Aviation Analytics Market Growth Outlook Through 2024-2033

Overview and Scope
Aviation analytics refers to a computational technology that provides end-users with information or statistics derived from past airport operating data, historical flight data, weather predictions, and real-time flight data. It allows for predictive analysis and query processing of large amounts of structured and unstructured aviation data. Aviation analytics is staffed by specialists in the aviation sector with various expertises, including business process engineering, sales and marketing, and accounting.

Sizing and Forecast
The aviation analytics market size has grown rapidly in recent years. It will grow from $3.01 billion in 2023 to $3.44 billion in 2024 at a compound annual growth rate (CAGR) of 14.5%. The growth in the historic period can be attributed to increased data generation in aviation, emphasis on safety and operational efficiency, rising complexity of airline operations, competition and cost management, increased demand for enhanced customer experience..

The aviation analytics market size is expected to see rapid growth in the next few years. It will grow to $5.84 billion in 2028 at a compound annual growth rate (CAGR) of 14.1%. The growth in the forecast period can be attributed to advanced predictive maintenance, greater emphasis on safety analytics, increasing demand for real-time analytics, regulatory compliance and reporting, market demand for advanced analytics platforms.. Major trends in the forecast period include sustainability analytics in aviation, regulatory compliance analytics, data collaboration and sharing initiatives, greater integration of internet of things (iot), optimization of air traffic management..

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Segmentation & Regional Insights
The aviation analytics market covered in this report is segmented –

1) By Component: Services, Solutions
2) By Deployment: On-Premise, Cloud
3) By Business Function: Finance, Operations, Maintenance And Repair, Sales And Marketing, Supply Chain, Other Business Funcations
4) By Application: Flight Risk Management, Fuel Management, Rout Management, Fleet Management, Inventory Management, Wealth Management, Inspection, Performance Monitoring, Predictive Analysis, Part Replacement, Supply Chain Planning, Energy Management
5) By End User: OEMs, Airlines, Airports, MROs

North America was the largest region in the aviation analytics market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the aviation analytics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth
The rise in aviation passenger traffic is contributing to the growth of the aviation analytics market. Aviation analytics provides software and services that will help airports bring together their data so that the data is viewed by airport management in a complete and coordinated way. Aviation analytics will provide effective solutions to streamline the whole process of simplifying passenger traffic and making the operations hassle-free. According to the International Air Transport Association (IATA) passenger data for March 2022, total traffic in March 2022 (measured in revenue passenger kilometres or RPKs) was up 76% compared to March 2021. Thus, an increase in aviation will drive the aviation analytics market growth.

Key Industry Players
Major companies operating in the aviation analytics market report are IBM Corporation, Ramco Systems, SAP S. E., Swiss Aviation Software, Lufthansa Technik, Honeywell International Inc., Aviation Analytics, Airbus SAS, Boeing Company, Collins Aerospace, Oracle Corporation, General Electric Company, SAS Institute Inc., OAG Aviation Worldwide Limited, Accelya Solutions India Limited, Cirium (LexisNexis Risk Solutions), Hitachi Vantara Corporation, IFS AB, Mu-Sigma, Mercator Aviation Ltd., Wipro Limited, Teradata Corporation, TIBCO Software Inc., Tableau Software, QlikTech International AB, MicroStrategy Incorporated, Information Builders Inc., GoodData Corporation, Alteryx Inc., RapidMiner Inc., Datameer Inc.

The aviation analytics market report table of contents includes:

1. Executive Summary
2. Aviation Analytics Market Characteristics
3.Aviation Analytics Market Trends And Strategies
4.Aviation Analytics market analysis
5.Aviation Analytics Market Size And Growth
6.Aviation Analytics Segmentation
7. Aviation Analytics Regional And Country Analysis
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27.Aviation Analytics Competitive Landscape And Company Profiles
28.Aviation Analytics Key Mergers And Acquisitions
29.Aviation Analytics  Future Outlook and Potential Analysis

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