Global Big Data Analytics in Aerospace & Defense Market Overview
Big data Analytics in Aerospace & Defense Market Size was valued at USD 18.9 Billion in 2022. The big data analytics in aerospace & defense market industry is projected to grow from USD 19.76 Billion in 2023 to USD 28.33 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.60% during the forecast period (2023 - 2032). Big data analytics in the aerospace & defense market aids the aviation and security sectors in enhancing resources and operational metrics while fostering new business opportunities. Aviation OEMs are looking for improved ways to serve the commercial center due to the significant change in the aeronautic business industry. As a result, this market driver is anticipated to advance the market.
Source Secondary Research, Primary Research, MRFR Database and Analyst Review
Big Data Analytics in Aerospace & Defense Market Trends
Increased emphasis on predictive maintenance is driving the market growth
The aerospace and defense industry's emphasis on predictive maintenance is key in embracing big data analytics. In order to facilitate proactive maintenance planning and minimize unscheduled downtime, predictive maintenance seeks to anticipate probable equipment failures or repair needs. Unexpected downtime, higher repair costs, and a disruption in operations can make unplanned maintenance events expensive for aerospace and defense organizations. Organizations may detect and address maintenance issues before they become more serious by implementing predictive maintenance using Big Data Analytics, which lowers total maintenance costs and boosts operational effectiveness. Furthermore, aerospace and defense organizations rely on various expensive and crucial resources, including satellites, helicopters, radar systems, and aircraft. By keeping an eye on the health and performance characteristics of these assets, predictive maintenance helps to maximize their use and lifespan. Additionally, predictive maintenance uses real-time sensors, systems, and equipment information to continuously check their condition. Big Data Analytics can detect deviations from expected behavior and forecast when maintenance is required by analyzing data such as temperature, vibration, pressure, and other operational characteristics.
The aviation sector has traditionally placed a high value on data, which is frequently used to assess the state of products, plan flights, and make important choices. One key method is using new, cutting-edge data technology to enhance operations at all stages of the product's existence, from early conception to design, production, aftermarket support, and even in-flight activities. Every stage of the process is recorded, and this information is used to inform future designs by pointing out potential improvements in cost, performance, and efficiency. Furthermore, more efficient data administration, evaluation, and storage let organizations make data-driven decisions that lower costs while boosting income. Real data are used to develop forecasts, optimize operations, learn from historical trends, analyze the effects of possible decisions, and make more strategic judgments that will ultimately boost the market. Thus, driving the big data analytics in aerospace & defense market revenue.
Big Data Analytics in Aerospace & Defense Market Segment Insights
Big Data Analytics in Aerospace & Defense Solution Insights
The big data analytics in aerospace & defense market segmentation, based on solution includes Predictive Maintenance, Vehicle & Performance Tracking, Weather Forecasting, Route Planning, Aftermarket and Others. The predictive maintenance segment dominated the market. Real-time data from sensors and systems aboard aircraft, spacecraft, and defense equipment are analyzed via big data analytics to enable predictive maintenance. To plan proactive maintenance, minimize downtime, and save maintenance costs, it assists in identifying probable failures or maintenance needs before they arise.
Big Data Analytics in Aerospace & Defense Deployment Mode Insights
The big data analytics in aerospace & defense market segmentation, based on deployment mode, includes On-Premise and On-Demand. The on-premise category generated the most income. On-premise deployments place the big data analytics infrastructure and applications on equipment and servers specifically assigned to the organization. The infrastructure, which includes data storage, processing, and security, remains entirely under the organization's control. Although on-premises deployment offers more possibilities for customization and control, it also comes with significant up-front costs for infrastructure, upkeep, and qualified staff to administer the system.
Figure 1: Big Data Analytics in Aerospace & Defense Market, by Deployment Mode, 2022 & 2032 (USD Billion)
Source Secondary Research, Primary Research, MRFR Database and Analyst Review
Big Data Analytics in Aerospace & Defense Application Insights
The big data analytics in aerospace & defense market segmentation, based on application includes Defense, Commercial Aerospace and Space. The defense segment dominated the market. Massive amounts of data are produced by defense organizations from many different sources, such as surveillance systems, intelligence collection, command and control systems, communication networks, and cyber activities. Big data analytics are used to analyze this data and extract insightful information to improve decision-making and defense capabilities.
Big Data Analytics in Aerospace & Defense Technology Insights
The big data analytics in aerospace & defense market segmentation, based on technology includes Apps & Analytics, Cloud, Computer, Infrastructure Software, Networking, NoSQL, Professional Services, SQL and Storage. The infrastructure software segment dominated the market. The term "infrastructure software" in the big data analytics in the aerospace & defense market refers to software products and technologies that offer the necessary infrastructure and capabilities for storing, managing, processing, and analyzing enormous volumes of data. These software solutions are crucial for the aerospace and defense sector to successfully adopt and run big data analytics systems.
Big Data Analytics in Aerospace & Defense Regional Insights
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American big data analytics in aerospace & defense market area will dominate this market. The expansion can be ascribed to the rise of new businesses offering solutions for large-scale information investigation for aviation and security projects. Due to the military of various countries' growing interest in information-based procedures, there is also a substantial information investigation in aviation and protection big data analytics in aerospace & defense industry.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: BIG DATA ANALYTICS IN AEROSPACE & DEFENSE MARKET SHARE BY REGION 2022 (USD Billion)
Source Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe big data analytics in aerospace & defense market accounts for the second-largest market share. Several well-known aerospace and defense companies are headquartered in Europe, and these companies have been spending money on cutting-edge technology to increase operational effectiveness and acquire a competitive edge. The market is expanding as a result of rising data-driven decision-making adoption, an increase in the volume of data produced by aerospace and defense systems, and an emphasis on enhancing operational effectiveness. Further, the German big data analytics in aerospace & defense market held the largest market share, and the UK big data analytics in aerospace & defense market was the fastest growing market in the European region
The Asia-Pacific Big data analytics in aerospace & defense Market is expected to grow at the fastest CAGR from 2023 to 2032. The demand for Big Data Analytics solutions is fueled by the region's strong economic expansion, rising defense spending, and improvements in technology usage. Additionally, commercial aviation, space exploration, and unmanned aerial vehicles (UAVs) have all experienced substantial expansion in the Asia Pacific region. Big Data analytics is utilized to improve customer satisfaction, increase safety, and optimize aircraft operations and maintenance efficiency. Moreover, China’s big data analytics in aerospace & defense market held the largest market share, and the Indian big data analytics in aerospace & defense market was the fastest growing market in the Asia-Pacific region.
Big Data Analytics in Aerospace & Defense Key Market Players & Competitive Insights
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the big data analytics in aerospace & defense market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, big data analytics in aerospace & defense industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the big data analytics in aerospace & defense industry to benefit clients and increase the market sector. In recent years, the big data analytics in aerospace & defense industry has offered some of the most significant advantages to market. Major players in the big data analytics in aerospace & defense market attempting to increase market demand by investing in research and development operations include Cyient (India), Accenture (Ireland), Airbus Defense and Space (Munich), IBM (U.S.), Teradata Corporation (U.S.), Amazon (U.S.), Microsoft Corporation (U.S.), Google (U.S.), Cisco Systems (U.S.), SAS Institute (U.S.), and SAP SE (Germany).
Business intelligence is created using analytics applications from Teradata Corp (Teradata). The company's product line includes software, cloud, hardware, and ecosystem management to supply analytics for the business analytical ecosystem. It provides solutions for asset optimization, customer experience, production innovation, finance transformation, risk mitigation, big data, fraud protection, artificial intelligence, financial visibility, and dynamic identity management. The company provides its solutions to a variety of industries, including financial services, communications, government, insurance, manufacturing, retail, healthcare, energy, utilities, and natural resources, as well as travel, automotive, and transportation.
Data management and business intelligence software services are offered by SAS Institute Inc (SAS). The company's portfolio comprises advanced analytics solutions, AI, ML, data management, cloud, marketing analytics, decisioning, fraud and security intelligence, IoT, operationalizing analytics, and risk management. Agriculture, banking, education, the public sector, healthcare, manufacturing, insurance, the life sciences, retail and consumer goods, small and midsize businesses, communications, media and technology, sports, and utilities are just a few of the sectors SAS support.
Key Companies in the big data analytics in aerospace & defense market include
- Cyient (India)
- Accenture (Ireland)
- Airbus Defense and Space (Munich)
- IBM (U.S.)
- Teradata Corporation (U.S.)
- Amazon (U.S.)
- Microsoft Corporation (U.S.)
- Google (U.S.)
- Cisco Systems (U.S.)
- SAS Institute (U.S.)
- SAP SE (Germany)
Big Data Analytics in Aerospace & Defense Industry Developments
For Instance, April 2021 A no-code startup enables cloud-based analysis, According to Up-solver Big Data Analytics in the Aerospace & Defence Market Saw a 25 million USD Increase in Revenue from Scale Venture Partner. The company said the resources would be used to hire engineers and scale its marketing initiatives. Tredence Inc., a leading provider of AI investigation services, sent out ML Works, an advanced A.I. platform for engineers, information researchers, and investigators.
For Instance, April 2021 Hawk-Eye 360, a provider of radio recurrence information and investigation, announced that Night-Dragon, along with current financial backers Shield Capital, Advance, Razors Edge Ventures, Adage Capital, Dorilton Ventures, and Esri International, would be funding the company for USD 55 million.
For Instance, April 2021 Nymbus, a financial aid platform with U.S. roots, announced a partnership with information and analytics company Segment to enhance communication across its financial administrations and products.
Big Data Analytics in Aerospace & Defense Market Segmentation
Big Data Analytics in Aerospace & Defense Solution Outlook (USD Billion, 2018-2032)
- Predictive Maintenance
- Vehicle & Performance Tracking
- Weather Forecasting
- Route Planning
Big Data Analytics in Aerospace & Defense Deployment Mode Outlook (USD Billion, 2018-2032)
Big Data Analytics in Aerospace & Defense Application Outlook (USD Billion, 2018-2032)
- Commercial Aerospace
Big Data Analytics in Aerospace & Defense Technology Outlook (USD Billion, 2018-2032)
- Apps & Analytics
- Infrastructure Software
- Professional Services
Big Data Analytics in Aerospace & Defense Regional Outlook (USD Billion, 2018-2032)
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East
- Latin America
Big Data Analytics in Aerospace & Defense Report Scope
Market Size 2022
USD 18.9 Billion
Market Size 2023
USD 19.76 Billion
Market Size 2032
USD 28.33 Billion
Compound Annual Growth Rate (CAGR)
Market Forecast Period
Market Forecast Units
Value (USD Billion)
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Solution, Deployment Mode, Application, Technology, and Region
North America, Europe, Asia Pacific, and the Rest of the World
The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled
Cyient (India), Accenture (Ireland), Airbus Defense and Space (Munich), IBM (U.S.), Teradata Corporation (U.S.), Amazon (U.S.), Microsoft Corporation (U.S.), Google (U.S.), Cisco Systems (U.S.), SAS Institute (U.S.), and SAP SE (Germany)
Key Market Opportunities
Rising technological advancement
Key Market Dynamics
Increased emphasis of predictive maintenance
Frequently Asked Questions (FAQ) :
The big data analytics in aerospace & defense market size was valued at USD 18.9 Billion in 2022.
The market is projected to grow at a CAGR of 4.60% during the forecast period, 2023-2032.
North America had the largest share in the market
The key players in the market are Cyient (India), Accenture (Ireland), Airbus Defense and Space (Munich), IBM (U.S.), Teradata Corporation (U.S.), Amazon (U.S.), Microsoft Corporation (U.S.), Google (U.S.), Cisco Systems (U.S.), SAS Institute (U.S.), and SAP SE (Germany).
The predictive maintenance category dominated the market in 2022.
The defense category had the largest share in the market.
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