IoT in Aviation Market: Growth Prospects for 2024
The IoT in aviation market is expected to experience significant growth in 2024, with estimates projecting it to surpass USD 40 billion. This surge reflects a compound annual growth rate (CAGR) of approximately 12%. Factors driving this growth include the increasing demand for data-driven decision-making, advancements in sensor technology, and the need for real-time monitoring systems.
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