Aviation Telematics Market: Introduction
- Telematics is combination of communication and informatics with a sole purpose of providing remote access of systems to users distantly located. Aviation telematics is application of telematics in the aviation sector to provide real-time data of personnel, aircraft, and other support equipment for their efficient control and management.
- Access to real-time data of aviation ecosystems for monitoring and management is helping the sector to increase safety and utilization of aerial vehicles, which in turn is driving the global aviation telematics market
Key Drivers of Aviation Telematics Market
- Maintenance of aircraft is highly complex and critical for operational safety. Inadequately maintained aircrafts result in expensive repairs and reduced air times, which hampers the revenues generated. Moreover, airport operations and air traffic movements follow a stringent set of schedules and plans where each flight is assigned with a dedicated take-off and landing slot. Any delays from ground support teams or the cabin crew results in a more widespread delay across the airport and disrupting regular traffic flow, which further hinders the revenues of airliners. Widespread adoption of advanced technology solutions has been rising to navigate through these challenges. Aviation telematics technology can be used to locate individuals on the ground, monitor behavior of pilots, and other such applications that assist in enhancing the safety of workers as well as passengers. The Ortus Group launched Airsight, a telematics solution, in partnership with Gatwick Airport with the aim to reduce airfield accidents by 25%. Thus, awareness about better safety is driving the global aviation telematics market.
- Rise in number of recreational planes being flown across the globe and increase in number of passenger and cargo planes being operated have meant that management of airstrips for the ever-growing air traffic has become a hectic task. Moreover, controlling the flight paths of these planes and restricting access to certain sensitive places have also become a vital task. This has led to implementation of aviation telematics solutions that provide information and control over the location and flight of planes. These solutions can be used for Geofencing applications in order to restrict access to certain locations. Furthermore, information on location of planes enables air traffic control centers to plan landing or take-off schedules of other planes accordingly. Thus, growing air traffic has significantly boosted the global aviation telematics market.
Restrains of Aviation Telematics Market
- The complexity and scale of delivering telematics applications for huge industry participants inculcates large cost, thus restraining the adoption of aviation telematics. Moreover, communication technologies in aviation telematics are not standardized, which may cause discrepancies in operations at different locations. This further hampers the aviation telematics market.
Impact of COVID-19 Pandemic on Global Aviation Telematics Market
- The airline industry was severely impacted by the COVID-19 pandemic. Drop in travel demand, travel restrictions at borders, and lack of confidence in airplane travel among travelers had put the global aviation industry into the biggest financial crisis. Additionally, the pandemic created ample of challenges for the freight industry. Cross-border transportation also came to a halt due to the COVID-19 pandemic. Amidst these crisis, airlines were facing economic crunch and were struggling with day-to-day operations, thus hampering the global aviation telematics market.
North America and Europe to Hold Significant Share of Global Aviation Telematics Market
- North America and Europe account for significant share of the global aviation telematics market. The U.S. has the largest number of air passengers in the world, with an estimated 925.5 million passengers in 2019. World Air Transport Statistics state that North America accounted for 25% while Europe contributed 23.7% of total worldwide air traffic. This high number of passenger, cargo and military flights in Europe and North America boost the demand of aviation telematics for fleet optimization of aircrafts and consequently, drive the share held by these regions in the global market for aviation telematics.
Key Players Operating in Aviation Telematics Market
The global aviation telematics market is highly competitive due to continuous development of new solutions by market players. Key players operating in the global aviation telematics market are:
- Appareo
- Billion Electric Co., Ltd.
- Global Satellite Engineering.
- GoFleet
- IOT Technology Solutions
- Key Telematics
- ORTUS TECHNOLOGY LTD.
- Pinnacle Plus Ltd
- TRANSPOCO
- VisionTrack
Global Aviation Telematics Market: Research Scope
Global Aviation Telematics Market, by Application
- Diagnostics
- Data Communication
- Updating ECUs
- Remote Monitoring and Control
- Others (Geofencing, Safety, etc.)
Global Aviation Telematics Market, by Aircraft Type
- Passenger Aircraft
- Cargo Aircraft
- Military Aircraft
Global Aviation Telematics Market, by End-user
- Ground Services Provider
- Airlines
- Government & Defense Agencies
Global Aviation Telematics Market, by Region
- North America
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Nordic Region
- Russia & CIS
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- ASEAN
- South Korea
- ANZ
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- GCC
- South Africa
- Turkey
- Rest of Middle East & Africa
