The aviation analytics market is anticipated to thrive at a steady CAGR of 9.7% between 2023 and 2033. The market is expected to have a market share of USD 7.90 billion by 2033 while it is likely to be valued at USD 3.12 billion in 2023.
Improved data management, integrated smart technology, enhanced interface, and cloud storage are garnering market growth. Furthermore, the increased air travel and additional services have made the airline sector big and fruitful. Thus, better data management is required.
Better revenue management is attained through segregated and segmented data analytics. Business owners are now also integrating these systems with artificial intelligence that offers conclusive results. These results are helpful for owners to make big decisions around the business.
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The usage of route data is also a part of the aviation analytics system that helps airplane controllers and server engineers to plan routes efficiently. Also, the reliable flight tracking API tracks real-time data.
No need for manual data processing and representation, historic comparison, and fuel efficiencies for carbon-neutral airlines are pushing the demand for aviation analytics in the sector.
Some of the other functions of the analytics systems involve the addition of big data software for managing flight sales and food supply estimation which is propelling market growth. Alongside this, aviation businesses with improved safety, efficiency, better productivity adopt the aviation analytics system on a large scale.
Descriptive, predictive analytics and prescriptive analytics are some of the tools through which aviation analytics do its work for aircraft and airline operations. Furthermore, the integration of aviation analytics with aviation maintenance software is transforming the sector.
Key Takeaways
- The United States market leads North America’s aviation analytics market in terms of market share in North America. The United States held a market share of 18.1% in 2022. The factors attributed to the growth are high airline travel, technological advancements in the airline sector along with the privatization of airports and airline management. North America region held a market share of 30.2% in 2022.
- Germany’s aviation analytics market held a market share of 3.4% in 2022. The market growth is caused by new developments in Germany’s aviation industry with the addition of modern-age flight infrastructure along with technologically driven route management. Europe’s market held a market share of 21.2% in 2022.
- India’s market thrives at a steady CAGR of 10.1% between 2023 and 2033 due to the high economic activities, the advent of smart aviation technology, and increased private ownership in the industry.
- China’s market also thrives at a CAGR of 8.3% during the forecast period.
- Based on end users, the airline segment leads the market as it held a market share of 65.4% in 2022. The dominance is due to the trending adoption of private airlines adopting the latest technology.
- Based on verticals, the operations segment strives as it accumulated a revenue share of 49.3% in the global market in 2022.
Competitive Landscape
The key vendors focus on integrated technology, a friendly interface, and real-time tracking elements. Moreover, the competitors also merge, acquire, and partner with other companies to increase their supply chain and distribution channel.
Key Players Profiled in the Global Market
- IBM Corporation
- Oracle Corporation
- SAP SE
- General Electric
- Aviation Analytics Ltd.
- SAS Institute
- Ramco International
- Mu-Sigma
- Booz Allen Hamilton
Recent Market Developments
- Smooth Maintenance Management at the High Ground – SAS Institute has partnered with Lockheed Martin to transform aircraft maintenance and fleet management with analytics and artificial intelligence.
- Analytics On the Fly – Cirium aviation analytics has introduced a software service that documents fleet data, travel analytics, and flight information to make substantial reports.
Key Segments Covered
By End User:
- Airlines
- Airports
By Verticals:
- Finance
- Operations
- Sales & Marketing
- Maintenance & Repair
- Supply Chain
Key Regions Covered
- North America
- Latin America
- Europe
- Japan
- Asia Pacific Excluding Japan
- The Middle East and Africa
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