Global Aviation Analytics Market, By Component (Services, Solutions), Deployment (On-premise, Cloud), Business Function (Finance, Operations, Maintenance & Repair, Sales & Marketing, Supply Chain, Others), Application (Flight Risk Management, Fuel Management, Rout Management, Fleet Management, Inventory Management, Wealth Management, Inspection, Performance Monitoring, Predictive Analysis, Part Replacement, Supply Chain Planning, Energy Management, Emergency Management, Mobility & Functionality, Others), End User (OEMs, Airlines, Airports, MROs), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
The aviation analytics market is expected to witness market growth at a rate of 11.20% in the forecast period of 2021 to 2028 and is expected to reach USD 3,654.70 million by 2028. Data Bridge Market Research report on aviation analytics market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the aviation sector is escalating the growth of aviation analytics market.
The aviation analytics refers to the computational technology that assists in serving the statistical data and information about the flights, airport operational data, weather forecasts and real time flight data to the end users. The system offers the analytics solution that assists in incrementing the profit and revenue, improvement in the performance and cost reduction. They are widely used in the business verticals such as sales and marketing, maintenance and repair and business verticals among others.
The increase in customer centricity in aviation industry acts as one of the major factors driving the growth of aviation analytics market. The increase in demand for optimized business operations through the application of structured analytical solutions and technological advancement in cloud-based IT solutions for data collection accelerate the market growth. The increase in the focus on identifying new market opportunities by analyzing preferences and customer behavior and decreased maintenance costs and downtime by employing predictive analytics, further influence the market. Additionally, growth in commercial aircraft, rise in safety regulations for aircraft, surge in disposable income of people and increase in the investments positively affect the aviation analytics market. Furthermore, incorporation of AI-based analytics solutions for critical functions in the aviation sector and cloud-based real-time data collection and analytics extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, requirement of diverse data models and lack of appropriate analytical skills are expected to obstruct the market growth. Economic issues faced by the aviation industry due to COVID-19 are projected to challenge the aviation analytics market in the forecast period of 2021-2028.
This aviation analytics market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on aviation analytics market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Aviation Analytics Market Scope and Market Size
The aviation analytics market is segmented on the basis of component, deployment, business function, application and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of component, the aviation analytics market is segmented into services and solutions.
- On the basis of deployment, the aviation analytics market is segmented into on-premise and cloud.
- On the basis of business function, the aviation analytics market is segmented into finance, operations, maintenance & repair, sales & marketing, supply chain and others.
- On the basis of application, the aviation analytics market is segmented into flight risk management, fuel management, rout management, fleet management, inventory management, wealth management, inspection, performance monitoring, predictive analysis, part replacement, supply chain planning, energy management, emergency management, mobility & functionality and others.
- On the basis of end user, the aviation analytics market is segmented into OEMs, airlines, airports and MROs.
Global Aviation Analytics Market Country Level Analysis
The aviation analytics market is analyzed and market size, volume information is provided by country, component, deployment, business function, application and end user as referenced above.
The countries covered in the global aviation analytics market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America is expected to dominate the aviation analytics market due to the high adoption of modernization of aircraft fleet and incorporation of modern technologies such as big data, artificial intelligence within the region. Asia-Pacific is expected to witness significant growth during the forecast period of 2021 to 2028 because of the adoption of aviation analytics by enterprise.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Aviation Analytics Market Share Analysis
The aircraft transparencies market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to aircraft transparencies market.
The major players covered in the aircraft transparencies market report are IBM, GENERAL ELECTRIC, ORACLE, SAP SE, Ramco Systems., Capgemini., Hexaware Technologies Limited., Lufthansa Technik, Windward Islands Airways International N.V., Honeywell International Inc., SITA, Atheer, Inc, SAS Institute Inc., Booz Allen Hamilton Inc., Mu Sigma., Swiss AviationSoftware Ltd., GrayMatter Software Services Pvt Ltd, Beep Analytics ApS, RELX Group plc, ZESTIOT, IBS Software, Aviation Intelligence Ltd, and Innodatatics Inc., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Aviation Analytics Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.