The market for aviation analytics worldwide has a value of US$2,887.4 million in 2022 and is projected to grow at a CAGR of 9.6% from 2022 to 2032, reaching a value of US$7,216.1 million. The market is expanding as a result of rising travel and tourist demand and rising demand for data management. From 2022 to 2032, the market for aviation analytics is anticipated to grow at a CAGR of 9.1%.
Risk management, revenue management, customer analytics, and fuel management are just a few of the uses for which the aviation sector turns to aviation analytics solutions.
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Because these products improve their maintenance, profitability, and operational effectiveness, the majority of businesses use aviation analytics. Aviation analytics also assists businesses to maximize operating revenue by assisting them in the development of analytical solutions to meet future demands, such as customer needs.
Aviation analytics solutions assist businesses in measuring, monitoring, and analyzing their objectives, risks, and potential future growth.
Aviation Analytics Market: Drivers and Challenges
Presently, the vendors of the aviation analytics market are focusing on intelligence and analytics solutions to boost the 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 in the aviation analytics market.
Moreover, increasing demand for real-time analytics in the aviation industry is positively driving the aviation analytics market. Additionally, increasing centricity in the aviation industry is also one of the major factors driving the aviation analytics market.
The major challenge faced by the vendors of the aviation analytics market is due to the lack of availability of suitable analytical skills.
Aviation Analytics Market: Key Players
Some of the key players in the aviation analytics market are IBM Corporation, Oracle Corporation, SAP SE, General Electric, Aviation Analytics Ltd. SAS Institute, Ramco International, Mu-Sigma, and Booz Allen Hamilton.
Aviation Analytics Market: Regional Overview
Based on geography, the aviation analytics market can be segmented into seven key regions namely North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan, and the Middle East & Africa. 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. 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.
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Key Segments Covered in the Aviation Analytics Industry Analysis
By End User:
- Airlines
- Airports
By Verticals:
- Finance
- Operations
- Sales & Marketing
- Maintenance & Repair
- Supply Chain
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Table of Content
1. Executive Summary | Aviation Analytics Market
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
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
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