Global Aviation Analytics Market – Industry Trends and Forecast to 2029

Global Aviation Analytics Market, By Component (Services, Solutions), Deployment (Cloud, On-Premise), Business Function (Finance, Operations, Maintenance and Repair, Sales and Marketing, Supply Chain, Others), Application (Flight Risk Management, Fuel Management, Rout Management, Fleet Management, Inventory Management, Wealth Management, Performance Monitoring, Inspection, Predictive Analysis, Part Replacement, Supply Chain Planning, Energy Management, Emergency Management, Mobility and Functionality, Others), End User (Original Equipment Manufacturers, Airlines, Airports, Maintenance Repair and Overhaul) – Industry Trends and Forecast to 2029.

Aviation Analytics Market Analysis and Size

The rising benefits of big data analytics for improved decision making and better planning in aviation analytics are the factors boosting the growth of the market over the forecasted period. Moreover, the rising preference for air travel is also the factor propelling the market's growth. 

Global aviation analytics market was valued at USD 2.02 billion in 2021 and is expected to reach USD 4.85 billion by 2029, registering a CAGR of 11.58% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production and sales, and pestle analysis.

Aviation Analytics Market Scope and Segmentation

Market Definition

The aviation analytics is the technology that is used to enable airports to obtain comprehensive and coordinated information, statistics, flight route data and weather forecast. It also enables the end user to make better decisions using analytics solutions.

Global Aviation Analytics Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

• Rising growth and profits of the aviation markets

The growing demand of airport analytics from various end users such as original equipment manufacturers and others is the primary factor for the growth of the market over the forecasted period. the adoption of aviation analytics has resulted in large profit drives for the market as it has reduced production and management costs and across the areas such as fuel needs and baggage costs. The systems evaluate the quantity of fuel needed with the data analytics and generation of the flight or the aircraft. These factors are driving the growth of the aviation analytics market over the forecasted period.

• Rise in the air travellers population

The rising population of air travelers across the globe is an important factor driving the market's growth over the forecasted period. The growing passenger preference for air travel has demanded aviation analytics tools over recent years. This factors is driving the growth of the market over the forecasted period.

Opportunities

• Advancements and Development

The generation of large volumes of data in aviation analytics has led to the rising adoption of big data analytics for the management of large volumes of essential data. Advanced technologies such as artificial intelligence, machine learning, and big data analytics are being used in order to manage and process the generated data. The use of these technologies worldwide is rising due to their expanding use across numerous end users. All these factors create certain lucrative growth opportunities for the aviation analytics market over the forecasted period.

Restraints/Challenges

• Requirement of diverse data modelling

One of the barriers to market expansion is the requirement of enhanced data modeling techniques. The high cost associated with the enhanced model implementation and maintenance further increases the overall cost of aircrafts, hindering market growth.

• Lack of skilled personnel

The lack of appropriate skilled personnel required to secure enhanced management and technical facilities is creating hindrance for the aviation analytics market over the forecasted period. This factor is projected to pose a challenge over the forecast period.

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 growth, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the 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.

Recent Developments

• In 2020, Vistara, an Indian airline, announced a contract with the Boeing AnalytiX for Boeing Performance Maintenance Toolbox and Airplane Healthcare management tools provided for the 787-7 aircraft. These services provide real time custom alerting and enhanced fleet data management.

Global Aviation Analytics Market Scope

The aviation analytics market is segmented on the basis of component, deployment, business function, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Component

• Services
• Solutions

Deployment

• Cloud
• On-Premise

Business Function

• Finance
• Operations
• Maintenance and Repair
• Sales and Marketing
• Supply Chain
• Others

Application

• Flight Risk Management
• Fuel Management
• Rout Management
• Fleet Management
• Inventory Management
• Wealth Management
• Performance Monitoring
• Inspection
• Predictive Analysis
• Part Replacement
• Supply Chain Planning
• Energy Management
• Emergency Management
• Mobility and Functionality
• Others

End User

• Original Equipment Manufacturers
• Airlines
• Airports
• Maintenance Repair and Overhaul

Aviation Analytics MarketRegional Analysis/Insights

The aviation analytics market is analyzed and market size insights and trends are provided by component, deployment, business function, application and end user as referenced above.

The countries covered in the aviation analytics market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, 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), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the aviation analytics market because of the rise in the adoption of modernization of the aircraft fleet and incorporation of modern technologies such as big data analytics, artificial intelligence and others within the region.

Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the rise in the adoption of aviation analytics within the region.

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 aviation analytics 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, global presence, production sites and facilities, production capacities, 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 aviation analytics market.

Some of the major players operating in the aviation analytics market are

• Amazon Web Services, Inc. (U.S.)
• Cloudflare, Inc. (U.S.)
• Google (U.S.)
• IBM (U.S.)
• Microsoft (U.S.)
• Hitachi Ltd., (Japan)
• Huawei Technologies Co., Ltd (China)
• Intel Corporation (U.S.)
• Oracle (U.S.)
• Fujitsu (Japan)
• Honeywell International Inc., (U.S.)
• Accenture (Ireland)
• SAP SE (Germany)
• Ramco Systems. (India)
• Capgemini. (France)
• Hexaware Technologies Limited. (India)
• Lufthansa (Germany)
• Winair (U.S.)
• BEP Analytics. (U.S.)
• Swiss AviationSoftware Ltd. (Switzerland)