Latin America Aviation Iot Market Size & Outlook
Latin America aviation iot market, 2018-2030 (US$M)
Related Markets
Latin America aviation iot market highlights
- The Latin America aviation iot market generated a revenue of USD 649.8 million in 2023.
- The market is expected to grow at a CAGR of 23.9% from 2024 to 2030.
- In terms of segment, asset management was the largest revenue generating application in 2023.
- Passenger Experience is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 649.8 million |
| Market revenue in 2030 | USD 2,910.6 million |
| Growth rate | 23.9% (CAGR from 2023 to 2030) |
| Largest segment | Asset management |
| Fastest growing segment | Passenger Experience |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Ground Operations, Passenger Experience, Aircraft Operations, Asset Management |
| Key market players worldwide | Honeywell International Inc, Tata Communications, Cisco Systems Inc, Huawei Technologies, International Business Machines Corp, Microsoft Corp, Mahindra & Mahindra Ltd DR, Aptiv PLC, SAP SE |
Other key industry trends
- In terms of revenue, Latin America region accounted for 7.8% of the global aviation iot market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 9,046.4 million by 2030.
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Aviation IoT Market Scope
Aviation IoT Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America aviation iot market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to aviation iot market will help companies and investors design strategic landscapes.
Asset management was the largest segment with a revenue share of 34.58% in 2023. Horizon Databook has segmented the Latin America aviation iot market based on ground operations, passenger experience, aircraft operations, asset management covering the revenue growth of each sub-segment from 2018 to 2030.
- Latin America Aviation IoT Application Outlook (Revenue, USD Million, 2018-2030)
- Ground Operations
- Passenger Experience
- Aircraft Operations
- Asset Management
- Latin America Aviation IoT End-Use Outlook (Revenue, USD Million, 2018-2030)
- Airport
- Airline Operators
- MRO
- Aircraft OEM
- Latin America Aviation IoT Component Outlook (Revenue, USD Million, 2018-2030)
- Hardware
- Software
- Service
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Target buyers of Latin America aviation iot market databook
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Our clientele includes a mix of aviation iot market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America aviation iot market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America aviation iot market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Latin America aviation iot market size, by country, 2018-2030 (US$M)
Latin America Aviation IoT Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
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