Global Aviation Analytics Market Overview 2023-2028
IMARC Group, a leading market research company, has recently releases report titled “Aviation analytics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global Aviation analytics market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
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 stands as a distinct domain, utilizing data to enhance different facets of the aviation sector. This field encompasses the gathering, evaluation, and understanding of data from various origins within the aviation network. By facilitating well-informed choices for airlines, airports, and aviation service providers, it aids in refining operations, enhancing safety protocols, and elevating the overall passenger journey. Consequently, the global demand for aviation analytics is on the upswing.
Global Aviation Analytics Market Trends and Drivers:
Currently, the increasing need for enhanced operational efficiency is a prominent factor driving market growth. Airlines are under growing pressure to optimize flight paths, minimize fuel usage, and improve punctuality. Aviation analytics plays a crucial role by offering foresight into maintenance timetables, flight paths, and crew schedules, leading to more seamless and cost-efficient operations. Moreover, the utilization of sophisticated analytics tools for predictive maintenance allows airlines to anticipate potential technical challenges, reducing the likelihood of disruptions during flights and ensuring passenger safety. Additionally, integrating real-time data analytics assists in monitoring weather patterns and air traffic, enabling rapid responses to adverse conditions and prioritizing the safety of both passengers and crew. Beyond this, aviation analytics empowers airlines to gain a competitive advantage through detailed passenger profiling and tailored marketing strategies, further boosting 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
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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