"Data Clouds and Runways: The Trajectory of IoT in Aviation Market"
The Global IoT in Aviation Market is expected to grow from USD 1.05 billion in 2021 to USD 2.98 billion by 2028 at a CAGR of 16.1% during the forecast period.
North America is expected to be the largest market for IoT in aviation over the forecast period. The global need for optimizing airline operations is boosting investments in the area of IoT, as applying this technology has the potential to bring transparency and efficiency in airport operations.