Global Aviation Analytics Market Overview 2023-2028
The global aviation analytics market size reached US$ 3.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.9 Billion by 2028, exhibiting a growth rate (CAGR) of 10.3% during 2023-2028.
Aviation analytics refers to the practice of collecting, analyzing, and interpreting data related to various aspects of the aviation industry to gain insights and make informed decisions. It involves using advanced analytics techniques, including predictive modeling, data mining, statistical analysis, and machine learning (ML), to extract valuable information from aviation-related data sources. It enables the identification of trends, patterns, and contributing factors to improve safety protocols, risk mitigation strategies, and accident prevention. It can be used to identify safety risks and analyze data related to accidents, incidents, and near misses.
Global Aviation Analytics Market Trends and Drivers:
There is an increase in the number of air passengers around the world. Along with this, the rising focus on improving the safety and performance of aircraft and significant improvements in the aviation sector represents one of the primary factors driving the demand for aviation analytics around the world. Moreover, the growing instances of aircraft accidents and the increasing commercial air traffic are influencing the market positively. In addition, the increasing adoption of aviation analytics during the events of natural disasters or security threats to help airlines and airports respond quickly and effectively is favoring the growth of the market. Besides this, the rising demand for real time analytical solutions to enhance tracking and fraud detection is bolstering the market growth.
Global Aviation Analytics Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are: Capgemini SE, General Electric Company, GrayMatter Software Services Pvt Ltd, Honeywell International Inc., IGT Solutions Pvt. Ltd., International Business Machines Corporation, Lufthansa Technik AG (Deutsche Lufthansa AG), OAG Aviation Worldwide Limited, Oracle Corporation, Ramco Systems Limited, RELX Group plc and SAS Institute Inc.
The report segmented the market on the basis of region, component, deployment mode, business function, application and end user.
Breakup by Component:
- Software
- Services
Breakup by Deployment Mode:
- On-premises
- Cloud-based
Breakup by Business Function:
- Sales and Marketing
- Finance
- Maintenance
- Repair and Operations
- Supply Chain
Breakup by Application:
- Flight Risk Management
- Inventory Management
- Fuel Management
- Revenue Management
- Customer Analytics
- Navigation Services
Breakup by End User:
- Airlines
- Airports
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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