Report ID: UCMIG20W2008
SkyQuest Technology's Digital aviation market size, share and forecast Report is based on the analysis of market data and Industry trends impacting the global Digital Aviation Market and the revenue of top companies operating in it. Market Size Data and Statistics are based on the comprehensive research by our Team of Analysts and Industry experts.
The worldwide digital aviation market had a value of USD 34.53 billion in 2021, and it is estimated to expand from USD 37.92 billion in 2022 to USD 65.11 billion by 2029, with an expected compound annual growth rate (CAGR) of 8.03% during the forecast period. The COVID-19 pandemic had an unprecedented and significant impact on the digital aviation sector, resulting in reduced demand across all regions compared to pre-pandemic levels. Our analysis indicates that the global digital aviation market experienced a -33.8% decline in 2020 when compared to 2019. Digital solutions find extensive applications within the aviation industry, encompassing areas such as flight operations, aircraft maintenance, and aircraft data management, among others.

This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Airport Services by segment aggregation, the contribution of the Airport Services in Transportation and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG20W2008
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