Applications for the Internet of Things (IoT) in the aviation industry have evolved, as new use cases are identified. According to the latest worldwide market study by Berg Insight, the global installed base of active airport asset tracking systems was over 0.2 million units in 2019. This includes all airport asset tracking systems deployed for various motorized ground support equipment (GSE), non-motorized equipment (NME) as well as other applicable mobile airport assets such as on-road vehicles used in airport environments. Airport Asset Tracking Market Development Growing at a compound annual growth rate (CAGR) of 15.4 percent, the active installed base of airport asset tracking systems is estimated to reach close to 0.5 million units worldwide in 2024. That said, the current crisis in the aviation industry that's due to the COVID-19 pandemic will likely also slow down the airport asset tracking market in the short-term. Berg Insight nevertheless anticipates increasing...
TMT Market Research and Analysis