The aviation analytics market is anticipated to flourish at a healthy CAGR of 9.7% between 2023 and 2033. The market is expected to hold a market share of USD 7.90 billion by 2033 while the market is likely to be valued at USD 3.12 billion in 2023.
Aviation analytics is adopted by most enterprises as these solutions facilitate them to improve their operational performance, profitability, and maintenance. Also, aviation analytics helps enterprises to develop an analytical resolution to cater to future demands such as the needs of the customers which might also help enterprises to maximize their operating revenue.
Aviation analytics solutions are used across the aviation industry for various applications such as fuel management, customer analytics, revenue management, and risk management. Further, aviation analytics solutions help enterprises to measure, monitor, and analyze their business goals, risk, and future growth of the enterprise. All these factors are contributing to the growth of rapid integration of the aviation analytics market.
| Attributes | Details |
|---|---|
| Aviation Analytics Market CAGR (2023 to 2033) | 9.7% |
| Aviation Analytics Market Size (2023) | USD 3.12 billion |
| Aviation Analytics Market Size (2033) | USD 7.90 billion |
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Presently, the vendors of the aviation analytics market are focusing on intelligence and analytics solutions to boost the profitability of their business. This, in turn, is driving the demand for the aviation analytics market. In addition, the growing emphasis on jet fuel management is another factor driving the demand in the aviation analytics market.
The increasing demand for real-time analytics in the aviation industry is positively influencing the demand for aviation analytics. Additionally, increasing centricity in the aviation industry is also one of the major factors contributing to the growth of the aviation analytics market.
The key challenge faced by the vendors in the aviation analytics market is the dearth of availability of suitable analytical skills. In addition, on certain days, more than two lakh flights operate, making data collection a challenge for the aviation analytics industry. The number of flights that operate is more than the speed of data collection, making it difficult for aviation analytics to use the data for future purposes.
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| Countries | Revenue Share % (2022) |
|---|---|
| The United States | 18.1% |
| Germany | 8.2% |
| Japan | 5.4% |
| Australia | 4.1% |
| North America | 30.2% |
| Europe | 21.2% |
| Countries | CAGR % (2023 to 2033) |
|---|---|
| China | 8.3% |
| India | 10.2% |
| The United Kingdom | 7.3% |
Demand for Improving Operational Performance Creating Significant Opportunities
Among various regions, the aviation analytics market in North America is expected to dominate during the forecast period owing to the high adoption of industrial aviation analytics by medium and large size enterprises to improve their operational performance. Moreover, the strong presence of aircraft operators along with key manufacturers of aviation analytics is propelling the integration of the same. Thus, owing to the reasons mentioned above, North America held a market share of 30.25% in 2022.
Technological Advancements Driving Growth
Countries such as Germany and the United Kingdom are notably contributing to the growth of the aviation analytics market. This is owing to the technological advancements in the aviation analytics sector. Moreover, the increase in travel and tourism along with the modernization of the aviation sector is bolstering the demand for aviation analytics in the region.
The use of artificial intelligence and the Internet of Things has annihilated the requirement for human intervention, making aviation analytics an easy task for companies. Europe held a market share of 21.2% in 2022.
| Category | By End User Type |
|---|---|
| Leading Segment | Airlines |
| Market Share (2022) | 65.4% |
| Category | By Verticals Type |
|---|---|
| Leading Segment | Operations |
| Market Share (2022) | 49.3% |
Based on end-user type, the airlines segment leads the market as it held a market share of 65.4% in 2022. The vertical category is dominated by the operation segment as it held a market share of 49.3% in 2022.
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The Aviation Analytics Market CAGR for 2033 is 9.7%.
The market is valued at USD 3.12 billion in 2023.
The forecasted market value of the market for 2033 is USD 7.90 billion.
The latest trends in the Aviation Analytics Market include the automation of tasks using AI, enhanced decision-making, anomaly detection, predictive flight trend analysis using machine learning, optimization of operations using big data, and secure aviation record-keeping through blockchain technology.
Key market players in the Aviation Analytics Market are IBM Corporation, SAP SE, and Oracle Corporation.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Analysis 2018 to 2022 and Forecast 2023 to 2033, By End User 5.1. Airlines 5.2. Airports 6. Global Analysis 2018 to 2022 and Forecast 2023 to 2033, By Verticals 6.1. Finance 6.2. Operations 6.3. Sales & Marketing 6.4. Maintenance & Repair 6.5. Supply Chain 7. Global Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. North America 7.2. Latin America 7.3. Western Europe 7.4. Eastern Europe 7.5. South Asia and Pacific 7.6. East Asia 7.7. Middle East and Africa 8. North America Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9. Latin America Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Western Europe Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Eastern Europe Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. South Asia and Pacific Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. East Asia Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Middle East and Africa Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Key Countries Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. IBM Corporation 17.2. Oracle Corporation 17.3. SAP SE 17.4. General Electric 17.5. Aviation Analytics Ltd. 17.6. SAS Institute 17.7. Ramco International 17.8. Mu-Sigma 17.9. Booz Allen Hamilton 17.10. IGT Solutions Pvt. Ltd. 18. Assumptions & Acronyms Used 19. Research Methodology
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Aviation Analytics Market
