Aviation Analytics Market Summary
As per MRFR Analysis, the Global Aviation Analytics Market was valued at USD 2.96 Billion in 2023 and is projected to grow to USD 11.26 Billion by 2032, with a CAGR of 15.73% from 2024 to 2032. The market is driven by the increasing competition in the aviation industry, rising middle-class disposable income, and the growing demand for cost-saving and customer-experience solutions. The adoption of advanced technologies such as machine learning and big data analytics is also contributing to market growth, as airlines seek to enhance operational efficiency and reduce costs.
Key Market Trends & Highlights
Key trends driving the Aviation Analytics market include technological advancements and increasing air travel demand.
- Market Size in 2023: USD 2.96 Billion
- Projected Market Size by 2032: USD 11.26 Billion
- CAGR from 2024 to 2032: 15.73%
- Largest Revenue Segment in 2022: Fuel Management
Market Size & Forecast
2023 Market Size: USD 2.96 Billion
2024 Market Size: USD 3.49872 Billion
2032 Market Size: USD 11.26 Billion
CAGR (2024-2032): 15.73%
Largest Regional Market Share in 2022: North America
Major Players
Key players include Boeing, General Electric, IBM Corporation, Oracle, SAS Institute Inc., SAP, and Honeywell International Inc.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Aviation Analytics Market Trends
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Rising middle-class disposable income is driving the market growth
Market CAGR for aviation analytics is being driven by the rising middle-class disposable income. The technology utilized by airports to acquire comprehensive and coordinated data, statistics, aircraft route data, and weather forecasts is known as aviation analytics. The end user can also use analytics tools to make smarter judgments.
Additionally, the airline industry is expected to drive market growth because it is increasingly seeking for cost-saving, process-automation, and customer-experience-improving solutions. Strategic planning and clear understanding are also provided by the growing demand for a structural analytical solution to achieve high sales and earnings, which supports market growth. The key driver of market expansion over the anticipated period will be the increasing demand for airport analytics from a variety of end users, including manufacturers of original equipment and others. Because it has decreased production and management expenses as well as costs associated with areas like fuel requirements and baggage charges, the market has seen significant profit increases as a result of the use of aviation analytics.
The increasing number of people who fly throughout the world is a significant driver fueling the market's expansion during the anticipated time frame. Recently, the demand for aviation analytics solutions has increased due to the increasing popularity of air travel. Over the anticipated period, this aspect is propelling market expansion. The production of significant amounts of data for aviation analytics has sparked a rise in the use of big data analysis for the administration of significant amounts of crucial data. The management and processing of the created data involves the use of cutting-edge technology like machine learning, artificial intelligence, and big data analytics. Because they are being used by more and more end users, these technologies are becoming more prevalent on a scale.
For instance, according to IATA's data, airline-controlled procedures like maintenance are the primary reason for flights being delayed (42%) by a significant margin. Aviation analytics are predicted to become more popular as a result of ongoing technical developments made by industry participants to enhance effectiveness and customer experience. Thus, result in driving the Aviation Analytics market revenue.
Aviation Analytics Market Segment Insights
Aviation Analytics Component Insights
The Aviation Analytics market segmentation, based on Component includes Services, and Solutions. The solutions segment dominated the market in the year 2022. This is because of great need for specialized aviation analytics solutions to address uncertainties in the aviation industry.
Aviation Analytics Development Insights
The Aviation Analytics market segmentation, based on Development, includes On-premise, and Cloud. The on-premise category generated the most income in 2022. Additionally, data security is a key consideration for on-premise deployment, and many airlines would prefer in-house software services and infrastructure that ensure data protection, which are provided by the on-premise solution, which propels the market's expansion.
Figure 1: Aviation Analytics Market, by Development, 2022&2032 (USD Billion)
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Aviation Analytics Business Function Insights
The Aviation Analytics market segmentation, based on Business Function, includes Finance, Operation, Maintenance & Repair, Sales & Marketing, Supply Chain, and others. The operation category generated the most income. Airport operations analytics includes topics like passenger flow, air traffic movement, performance on-time, terminal activities, resource use, aviation safety, and others.
Aviation Analytics Application Insights
The Aviation Analytics market segmentation, based on Application, includes 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, Emergency Management, Mobility & Functionality, and others. The fuel management category generated the most income in 2022. The most expensive direct operational cost for an aircraft is fuel. Fuel management software enables airlines to effectively monitor fuel use and keep operational costs under control. The requirement for this market segment is anticipated to rise in the upcoming years.
Aviation Analytics End-User Insights
The Aviation Analytics market segmentation, based on End-User, includes OEMS, Aircraft OEMs, Engine OEMs, Airlines, Small Airlines, Medium Airlines, Large Airlines, Airports, Small Airports, Medium Airports, Large Airports, MROS, Small MROS, Medium MROS, and Large MROS. The airports category generated the most income in 2022. This is due to the expansion of airports throughout a variety of geographies in response to the escalating demand for air travel.
Aviation Analytics Regional Insights
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American Aviation Analytics market area will dominate this market, due to the region's increasing adoption of the modernization of the aircraft fleet and absorption of cutting-edge technology like big data analytics, artificial intelligence, and others.
Further, the major countries studied in the market report are The US, Canada, French, German, British, Italian, Spanish, Portuguese, and Australian, South Korean, and Brazilian countries.
Figure 2: AVIATION ANALYTICS MARKET SHARE BY REGION 2022 (USD Billion)
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
The Europe Aviation Analytics market accounts for the second-largest market share, as airlines work to reduce expenses, enhance customer service, and abide by strict rules. In this area, using analytics to improve operational effectiveness and safety measures is highly valued. Further, the German Aviation Analytics market held the largest market share, and the UK Aviation Analytics market was the European region's fastest-growing market.
The Asia-Pacific Aviation Analytics Market has the fastest projected CAGR from 2023 to 2032. The region's expanding economies, especially China and India, are experiencing tremendous expansion of their individual civil aviation industries as a result of a spike in air travel demand. Moreover, China’s Aviation Analytics market held the largest market share, and the Indian Aviation Analytics market was the Asia-Pacific region's fastest-growing market.
Aviation Analytics Key Market Players & Competitive Insights
Leading market players are infusing heavily in research and development in order to expand their product lines, which will help the Aviation Analytics market, grow even more. Additionally, market participants are engaging in a range of strategic initiatives to increase their worldwide reach, with important market developments such as the introduction of new products, contracts, mergers and acquisitions, increased investments, and cooperation with other organizations. to grow and endure in an increasingly competitive and challenging market environment, Aviation Analytics industry must provide reasonably priced goods.
One of the main business strategies employed by manufacturers is to produce locally to reduce operational expenses in the Aviation Analytics industry to benefit clients and increase the market sector. In recent years, the Aviation Analytics industry has offered some of the most significant advantages to Data analytical sectors. Major players in the Aviation Analytics market, including Boeing (US), General Electric (US), IBM Corporation (US), Oracle (US), SAS Institute Inc. (US), SAP (Germany), Booz Allen Hamilton Inc. (US), Airbus SAS (Netherlands), Ramco Systems (India), Honeywell International Inc., Gray Matter Software Services Inc. (US), and others, are investing in research and development operations in an effort to improve market demand.
IFS AB is a enterprise software corporation with its headquarters in Linköping, Sweden. The business creates and distributes enterprise software for clients ly who produce and distribute things, maintain assets, and run service-oriented operations. IFS have over 5,000 people that service thousands of customers ly from a network of regional offices and an expanding network of partners. In 2022, IFS AB has completed an agreement to buy Ultimo Software Solutions, a Dutch provider of cloud Enterprise Asset Management (EAM) software. The comprehensiveness, adaptability, and customizability of Ultimo Software Solutions' SaaS EAM solutions have helped the company build a strong reputation. As the only vendor currently able to offer Cloud native EAM solutions that serve every company with either complex end-to-end company needs or as a single point solution.
Oracle Corporation is a multinational American firm that specializes in computer technology. Its headquarters are in Austin, Texas. The company sells enterprise software, including enterprise resource planning (ERP) software, HCM (human capital management) software, CRM (customer relationship management) software, Supply chain management (SCM) and enterprise performance management (EPM) software. In June 2022, Adi Insights, a well-known provider of workforce management technologies, and Oracle Corporation have entered into a purchase agreement. Through the acquisition, NetSuite's SuitePeople human resource management platform will be able to manage overtime, capture time, predict demand, and arrange shifts.
Key Companies in the Aviation Analytics market include
- Honeywell International Inc. (US)
- Booz Allen Hamilton Inc. (US)
- Gray Matter Software Services Inc. (US)
Aviation Analytics Industry Developments
For Instance, July 2022 Teradata, Microsoft, and General Electric reached an agreement to work together on a customized solution to reduce carbon emissions. The companies are working on a system that will equip pilots with the resources they need to monitor emissions, report them, and act quickly to minimize them.
For Instance, July 2022 SAP SE purchased Askdata, a new company with an eye on search-driven analytics, to increase its ability to assist businesses in making better decisions. Real-time data may be searched, interacted with, and worked on collaboratively by users to maximize business insights.
Aviation Analytics Market Segmentation
Aviation Analytics Component Outlook
Aviation Analytics Development Outlook
Aviation Analytics Business Function Outlook
Aviation Analytics Application Outlook
Aviation Analytics End-User Outlook
Aviation Analytics Regional Outlook
| Report Attribute/Metric |
Details |
| Market Size 2023 |
USD 2.96 Billion |
| Market Size 2024 |
USD 3.49872 Billion |
| Market Size 2032 |
USD 11.26 Billion |
| Compound Annual Growth Rate (CAGR) |
15.73% (2024-2032) |
| Base Year |
2023 |
| Market Forecast Period |
2024-2032 |
| Historical Data |
2018- 2022 |
| Market Forecast Units |
Value (USD Billion) |
| Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered |
Component, Development, Business Function, Application, End-User, and Region |
| Geographies Covered |
North America, Europe, AsiaPacific, and the Rest of the World |
| Countries Covered |
The US, Germany, Canada, France, the United Kingdom, Italy, Spain, Australia, South Korea, and Brazil |
| Key Companies Profiled |
Gray Matter Software Services Inc. (US), Ramco Systems (India), Aviation Analytics (UK), Honeywell International Inc. (US), |
| Key Market Opportunities |
increasing requirement for process optimization and energy |
| Key Market Dynamics |
growing numbers of passengers flying increasing amount of data produced |
Aviation Analytics Market Highlights:
Frequently Asked Questions (FAQ) :
The size of the worldwide Aviation Analytics market was predicted at USD 2.96 Billion in 2023.
The expected growth rate for the market is a CAGR of 15.73% during the predicted timeframe, 2024-2032.
The largest part of the market was held by North America.
The main participants in the sector include IBM Corporation (US), Oracle (US), Boeing (US), SAS Institute Inc. (US), SAP (Germany), Booz Allen Hamilton Inc. (US), and Gray Matter Software Services Inc. (US).
In 2023, the Solutions category ruled the market.
The Airports had the largest share in the market.
