Aviation Analytics - Global Market Outlook (2017-2026)
According to Stratistics MRC, the Global Aviation Analytics Market is accounted for $2.47 billion in 2017 and is expected to reach $9.52 billion by 2026 growing at a CAGR of 16.2% during the forecast period. Increasing customer centricity in the aviation industry, high adoption rate of analytics in the aviation industry and increasing aviation passenger traffic are some key factors influencing the market growth. However, factors such as multiplicity of data models based on business needs and Lack of Appropriate Analytical Skills are inhibiting the market.
Aviation analytics is a computational technology which provides information or data of past airport operational data, weather forecast, historical flight data, and real-time flight data to the end users. The acceptance of the aviation analytics by most of the organizations is due to the truth that these solutions help them to expand their maintenance, operational performance, and profitability. In order to provide the future demands such as the requirements of the customer, the organizations are adopting aviation analytics, which offers to get better analytical resolutions and also helps in maximizing the operating revenue of the organizations.
By Application, Revenue Management segment accounted for considerable market share in the global market. Revenue Management (RM) is the art and science of maximising revenue under variable conditions. Based on geography, Asia Pacific region is expected to register the highest market growth rate during the forecast period. The growth is due to increasing demand for advanced analytics which are cloud supported and cloud driven, has resulted in the augment in demand for analytics solutions in this region
Some of the key players in Aviation Analytics market include Mercator, General Electric, Booz Allen Hamilton Inc., SAP SE, Aviation Analytics Ltd, Oracle Corporation, IBM Corporation, Mu Sigma, SAS Institute Inc, Ramco Systems and DXC Technology.
Business Functions Covered:
• Sales and Marketing
• Supply Chain
• Maintenance and Repair
• Revenue Management
• Inventory Management
• Flight Risk Management
• Customer Analytics
• Navigation Services
• Fuel Management
End Users Covered:
• Other End Users
- North America
- Rest of Europe
- Asia Pacific
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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