The growth in the aviation industry coupled with technological integration further projected to boost the PIS market. Whereas, in emerging markets such as China, and India, it is expected to mark a momentous growth in the forecast period. According to the International Air Transport Association (IATA), China is expected to replace the US as the world’s largest aviation market in 2024. Whereas, India is projected to take over the UK for third place in 2025, while Indonesia and Japan will be ranked 5th and 7th respectively. Additionally, it is estimated that for air travel approximately 817 million new passengers will be added to account for a total of 1.3 billion in 2035 in China. Whereas, 322 million new additional passengers will add to account a total of 442 million in India. Further, the increased spending and investment in the R&D in the industry along with the launch of the novel planes positively affect the growth of the market. For instance, the Commercial Aircraft Corporation of China Ltd. (COMAC), a Chinese state-owned aerospace manufacturer is a large player and key manufacturer in the aerospace industry. In May 2017, COMAC launched C919 aircraft with the most advanced technological features and is about to launch more such aircraft including C929 and C939 in the near future.
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In addition, China also aims to be the leader in the aviation industry as it has opened the largest airport and aims to break Airbus and Boeing’s aviation Duopoly in the region. Thus, such rapid investments by the company as well as the government policies positively affect the aerospace industry which in turn directly affects the market growth. Moreover, COMAC collaborated with Bombardier Inc., jets, equipment, and aircraft manufacturing company, for the passengers’ jet business. Some of the recent launches in the industry include, in January 2020, Air Canada launched A220 flights. Air Canada currently holds orders for 45 A220s. As more enter the fleet, the aircraft will be deployed from Montreal and Toronto on existing Canadian and transborder routes, including Ottawa, Winnipeg, Calgary, Edmonton and New York.
BYOD practice allows using their own laptops, smartphone or other devices. It is integrating private devices into the network. It intends to give users greater freedom of choice and enables to serve their personal needs. Bring Your Own Device, commonly known as BYOD is changing the way technology has been used at workplaces and even in airplanes. The integration of technology and device allows the users to operate their devices such as smartphone, tablets and computers anywhere anytime on campus or on-board and be able to connect. Owing to this increasing trend of BYOD in flights is expected to provide growth rate to the PIS market in the forecast period.
Global PIS Market Segmentation
By Product Type
By Mode of Transportation
Global PIS Market – Segment by Region
North America
Europe
Asia-Pacific
Rest of the World
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