Market Research Report
Aviation and Airport Asset Tracking Market 2021 - 2026
|Published by||Mind Commerce||Product code||1001375|
|Published||Content info||139 Pages
Delivery time: 1-2 business days
|Aviation and Airport Asset Tracking Market 2021 - 2026|
|Published: April 21, 2021||Content info: 139 Pages||
This report evaluates the aviation and airport asset tracking market including leading vendors, strategies, and solutions. The report analyzes asset tracking technologies including the impact of emerging solutions involving 5G, AI, blockchain, and IoT. The report includes aviation and airport asset tracking market sizing from 2021 to 2026.
With an increasing number of global flights, as well as passenger inflation (e.g. number of passengers per plane), the aviation industry is under great pressure to operate as efficiently as possible. Both passenger airlines and cargo planes rely upon a variety of ground support equipment and machinery including cargo handling and aircraft-related assets. Some of these assets are high book value whereas other tools and equipment are lower value individually, but mission-critical regarding safety, asset protection, and on-time performance.
Leading airport asset tracking solution companies are focusing on the asset value to a business or governmental organization rather than the book value of the asset itself. For example, there are many medium-value assets involved in ground support operations for aircraft such as dollies, service stairs, and tripod jacks. An aircraft chock (used to hold a plane in place on the ground so that it does not roll prior to push-back) typically costs less than $100 each.
While representing a small book value to an organization, the aircraft chock has a very important role from an operational value stand-point. Commercial airliners represent multi-million-dollar investments. Positive public relations are an invaluable intangible asset for a commercial air transport company. Accordingly, an incident involving an aircraft drifting into a physical object (or even worse, hurting a person) would be a PR disaster. Accordingly, the operational value of a chock is much more than its book value.
Leading vendors offer aviation and airport asset tracking solutions that enable cost savings and efficiency improvements through enhanced equipment visibility, command, and control. Geo-location identification is a critical element of all solutions with real-time location services (RTLS) becoming a viable solution for modern aviation operations management systems (AOMS). RTLS solutions provide data necessary for AOMS to provide decision support for aviation support personnel ranging from the tarmac to the hanger and supply storage.