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Aviation Analytics Market Size, Share & Industry Analysis, By Component (Service, Software), By Application (Flight Risk Management, Inventory Management, Fuel Management, Revenue Management, Navigation Services), By Business Function (Sales & Marketing, Finance, Repair & Operations, Supply Chain Management), By End-User (Airlines, Airports, Others) Others and Regional Forecast, 2021-2028

Region : Global | Report ID: FBI102101 | Status : Ongoing

 

KEY MARKET INSIGHTS

 Aviation analytics is computational technology. It mainly provides information or statistics of previous data of airport operation, weather forecast data, real-time flight data to the airlines as well as airports. The increasing demand for artificial intelligence and real-time analytical solutions projected to boost the market. Moreover, aviation analytics solutions give better efficiency, easy access, minimization of revenue leakage, and increasing the profit ratio of the airline companies.


Increase in passenger traffic, generating a massive amount of data. Participants of the aviation industry, such as airlines & passengers, use the analytical solution. Increasing the volume of data generated in the aviation industry refueling the growth of the market.


Key Market Driver -

Increasing Focus on Analytical Solutions and Competitive Intelligence to Increase Profitability of Businesses

Key Market Restraint -

Diversity of Data Models Based on Business Needs


The factors expected to drive the market are increasing the volume of data generated to analyze the aviation Industry. Moreover, increasing customer centricity in the aviation industry anticipated to boost the market. Growing demand for real-time analytics and the high adoption rate of analytics in the aviation industry are the upcoming opportunities for the market. However, the lack of appropriate analytical skills factors affecting the market growth.


Market Segmentation:


By component, the market segmented into service and software. Based on the application, the market segmented into flight risk management, inventory management, fuel management, revenue management, and navigation services. Based on business function, the market categorized into sales & marketing, finance, repair & operations, and supply chain management. Based on end-users, the market segmented into airlines, airports, and others. From a geographical standpoint, the market categorized into North America, Europe, Asia Pacific, and the Rest of the World.


Key Players Covered:


The major companies in the global aviation analytics market report includes Key players include General Electric (U.S.), IBM Corporation (U.S.), SAP SE (Germany), SAS Institute (U.S.), Ramco International (India), Mu-Sigma (U.S.), Mercator (U.S.), Aviation Analytics (U.K.), Airport Analytics (U.K.), Oracle Corporation (U.S.), and among others.


 Key Insights



  • Aviation Analytics Solutions

  • Real-Time Analytics

  • Industrial Aviation Analytics


Regional Analysis:


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The global aviation analytics market segmented into North America, Europe, Asia Pacific, and Rest of the World. North America region shows the largest market share of the aviation analytics market. The growth attributed to the increased adoption of industrial aviation analytics from different enterprises to enhance their operational performance. Asia-Pacific region projected to show the highest growth rate in the market during the forecast period. The region is anticipating substantial growth in the aviation industry. This growth attributed to the increasing middle-class population coupled with growth in tourism in emerging countries such as India and China. In Europe, increased prominence on the management of jet fuel, which is the other factor that is driving the market. Latin America and Middle East & Africa projected to register a remarkable growth during the forecast period.


Segmentation






























 ATTRIBUTE


 DETAILS

By Component




  • Service

  • Software



By Application




  • Flight Risk Management

  • Inventory Management

  • Fuel Management

  • Revenue Management

  • Navigation Services



By Business Function




  • Sales & Marketing

  • Finance

  • Repair & Operations

  • Supply Chain Management



By End-User




  • Airlines

  • Airports

  • Others



By Geography




  • North America (The U.S., Canada)

  • Europe (The UK, Germany, France, Italy, and Rest of Europe)

  • Asia Pacific (China, India, Japan, Australia, South Korea and Rest of Asia Pacific)

  • Rest of the World (Brazil, Argentina, South Africa, and Rest of the World)



Aviation Analytics Market Industry Developments



  • In September 2019, Airbus S.A.S. and TATA SIA Airlines Limited (Vistara) signed a contract to provide maintenance operations, and data analytics for Vistara airlines. It increases competitiveness and secure its data operations.

  • In December 2019 L&T Technology Services Limited., and Airbus S.A.S.(India) signed a contract to manage avionics software made for Airbus airlines. It provides data validation & verification, and data analytics.


Aviation Analytics Market Size, Share and Global Industry Trend Forecast till 2026
  • Ongoing
  • 2020
  • 2017-2019

    CHOOSE LICENSE TYPE

  • 4850
    6850
    8850

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