USD 2.91 billion
Global Aviation Analytics Market Size, Share, Growth Analysis, By Type of Analytics Solution(Predictive Analytics, Descriptive Analytics), By Application Type(Fuel Management, Route Optimization) - Industry Forecast 2024-2031
Report ID:
SQMIG20W2010 |
Region:
Global |
Published Date: February, 2024
Pages:
202
|
Tables:
66 |
Figures:
75
Global Aviation Analytics Market Insights
Global Aviation Analytics Market size was valued at USD 2.91 billion in 2021 and is projected to grow from USD 4.10 billion in 2022 to USD 13.57 billion by 2030, exhibiting a CAGR of 16.13% during the forecast period (2023-2030).
The global aviation industry has witnessed a significant transformation over the years, with advancements in technology and the increasing availability of data. This has led to the emergence of aviation analytics, a powerful tool that enables airlines and aviation companies to leverage data-driven insights for enhancing operational efficiency, improving safety, optimizing costs, and enhancing customer experience. The aviation analytics market is experiencing rapid growth, driven by the increasing adoption of analytics solutions by airlines, airports, and other stakeholders in the aviation ecosystem. The market is fueled by the need to effectively manage and utilize the massive volume of data generated in the aviation industry. Analytics solutions offer valuable insights into various aspects of aviation operations, including flight operations, maintenance and repair, fuel management, revenue management, and customer analytics.
Aviation encompasses all operations associated with the aircraft industry and mechanical flight. The term analytics refers to the systematic computer examination of statistics or data. Aviation analytics is a computational tool that provides end-users with information or statistics from past airport operating data, historical flight data, weather predictions, and real-time flight data. It enables predictive analysis and query processing of large amounts of aviation data. It mostly provides predictions or solutions based on huge amounts of structured and unstructured aviation data.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Predictive Analytics
Fastest Growth
Predictive Analytics
Growth Rate
16.13% CAGR
Global Aviation Interactive Market 2022-2030 ($ Bn)
Country Share for North America Region- 2022 (%)
Global Aviation Interactive Market Size By Type 2022-2030 ($ Bn)
Global Aviation Interactive Market Size By Type 2022-2030 (%)
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Global Aviation Analytics Market Segmental Analysis
The market can be segmented based on the type of analytics solution, which includes predictive analytics, descriptive analytics, prescriptive analytics, and diagnostic analytics. Furthermore, the market can be categorized based on application areas, such as fuel management, route optimization, revenue management, customer analytics, maintenance and repair, and others. Each segment presents unique opportunities and challenges, and the report provides an in-depth analysis of each segment. Based on region, the market is segmented into North America, Latin America, Europe, and MEA.
Analysis By Analytics Solution
This segment focuses on leveraging historical data and advanced algorithms to forecast future events and trends in the aviation industry. Predictive analytics helps airlines and aviation companies predict maintenance needs, flight delays, and passenger demand. By identifying potential issues in advance, airlines can make proactive decisions to minimize disruptions and optimize operational efficiency.
Analysis by Application Area
Fuel management analytics focuses on optimizing fuel consumption and reducing costs by analyzing fuel data, flight patterns, and engine performance. It helps airlines identify fuel-saving opportunities, reduce emissions, and enhance sustainability efforts.
Global Aviation Interactive Market By Type, 2022 (%), 2023 (%)
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Global Aviation Analytics Market Regional Insights
North America with the presence of major airlines and advanced technological infrastructure, North America is a significant market for aviation analytics. The region focuses on operational efficiency, safety, and enhancing the passenger experience through analytics solutions.
Europe is experiencing substantial growth in aviation analytics as airlines strive to optimize costs, improve passenger experience, and comply with stringent regulations. The region emphasizes leveraging analytics to enhance operational efficiency and safety measures.
The Asia Pacific region is witnessing rapid growth in the aviation industry, leading to increased demand for analytics solutions. With the rising air traffic, airlines in the region focus on enhancing operational efficiency, managing growing demand, and improving customer service through analytics.
The aviation industry in Latin America is adopting analytics solutions to optimize operations, reduce costs, and enhance safety measures. Airlines in the region are leveraging analytics to improve route planning, optimize revenue management, and enhance maintenance and repair practices. Latin America also presents opportunities for analytics solution providers to assist airlines in managing demand fluctuations, improving operational performance, and providing a seamless passenger experience.
The Middle East and Africa region is investing in aviation analytics to improve airport infrastructure, optimize flight operations, and enhance the passenger experience. With the region's focus on becoming aviation hubs and expanding their airline networks, analytics solutions are instrumental in managing increasing air traffic, improving safety measures, and optimizing revenue generation. The region's growing investment in smart airports and digitization further drives the demand for analytics solutions.
Global Aviation Interactive Market By Geography, 2022-2030, 2024-2031
- Largest
- Fastest
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Global Aviation Analytics Market Dynamics
Drivers
Increasing Data Availability to Bolster market growth
- The aviation industry generates a massive volume of data from various sources, including flight operations, maintenance records, customer interactions, and weather conditions. The availability of this data has increased significantly in recent years, providing a rich source of information for analytics. Airlines and aviation companies are leveraging this data to gain insights and make data-driven decisions to enhance operational efficiency, optimize costs, and improve the overall passenger experience
- The advancements in analytics technologies, such as machine learning, artificial intelligence, and big data analytics, have revolutionized the aviation industry. These technologies enable airlines to process and analyze vast amounts of data in real-time, identify patterns, detect anomalies, and generate actionable insights. With sophisticated analytics tools and algorithms, airlines can optimize route planning, predict maintenance needs, optimize fuel consumption, and improve revenue management, leading to improved operational performance and profitability.
Restraints
Data Security Concerns to Hinder market growth
- The aviation industry deals with sensitive data, including passenger information, operational data, and maintenance records. Data security and privacy are major concerns, as the industry becomes increasingly digitized and data-driven. Protecting data from cybersecurity threats, unauthorized access, and data breaches is a critical challenge for aviation analytics implementation. Strict compliance with data protection regulations and robust security measures are necessary to address these concerns and maintain the trust of passengers and stakeholders.
- Implementing aviation analytics solutions requires significant investment in technology infrastructure, software licenses, and skilled personnel. The cost of acquiring and integrating analytics platforms, as well as training employees on data analytics, can be substantial. Additionally, resistance to change from employees accustomed to traditional processes and systems can pose challenges during implementation. Overcoming these obstacles requires careful planning, change management strategies, and a strong business case demonstrating the long-term benefits of analytics adoption.
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Global Aviation Analytics Market Competitive Landscape
The Global Aviation Analytics Market is highly competitive, with several players vying for a significant market share. The leading companies in the Automotive Flooring market are investing heavily in research and development to stay ahead of the competition and offer innovative solutions to their customers. Some of the major players in the market have a global presence and offer a wide range of Aviation Analytics catering to various applications such as consumer compatibility, offices, transportation and industrial automation. They are also focused on expanding their product portfolio and enhancing their distribution networks to better serve their customers.
Top Player’s Company Profiles
- SAP SE (Europe)
- General Electric Company (North America)
- Accenture PLC (North America)
- Capgemini SE (Europe)
- Teradata Corporation (North America)
- Cisco Systems, Inc. (North America)
- Aviation Analytics Ltd. (Europe)
- Ramco Systems Limited (Asia Pacific)
- Hexagon AB (Europe)
- Mu Sigma Inc. (North America)
- Palantir Technologies Inc. (North America)
- IFS AB (Europe)
- Aviation Analytics Pty Ltd. (Australia)
- IBM Corporation (Asia Pacific)
- Pentaho Corporation (North America)
- Wipro Limited (Asia Pacific)
- Honeywell International Inc. (North America)
Recent Developments
- In February 2023, Tata Group-owned Air India successfully sealed the world’s biggest ever commercial aviation deal by purchasing 470 passenger aircraft from France’s Airbus and American plane-maker Boeing. The record deal bolsters India’s position on the global platform as an emerging leader in the commercial aviation sector. It has also put Air India in the league of aspiring global carriers – a much needed move for the country where the aviation sector is growing rapidly.
- In February 2023, United Airlines and five corporate partners are launching a venture capital fund to invest in startup firms and technology developing and expanding the availability of sustainable aviation fuel, commonly referred to as SAF.
Global Aviation Analytics Key Market Trends
- One of the significant market trends in the aviation analytics industry is the increasing adoption of artificial intelligence (AI) and machine learning (ML) technologies. AI and ML algorithms have the capability to analyze vast amounts of aviation data in real-time, identify patterns, and generate actionable insights. These technologies enable airlines to optimize various aspects of their operations, including route planning, maintenance schedules, and revenue management. AI-powered chatbots and virtual assistants are also being deployed to enhance customer service and provide personalized experiences.
- Another prominent market trend is the increased focus on predictive maintenance in the aviation industry. Airlines are adopting predictive maintenance analytics solutions to optimize their maintenance processes and reduce unscheduled downtime. By analyzing real-time data from aircraft sensors, maintenance records, and historical performance data, predictive maintenance systems can detect potential faults and provide proactive alerts. This allows airlines to schedule maintenance activities proactively, ensuring that necessary repairs or replacements are carried out before a component fails.
Global Aviation Analytics Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analyses, the global aviation analytics market can be segmented based on the type of analytics solutions utilized and the application areas where these solutions are applied. In terms of analytics solutions, the market can be categorized into predictive analytics, descriptive analytics, prescriptive analytics, and diagnostic analytics. Predictive analytics enables airlines to forecast future events and trends based on historical data and advanced algorithms. Descriptive analytics focuses on analysing historical data to gain insights into past performance and trends. Prescriptive analytics combines historical and real-time data to provide actionable recommendations and optimize decision-making. Diagnostic analytics helps identify the root causes of specific events or issues.
The aviation analytics market covers fuel management, route optimization, revenue management, customer analytics, and maintenance and repair analytics. Fuel management analytics helps airlines optimize fuel consumption and reduce costs. Route optimization analytics assists in identifying the most efficient flight paths, considering factors such as weather conditions, airspace congestion, and fuel consumption. Revenue management analytics optimizes revenue generation through dynamic pricing and seat inventory management. Customer analytics focuses on understanding customer preferences and enhancing customer experience. Maintenance and repair analytics optimize maintenance schedules, reduce downtime, and improve overall fleet performance.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 2.91 billion |
| Market size value in 2031 | USD 13.57 billion |
| Growth Rate | 16.13% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Aviation Analytics Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Aviation Analytics Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Aviation Analytics Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Aviation Analytics Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Aviation Analytics Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Aviation Analytics Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Aviation Analytics Market Report Snapshots
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