Aviation Analytics Market
Aviation Analytics Market Forecasts to 2028 - Global Analysis By Business Function (Sales & Marketing, Finance, Supply Chain, Operation, Maintenance & Repair, Other Business Functions), Component (Solutions, Services, Other Components), Development (Cloud, On Premise), Application (Performance Monitoring, Flight Risk Management, Mobility & Functionality, Rout Management, Fuel Management, Fleet Management, Predictive Analysis, Energy Management, Inventory Management, Supply Chain Planning, Emergency Management, Part Replacement, Inspection, Wealth Management, Other Applications), End User (Airports, MROs, Airlines, OEMs, Other End Users), and Geography
Years Covered |
2020-2028 |
Estimated Year Value (2022) |
US $2.48 BN |
Projected Year Value (2028) |
US $5.34 BN |
CAGR (2022 - 2028) |
13.58% |
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
Largest Market |
Asia Pacific |
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Aviation Analytics Market is accounted for $2.48 billion in 2022 and is expected to reach $5.34 billion by 2028 growing at a CAGR of 13.58% during the forecast period. Aviation encompasses activities connected to the aviation sector and mechanical flight. Analytics is the term for the methodical computation-based analysis of data or statistics. Aviation analytics is a computational method that provides end users with historical operational airport data, weather predictions, historical flight data, including real-time flight data. Large aviation data sets can now be processed for queries and predictive analysis. It mostly offers predictions or solutions based on vast quantities of unstructured and structured aviation data.
According to the US National Air Traffic Controllers Association, there are approximately 87,000 flights taking off in the US every day. In addition, there has been a substantial increase in the number of passengers travelling via air owing to rising disposable income and improved standard of living of people across the world.
Market Dynamics:
Driver:
Increasing focus of aviation industry on competitive intelligence and analytical solutions
Participants in the global aviation industry are emphasising competitive intelligence and analytical solutions more and more in order to boost the profitability of their businesses. As a result, the need for aviation analytics solutions is growing, which is helping the sector. In addition, as the number of passengers flying has increased, more data are being generated. This is driving up the market's urgent need for aviation industry analysis. The increased emphasis on aviation fuel management is also creating a significant data volume requirement for these systems.
Restraint:
Concerns regarding privacy and data security
Considering parent firms have access to details about their clients' purchase, online transactions, ticket reservations, and other crucial information, any analytics flaw could jeopardise client privacy. The enterprises may trade these useful client datasets for mutual benefit. As a result, market expansion is prevented from expanding.
Opportunity:
Rising technological developments in aeronautics analytics solutions
The airline industry is expected to face increasing demand for technology advancements in aeronautics advanced analytics to reduce costs and improve customer experience. Then, as the need for structural analytical solutions to achieve high revenues and profits increases, the market for aviation analytics will grow.
Threat:
Lack of Skilled Professionals
With the recent rise in the use of real-time analytical solutions, particularly "Big Data" analytics, a workforce with analytical abilities is now necessary. Lack of competent labour could slow the overall aviation passenger traffic's explosive expansion. The development of the aviation market globally is also restricted by a lack of experienced personnel, which is a key obstacle to current data and analytics initiatives despite the rise in data consumption and usage.
Covid-19 Impact
The COVID-19 pandemic has forced governments and aviation-related organisations to enact a number of stringent regulations to prevent the virus's spread. A reduction in airport traffic with monetary losses for the aviation sector globally resulted from airports and air travel almost stopping in the second quarter. Many other countries in other regions remain susceptible to latest wave of illnesses, causing their administrations to once again declare partial or complete lockdowns, even though some have started to gradually restore substantial sectors of their economy.
The Solutions segment is expected to be the largest during the forecast period
The Solutions segment is estimated to have a lucrative growth; due to its expansion can be linked to the growing need for a personalised aviation analytics service that can address business issues. Additionally, this technology aids businesses in increasing maintenance, profitability, and operations productivity. Also, when users order tickets, technology can comprehend their wants.
The fight risk management segment is expected to have the highest CAGR during the forecast period
The fight risk management segment is anticipated to witness the fastest CAGR growth during the forecast period, due to improved safety and a decrease in operational problems. Also, a sizeable portion of the market is devoted to fuel management products, which aid airlines in effectively monitoring their fuel usage and managing operating expenses.
Region with highest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to rising demand for sophisticated analytics that are cloud backed and driven by the cloud is encouraging for the aviation analytics industry. The aviation sector is anticipated to grow the most in Asia Pacific due to advantages including greater operational and cost effectiveness as well as superior consumer experiences in countries like China, India, South Korea, Japan, and Malaysia. Also, it is anticipated that the expansion of the aviation analytics business would thrive during the anticipated time due to rising spending and advances in cloud technology.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period, owing to rising customer expectations, mounting pressure to cut costs, and improvements in operational efficiency. Desire for aviation analytics in the area is also anticipated to increase as a result of businesses' willingness to invest in data analytics and customer insights.
Key players in the market
Some of the key players profiled in the Aviation Analytics Market include SAS Institute Inc, General Electric, Ramco Systems, Honeywell International Inc., IGT Solutions, L3Harris Technologies, Inc., OAG Aviation Worldwide Limited, Askdata, Oracle Corporation, SAP SE, International Business Machine Corporation (IBM), Mercator, Booz Allen Hamilton Inc., Alaska Airlines and Swiss AviationSoftware Ltd
Key Developments:
In July 2022, Askdata, a firm with a focus on search-driven analytics, was bought by SAP SE, according to an announcement. By acquiring Askdata, SAP has improved its capacity to support businesses in making more informed decisions by utilizing AI-driven natural language searches. To maximize business insights, users are given the freedom to browse, communicate, and contribute to real-time data.
In March 2022, Ramco Systems entered into a partnership with Alan AI, a Silicon Valley company enabling the next generation of voice assistants for Enterprise Apps. This partnership aimed to embed in-app voice assistants for its enterprise portfolios. In addition, the partnership would build business use cases for the Aviation, Aerospace & Defense sector, followed by use cases for other industry verticals.
In May 2021, Alaska Airlines signed a contract to deploy the Flyways AI technology. It is a flight tracking and routing program that helps dispatchers make better judgments and plan more effective routes. The technology generates data-driven forecasts and makes flight operations and routing suggestions. Flyways helped the airline cut miles, save 480,000 gallons of fuel, and save 4,600 tonnes of carbon emissions over the six-month trial period.
Business Functions Covered:
• Sales & Marketing
• Finance
• Supply Chain
• Operation
• Maintenance & Repair
• Other Business Functions
Components Covered:
• Solutions
• Services
• Other Components
Developments Covered:
• Cloud
• On Premise
Applications Covered:
• Performance Monitoring
• Flight Risk Management
• Mobility & Functionality
• Rout Management
• Fuel Management
• Fleet Management
• Predictive Analysis
• Energy Management
• Inventory Management
• Supply Chain Planning
• Emergency Management
• Part Replacement
• Inspection
• Wealth Management
• Other Applications
End Users Covered:
• Airports
• MROs
• Airlines
• OEMs
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Aviation Analytics Market, By Business Function
5.1 Introduction
5.2 Sales & Marketing
5.3 Finance
5.4 Supply Chain
5.5 Operation
5.6 Maintenance & Repair
5.7 Other Business Functions
6 Global Aviation Analytics Market, By Component
6.1 Introduction
6.2 Solutions
6.3 Services
6.4 Other Components
7 Global Aviation Analytics Market, By Development
7.1 Introduction
7.2 Cloud
7.3 On Premise
8 Global Aviation Analytics Market, By Application
8.1 Introduction
8.2 Performance Monitoring
8.3 Flight Risk Management
8.4 Mobility & Functionality
8.5 Rout Management
8.6 Fuel Management
8.7 Fleet Management
8.8 Predictive Analysis
8.8 Energy Management
8.10 Inventory Management
8.11 Supply Chain Planning
8.12 Emergency Management
8.13 Part Replacement
8.14 Inspection
8.15 Wealth Management
8.16 Other Applications
9 Global Aviation Analytics Market, By End User
9.1 Introduction
9.2 Airports
9.2.1 Medium Airports
9.2.2 Small Airports
9.2.3 Large Airports
9.3 MROs
9.3.1 Medium MROs
9.3.2 Large MROs
9.3.3 Small MROs
9.4 Airlines
9.4.1 Large Airlines
9.4.2 Small Airlines
9.4.3 Medium Airlines
9.5 OEMs
9.5.1 Engine OEMs
9.5.2 Aircraft OEMs
9.6 Other End Users
10 Global Aviation Analytics Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 SAS Institute Inc
12.2 General Electric
12.3 Ramco Systems
12.4 Honeywell International Inc.
12.5 IGT Solutions
12.6 L3Harris Technologies, Inc.
12.7 OAG Aviation Worldwide Limited
12.8 Askdata
12.9 Oracle Corporation
12.10 SAP SE
12.11 International Business Machine Corporation (IBM)
12.12 Mercator
12.13 Booz Allen Hamilton Inc.
12.14 Alaska Airlines
12.15 Swiss AviationSoftware Ltd
List of Tables
1 Global Aviation Analytics Market Outlook, By Region (2020-2028) ($MN)
2 Global Aviation Analytics Market Outlook, By Business Function (2020-2028) ($MN)
3 Global Aviation Analytics Market Outlook, By Sales & Marketing (2020-2028) ($MN)
4 Global Aviation Analytics Market Outlook, By Finance (2020-2028) ($MN)
5 Global Aviation Analytics Market Outlook, By Supply Chain (2020-2028) ($MN)
6 Global Aviation Analytics Market Outlook, By Operation (2020-2028) ($MN)
7 Global Aviation Analytics Market Outlook, By Maintenance & Repair (2020-2028) ($MN)
8 Global Aviation Analytics Market Outlook, By Other Business Functions (2020-2028) ($MN)
9 Global Aviation Analytics Market Outlook, By Component (2020-2028) ($MN)
10 Global Aviation Analytics Market Outlook, By Solutions (2020-2028) ($MN)
11 Global Aviation Analytics Market Outlook, By Services (2020-2028) ($MN)
12 Global Aviation Analytics Market Outlook, By Other Components (2020-2028) ($MN)
13 Global Aviation Analytics Market Outlook, By Development (2020-2028) ($MN)
14 Global Aviation Analytics Market Outlook, By Cloud (2020-2028) ($MN)
15 Global Aviation Analytics Market Outlook, By On Premise (2020-2028) ($MN)
16 Global Aviation Analytics Market Outlook, By Application (2020-2028) ($MN)
17 Global Aviation Analytics Market Outlook, By Performance Monitoring (2020-2028) ($MN)
18 Global Aviation Analytics Market Outlook, By Flight Risk Management (2020-2028) ($MN)
19 Global Aviation Analytics Market Outlook, By Mobility & Functionality (2020-2028) ($MN)
20 Global Aviation Analytics Market Outlook, By Rout Management (2020-2028) ($MN)
21 Global Aviation Analytics Market Outlook, By Fuel Management (2020-2028) ($MN)
22 Global Aviation Analytics Market Outlook, By Fleet Management (2020-2028) ($MN)
23 Global Aviation Analytics Market Outlook, By Predictive Analysis (2020-2028) ($MN)
24 Global Aviation Analytics Market Outlook, By Energy Management (2020-2028) ($MN)
25 Global Aviation Analytics Market Outlook, By Inventory Management (2020-2028) ($MN)
26 Global Aviation Analytics Market Outlook, By Supply Chain Planning (2020-2028) ($MN)
27 Global Aviation Analytics Market Outlook, By Emergency Management (2020-2028) ($MN)
28 Global Aviation Analytics Market Outlook, By Part Replacement (2020-2028) ($MN)
29 Global Aviation Analytics Market Outlook, By Inspection (2020-2028) ($MN)
30 Global Aviation Analytics Market Outlook, By Wealth Management (2020-2028) ($MN)
31 Global Aviation Analytics Market Outlook, By Other Applications (2020-2028) ($MN)
32 Global Aviation Analytics Market Outlook, By End User (2020-2028) ($MN)
33 Global Aviation Analytics Market Outlook, By Airports (2020-2028) ($MN)
34 Global Aviation Analytics Market Outlook, By Medium Airports (2020-2028) ($MN)
35 Global Aviation Analytics Market Outlook, By Small Airports (2020-2028) ($MN)
36 Global Aviation Analytics Market Outlook, By Large Airports (2020-2028) ($MN)
37 Global Aviation Analytics Market Outlook, By MROs (2020-2028) ($MN)
38 Global Aviation Analytics Market Outlook, By Medium MROs (2020-2028) ($MN)
39 Global Aviation Analytics Market Outlook, By Large MROs (2020-2028) ($MN)
40 Global Aviation Analytics Market Outlook, By Small MROs (2020-2028) ($MN)
41 Global Aviation Analytics Market Outlook, By Airlines (2020-2028) ($MN)
42 Global Aviation Analytics Market Outlook, By Large Airlines (2020-2028) ($MN)
43 Global Aviation Analytics Market Outlook, By Small Airlines (2020-2028) ($MN)
44 Global Aviation Analytics Market Outlook, By Medium Airlines (2020-2028) ($MN)
45 Global Aviation Analytics Market Outlook, By OEMs (2020-2028) ($MN)
46 Global Aviation Analytics Market Outlook, By Engine OEMs (2020-2028) ($MN)
47 Global Aviation Analytics Market Outlook, By Aircraft OEMs (2020-2028) ($MN)
48 Global Aviation Analytics Market Outlook, By Other End Users (2020-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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