NEW YORK, United States, Sept. 27, 2023 (GLOBE NEWSWIRE) -- Zion Market Research has published a new research report titled “Aviation Analytics Market By Component (Services And Software), By Business Function (Maintenance, Repair & Operations, Sales & Marketing, Supply Chain, And Finance), By Application (Customer Analytics, Flight Risk Management, Fuel Management, Revenue Management, Inventory Management, And Navigation Services), By End-User (Airlines, Airports, And Others), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030” in its research database.
“According to the latest research study, the global aviation analytics market size was valued at around USD 4 billion in 2022. The market is expected to grow at a CAGR of 9.8% and is anticipated to reach USD 8 billion by 2030.”
Aviation Analytics Market Overview:
Most organizations have adopted aviation analytics because these solutions help them improve their operational performance, maintenance, and profitability. In order to meet future demands, such as customer requirements, organizations are employing aviation analytics, which improves analytical resolution and maximizes operating revenue.
Fuel management, revenue management, customer analytics, and risk management are among the numerous applications for which aviation analytics solutions are utilized in the aviation industry. The solutions of aviation analytics provide businesses with the means to monitor, evaluate, and analyze their business objectives, challenges, and future plans for expansion.
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Our Free Sample Report Consists of the Following:
- Introduction, Overview, and in-depth industry analysis are all included in the 2023 updated report.
- Provide detailed chapter-by-chapter guidance on Request
- Updated Regional Analysis with Graphical Representation of Size, Share, and Trends for the Year 2023
- Includes Updated Tables and Figures
- The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, Revenue Analysis, SWOT Analysis, Historic and Forecast Growth, Porter's 5 Forces Analysis
- Zion Market Research Methodology
Key Insights from Primary Research
- The global aviation analytics market is anticipated to grow rapidly over the forecast timeline owing to an increase in the demand for real-time data analytics in the aviation sector.
- In terms of component, the software segment is slated to register the highest CAGR over the analysis period.
- Based on business function, the finance segment is expected to dominate the segmental growth over the assessment timeline.
- Based on end-user, the airlines segment is expected to lead the segmental expansion over the projected timeframe.
- Region-wise, the North American aviation analytics industry is projected to register the fastest CAGR during the assessment timeline.
Competitive Players:
The report contains qualitative and quantitative research on the global Aviation Analytics market, as well as detailed insights and development strategies employed by the leading competitors.
Some of the main players in the global Aviation Analytics market include;
- Oracle Corporation
- Aviation Analytics Ltd.
- General Electric
- SAS Institute
- Booz Allen Hamilton
- Ramco International
- IBM Corporation
- SAP SE
- Mu-Sigma.
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Aviation Analytics Market: Growth Factors & Restraints
- Rise in the demand for real-time data analytics in the aviation sector will boost the global market trends
Vendors of aviation analytics are concentrating on augmenting their analytics and intelligence solutions in order to increase their business's profitability, which may prove to be a significant factor in the growth of the global aviation analytics market. The global expansion of the market will be driven by consumers' growing interest in using aviation fuel. In addition, a rise in demand for real-time data analytics in the aviation industry will fuel the global expansion of the market. Moreover, effective management of real-time data, such as aircraft maintenance, navigation database, and flight operations, is likely to promote market trends worldwide. Global market growth will be bolstered by the widespread use of artificial intelligence and big data for mechanical analysis and productivity enhancement. In the coming years, strategic alliances, joint ventures, and partnerships are anticipated to play a crucial role in extending the global market's growth potential.
- Less availability of analytical skills among the workforce can put brakes on the global industry surge over 2023-2030
The lack of availability of analytical skills is the key challenge that is faced by the players in the aviation analytics business. This, in turn, is predicted to halt the expansion of the aviation analytics industry globally.
Aviation Analytics Market: Segmentation
The global aviation analytics market is sectored into component, business function, application, end-user, and region.
In component terms, the global aviation analytics market is segregated into services and software segments. Furthermore, the software segment, which gathered nearly 53% of the global market revenue share in 2022, is projected to register the fastest CAGR in the ensuing years.
Based on the business function, the global aviation analytics industry is sectored into maintenance, repair & operations, sales & marketing, supply chain, and finance segments. Moreover, the finance segment, which amassed a huge chunk of the global industry revenue share in 2022, is projected to lead the global industry over the analysis timeline.
Based on the end-user, the aviation analytics market across the globe is divided into airlines, airports, and others. Moreover, the airlines segment, which accumulated nearly 45% of the global market revenue share in 2022, is projected to lead the end-user space in the ensuing years.
Based on the application, the aviation analytics industry globally is bifurcated into fuel management, customer analytics, inventory management, flight risk management, revenue management, and navigation services segments.
Regional Analysis:
- Asia-Pacific is projected to maintain global market domination over the assessment timeline
Asia-Pacific, which accounted for approximately two-fifths of the global aviation analytics market's revenue in 2022, is projected to lead the global market's revenue in the coming years. A notable increase in aviation travel in countries such as India and China is largely responsible for the expansion of the regional market. In addition, the region's thriving civil aviation industry will further bolster regional market trends.
Due to the extensive presence of key actors in countries such as Canada and the United States, the North American aviation analytics industry is projected to record the highest CAGR in the coming years. Aside from this, the regional industry trends will be determined by the increased implementation of industrial aviation analytics by businesses in the United States to improve operational performance.
Report Scope:
| Report Attribute | Report Details |
| Market Size in 2022 | USD 4 Billion |
| Market Forecast in 2030 | USD 8 Billion |
| Growth Rate | CAGR of 9.8% |
| Base Year | 2022 |
| Forecast Years | 2023- 2030 |
| Key Companies Covered | Oracle Corporation, Aviation Analytics Ltd., General Electric, SAS Institute, Booz Allen Hamilton, Ramco International, IBM Corporation, SAP SE, Mu-Sigma., and others. |
| Segments Covered | By Component, By Business Function, By End-User, By Application, and By Region |
| Regions Covered | North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
| Customization Scope | Avail customized purchase options to meet your exact research needs. |
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The global Aviation Analytics market is segmented as follows:
By Component
- Services
- Software
By Business Function
- Maintenance
- Repair & Operations
- Sales & Marketing
- Supply Chain
- Finance
By End-User
- Airlines
- Airports
- Others
By Application
- Customer Analytics
- Flight Risk Management
- Fuel Management
- Revenue Management
By Region
- North America
- The U.S.
- Canada
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Southeast Asia
- Rest of Southeast Asia
- The Middle East & Africa
- GCC
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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Key questions answered in this report:
- What is the market size and growth rate forecast for Aviation Analytics industry?
- What are the main driving factors propelling the Aviation Analytics Market forward?
- What are the leading companies in the Aviation Analytics Industry?
- What segments does the Aviation Analytics Market cover?
- How can I receive a free copy of the Aviation Analytics Market sample report and company profiles?
Key Offerings:
- Full in-depth analysis of the parent market
- Important changes in market dynamics
- Segmentation details of the market
- Former, on-going, and projected market analysis in terms of volume and value
- Assessment of niche industry developments
- Market share analysis
- Key strategies of major players
- Emerging segments and regional markets
- Testimonials to companies in order to fortify their foothold in the market
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