaknesses, opportunities, and threats of the South Korea IoT in aviation market. Strengths lie in the transformative power of IoT technologies, offering real-time data and analytics that enhance operational efficiency.Weaknesses include the complexity of IoT implementation and the potential cybersecurity risks. The initial investment required and the need for seamless integration can pose challenges for some market participants.The opportunities are vast, including the potential for market expansion into adjacent industries and the growing demand for IoT solutions in aviation.The threats to the market are moderate. Security breaches & cyberattacks pose a significant risk, and the market's susceptibility to economic fluctuations can impact investment in IoT projects. In addition, regulatory changes and evolving safety standards can influence the market dynamics.
The Key players operating in the South Korea IoT in aviation market include Samsung Electronics, LG Electronics, Honeywell International, Hanwha Systems, SK Telecom, Hyundai IT, KT Corporation, Incheon International Airport Corporation, IBM Corporation, and Asiana Airlines.
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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
- Samsung Electronics Co. Ltd
- LG Electronics Co. Ltd
- Hanwha Co. Ltd
- Daelim Industrial Co. Ltd
- Korea Aerospace Industries Ltd
- Korea Airports Corporation
- Incheon International Airport Corporation
- Cheil Industries, Inc.
- AeroTec International Co. Ltd
- Unmanned Solution Co. Ltd
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: SOUTH KOREA 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: SOUTH KOREA 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: SOUTH KOREA 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. Samsung Electronics Co. Ltd
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. LG Electronics Co. Ltd
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. Hanwha Co. Ltd
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. Daelim Industrial Co. Ltd
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. Korea Aerospace Industries Ltd
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. Korea Airports Corporation
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. Incheon International Airport Corporation
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. Cheil Industries, Inc.
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. AeroTec International Co. Ltd
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. Unmanned Solution Co. Ltd
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. SOUTH KOREA IOT IN AVIATION MARKET, BY COMPONENT, 2021-2031 ($MILLION)
TABLE 02. SOUTH KOREA IOT IN AVIATION MARKET, BY END USER, 2021-2031 ($MILLION)
TABLE 03. SOUTH KOREA IOT IN AVIATION MARKET, BY APPLICATION, 2021-2031 ($MILLION)
TABLE 04. SAMSUNG ELECTRONICS CO. LTD: KEY EXECUTIVES
TABLE 05. SAMSUNG ELECTRONICS CO. LTD: COMPANY SNAPSHOT
TABLE 06. SAMSUNG ELECTRONICS CO. LTD: OPERATING SEGMENTS
TABLE 07. SAMSUNG ELECTRONICS CO. LTD: PRODUCT PORTFOLIO
TABLE 08. SAMSUNG ELECTRONICS CO. LTD: KEY STRATERGIES
TABLE 09. LG ELECTRONICS CO. LTD: KEY EXECUTIVES
TABLE 10. LG ELECTRONICS CO. LTD: COMPANY SNAPSHOT
TABLE 11. LG ELECTRONICS CO. LTD: OPERATING SEGMENTS
TABLE 12. LG ELECTRONICS CO. LTD: PRODUCT PORTFOLIO
TABLE 13. LG ELECTRONICS CO. LTD: KEY STRATERGIES
TABLE 14. HANWHA CO. LTD: KEY EXECUTIVES
TABLE 15. HANWHA CO. LTD: COMPANY SNAPSHOT
TABLE 16. HANWHA CO. LTD: OPERATING SEGMENTS
TABLE 17. HANWHA CO. LTD: PRODUCT PORTFOLIO
TABLE 18. HANWHA CO. LTD: KEY STRATERGIES
TABLE 19. DAELIM INDUSTRIAL CO. LTD: KEY EXECUTIVES
TABLE 20. DAELIM INDUSTRIAL CO. LTD: COMPANY SNAPSHOT
TABLE 21. DAELIM INDUSTRIAL CO. LTD: OPERATING SEGMENTS
TABLE 22. DAELIM INDUSTRIAL CO. LTD: PRODUCT PORTFOLIO
TABLE 23. DAELIM INDUSTRIAL CO. LTD: KEY STRATERGIES
TABLE 24. KOREA AEROSPACE INDUSTRIES LTD: KEY EXECUTIVES
TABLE 25. KOREA AEROSPACE INDUSTRIES LTD: COMPANY SNAPSHOT
TABLE 26. KOREA AEROSPACE INDUSTRIES LTD: OPERATING SEGMENTS
TABLE 27. KOREA AEROSPACE INDUSTRIES LTD: PRODUCT PORTFOLIO
TABLE 28. KOREA AEROSPACE INDUSTRIES LTD: KEY STRATERGIES
TABLE 29. KOREA AIRPORTS CORPORATION: KEY EXECUTIVES
TABLE 30. KOREA AIRPORTS CORPORATION: COMPANY SNAPSHOT
TABLE 31. KOREA AIRPORTS CORPORATION: OPERATING SEGMENTS
TABLE 32. KOREA AIRPORTS CORPORATION: PRODUCT PORTFOLIO
TABLE 33. KOREA AIRPORTS CORPORATION: KEY STRATERGIES
TABLE 34. INCHEON INTERNATIONAL AIRPORT CORPORATION: KEY EXECUTIVES
TABLE 35. INCHEON INTERNATIONAL AIRPORT CORPORATION: COMPANY SNAPSHOT
TABLE 36. INCHEON INTERNATIONAL AIRPORT CORPORATION: OPERATING SEGMENTS
TABLE 37. INCHEON INTERNATIONAL AIRPORT CORPORATION: PRODUCT PORTFOLIO
TABLE 38. INCHEON INTERNATIONAL AIRPORT CORPORATION: KEY STRATERGIES
TABLE 39. CHEIL INDUSTRIES, INC.: KEY EXECUTIVES
TABLE 40. CHEIL INDUSTRIES, INC.: COMPANY SNAPSHOT
TABLE 41. CHEIL INDUSTRIES, INC.: OPERATING SEGMENTS
TABLE 42. CHEIL INDUSTRIES, INC.: PRODUCT PORTFOLIO
TABLE 43. CHEIL INDUSTRIES, INC.: KEY STRATERGIES
TABLE 44. AEROTEC INTERNATIONAL CO. LTD: KEY EXECUTIVES
TABLE 45. AEROTEC INTERNATIONAL CO. LTD: COMPANY SNAPSHOT
TABLE 46. AEROTEC INTERNATIONAL CO. LTD: OPERATING SEGMENTS
TABLE 47. AEROTEC INTERNATIONAL CO. LTD: PRODUCT PORTFOLIO
TABLE 48. AEROTEC INTERNATIONAL CO. LTD: KEY STRATERGIES
TABLE 49. UNMANNED SOLUTION CO. LTD: KEY EXECUTIVES
TABLE 50. UNMANNED SOLUTION CO. LTD: COMPANY SNAPSHOT
TABLE 51. UNMANNED SOLUTION CO. LTD: OPERATING SEGMENTS
TABLE 52. UNMANNED SOLUTION CO. LTD: PRODUCT PORTFOLIO
TABLE 53. UNMANNED SOLUTION CO. LTD: KEY STRATERGIES
LIST OF FIGURES
FIGURE 01. SOUTH KOREA IOT IN AVIATION MARKET, 2021-2031
FIGURE 02. SEGMENTATION OF SOUTH KOREA IOT IN AVIATION MARKET, 2021-2031
FIGURE 03. TOP INVESTMENT POCKETS IN SOUTH KOREA 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: SOUTH KOREA IOT IN AVIATION MARKET
FIGURE 10. SOUTH KOREA IOT IN AVIATION MARKET,BY COMPONENT, 2021 ($MILLION)
FIGURE 11. SOUTH KOREA IOT IN AVIATION MARKET,BY END USER, 2021 ($MILLION)
FIGURE 12. SOUTH KOREA IOT IN AVIATION MARKET,BY APPLICATION, 2021 ($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: SOUTH KOREA IOT IN AVIATION MARKET
FIGURE 19. TOP PLAYER POSITIONING, 2021
FIGURE 20. SAMSUNG ELECTRONICS CO. LTD: NET SALES, 2020-2022*($MILLION)
FIGURE 21. SAMSUNG ELECTRONICS CO. LTD: REVENUE SHARE, BY SEGMENT, 2021 (%)
FIGURE 22. SAMSUNG ELECTRONICS CO. LTD: REVENUE SHARE, BY GEOGRAPHY, 2021 (%)
FIGURE 23. LG ELECTRONICS CO. LTD: NET SALES, 2020-2022*($MILLION)
FIGURE 24. LG ELECTRONICS CO. LTD: REVENUE SHARE, BY SEGMENT, 2021 (%)
FIGURE 25. LG ELECTRONICS CO. LTD: REVENUE SHARE, BY GEOGRAPHY, 2021 (%)
FIGURE 26. HANWHA CO. LTD: NET SALES, 2020-2022*($MILLION)
FIGURE 27. HANWHA CO. LTD: REVENUE SHARE, BY SEGMENT, 2021 (%)
FIGURE 28. HANWHA CO. LTD: REVENUE SHARE, BY GEOGRAPHY, 2021 (%)
FIGURE 29. DAELIM INDUSTRIAL CO. LTD: NET SALES, 2020-2022*($MILLION)
FIGURE 30. DAELIM INDUSTRIAL CO. LTD: REVENUE SHARE, BY SEGMENT, 2021 (%)
FIGURE 31. DAELIM INDUSTRIAL CO. LTD: REVENUE SHARE, BY GEOGRAPHY, 2021 (%)
FIGURE 32. KOREA AEROSPACE INDUSTRIES LTD: NET SALES, 2020-2022*($MILLION)
FIGURE 33. KOREA AEROSPACE INDUSTRIES LTD: REVENUE SHARE, BY SEGMENT, 2021 (%)
FIGURE 34. KOREA AEROSPACE INDUSTRIES LTD: REVENUE SHARE, BY GEOGRAPHY, 2021 (%)
FIGURE 35. KOREA AIRPORTS CORPORATION: NET SALES, 2020-2022*($MILLION)
FIGURE 36. KOREA AIRPORTS CORPORATION: REVENUE SHARE, BY SEGMENT, 2021 (%)
FIGURE 37. KOREA AIRPORTS CORPORATION: REVENUE SHARE, BY GEOGRAPHY, 2021 (%)
FIGURE 38. INCHEON INTERNATIONAL AIRPORT CORPORATION: NET SALES, 2020-2022*($MILLION)
FIGURE 39. INCHEON INTERNATIONAL AIRPORT CORPORATION: REVENUE SHARE, BY SEGMENT, 2021 (%)
FIGURE 40. INCHEON INTERNATIONAL AIRPORT CORPORATION: REVENUE SHARE, BY GEOGRAPHY, 2021 (%)
FIGURE 41. CHEIL INDUSTRIES, INC.: NET SALES, 2020-2022*($MILLION)
FIGURE 42. CHEIL INDUSTRIES, INC.: REVENUE SHARE, BY SEGMENT, 2021 (%)
FIGURE 43. CHEIL INDUSTRIES, INC.: REVENUE SHARE, BY GEOGRAPHY, 2021 (%)
FIGURE 44. AEROTEC INTERNATIONAL CO. LTD: NET SALES, 2020-2022*($MILLION)
FIGURE 45. AEROTEC INTERNATIONAL CO. LTD: REVENUE SHARE, BY SEGMENT, 2021 (%)
FIGURE 46. AEROTEC INTERNATIONAL CO. LTD: REVENUE SHARE, BY GEOGRAPHY, 2021 (%)
FIGURE 47. UNMANNED SOLUTION CO. LTD: NET SALES, 2020-2022*($MILLION)
FIGURE 48. UNMANNED SOLUTION CO. LTD: REVENUE SHARE, BY SEGMENT, 2021 (%)
FIGURE 49. UNMANNED SOLUTION CO. LTD: REVENUE SHARE, BY GEOGRAPHY, 2021 (%)
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