Aviation Analytics Market
Aviation Analytics Market Size, Share & Trends Analysis Report by Component (Services and Solutions), by Business Function (Finance, Operations, Maintenance and Repair, Sales and Marketing, and Supply Chain), and by Application (Flight Risk Management, Inventory Management, Fuel Management, Rout Management, Customer Analytics, Navigation Services and Others), Forecast Period (2023-2030) Update Available - Forecast 2024-2030
Aviation Analytics market is anticipated to grow at a CAGR of 10.8% during the forecast period (2023-2030). Aviation analytics provide aircraft maintenance and crew management programs to predict and manage pilot fatigue, aiming to reduce risks and ensure safe operations. The growing adoption of blockchain technology with the improving transparent tracking of the environmental benefits is the key factor supporting the market growth globally. Using blockchain technology to ensure secured allocation of SAF’s environmental attributes to companies and airlines after the fuel has been delivered into the fuel network. Hence, the market players are also focusing on introducing reduce carbon footprint emissions-based aviation analytics solutions that further bolster the market growth. For instance, in June 2022, Shell, Accenture and Amex GBT launched one of the global first blockchain powered digital book-and-claim solutions for scaling sustainable aviation fuel (SAF). Developed by Shell and Accenture aggregate global business demand for SAF, that increase SAF supply and use and help accelerate the aviation industry’s pathway towards net-zero emissions.
US Airline Operated Domestic Flights July 2022 - July 2023
According to the Bureau of transportation, in July 2023, the 10 marketing network carriers reported 638,995 scheduled domestic flights, 15,875 (2.5%) of which were canceled. In June 2023, airlines scheduled 613,577 domestic flights, of which 12,856 (2.1%) were canceled. In July 2022, airlines scheduled 618,790 domestic flights, of which 11,133 (1.8%) were canceled.
Segmental Outlook
The global aviation analytics market is segmented on the component, business function, and application. Based on the component, the market is sub-segmented into services and solutions. Based on the business function, the market is sub-segmented into finance, operations, maintenance and repair, sales and marketing, and supply chain. Further, on the basis of application, the market is sub-segmented into flight risk management, inventory management, fuel management, rout management, customer analytics, navigation services and others including performance monitoring. Among the application, the flight risk management sub-segment is anticipated to hold a considerable share of the market owing to the rising development of aviation analytics for flight data and actionable intelligence for incident prevention and safety management. Helps identify areas of real risk based on the probability of occurrence and severity of risk-driven events.
The Operations Sub-Segment is Anticipated to Hold a Considerable Share of the Global Aviation Analytics Market
Among the business function, the operations sub-segment is expected to hold a considerable share of the global aviation analytics market. The segmental growth is attributed to the growing demand for the sustainable aviation fuel (SAF). Investment vehicle supports start-ups focused on the reduction of carbon emissions in aviation through sustainable aviation fuel research, technology and production. Requirements for use within the aircraft, is being made from used cooking oil and agricultural waste, and, in the future, could be made from other feedstocks including household trash or forest waste. For instance, in February 2023, United Airlines, Inc. launched United Airlines Ventures Sustainable Flight Fund SM, a first-of-its-kind investment vehicle designed to support start-ups focused on decarbonizing air travel by accelerating the research, production and technologies associated with sustainable aviation fuel (SAF).
Regional Outlook
The global aviation analytics market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America). Among these, the Asia-Pacific region is anticipated to hold a prominent share of the market globally, owing to the continuously growing data volume generated in the aviation industry. Furthermore, surging aviation passenger traffic coupled with growing customers’ centricity are some other factors fueling the market growth.
Global Aviation Analytics Market Growth, by Region 2023-2030
North America is Expected to Grow at a Significant CAGR in the Global Aviation Analytics Market
Among all regions, the North America regions is anticipated to grow at a considerable CAGR over the forecast period. Regional growth is attributed to the rising adoption of big data analytics for the management of large volumes of essential data. Advanced technologies such as artificial intelligence (AI), machine learning (ML), and big data analytics are being used in order to manage and process the generated data. The use of these technologies globally is rising owing to their expanding use across numerous end users. All these factors accelerate growth for the aviation analytics market. According to the Bureau of transportation, in October 2021, US Airlines’ passengers increased 119.0% from October 2020.
According to the International Air Transport Association, (IATA) the leading cause of late flights (42%) are based on airline-controlled processes, such as maintenance. Continuous technological advancements by the players of the industry to improve efficiency and client experience to boost the demand for aviation analytics.
The business aviation industry has long been essential in providing economic opportunities for a next-generation workforce. For instance, in October 2023, business aviation leaders launched Climbing Fast, a new advocacy campaign focused on achieving net-zero carbon emissions from flight. The new multi-media advocacy campaign is intended to coordinate and elevate a message about the game-changing technologies that are fostering business aviation sustainability on the ground and in the air. Held at the National Business Aviation Association’s (NBAA’s) 2023. The key market include Boeing Co, FlightAware, GE Aerospace, Honeywell Aerospace, IBM Corp. and others.
Market Players Outlook
The major companies serving the global aviation analytics market include Airbus , Boeing Co, General Electric, IBM Corp., Rolls-Royce Holdings plc, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in May 2023, Google Cloud and Qatar Airways collaborated to set out the airline’s intention to explore leveraging Google Cloud’s data analytics and artificial intelligence (AI) solutions to create superior customer experiences for its passengers.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global aviation analytics market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Airbus
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. General Electric
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Rolls-Royce Holdings plc
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Key Strategy Analysis
4. Market Segmentation
4.1. Global Aviation Analytics Market by Components
4.1.1. Services
4.1.2. Solutions
4.2. Global Aviation Analytics Market by Business Solution
4.2.1. Finance
4.2.2. Operations
4.2.3. Maintenance and Repair
4.2.4. Sales and Marketing
4.2.5. Supply Chain
4.3. Global Aviation Analytics Market by Applications
4.3.1. Flight Risk Management
4.3.2. Inventory Management
4.3.3. Fuel Management
4.3.4. Rout Management
4.3.5. Customer Analytics
4.3.6. Navigation Services
4.3.7. Others (Performance Monitoring)
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Aerostrat Corp.
6.2. The Boeing Co.
6.3. Collins Aerospace (RTX Corp.)
6.4. Embraer S.A.
6.5. FlightAware, LLC
6.6. Honeywell International Inc. (Honeywell Forge)
6.7. IBM Corp.
6.8. IFS World Operations AB
6.9. Lufthansa Systems
6.10. MRO Insider
6.11. Ramco Systems Ltd.
6.12. Safran Data Systems, Inc.
6.13. SAS Institute Inc.
6.14. Teledyne Controls LLC.
6.15. WinAir
1. GLOBAL AVIATION ANALYTICS MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2022-2030 ($ MILLION)
2. GLOBAL AVIATION ANALYTICS SERVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
3. GLOBAL AVIATION ANALYTICS SOLUTIONS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
4. GLOBAL AVIATION ANALYTICS MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2022-2030 ($ MILLION)
5. GLOBAL AVIATION ANALYTICS FINANCE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
6. GLOBAL AVIATION ANALYTICS OPERATIONS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
7. GLOBAL AVIATION ANALYTICS MAINTENANCE AND REPAIR MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
8. GLOBAL AVIATION ANALYTICS SALES AND MARKETING MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
9. GLOBAL AVIATION ANALYTICS SUPPLY CHAIN MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
10. GLOBAL AVIATION ANALYTICS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
11. GLOBAL AVIATION ANALYTICS FOR FLIGHT RISK MANAGEMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
12. GLOBAL AVIATION ANALYTICS FOR INVENTORY MANAGEMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
13. GLOBAL AVIATION ANALYTICS FOR FUEL MANAGEMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
14. GLOBAL AVIATION ANALYTICS FOR ROUT MANAGEMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
15. GLOBAL AVIATION ANALYTICS FOR CUSTOMER ANALYTICS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
16. GLOBAL AVIATION ANALYTICS FOR NAVIGATION SERVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
17. GLOBAL AVIATION ANALYTICS FOR OTHER APPLICATIONS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
18. GLOBAL AVIATION ANALYTICS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
19. NORTH AMERICAN AVIATION ANALYTICS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
20. NORTH AMERICAN AVIATION ANALYTICS MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2022-2030 ($ MILLION)
21. NORTH AMERICAN AVIATION ANALYTICS MARKET RESEARCH AND ANALYSIS BY BUSINESS FUNCTION, 2022-2030 ($ MILLION)
22. NORTH AMERICAN AVIATION ANALYTICS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
23. EUROPEAN AVIATION ANALYTICS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
24. EUROPEAN AVIATION ANALYTICS MARKET RESEARCH AND ANALYSIS BY COMPENENT, 2022-2030 ($ MILLION)
25. EUROPEAN AVIATION ANALYTICS MARKET RESEARCH AND ANALYSIS BY BUSINESS FUNCTION, 2022-2030 ($ MILLION)
26. EUROPEAN AVIATION ANALYTICS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
27. ASIA-PACIFIC AVIATION ANALYTICS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
28. ASIA-PACIFIC AVIATION ANALYTICS MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2022-2030 ($ MILLION)
29. ASIA-PACIFIC AVIATION ANALYTICS MARKET RESEARCH AND ANALYSIS BY BUSINESS FUNCTION, 2022-2030 ($ MILLION)
30. ASIA-PACIFIC AVIATION ANALYTICS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
31. REST OF THE WORLD AVIATION ANALYTICS MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2022-2030 ($ MILLION)
32. REST OF THE WORLD AVIATION ANALYTICS MARKET RESEARCH AND ANALYSIS BY BUSINESS FUNCTION, 2022-2030 ($ MILLION)
33. REST OF THE WORLD AVIATION ANALYTICS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
1. GLOBAL AVIATION ANALYTICS MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2022 VS 2030 (%)
2. GLOBAL AVIATION ANALYTICS SERVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
3. GLOBAL AVIATION ANALYTICS SOLUTIONS MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
4. GLOBAL AVIATION ANALYTICS MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2022 VS 2030 (%)
5. GLOBAL AVIATION ANALYTICS FINANCE MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
6. GLOBAL AVIATION ANALYTICS OPERATIONS MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
7. GLOBAL AVIATION ANALYTICS MAINTENANCE AND REPAIR MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
8. GLOBAL AVIATION ANALYTICS SALES AND MARKETING MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
9. GLOBAL AVIATION ANALYTICS SUPPLY CHAIN MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
10. GLOBAL AVIATION ANALYTICS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022 VS 2030 (%)
11. GLOBAL AVIATION ANALYTICS FOR FLIGHT RISK MANAGEMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
12. GLOBAL AVIATION ANALYTICS FOR INVENTORY MANAGEMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
13. GLOBAL AVIATION ANALYTICS FOR FUEL MANAGEMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
14. GLOBAL AVIATION ANALYTICS FOR ROUT MANAGEMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
15. GLOBAL AVIATION ANALYTICS FOR CUSTOMER ANALYTICS MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
16. GLOBAL AVIATION ANALYTICS FOR NAVIGATION SERVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
17. GLOBAL AVIATION ANALYTICS FOR OTHER APPLICATIONS MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
18. GLOBAL AVIATION ANALYTICS MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
19. US AVIATION ANALYTICS MARKET SIZE, 2022-2030 ($ MILLION)
20. CANADA AVIATION ANALYTICS MARKET SIZE, 2022-2030 ($ MILLION)
21. UK AVIATION ANALYTICS MARKET SIZE, 2022-2030 ($ MILLION)
22. FRANCE AVIATION ANALYTICS MARKET SIZE, 2022-2030 ($ MILLION)
23. GERMANY AVIATION ANALYTICS MARKET SIZE, 2022-2030 ($ MILLION)
24. ITALY AVIATION ANALYTICS MARKET SIZE, 2022-2030 ($ MILLION)
25. SPAIN AVIATION ANALYTICS MARKET SIZE, 2022-2030 ($ MILLION)
26. REST OF EUROPE AVIATION ANALYTICS MARKET SIZE, 2022-2030 ($ MILLION)
27. INDIA AVIATION ANALYTICS MARKET SIZE, 2022-2030 ($ MILLION)
28. CHINA AVIATION ANALYTICS MARKET SIZE, 2022-2030 ($ MILLION)
29. JAPAN AVIATION ANALYTICS MARKET SIZE, 2022-2030 ($ MILLION)
30. SOUTH KOREA AVIATION ANALYTICS MARKET SIZE, 2022-2030 ($ MILLION)
31. REST OF ASIA-PACIFIC AVIATION ANALYTICS MARKET SIZE, 2022-2030 ($ MILLION)
32. REST OF THE WORLD AVIATION ANALYTICS MARKET SIZE, 2022-2030 ($ MILLION)
