Global Aviation Analytics Market Size, Industry Analysis By Segmentations, Top Key Players, Trends, Future Development & Forecast 2024-2035
- PUBLISHED ON
- 9/1/2022
- NO OF PAGES
- 254
- CATEGORY
- Aerospace & Defense
Market Overview:
The Global Aviation Analytics Market was valued at USD 2.8 billion in 2022 and expected to grow at a CAGR of 13.4% during the forecast period. The global aviation analytics market refers to the use of data analysis tools and techniques to gain insights and intelligence from the data generated in the aviation industry. The data can come from various sources, such as aircraft systems, airports, airlines, and passengers, and can be used to optimize various processes, such as flight operations, maintenance, fuel consumption, and passenger experience.
Aviation analytics involves the use of various technologies, such as big data analytics, machine learning, artificial intelligence, and predictive analytics, to analyze the data and generate insights. The insights can be used to improve operational efficiency, reduce costs, enhance safety, and improve the overall passenger experience.
Covid-19 Impact:
The COVID-19 pandemic has significantly impacted the aviation industry, and the aviation analytics market is no exception. The pandemic has led to a significant decrease in air travel, resulting in reduced demand for aviation analytics solutions and services. Here are some of the specific impacts of COVID-19 on the aviation analytics market:
Reduced demand for analytics solutions: The decrease in air travel has resulted in reduced demand for aviation analytics solutions and services. Airlines and airports have reduced their investments in analytics as they try to cut costs and conserve cash.
Delayed implementation of analytics projects: Many airlines and airports have delayed their plans to implement analytics projects due to the uncertainty caused by the pandemic. The delay in implementation has impacted the revenues of analytics solution providers.
Changes in demand patterns: The pandemic has led to changes in demand patterns for air travel, which has impacted the accuracy of predictive analytics models. Airlines and airports have had to adjust their models to account for the changes in demand.
Focus on safety: The pandemic has increased the focus on safety in the aviation industry, which has led to increased investments in safety analytics solutions. The solutions help airlines and airports to identify and mitigate safety risks.
Despite the impact of the pandemic, the aviation analytics market is expected to recover as air travel gradually resumes. The focus on cost optimization, operational efficiency, and passenger experience is expected to drive the demand for analytics solutions and services in the post-pandemic period.
Market Dynamics:
Drivers:
Increasing volume of data: The aviation industry generates massive amounts of data from various sources, such as aircraft systems, airports, airlines, and passengers. The increasing volume of data has created a need for analytics solutions to help airlines and airports make sense of the data and derive valuable insights.
Focus on operational efficiency: The aviation industry is highly competitive, and airlines and airports are constantly seeking ways to improve their operational efficiency and reduce costs. Analytics solutions can help airlines and airports optimize various processes, such as flight operations, maintenance, fuel consumption, and passenger experience, to achieve these goals.
Emphasis on safety: Safety is a top priority in the aviation industry, and airlines and airports are increasingly investing in safety analytics solutions to identify and mitigate safety risks.
Growing demand for passenger analytics: The demand for passenger analytics is growing as airlines and airports seek to improve the passenger experience. Analytics solutions can help airlines and airports personalize the passenger experience, improve customer satisfaction, and increase revenue.
Technological advancements: The aviation industry is constantly evolving, and new technologies, such as big data analytics, machine learning, artificial intelligence, and predictive analytics, are emerging. These technologies are making it easier and more cost-effective to analyze and derive insights from aviation data.
Restraints:
High implementation costs: The implementation of aviation analytics solutions requires significant investments in hardware, software, and skilled personnel. The high costs of implementation can be a significant barrier, especially for smaller airlines and airports.
Data security concerns: The aviation industry generates a vast amount of data, including sensitive information such as passenger data, flight information, and maintenance records. The security and privacy of this data is a concern for airlines and airports, and any breach of data could have severe consequences.
Limited availability of skilled personnel: The implementation and operation of aviation analytics solutions require skilled personnel with expertise in data science, machine learning, and other analytical tools. However, there is a shortage of such skilled personnel in the market, which can be a constraint for the growth of the aviation analytics market.
Regional Analysis:
North America: North America is the largest market for aviation analytics, driven by the high adoption rate of analytics solutions in the region's airlines and airports. The presence of major players, such as IBM, Oracle, and SAP, further drives the market growth. The demand for safety analytics solutions is high in this region due to the stringent safety regulations.
Europe: Europe is a significant market for aviation analytics, driven by the growing demand for operational efficiency and cost optimization in the region's airlines and airports. The presence of major players, such as Airbus and SITA, further drives the market growth. The demand for passenger analytics solutions is high in this region due to the focus on improving the passenger experience.
Asia Pacific: The Asia Pacific region is a rapidly growing market for aviation analytics, driven by the increasing demand for air travel in the region. The region's airlines and airports are investing in analytics solutions to improve operational efficiency and safety. The demand for analytics solutions in China and India, two of the world's fastest-growing aviation markets, is particularly high.
Middle East and Africa: The Middle East and Africa region is a growing market for aviation analytics, driven by the increasing investments in the region's airports and airlines. The demand for safety analytics solutions is high in this region due to the stringent safety regulations. The adoption rate of analytics solutions in this region is lower than other regions due to the limited availability of skilled personnel.
Latin America: The Latin America region is a developing market for aviation analytics, driven by the increasing demand for air travel in the region. The region's airlines and airports are investing in analytics solutions to improve operational efficiency and safety. The adoption rate of analytics solutions in this region is lower than other regions due to the limited awareness and budget constraints.
Market Segmentation:
Component: The aviation analytics market can be segmented based on its components, such as software, services, and hardware.
Deployment: The market can be segmented based on the deployment of analytics solutions, such as on-premise deployment and cloud deployment.
Type of Analytics: The aviation analytics market can be segmented based on the type of analytics, such as descriptive analytics, predictive analytics, and prescriptive analytics.
Source of Data: The market can be segmented based on the source of data, such as flight data, aircraft data, passenger data, and weather data.
Application: The aviation analytics market can be segmented based on its application in various areas, such as flight operations, maintenance and engineering, fuel management, passenger experience, and revenue management.
End-user: The market can be segmented based on its end-users, such as airlines, airports, and third-party service providers.
Region: The market can be segmented based on the geographic regions, such as North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Competitive Landscape:
The global aviation analytics market is highly competitive and fragmented, with the presence of several established players as well as new entrants. The market players are focusing on offering innovative solutions and services to meet the specific requirements of airlines and airports.
Some of the key players operating in the market include:
IBM Corporation
Oracle Corporation
SAP SE
General Electric
SAS Institute Inc.
Booz Allen Hamilton Inc.
Mu Sigma Inc.
Aviation Analytics Ltd.
Aerostrat Software
Wipro Limited
These companies are adopting various strategies, such as mergers and acquisitions, partnerships, collaborations, and product launches, to expand their market share and strengthen their position in the market. For instance, in August 2021, Wipro Limited announced the launch of its aviation analytics platform, Altus. The platform is designed to help airlines and airports improve operational efficiency, reduce costs, and enhance the passenger experience. Similarly, in June 2021, IBM Corporation announced the launch of its AI-powered predictive maintenance solution, designed to help airlines and airports optimize their maintenance operations.
The competition in the market is expected to intensify further with the increasing adoption of analytics solutions in the aviation industry. The market players are also focusing on expanding their presence in emerging markets, such as Asia Pacific and Latin America, which are expected to witness significant growth in the aviation industry in the coming years. Overall, the competition in the global aviation analytics market is expected to remain intense, with the market players focusing on innovation and differentiation to stay ahead of the competition.
Global Aviation Analytics Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Aviation Analytics market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
Key Points:
Define, describe and forecast Aviation Analytics product market by type, application, end user and region.
Provide enterprise external environment analysis and PEST analysis.
Provide strategies for company to deal with the impact of COVID-19.
Provide market dynamic analysis, including market driving factors, market development constraints.
Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
Analyze the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.
Years considered for this report:
Historical Years: 2016-2021
Base Year: 2021
Estimated Year: 2022
Forecast Period: 2022-2030
Historic Year: 2016-2022
Forecast: 2024-2035
1 Aviation Analytics Market Definition and Overview
1.1 Objectives of the Study
1.2 Overview of Aviation Analytics
1.3 Aviation Analytics Market Scope and Market Size Estimation
1.4 Market Segmentation
1.4.1 Types of Aviation Analytics
1.4.2 Applications of Aviation Analytics
1.5 Market Exchange Rate
2 Research Method and Logic
2.1 Methodology
2.2 Research Data Source
3 Market Competition Analysis
3.1 SAP SE Market Performance Analysis
3.1.1 SAP SE Basic Information
3.1.2 Product and Service Analysis
3.1.3 Strategies for Company to Deal with the Impact of COVID-19
3.1.4 SAP SE Sales, Value, Price, Gross Margin 2016-2021
3.2 Aviation Analytics Ltd Market Performance Analysis
3.2.1 Aviation Analytics Ltd Basic Information
3.2.2 Product and Service Analysis
3.2.3 Strategies for Company to Deal with the Impact of COVID-19
3.2.4 Aviation Analytics Ltd Sales, Value, Price, Gross Margin 2016-2021
3.3 SAS Institute Market Performance Analysis
3.3.1 SAS Institute Basic Information
3.3.2 Product and Service Analysis
3.3.3 Strategies for Company to Deal with the Impact of COVID-19
3.3.4 SAS Institute Sales, Value, Price, Gross Margin 2016-2021
3.4 IBM Corporation Market Performance Analysis
3.4.1 IBM Corporation Basic Information
3.4.2 Product and Service Analysis
3.4.3 Strategies for Company to Deal with the Impact of COVID-19
3.4.4 IBM Corporation Sales, Value, Price, Gross Margin 2016-2021
3.5 Booz Allen Hamilton Market Performance Analysis
3.5.1 Booz Allen Hamilton Basic Information
3.5.2 Product and Service Analysis
3.5.3 Strategies for Company to Deal with the Impact of COVID-19
3.5.4 Booz Allen Hamilton Sales, Value, Price, Gross Margin 2016-2021
3.6 MU -Sigma Market Performance Analysis
3.6.1 MU -Sigma Basic Information
3.6.2 Product and Service Analysis
3.6.3 Strategies for Company to Deal with the Impact of COVID-19
3.6.4 MU -Sigma Sales, Value, Price, Gross Margin 2016-2021
3.7 General Electric Market Performance Analysis
3.7.1 General Electric Basic Information
3.7.2 Product and Service Analysis
3.7.3 Strategies for Company to Deal with the Impact of COVID-19
3.7.4 General Electric Sales, Value, Price, Gross Margin 2016-2021
3.8 Ramco International Market Performance Analysis
3.8.1 Ramco International Basic Information
3.8.2 Product and Service Analysis
3.8.3 Strategies for Company to Deal with the Impact of COVID-19
3.8.4 Ramco International Sales, Value, Price, Gross Margin 2016-2021
3.9 Oracle Corporation Market Performance Analysis
3.9.1 Oracle Corporation Basic Information
3.9.2 Product and Service Analysis
3.9.3 Strategies for Company to Deal with the Impact of COVID-19
3.9.4 Oracle Corporation Sales, Value, Price, Gross Margin 2016-2021
3.10 Airport Analytics (AA+) Market Performance Analysis
3.10.1 Airport Analytics (AA+) Basic Information
3.10.2 Product and Service Analysis
3.10.3 Strategies for Company to Deal with the Impact of COVID-19
3.10.4 Airport Analytics (AA+) Sales, Value, Price, Gross Margin 2016-2021
3.11 Mercator Market Performance Analysis
3.11.1 Mercator Basic Information
3.11.2 Product and Service Analysis
3.11.3 Strategies for Company to Deal with the Impact of COVID-19
3.11.4 Mercator Sales, Value, Price, Gross Margin 2016-2021
4 Market Segment by Type, Historical Data and Market Forecasts
4.1 Global Aviation Analytics Production and Value by Type
4.1.1 Global Aviation Analytics Production by Type 2016-2021
4.1.2 Global Aviation Analytics Market Value by Type 2016-2021
4.2 Global Aviation Analytics Market Production, Value and Growth Rate by Type 2016-2021
4.2.1 Sales & Marketing Market Production, Value and Growth Rate
4.2.2 Finance Market Production, Value and Growth Rate
4.2.3 Maintenance Market Production, Value and Growth Rate
4.2.4 Repair & Operations Market Production, Value and Growth Rate
4.2.5 Supply Chain Market Production, Value and Growth Rate
4.3 Global Aviation Analytics Production and Value Forecast by Type
4.3.1 Global Aviation Analytics Production Forecast by Type 2021-2026
4.3.2 Global Aviation Analytics Market Value Forecast by Type 2021-2026
4.4 Global Aviation Analytics Market Production, Value and Growth Rate by Type Forecast 2021-2026
4.4.1 Sales & Marketing Market Production, Value and Growth Rate Forecast
4.4.2 Finance Market Production, Value and Growth Rate Forecast
4.4.3 Maintenance Market Production, Value and Growth Rate Forecast
4.4.4 Repair & Operations Market Production, Value and Growth Rate Forecast
4.4.5 Supply Chain Market Production, Value and Growth Rate Forecast
5 Market Segment by Application, Historical Data and Market Forecasts
5.1 Global Aviation Analytics Consumption and Value by Application
5.1.1 Global Aviation Analytics Consumption by Application 2016-2021
5.1.2 Global Aviation Analytics Market Value by Application 2016-2021
5.2 Global Aviation Analytics Market Consumption, Value and Growth Rate by Application 2016-2021
5.2.1 Flight Risk Management Market Consumption, Value and Growth Rate
5.2.2 Inventory Management Market Consumption, Value and Growth Rate
5.2.3 Fuel Management Market Consumption, Value and Growth Rate
5.2.4 Revenue Management Market Consumption, Value and Growth Rate
5.2.5 Customer Analytics Market Consumption, Value and Growth Rate
5.2.6 Navigation Services Market Consumption, Value and Growth Rate
5.3 Global Aviation Analytics Consumption and Value Forecast by Application
5.3.1 Global Aviation Analytics Consumption Forecast by Application 2021-2026
5.3.2 Global Aviation Analytics Market Value Forecast by Application 2021-2026
5.4 Global Aviation Analytics Market Consumption, Value and Growth Rate by Application Forecast 2021-2026
5.4.1 Flight Risk Management Market Consumption, Value and Growth Rate Forecast
5.4.2 Inventory Management Market Consumption, Value and Growth Rate Forecast
5.4.3 Fuel Management Market Consumption, Value and Growth Rate Forecast
5.4.4 Revenue Management Market Consumption, Value and Growth Rate Forecast
5.4.5 Customer Analytics Market Consumption, Value and Growth Rate Forecast
5.4.6 Navigation Services Market Consumption, Value and Growth Rate Forecast
6 Global Aviation Analytics by Region, Historical Data and Market Forecasts
6.1 Global Aviation Analytics Sales by Region 2016-2021
6.2 Global Aviation Analytics Market Value by Region 2016-2021
6.3 Global Aviation Analytics Market Sales, Value and Growth Rate by Region 2016-2021
6.3.1 North America
6.3.2 Europe
6.3.3 Asia Pacific
6.3.4 South America
6.3.5 Middle East and Africa
6.4 Global Aviation Analytics Sales Forecast by Region 2021-2026
6.5 Global Aviation Analytics Market Value Forecast by Region 2021-2026
6.6 Global Aviation Analytics Market Sales, Value and Growth Rate Forecast by Region 2021-2026
6.6.1 North America
6.6.2 Europe
6.6.3 Asia Pacific
6.6.4 South America
6.6.5 Middle East and Africa
7 United State Market Size Analysis 2016-2026
7.1 United State Aviation Analytics Value and Market Growth 2016-2021
7.2 United State Aviation Analytics Sales and Market Growth 2016-2021
7.3 United State Aviation Analytics Market Value Forecast 2021-2026
8 Canada Market Size Analysis 2016-2026
8.1 Canada Aviation Analytics Value and Market Growth 2016-2021
8.2 Canada Aviation Analytics Sales and Market Growth 2016-2021
8.3 Canada Aviation Analytics Market Value Forecast 2021-2026
9 Germany Market Size Analysis 2016-2026
9.1 Germany Aviation Analytics Value and Market Growth 2016-2021
9.2 Germany Aviation Analytics Sales and Market Growth 2016-2021
9.3 Germany Aviation Analytics Market Value Forecast 2021-2026
10 UK Market Size Analysis 2016-2026
10.1 UK Aviation Analytics Value and Market Growth 2016-2021
10.2 UK Aviation Analytics Sales and Market Growth 2016-2021
10.3 UK Aviation Analytics Market Value Forecast 2021-2026
11 France Market Size Analysis 2016-2026
11.1 France Aviation Analytics Value and Market Growth 2016-2021
11.2 France Aviation Analytics Sales and Market Growth 2016-2021
11.3 France Aviation Analytics Market Value Forecast 2021-2026
12 Italy Market Size Analysis 2016-2026
12.1 Italy Aviation Analytics Value and Market Growth 2016-2021
12.2 Italy Aviation Analytics Sales and Market Growth 2016-2021
12.3 Italy Aviation Analytics Market Value Forecast 2021-2026
13 Spain Market Size Analysis 2016-2026
13.1 Spain Aviation Analytics Value and Market Growth 2016-2021
13.2 Spain Aviation Analytics Sales and Market Growth 2016-2021
13.3 Spain Aviation Analytics Market Value Forecast 2021-2026
14 Russia Market Size Analysis 2016-2026
14.1 Russia Aviation Analytics Value and Market Growth 2016-2021
14.2 Russia Aviation Analytics Sales and Market Growth 2016-2021
14.3 Russia Aviation Analytics Market Value Forecast 2021-2026
15 China Market Size Analysis 2016-2026
15.1 China Aviation Analytics Value and Market Growth 2016-2021
15.2 China Aviation Analytics Sales and Market Growth 2016-2021
15.3 China Aviation Analytics Market Value Forecast 2021-2026
16 Japan Market Size Analysis 2016-2026
16.1 Japan Aviation Analytics Value and Market Growth 2016-2021
16.2 Japan Aviation Analytics Sales and Market Growth 2016-2021
16.3 Japan Aviation Analytics Market Value Forecast 2021-2026
17 South Korea Market Size Analysis 2016-2026
17.1 South Korea Aviation Analytics Value and Market Growth 2016-2021
17.2 South Korea Aviation Analytics Sales and Market Growth 2016-2021
17.3 South Korea Aviation Analytics Market Value Forecast 2021-2026
18 Australia Market Size Analysis 2016-2026
18.1 Australia Aviation Analytics Value and Market Growth 2016-2021
18.2 Australia Aviation Analytics Sales and Market Growth 2016-2021
18.3 Australia Aviation Analytics Market Value Forecast 2021-2026
19 Thailand Market Size Analysis 2016-2026
19.1 Thailand Aviation Analytics Value and Market Growth 2016-2021
19.2 Thailand Aviation Analytics Sales and Market Growth 2016-2021
19.3 Thailand Aviation Analytics Market Value Forecast 2021-2026
20 Brazil Market Size Analysis 2016-2026
20.1 Brazil Aviation Analytics Value and Market Growth 2016-2021
20.2 Brazil Aviation Analytics Sales and Market Growth 2016-2021
20.3 Brazil Aviation Analytics Market Value Forecast 2021-2026
21 Argentina Market Size Analysis 2016-2026
21.1 Argentina Aviation Analytics Value and Market Growth 2016-2021
21.2 Argentina Aviation Analytics Sales and Market Growth 2016-2021
21.3 Argentina Aviation Analytics Market Value Forecast 2021-2026
22 Chile Market Size Analysis 2016-2026
22.1 Chile Aviation Analytics Value and Market Growth 2016-2021
22.2 Chile Aviation Analytics Sales and Market Growth 2016-2021
22.3 Chile Aviation Analytics Market Value Forecast 2021-2026
23 South Africa Market Size Analysis 2016-2026
23.1 South Africa Aviation Analytics Value and Market Growth 2016-2021
23.2 South Africa Aviation Analytics Sales and Market Growth 2016-2021
23.3 South Africa Aviation Analytics Market Value Forecast 2021-2026
24 Egypt Market Size Analysis 2016-2026
24.1 Egypt Aviation Analytics Value and Market Growth 2016-2021
24.2 Egypt Aviation Analytics Sales and Market Growth 2016-2021
24.3 Egypt Aviation Analytics Market Value Forecast 2021-2026
25 UAE Market Size Analysis 2016-2026
25.1 UAE Aviation Analytics Value and Market Growth 2016-2021
25.2 UAE Aviation Analytics Sales and Market Growth 2016-2021
25.3 UAE Aviation Analytics Market Value Forecast 2021-2026
26 Saudi Arabia Market Size Analysis 2016-2026
26.1 Saudi Arabia Aviation Analytics Value and Market Growth 2016-2021
26.2 Saudi Arabia Aviation Analytics Sales and Market Growth 2016-2021
26.3 Saudi Arabia Aviation Analytics Market Value Forecast 2021-2026
27 Market Dynamic Analysis and Development Suggestions
27.1 Market Drivers
27.2 Market Development Constraints
27.3 PEST Analysis
27.3.1 Political Factors
27.3.2 Economic Factors
27.3.3 Social Factors
27.3.4 Technological Factors
27.4 Industry Trends Under COVID-19
27.4.1 Risk Assessment on COVID-19
27.4.2 Assessment of the Overall Impact of COVID-19 on the Industry
27.4.3 Pre COVID-19 and Post COVID-19 Market Scenario
27.5 Market Entry Strategy Analysis
27.5.1 Market Definition
27.5.2 Client
27.5.3 Distribution Model
27.5.4 Product Messaging and Positioning
27.5.5 Price
27.6 Advice on Entering the Market
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Case Study- Automotive Sector
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached Straits Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
Solution
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The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2028.
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