Aviation Analytics Market by Component (Services, Solutions) Deployment (On-premise, Cloud), Application, End-User (MROs, Airlines, Airports, OEMs), Business Function, Region - Global Forecast to 2025

Publisher: MarketsandMarkets
Publication Date: December, 2020
Aerospace & Defense / Aerospace Components
Pages: 224
Delivery Format: PDF

by Component (Services, Solutions) Deployment (On-premise, Cloud), Application, End-User (MROs, Airlines, Airports, OEMs), Business Function, Region

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The aviation analytics market is projected to grow from USD 1.7 billion in 2020 to USD 3.0 billion by 2025, at a CAGR of 11.5% from 2020 to 2025. The increasing modernization of aircraft fleet to increase efficiency and reduce aircraft downtime is the key factor that is expected to fuel the growth of the aviation analytics market. However, lack of expertise that restrain the adoption of aviation analytics hurdle the growth of this market. The aviation analytics market includes major players Oracle Corporation (US), General Electric (US), Lufthansa Technik (Germany), SAP (Germany), and IBM (US). These players have spread their business across various countries includes North America, Europe, Asia Pacific, Middle East and the Rest of the World. COVID-19 has impacted their businesses as well. Industry experts believe that COVID-19 could affect aviation analytics services by 40-45% globally in 2020. “The mobility & functionality segment of the market is projected to grow at the highest CAGR from 2020 to 2025.” Based on application, the mobility & functionality segment is projected to grow at the highest CAGR during the forecast period. The growth of this segment can be attributed to the increasing demand for improving passenger experience during air travel. “Based on end user, the airport segment is projected to lead the aviation analytics market across the forecast period” Based on end user, the airport segment is projected to lead during the forecast period. Due to the demand for workflow efficiency and growing number of aircraft fllet, the market for aviation analytics is expected to lead during the forecast period. “The North American region is estimated to account for the largest share of the aviation analytics market in 2020” The aviation analytics market in the North American region is expected to witness substantial growth during the forecast period, owing to the high adoption of modernization of aircraft fleet across the region. The airlines and airports in this region are opting for advance analytics tools to optimize the complex business functions through incorporation of modern technologies such as big data, artificial intelligenc, etc. The break-up of the profiles of primary participants in the aviation analytics market is as follows: • By Company Type: Tier 1 - 30%; Tier 2 - 40%; and Tier 3 - 30% • By Designation: C Level Executives - 40%; Directors - 32%; and Others - 28% • By Region: North America - 40%; Europe - 15%; Asia Pacific - 40%, Rest of the World - 5% Major players in the aviation analytics market are IBM Corporation (US), IFS (Sweden), Ramco Systems (India), SAP (Germany), Swiss AviationSoftware (Switzerland), Lufthansa Technik (Germany), General Electric (US), Oracle Corporation (US), and Honeywell International (US). Research Coverage This market study covers the aviation analytics market across various segments and subsegments. It aims at estimating the size and growth potential of this market across different segments based on end user, application, component, deployment, and region. This study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to their product and business offerings, recent developments undertaken by them, and key market strategies adopted by them. Reasons to Buy this Report This report is expected to help market leaders/new entrants by providing them the closest approximations of the revenue numbers for the overall aviation analytics market and its segments. This study is also expected to provide region-wise information about the applications wherein aviation analytics solutions are used. It also aims at helping the stakeholders understand the competitive landscape of the market, gain insights to improve the position of their businesses, and plan suitable go-to-market strategies. This report is also expected to help them understand the pulse of the market and provide them with information on key drivers, restraints, challenges, and opportunities influencing the growth of the aviation analytics market.

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Aviation Analytics Market by Component (Services, Solutions) Deployment (On-premise, Cloud), Application, End-User (MROs, Airlines, Airports, OEMs), Business Function, Region - Global Forecast to 2025

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