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Aviation Analytics Market Overview:
The Aviation Analytics Market size is estimated to reach $6.7 Billion by 2030, growing at a CAGR of 10.8% during the forecast period 2024-2030. The Aviation Analytics market is witnessing robust growth as analytics in aviation can be used to improve airworthiness management by services like predictive maintenance, flight data monitoring, analysing maintenance performance, optimising inventory management, improving safety in aviation by identifying potential safety risks. As the global air traffic rises, the aviation sector is experiencing a large influx of data from several sources due to the expansion of sensors, IoT devices, and digital systems which is driving the adoption of aviation analytics to improve services.
The integration of Artificial Intelligence (AI) in aviation analytics is propelling the growth of aviation analytics market globally. Artificial intelligence could assist in the optimization of aircraft routes, reducing travel duration, fuel consumption, and expenses by analyzing data on weather patterns, sector configurations, air traffic congestion, and other factors. This kind of optimization would subsequently result in a more effective air traffic control system, which would decrease delays and increase air travel capacity. In the case of a conflict, AI and ML systems can potentially assist air traffic controllers in making quicker and better judgments.
Market Snapshot:
Aviation Analytics Market - Report Coverage:
The “Aviation Analytics Market Report - Forecast (2024-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Aviation Analytics Market.
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COVID-19 / Ukraine Crisis - Impact Analysis:
• The COVID-19 pandemic had a profound impact on the global aviation analytics market. The decline in air travel led to a decrease in the demand for aviation analytics solutions. For instance, according to The International Air Transport Association (IATA), a total of 1.8 billion passengers flew in 2020, a decrease of 60.2 per cent compared to the 4.5 billion who flew in 2019.Industry-wide air travel demand measured in revenue passenger kilometres (RPKs) dropped by 65.9% year-on-year. Thus, the decrease in global air travel led to decrease in demand of aviation analytics.
• The Ukraine crisis had a positive impact on the global aviation analytics market. The conflict created a volatile and dynamic environment for air travel. Airlines, airports, and other stakeholders need real-time data and analysis to adapt to rapidly changing airspace restrictions, fuel prices, and travel demand. Thus, the Ukraine crisis had a positive impact on Aviation Analytics market.
Key Takeaways:
North America is Leading the Market
North America region held a major market share of 10.8% in 2023. Large aircraft fleet in regions like the USA, presence of several key players in aviation sector, rising demand for air travel, Governments investments in aviation analytics and technological advancements in aviation sectors are propelling the market growth in this region. For instance, according to US Department of Transportation FY 2024 Budget, $7.1 million is requested to support research on the application of advanced digital technologies such as artificial intelligence and machine learning in safety-critical aircraft systems to enable increasingly efficient and safe flight management. New digital technologies are revolutionizing air travel across the world and are making flights eco-friendlier and more efficient. These technologies enable industry to optimize routes leading to reduced emissions that contribute towards mitigating aviation’s impact on climate change. Additionally, this research improves security and provides crucial timely information to pilots. For the flying public, this ultimately leads to greater on-time predictability and air travel safety. Such advancements and investments are fueling the growth of Aviation Analytics Market in this region.
Software Segment is Leading the Market
Software Segment held the largest market valuation of Aviation Analytics Market in 2023. As aviation sector is growing rapidly it becomes more complex with several technological advancements and large volumes of data. Because of this data driven decision making is increasingly necessary for aviation sector. As the software provides necessary tools and insights to make data driven decisions the segment is witnessing robust growth in Aviation Analytics Market globally. Additionally, the increasing adoption of cloud-based aviation analytics software and integration of AI are also propelling the market growth globally. For instance, Generative AI is also transforming the core operations of airlines and airports. Research shows that up to 35% of flight delays can be reduced through AI-powered decision-making—saving time, reducing stress, and increasing safety for both travellers and staff. Such factors are driving the use of software in aviation analytics market globally.
Growing Passenger Preference for Air Travelling Drives the Market
The growing passenger preference for air travelling is propelling the demand for air travelling globally. For instance, according to Airbus Global Market Forecast 2024, People want to travel, and over the next 20 years, Airbus forecasts traffic will more than double (x2.4). In the first three years, Airbus expects traffic to grow at ~8% per year, to catch up lost growth over the pandemic, before reconnecting with an annual growth of approximately 3.6% from 2027 onwards. As demand for air travel is increasing several airlines are investing heavily in data analytics to understand customer preferences and to improve overall performance. Thus, the rising demand for air travel coupled with complexity of aviation industry is propelling the demand of aviation analytics market globally.
Lack of Skilled Professionals to Hamper the Market
There is a shortage of skilled professionals in the aviation sector, considering the growing need for specialized knowledge in the operation and maintenance of sophisticated airlines. For instance, according to Boeing’s Pilot and Technician Outlook 2024-2043, Long-term demand for newly qualified aviation personnel remains strong, as 674,000 new pilots, 716,000 new maintenance technicians and 980,000 new cabin crew members will be needed to fly and maintain the global commercial fleet over the next 20 years. This shortage of skilled professionals can reduce the adoption of advanced technologies like analytics in aviation which can be a significant challenge to aviation analytics market globally.
Key Market Players:
Product/Service launches, approvals, patents and events, acquisitions, partnerships, and collaborations are key strategies adopted by players in the Aviation Analytics Market. The top 10 companies in this industry are listed below:
1. Airbus
2. Boeing
3. GE Aerospace
4. Honeywell Aerospace Technologies
5. L3 Harris Technologies
6. IBM
7. IFS
8. RTX
9. Lufthansa Technik
10. Oracle Corporation
Scope of the Report:
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1. Aviation Analytics Market - Overview
1.1. Definitions and Scope
2. Aviation Analytics Market - Executive Summary
2.1. Key trends by Business Function
2.2. Key trends by Component
2.3. Key trends by Application
2.4. Key trends by End User
2.5. Key trends by Geography
3. Aviation Analytics Market - Comparative Analysis
3.1. Company Benchmarking - Key Companies
3.2. Financial Analysis - Key Companies
3.3. Market Share Analysis - Key Companies
3.4. Patent Analysis
3.5. Pricing Analysis
4. Aviation Analytics Market - Start-up Companies Scenario
4.1. Key Start-up Company Analysis by
4.1.1. Investment & Revenue
4.1.2. Venture Capital and Funding Scenario
5. Aviation Analytics Market – Market Entry Scenario Premium
5.1. Regulatory Framework Overview
5.2. New Business and Ease of Doing Business Index
5.3. Case Studies of Successful Ventures
6. Aviation Analytics Market - Forces
6.1. Market Drivers
6.2. Market Constraints
6.3. Market Challenges
6.4. Porter's Five Force Model
6.4.1. Bargaining Power of Suppliers
6.4.2. Bargaining Powers of Customers
6.4.3. Threat of New Entrants
6.4.4. Rivalry Among Existing Players
6.4.5. Threat of Substitutes
7. Aviation Analytics Market – Strategic Analysis
7.1. Value Chain Analysis
7.2. Opportunities Analysis
7.3. Product Life Cycle/Market Life Cycle Analysis
7.4. Supplier/Distributor Analysis
8. Aviation Analytics Market – By Business Function (Market Size – $Million/$Billion)
8.1. Finance
8.2. Operations
8.3. Maintenance & Repair
8.4. Sales & Marketing
8.5. Supply Chain
8.6. Others
9. Aviation Analytics Market– By Component (Market Size – $Million/$Billion)
9.1. Software
9.2. Services
10. Aviation Analytics Market– By Application (Market Size – $Million/$Billion)
10.1. Revenue Management
10.2. Inventory Management
10.3. Flight Risk Management
10.4. Customer Analytics
10.5. Navigation Services
10.6. Fuel Management
11. Aviation Analytics Market– By End User (Market Size – $Million/$Billion)
11.1. Airlines
11.2. Airports
11.3. Others
12. Aviation Analytics Market – by Geography (Market Size – $Million/$Billion)
12.1. North America
12.1.1. U.S
12.1.2. Canada
12.1.3. Mexico
12.2. Europe
12.2.1. Germany
12.2.2. France
12.2.3. UK
12.2.4. Italy
12.2.5. Spain
12.2.6. Russia
12.2.7. Rest of Europe
12.3. Asia-Pacific
12.3.1. China
12.3.2. Japan
12.3.3. South Korea
12.3.4. India
12.3.5. Australia & New Zealand
12.3.6. Rest of Asia-Pacific
12.4. South America
12.4.1. Brazil
12.4.2. Argentina
12.4.3. Chile
12.4.4. Colombia
12.4.5. Rest of South America
12.5. Rest of The World
12.5.1. Middle East
12.5.2. Africa
13. Aviation Analytics Market – Entropy
13.1. New product launches
13.2. M&A's, collaborations, JVs and partnerships
14. Aviation Analytics Market – Industry/Segment Competition Landscape
14.1. Market Share Analysis
14.1.1. Market Share by Global
14.1.2. Market Share by Region
14.1.3. Market Share by Country
15. Aviation Analytics Market – Key Company List by Country Premium
16. Aviation Analytics Market – Company Analysis
16.1. Airbus
16.2. Boeing
16.3. GE Aerospace
16.4. Honeywell Aerospace Technologies
16.5. L3 Harris Technologies
16.6. IBM
16.7. IFS
16.8. RTX
16.9. Lufthansa Technik
16.10 .Oracle Corporation
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LIST OF TABLES
1.Global Aviation Analytics Market, By Component Market 2023-2030 ($M)
1.1 Software Market 2023-2030 ($M) - Global Industry Research
1.2 Service Market 2023-2030 ($M) - Global Industry Research
2.Global Aviation Analytics Market, By End User Market 2023-2030 ($M)
2.1 Airlines Market 2023-2030 ($M) - Global Industry Research
2.2 Airports Market 2023-2030 ($M) - Global Industry Research
3.Global Company Profiling Market 2023-2030 ($M)
3.1 Mercator Market 2023-2030 ($M) - Global Industry Research
3.2 General Electric Market 2023-2030 ($M) - Global Industry Research
3.3 Booz Allen Hamilton Inc. Market 2023-2030 ($M) - Global Industry Research
3.4 SAP SE Market 2023-2030 ($M) - Global Industry Research
3.5 Aviation Analytics Ltd Market 2023-2030 ($M) - Global Industry Research
3.6 Oracle Corporation Market 2023-2030 ($M) - Global Industry Research
3.7 IBM Corporation Market 2023-2030 ($M) - Global Industry Research
3.8 Mu Sigma Market 2023-2030 ($M) - Global Industry Research
3.9 SAS Institute Inc Market 2023-2030 ($M) - Global Industry Research
3.10 Ramco Systems Market 2023-2030 ($M) - Global Industry Research
3.11 DXC Technology Market 2023-2030 ($M) - Global Industry Research
4.Global Aviation Analytics Market, By Component Market 2023-2030 (Volume/Units)
4.1 Software Market 2023-2030 (Volume/Units) - Global Industry Research
4.2 Service Market 2023-2030 (Volume/Units) - Global Industry Research
5.Global Aviation Analytics Market, By End User Market 2023-2030 (Volume/Units)
5.1 Airlines Market 2023-2030 (Volume/Units) - Global Industry Research
5.2 Airports Market 2023-2030 (Volume/Units) - Global Industry Research
6.Global Company Profiling Market 2023-2030 (Volume/Units)
6.1 Mercator Market 2023-2030 (Volume/Units) - Global Industry Research
6.2 General Electric Market 2023-2030 (Volume/Units) - Global Industry Research
6.3 Booz Allen Hamilton Inc. Market 2023-2030 (Volume/Units) - Global Industry Research
6.4 SAP SE Market 2023-2030 (Volume/Units) - Global Industry Research
6.5 Aviation Analytics Ltd Market 2023-2030 (Volume/Units) - Global Industry Research
6.6 Oracle Corporation Market 2023-2030 (Volume/Units) - Global Industry Research
6.7 IBM Corporation Market 2023-2030 (Volume/Units) - Global Industry Research
6.8 Mu Sigma Market 2023-2030 (Volume/Units) - Global Industry Research
6.9 SAS Institute Inc Market 2023-2030 (Volume/Units) - Global Industry Research
6.10 Ramco Systems Market 2023-2030 (Volume/Units) - Global Industry Research
6.11 DXC Technology Market 2023-2030 (Volume/Units) - Global Industry Research
7.North America Aviation Analytics Market, By Component Market 2023-2030 ($M)
7.1 Software Market 2023-2030 ($M) - Regional Industry Research
7.2 Service Market 2023-2030 ($M) - Regional Industry Research
8.North America Aviation Analytics Market, By End User Market 2023-2030 ($M)
8.1 Airlines Market 2023-2030 ($M) - Regional Industry Research
8.2 Airports Market 2023-2030 ($M) - Regional Industry Research
9.North America Company Profiling Market 2023-2030 ($M)
9.1 Mercator Market 2023-2030 ($M) - Regional Industry Research
9.2 General Electric Market 2023-2030 ($M) - Regional Industry Research
9.3 Booz Allen Hamilton Inc. Market 2023-2030 ($M) - Regional Industry Research
9.4 SAP SE Market 2023-2030 ($M) - Regional Industry Research
9.5 Aviation Analytics Ltd Market 2023-2030 ($M) - Regional Industry Research
9.6 Oracle Corporation Market 2023-2030 ($M) - Regional Industry Research
9.7 IBM Corporation Market 2023-2030 ($M) - Regional Industry Research
9.8 Mu Sigma Market 2023-2030 ($M) - Regional Industry Research
9.9 SAS Institute Inc Market 2023-2030 ($M) - Regional Industry Research
9.10 Ramco Systems Market 2023-2030 ($M) - Regional Industry Research
9.11 DXC Technology Market 2023-2030 ($M) - Regional Industry Research
10.South America Aviation Analytics Market, By Component Market 2023-2030 ($M)
10.1 Software Market 2023-2030 ($M) - Regional Industry Research
10.2 Service Market 2023-2030 ($M) - Regional Industry Research
11.South America Aviation Analytics Market, By End User Market 2023-2030 ($M)
11.1 Airlines Market 2023-2030 ($M) - Regional Industry Research
11.2 Airports Market 2023-2030 ($M) - Regional Industry Research
12.South America Company Profiling Market 2023-2030 ($M)
12.1 Mercator Market 2023-2030 ($M) - Regional Industry Research
12.2 General Electric Market 2023-2030 ($M) - Regional Industry Research
12.3 Booz Allen Hamilton Inc. Market 2023-2030 ($M) - Regional Industry Research
12.4 SAP SE Market 2023-2030 ($M) - Regional Industry Research
12.5 Aviation Analytics Ltd Market 2023-2030 ($M) - Regional Industry Research
12.6 Oracle Corporation Market 2023-2030 ($M) - Regional Industry Research
12.7 IBM Corporation Market 2023-2030 ($M) - Regional Industry Research
12.8 Mu Sigma Market 2023-2030 ($M) - Regional Industry Research
12.9 SAS Institute Inc Market 2023-2030 ($M) - Regional Industry Research
12.10 Ramco Systems Market 2023-2030 ($M) - Regional Industry Research
12.11 DXC Technology Market 2023-2030 ($M) - Regional Industry Research
13.Europe Aviation Analytics Market, By Component Market 2023-2030 ($M)
13.1 Software Market 2023-2030 ($M) - Regional Industry Research
13.2 Service Market 2023-2030 ($M) - Regional Industry Research
14.Europe Aviation Analytics Market, By End User Market 2023-2030 ($M)
14.1 Airlines Market 2023-2030 ($M) - Regional Industry Research
14.2 Airports Market 2023-2030 ($M) - Regional Industry Research
15.Europe Company Profiling Market 2023-2030 ($M)
15.1 Mercator Market 2023-2030 ($M) - Regional Industry Research
15.2 General Electric Market 2023-2030 ($M) - Regional Industry Research
15.3 Booz Allen Hamilton Inc. Market 2023-2030 ($M) - Regional Industry Research
15.4 SAP SE Market 2023-2030 ($M) - Regional Industry Research
15.5 Aviation Analytics Ltd Market 2023-2030 ($M) - Regional Industry Research
15.6 Oracle Corporation Market 2023-2030 ($M) - Regional Industry Research
15.7 IBM Corporation Market 2023-2030 ($M) - Regional Industry Research
15.8 Mu Sigma Market 2023-2030 ($M) - Regional Industry Research
15.9 SAS Institute Inc Market 2023-2030 ($M) - Regional Industry Research
15.10 Ramco Systems Market 2023-2030 ($M) - Regional Industry Research
15.11 DXC Technology Market 2023-2030 ($M) - Regional Industry Research
16.APAC Aviation Analytics Market, By Component Market 2023-2030 ($M)
16.1 Software Market 2023-2030 ($M) - Regional Industry Research
16.2 Service Market 2023-2030 ($M) - Regional Industry Research
17.APAC Aviation Analytics Market, By End User Market 2023-2030 ($M)
17.1 Airlines Market 2023-2030 ($M) - Regional Industry Research
17.2 Airports Market 2023-2030 ($M) - Regional Industry Research
18.APAC Company Profiling Market 2023-2030 ($M)
18.1 Mercator Market 2023-2030 ($M) - Regional Industry Research
18.2 General Electric Market 2023-2030 ($M) - Regional Industry Research
18.3 Booz Allen Hamilton Inc. Market 2023-2030 ($M) - Regional Industry Research
18.4 SAP SE Market 2023-2030 ($M) - Regional Industry Research
18.5 Aviation Analytics Ltd Market 2023-2030 ($M) - Regional Industry Research
18.6 Oracle Corporation Market 2023-2030 ($M) - Regional Industry Research
18.7 IBM Corporation Market 2023-2030 ($M) - Regional Industry Research
18.8 Mu Sigma Market 2023-2030 ($M) - Regional Industry Research
18.9 SAS Institute Inc Market 2023-2030 ($M) - Regional Industry Research
18.10 Ramco Systems Market 2023-2030 ($M) - Regional Industry Research
18.11 DXC Technology Market 2023-2030 ($M) - Regional Industry Research
19.MENA Aviation Analytics Market, By Component Market 2023-2030 ($M)
19.1 Software Market 2023-2030 ($M) - Regional Industry Research
19.2 Service Market 2023-2030 ($M) - Regional Industry Research
20.MENA Aviation Analytics Market, By End User Market 2023-2030 ($M)
20.1 Airlines Market 2023-2030 ($M) - Regional Industry Research
20.2 Airports Market 2023-2030 ($M) - Regional Industry Research
21.MENA Company Profiling Market 2023-2030 ($M)
21.1 Mercator Market 2023-2030 ($M) - Regional Industry Research
21.2 General Electric Market 2023-2030 ($M) - Regional Industry Research
21.3 Booz Allen Hamilton Inc. Market 2023-2030 ($M) - Regional Industry Research
21.4 SAP SE Market 2023-2030 ($M) - Regional Industry Research
21.5 Aviation Analytics Ltd Market 2023-2030 ($M) - Regional Industry Research
21.6 Oracle Corporation Market 2023-2030 ($M) - Regional Industry Research
21.7 IBM Corporation Market 2023-2030 ($M) - Regional Industry Research
21.8 Mu Sigma Market 2023-2030 ($M) - Regional Industry Research
21.9 SAS Institute Inc Market 2023-2030 ($M) - Regional Industry Research
21.10 Ramco Systems Market 2023-2030 ($M) - Regional Industry Research
21.11 DXC Technology Market 2023-2030 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Aviation Analytics Global Market Revenue, 2023-2030 ($M)
2.Canada Aviation Analytics Global Market Revenue, 2023-2030 ($M)
3.Mexico Aviation Analytics Global Market Revenue, 2023-2030 ($M)
4.Brazil Aviation Analytics Global Market Revenue, 2023-2030 ($M)
5.Argentina Aviation Analytics Global Market Revenue, 2023-2030 ($M)
6.Peru Aviation Analytics Global Market Revenue, 2023-2030 ($M)
7.Colombia Aviation Analytics Global Market Revenue, 2023-2030 ($M)
8.Chile Aviation Analytics Global Market Revenue, 2023-2030 ($M)
9.Rest of South America Aviation Analytics Global Market Revenue, 2023-2030 ($M)
10.UK Aviation Analytics Global Market Revenue, 2023-2030 ($M)
11.Germany Aviation Analytics Global Market Revenue, 2023-2030 ($M)
12.France Aviation Analytics Global Market Revenue, 2023-2030 ($M)
13.Italy Aviation Analytics Global Market Revenue, 2023-2030 ($M)
14.Spain Aviation Analytics Global Market Revenue, 2023-2030 ($M)
15.Rest of Europe Aviation Analytics Global Market Revenue, 2023-2030 ($M)
16.China Aviation Analytics Global Market Revenue, 2023-2030 ($M)
17.India Aviation Analytics Global Market Revenue, 2023-2030 ($M)
18.Japan Aviation Analytics Global Market Revenue, 2023-2030 ($M)
19.South Korea Aviation Analytics Global Market Revenue, 2023-2030 ($M)
20.South Africa Aviation Analytics Global Market Revenue, 2023-2030 ($M)
21.North America Aviation Analytics Global By Application
22.South America Aviation Analytics Global By Application
23.Europe Aviation Analytics Global By Application
24.APAC Aviation Analytics Global By Application
25.MENA Aviation Analytics Global By Application
The Aviation Analytics Market is projected to grow at 10.8% CAGR during the forecast period 2024-2030.
The Aviation Analytics Market size is estimated to be $2.9 billion in 2023 and is projected to reach $6.7 Billion by 2030
The leading players in the Aviation Analytics Market are Airbus, Boeing, GE Aerospace, Honeywell Aerospace Technologies, L3 Harris Technologies, RTX and Others.