Press release
Key Factor Supporting Global Aviation Analytics Market Development in 2025: Elevated Aviation Passenger Traffic Fuels Growth In The Aviation Analytics Market
Aviation Analytics
How Large Will the Aviation Analytics Market Size By 2025?
In recent times, there has been a swift expansion in the size of the aviation analytics market. The projection shows a growth from $3.37 billion in 2024 to a staggering $3.8 billion in 2025, maintaining a compound annual growth rate (CAGR) of 12.7%. Factors contributing to this surge during the historic period include heightened data generation within the aviation sector, a prioritization of safety and operational proficiency, complexity escalation in airline operations, stiff competition and cost management, along with an escalated demand for superior customer experience.
How Big Is the Aviation Analytics Market Size Expected to Grow by 2029?
The market size for aviation analytics is anticipated to experience swift expansion in the coming years, reaching an impressive $6.58 billion by 2029, with a CAGR of 14.7%. This significant increase during the forecast period is largely due to advancements in predictive maintenance, increased focus on safety analytics, a rising need for real-time analytics, regulatory compliance, and reporting as well as a growing demand for sophisticated analytics platforms. Notable trends for the forecasted period incorporate sustainable analytics in the aviation sector, regulatory compliance analytics, initiatives for data collaboration and sharing, a broader integration of the Internet of Things (IoT), and the optimisation of air traffic management.
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Which Key Market Drivers Powering Aviation Analytics Market Expansion and Growth?
The escalation in passenger inflow in the aviation sector is stimulating the expansion of the aviation analytics market. The software and services offered by aviation analytics allow airports to integrate their data, affording an inclusive and coordinated perspective to airport management. Simplifying passenger traffic and facilitating smoother operations are achievable through effective solutions provided by aviation analytics. The International Air Transport Association (IATA) revealed that total traffic for March 2022, calculated in revenue passenger kilometers (RPKs), showed a significant hike of 76% compared to the same month in the previous year. Consequently, a surge in aviation activities will catalyze the growth of the aviation analytics market.
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Which Fast-Growing Trends Are Poised to Disrupt the Aviation Analytics Market?
The rise of technology is a trending factor gaining traction in the aviation analytics market. With the growing adoption of novel technology, airlines and airports are turning to aviation analytics to automate their tasks, reduce expenses, and enhance client satisfaction. For instance, the Canada-based trade association, International Air Transport Association (IATA) deployed the FuellS in June 2024. This advanced analytics solution is designed to optimize fuel consumption by airlines. By leveraging aggregated and anonymous flight and fuel data, this tool assists airlines in making data-driven decisions about fuel efficiency, decreasing costs, and environmental impact. Airlines can evaluate the fuel efficiency of different aircraft models by juxtaposing their fuel burn per Operational Tonne-Kilometer (OTK) with industry norms.
What Are the Emerging Segments in the Aviation Analytics Market?
The aviation analyticsmarket 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 Functions
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
Subsegments:
1) By Services: Consulting Services, Data Management Services, Implementation And Integration Services, Support And Maintenance Services, Training And Education Services
2) By Solutions: Flight Operations Analytics, Maintenance And Engineering Analytics, Safety And Risk Management Solutions, Revenue Management Solutions, Customer Experience Analytics, Predictive Analytics Solutions
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Who Are the Global Leaders in the Aviation Analytics Market?
Major companies operating in the aviation analytics market include 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.
Which are the Top Profitable Regional Markets for the Aviation Analytics Industry?
North America was the largest region in the aviation analytics market in 2024.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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