The global aviation analytics market had a market value of US$ 2,887.4 million in 2022 and is anticipated to grow at a CAGR of 9.6% from 2022 to 2032 to reach a market value of US$ 7,216.1 million. The market is expanding as a result of rising travel and tourism demand and rising demand for data management.
The market for aviation analytics is anticipated to experience a CAGR of 9.1% over the preceding five years, from 2022 to 2032. Most businesses use aviation analytics because these solutions help them increase their operational performance, profitability, and maintenance. Aviation analytics aids businesses in creating an analytical response to meet future demands, such as customer needs
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Aviation Analytics Market: Drivers and Challenges
Presently, the vendors of aviation analytics market are focusing on intelligence and analytics solutions to boost profitability of their business owing to this it is turning to be the major factor driving the aviation analytics market. The growing emphasis on jet fuel management is another factor driving the demand of aviation analytics market.
Moreover, increasing demand for real time analytics in aviation industry is driving the aviation analytics market in positive manner. Additionally, increasing centricity in the aviation industry is also one of the major factor driving the aviation analytics market.
The major challenge faced by the vendors of aviation analytics market is due to lack of availability of suitable analytical skills.
Competitive Landscape: What are the Leading Players in the Aviation Analytics Market Up to?
- In July 2021, IBM Corporation acquired WDG Automation, Brazil. This strategic development is aimed at strengthening IBM’s offerings by incorporating WDG’s advanced AI capabilities in enterprise automation.
- In June 2021, Capgemini and Airbus signed an agreement to develop and propose the Skywise platform’s data services to airlines.
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Aviation Analytics Market: Regional Overview
On the basis of geography, aviation analytics market can be segmented into seven key regions namely North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan and Middle East & Africa. Among various regions, the aviation analytics market in North America is expected to dominate during the forecast period owing to high adoption of industrial aviation analytics by medium and large size enterprises to improve their operational performance. North America region is expected to be followed by Western Europe and APAC.
In Europe and Asia pacific region, the market of aviation analytics is growing gradually owing to less awareness and adoption of aviation analytics by enterprises.
Key Segments Covered in the Aviation Analytics Industry Analysis
Aviation Analytics Market by End User:
- Aviation Analytics for Airlines
- Aviation Analytics for Airports
Aviation Analytics Market by Verticals:
- Aviation Analytics in Finance
- Aviation Analytics in Operations
- Aviation Analytics in Sales & Marketing
- Aviation Analytics in Maintenance & Repair
- Aviation Analytics in Supply Chain
Aviation Analytics Market by Region:
- North America Aviation Analytics Market
- Latin America Aviation Analytics Market
- Europe Aviation Analytics Market
- Asia Pacific Aviation Analytics Market
- Middle East & Africa Aviation Analytics Market
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
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