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Aviation Analytics Market

Aviation Analytics Market by Deployment (On-premise, Cloud), by End-User (MROs, Airlines, Airports, OEMs), by Component (Service and Software & Solutions), by Business Function (Sales & Marketing, Finance, Maintenance, Repair & Operations, and Supply Chain), and by Application (Flight Risk Management, Inventory Management, Fuel Management, Revenue Management, Customer Analytics, and Navigation Services), by Regions and Global Forecast 2022-2028

Report Id: SNS/A&D/1651 | June 2022 | Region: Global | 125 Pages

Report Scope & Overview:

Aviation Analytics Market Size was valued at USD 2.23 billion in 2021 and US$ 2.50 billion in 2022, expected to reach USD 4.91 billion by 2028, and grow at a CAGR of 11.9% over the forecast period 2022-2028.

Most businesses use aviation analytics because it allows them to better their operational effectiveness, profitability, and maintenance. Aviation analytics assists businesses in developing analytical solutions to meet future demand such as customer expectations, allowing them to maximize their operating revenue. Aviation analytics solutions are utilized in a variety of applications throughout the aviation sector, including fuel management, customer analytics, revenue management, and risk management. Aviation analytics solutions assist organizations in measuring, monitoring, and analyzing their business goals, risk, and future growth. Aeronautics includes the exercises encompassing the airplane business and mechanical flight. Investigation implies methodical computational examination of insights or information. Flying examination is a computational innovation that gives data or measurements of verifiable air terminal functional information, authentic flight information, weather conditions gauges, and continuous flight information to the end-clients. It grants prescient investigation and inquiry handling over huge aeronautics information. Basically, it offers expectations or arrangements in view of organized and unstructured huge flying information.

Aviation Analytics Market Revenue Graph

The worldwide flying examination market is driven by an ascent in center around cutthroat knowledge and ongoing scientific answers for increment the efficiency of a business. Additionally, consistent development in the volume of information produced in the avionics business, flood in aeronautics traveler traffic, and development in clients' centricity fuel the development of the market. In any case, inability to give information models as per the need of organizations and a shortage of scientifically gifted labor force hampers the market development. Running against the norm, ascend in the reception pace of examination and ceaseless mechanical progressions in the avionics business are supposed to give various chances to advertise extension in not-so-distant future.

MARKET DYNAMICS:

KEY DRIVERS:

  • Energy and process optimization

  • Rising air passenger traffic

  • Increasing volume data generated

RESTRAINTS:

  • Cybersecurity

  • Lack of data management analysis

OPPORTUNITIES:

  • Enhance Artificial intelligence

  • New enhance cloud-base technology

CHALLENGES:

  • Lack of analytic skills

  • Requirement of versatile data models

THE IMPACT OF COVID-19

During the covid-19 period, the Aviation Analytics Market Trends influenced the dynamics and lowered sales and manufacturing rates. The Covid-19 has had an impact on the entire industry, lowering market rivalry and the worldwide supply chain.

The corona outbreak has caused a significant decrease in revenue, which has gradually increased in the year 2021. The covid-19 impacted the supply chain and altered the whole financial aspect of the Aviation Analytics Market Trends. This year, businesses began optimizing their operations and strategies in order to compete and survive. With the strategic actions of market main players and government regulatory bodies, the Aviation Analytics Market Outlook business is rising and acquiring new prospects.

The services segment is expected to develop at the fastest CAGR throughout the projection period. This segment's expansion can be attributable to rising demand for supply chain planning and inventory management services from airlines and airports. Lufthansa Technik provides aviation analytics consulting in the form of aircraft maintenance.

Some of the important elements driving the expansion of the airlines industry are the growing inclination for air travel and the installation of new air travel routes. Passengers from emerging economies tend to fly for both business and pleasure. Various programmer focusing on aircraft modernization are also boosting demand for aviation analytics, as customers desire convenience and safety features. As a result, the airlines segment is expected to drive the aviation analytics market.

The market is segmented into fuel the executives, flight risk the board, client investigation, route administrations, and others in view of utilization. Client examination is projected to be the quickest developing section in the market during the estimate time frame. This is because of the air terminals' section. The carrier portion is putting vigorously in knowing client inclinations and conduct and embracing client centricity by utilizing prescient examination to further develop direction. The route administrations fragment is gauge to be the second-most elevated developing portion. The route programming gives cockpit advancement arrangements, post-flight following capacities, ground vehicle following, and checking of flight developments, which assist the air terminal and air with dealing the board for better functional help. The flight risks the board portion is anticipated to feature a moderate development rate during the conjecture time frame. The expansion sought after to improve wellbeing and diminish functional issues helps the interest for flight risk the board programming. The fuel the board type fragment held a critical worth offer in 2022. The most noteworthy direct working expense of an airplane is fuel. Fuel the executives programming assists airlines with effectively following fuel utilization and control working expenses. Before very long, the interest for this portion is probably going to increment.

MARKET KEY PLAYER

Accelya, General Electric, International Business Machine Corporation (IBM), MU Sigma, Oracle Corporation, Ramco Systems, SAP SE, OAG Aviation Worldwide Limited, SAS Institute Inc, IGT Solutions Pvt. Ltd, and other players.

KEY MARKET SEGMENTATION:

by Deployment

  • On-premise

  • Cloud

by End-User

  • MROs

  • Airlines

  • Airports

  • OEMs

by Component

  • Service  

  • Software

  • Solutions

by Business Function

  • Sales & Marketing

  • Finance, Maintenance

  • Repair & Operations

  • Supply Chain

by Application

  • Flight Risk Management

  • Inventory Management

  • Fuel Management

  • Revenue Management

  • Customer Analytics

  • Navigation Services

Aviation Analytics Market Segment Chart

REGIONAL ANALYSIS:

The Aviation Analytics Market is expected to expand the most in the following year. North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa are the regions that make up the market. Over the last few years, the Asia Pacific area has seen consistent expansion in the business. The region is assisting the market's expansion by increasing rising consumer expectations, functional efficiency, and the mounting cost-cutting push. Europe and North America are also likely to grow significantly in the Aviation Analytics Market in the future years.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Aviation Analytics Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 2.23 Billion
Market Size by 2028 US$ 4.91 Billion
CAGR CAGR of 11.9% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Deployment (On-premise, Cloud)
• By End-User (MROs, Airlines, Airports, OEMs)
• By Component (Service and Software & Solutions)
• By Business Function (Sales & Marketing, Finance, Maintenance, Repair & Operations, and Supply Chain)
• By Application (Flight Risk Management, Inventory Management, Fuel Management, Revenue Management, Customer Analytics, and Navigation Services)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Accelya, General Electric, International Business Machine Corporation (IBM), MU Sigma, Oracle Corporation, Ramco Systems, SAP SE, OAG Aviation Worldwide Limited, SAS Institute Inc, IGT Solutions Pvt. Ltd, and other players.
DRIVERS • Energy and process optimization
• Rising air passenger traffic
• Increasing volume data generated
RESTRAINTS • Cybersecurity
• Lack of data management analysis


Frequently Asked Questions (FAQ) :


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8. Aviation Analytics Market, by Deployment

8.1 On-premise

8.2 Cloud

 

9. Aviation Analytics Market, by End-User

9.1 MROs

9.2 Airlines

9.3 Airports

9.4 OEMs

 

10. Aviation Analytics Market, by Component

10.1 Service  

10.2 Software

10.3 Solutions

 

11. Aviation Analytics Market, by Business Function

11.1 Sales & Marketing

11.2 Finance, Maintenance

11.3 Repair & Operations

11.4 Supply Chain

 

12. Aviation Analytics Market, by Application

12.1 Flight Risk Management

12.2 Inventory Management

12.3 Fuel Management

12.4 Revenue Management

12.5 Customer Analytics

12.6 Navigation Services

 

13. Regional Analysis

13.1 Introduction

13.2 North America

13.2.1 USA

13.2.2 Canada

13.2.3 Mexico

13.3 Europe

13.3.1 Germany

13.3.2 UK

13.3.3 France

13.3.4 Italy

13.3.5 Spain

13.3.6 The Netherlands

13.3.7 Rest of Europe

13.4 Asia-Pacific

13.4.1 Japan

13.4.2 South Korea

13.4.3 China

13.4.4 India

13.4.5 Australia

13.4.6 Rest of Asia-Pacific

13.5 The Middle East & Africa

13.5.1 Israel

13.5.2 UAE

13.5.3 South Africa

13.5.4 Rest

13.6 Latin America

13.6.1 Brazil

13.6.2 Argentina

13.6.3 Rest of Latin America

 

14. Company Profiles

14.1 Oracle Corporation

14.1.1 Financial

14.1.2 Products/ Services Offered

14.1.3 SWOT Analysis

14.1.4 The SNS view

14.2 SAP SE

14.3 SAS Institute Inc.

14.4 Accelya

14.5 General Electric

14.6 International Business Machine Corporation

14.7 OAG Aviation Worldwide Limited

14.8 IGT Solutions Pvt. Ltd.

14.9 MU Sigma

14.10 Ramco Systems

 

15. Competitive Landscape

15.1 Competitive Benchmarking

15.2 Market Share analysis

15.3 Recent Developments

 

16. Conclusion

 

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

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