DUBLIN, Oct. 24, 2022 /PRNewswire/ — The “Global Aviation Analytics Market by Component (Services, Solutions) Deployment (On-premise, Cloud), Application, End-user (MROs, Airlines, Airports, OEMs), Business Function, and Region (North America, Europe, APAC, RoW) – Forecast to 2027″ report has been added to ResearchAndMarkets.com’s providing.
The aviation analytics market is projected to develop from USD 2.5 billion in 2022 to USD 4.7 billion by 2027, at a CAGR of 13.0% from 2022 to 2027. Aviation analytics is an evolving know-how, which is more and more getting used to reach at actionable insights for numerous business capabilities. The aviation analytics market is very aggressive, with many current analytical resolution suppliers and rising area of interest gamers who’ve a major regional attain.
The mobility & performance phase of the aviation analytics market is predicted to develop at the highest CAGR throughout forecast interval.
The rising must modernize plane fleet and airport operations in order to enhance flight security is a significant factor driving the demand for aviation analytics in flight danger administration.
Based on finish person, the airport phase is projected to steer the aviation analytics market throughout the forecast interval
Growing preferences for air journey and demand for passenger comfort and security are driving the demand for aviation analytics options in airports. Sales and advertising, stock administration, buyer expertise, and wealth administration are some of the main capabilities of aviation analytics options deployed in airports. Airports are segmented into three classes, small, medium, and huge airports.
The North American area is estimated to account for the largest share of the aviation analytics market in 2022
The adoption of aviation analytics options is greater in North America as in comparison with different areas. This is especially as a result of of the presence of numerous developed economies akin to Canada and the US. The area additionally has been benefiting from low oil costs, improved effectivity in plane operations, and a gentle labor market over the years.
Reasons to Buy this Report
This report is predicted to assist market leaders/new entrants by offering them the closest approximations of the income numbers for the general aviation analytics market and its segments. This research can be anticipated to offer region-wise details about the functions whereby aviation analytics options are used.
It additionally goals at serving to the stakeholders perceive the aggressive panorama of the market, acquire insights to enhance the place of their companies, and plan appropriate go-to-market methods. This report can be anticipated to assist them perceive the pulse of the market and supply them with info on key drivers, restraints, challenges, and alternatives influencing the development of the aviation analytics market
Market Dynamics
Drivers
- Advancement in Cloud-Based IT Solutions for Data Collection
- Demand for Optimized Business Operations Through Application of Structured Analytical Solutions
- Growing Emphasis on Identifying New Market Opportunities by Analyzing Customer Behavior and Preferences
- Reduced Maintenance Costs and Downtime by Employing Predictive Analytics
Restraints
- Lack of Appropriate Analytical Skills
Opportunities
- Cloud-Based Real-Time Data Collection and Analytics
- Incorporation of AI-Based Analytics Solutions for Critical Functions in the Aviation Industry
Challenges
- Requirement for Diverse Data Models
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Aviation Analytics Market, by Component
8 Aviation Analytics Market, by Deployment
9 Aviation Analytics Market, by Business Function
10 Aviation Analytics Market, by Application
11 Aviation Analytics Market, by End-user
12 Regional Analysis
13 Competitive Landscape
14 Company Profiles
15 Appendix
Companies Mentioned
- Aeroficial Intelligence
- Atheer Air
- Aviation Intelligence
- Beep Analytics
- Booz Allen Hamilton
- Capgemini
- General Electric
- Graymatter Software Services
- Hexaware Technologies
- Honeywell International
- IBM Corporation
- Ibs Software Services
- Ifs Ab
- Innodatatics Inc.
- Lufthansa Technik
- Mercator
- Mu Sigma
- Oracle Corporation
- Ramco Systems
- Sap Se
- Sas Institute
- Sita
- Swiss Aviation Software
- Winair
- Zestiot
For extra details about this report go to https://www.researchandmarkets.com/r/45y4kq
Media Contact:
Laura Wood | +353-1-481-1716 | [email protected]
Logo – https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg
SOURCE Research and Markets
