Aviation Analytics Market 2023 Newest Industry Data, Future Trends and Forecast 2030

 As per the report published by The Brainy Insights, the global aviation analytics market is expected to grow from USD 3 billion in 2022 to USD 11.12 billion by 2032, at a CAGR of 14% during the forecast period 2023-2032. The North American region emerged as the most prominent global aviation analytics market, with a 39% market revenue share in 2022. the north American market has a well-established aviation industry with heavy air traffic, given the high per capita income of the region's population. Furthermore, significant market players offering aviation analytics and key airlines drive the regional market's development. The market players' access to advanced technology and quicker adoption of AI, ML and big data will propel regional growth.

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Global Aviation Analytics Market Size by Component (Solutions and Services), Application (Fuel Management, Inventory Management, Revenue Management, Customer Analytics, Navigation Services, Flight Risk Management, Route Management, Fleet Management, Performance Monitoring, Supply Chain Management, Predictive Analysis and Others), Function (Sales and Marketing, Maintenance, Supply Chain, Repair and Operations, Finance and Others), End User (Original Equipment Manufacturers, Airlines, Airports and Others)Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2023 to 2032

Leading companies in the industry include Accelya, General Electric Company, Honeywell International, International Business Machine Corporation (IBM), Lufthansa Technik, OAG Aviation Worldwide Limited, Oracle Corporation, Ramco Systems, SAP SE, and SAS Institute Inc., among others, are offering more significant opportunities and are continuously focused on new product developments and venture capital investments to obtain market share.

The component segment is divided into solutions and services. The solutions segment dominated the market, with a market share of around 63% in 2022. The application segment is divided into fuel management, inventory management, revenue management, customer analytics, navigation services, flight risk management, route management, fleet management, performance monitoring, supply chain management, predictive analysis and others. The customer analytics segment dominated the market, with a market share of around 33% in 2022. The function segment is divided into sales and marketing, maintenance, supply chain, repair and operations, finance and others. The sales and marketing segment dominated the market, with a market share of around 35% in 2022. The end-user segment is divided into original equipment manufacturers, airlines, airports and others. The airlines segment dominated the market, with a market share of around 48% in 2022. The airlines use it to optimize their operations, manage aircraft and personnel, and manage the customer relationship. Aviation analytics optimizes maintenance and repairs, thereby ensuring customer safety. The multiple solutions and services offered to the airlines also propel the segment's growth.

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Systems that can process enormous amounts of data in real time have been made possible by technological breakthroughs, making them extremely effective at creating a customer-centred sales experience. By implementing effective sales methods, brands may grow their market and keep their current consumer base. Artificial intelligence, big data analytics and robotics are being utilized in the aviation industry to optimize airline operations and consume-centric product offerings to improve efficiency and productivity in the industry.

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