Aviation analytics is a kind of computational technology, which provides information, data or statistics of current and historical airport operational data, past and real time flight data and weather forecast to the end users. The aviation analytics also play a major role in airlines operation to perform better on key performance parameters owing to its benefits such as increase in profits, minimization of revenue leakage, and efficient & effective financial processes. The rise in attention on real time analytical solution and competitive intelligence are few factors driving the aviation analytics budgets in companies.
The "Global Aviation Analytics Market Analysis to 2028" is a specialized and in-depth study of the defense and aerospace industry with a special focus on the global market trend analysis. The report aims to provide an overview of the aviation analytics market with detailed market segmentation by type, category, distribution channel, and geography. The report provides key statistics on the market status of the leading aviation analytics market players and offers key trends and opportunities in the market.
- Based on component, the market is segmented as software and service.
- Based on application, the market is divided into Flight Risk Management, Inventory Management, Fuel Management, Revenue Management, Customer Analytics, and Navigation Services.
- based on application, the market is divided into Flight Risk Management, Inventory Management, Fuel Management, Revenue Management, Customer Analytics, and Navigation Services
- Based on end-user, the market if segmented as, airlines, airports, and others.
- Rising focus on competitive intelligence and analytical solutions in order to increase the profitability of airlines businesses
- Growing aviation passenger traffic
- Increase in adoption rate of analytics in aviation industry
- High initial installment cost of system and requirement of skilled professionals to operate the systems
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The aviation analytics market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the aviation analytics market in these regions.
IMPACT OF COVID-19 ON AVIATION ANALYTICS MARKET
The COVID-19 pandemic has forced governments and aviation related businesses to take several stringent measures to contain the spread of the virus. Airports and air traffic around the world had come to a virtual halt in the second quarter of 2020 which led to decline in airport traffic and revenue losses in the aviation industry across all regions. Although, several countries have now started to gradually reopen many parts of the economy, many countries in different region are again exposed to subsequent waves of infections and governments of these countries have opted for the re-imposition of partial or complete lockdowns. Since the health, safety and wellbeing of passengers and staff is aviation industry's topmost priority, airports and airlines have partnered with governments to prepare the restart of global connectivity as and when the epidemiological situation allows. It is expected that if the global vaccination efforts are successful, the number of passengers traveling by air and outside of their countries is likely to increase by the second half of 2021.
The report covers key developments in the aviation analytics market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from aviation analytics market are anticipated to lucrative growth opportunities in the future with the rising demand for aviation analytics in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the aviation analytics market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Aviation Analytics Ltd
- Booz Allen Hamilton Inc.
- General Electric
- IBM Corporation
- Mu Sigma
- Oracle Corporation
- Ramco Systems
- SAP SE
- SAS Institute Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.