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 as well as cargo planes rely upon a variety of ground support equipment and machinery including cargo handling and aircraft related assets, which comprise the aviation and airport asset tracking market, a sub-set and super-set of the fleet tracking market.
Aviation and Airport Asset Tracking Market Dynamics
Mind Commerce sees leading airport asset tracking market solutions 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 is 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 an airport chock is much more than its book value and thus the need to consider it as part of the airport asset tracking market.
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.
Aviation and Airport Asset Tracking Market Report
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 2019 to 2024.
Also see the Mind Commerce Comprehensive Asset Tracking Market Report