Global Aviation Analytics Market 2020 (Includes Business Impact of COVID-19)

                                          
“Global Aviation Analytics Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by Trusted Business Insights. The global aviation analytics market report has been segmented on the basis of vertical, end-user, application, component and region.

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Global Aviation Analytics Market: Overview

Aviation analytics help in improving analytical resolution and maximizing revenue from operations of the organization. It helps in measuring, analyzing, monitoring business challenges, goals, futuristic plans of the concerned organization and thereby improving operational performance, profitability, and maintenance. Aviation analytics are used in fuel management, customer analytics, revenue management and risk management in the aviation industry.

Global Aviation Analytics Market: Dynamics

Aviation analytics are gaining importance owing to the advantages offered by such solutions such as improving operational performance, increasing profitability, overcoming business challenges, and achieving future goals. Such advantages further drive the market players in concentrating on the enhancement of such solutions through research and development in order to increase the overall business profitability. This turns out be one of the major factors for growth of the global aviation analytics market over the forecast period. A rising level of air passenger traffic is also increasing the need for proper management, leading to an increasing demand for aviation analytics. Increasing focus by the players in the aviation industry on achieving maximum fuel efficiency by effective fuel management through aviation analytics is also augmenting growth of the global market and is expected to continue over the forecast period. In addition, increasing focus on artificial intelligence is also expected to trigger demand for aviation analytics in the coming years.

Lack of skilled workforce in the related field is one of the major challenges and is expected to restrain growth of the global market over the forecast period.

The increasing application of big data in aviation is a recent trend observed in the industry, owing to the increasing amount of data that is being continuously created both through the passengers onboard and plane sensors.

Global Aviation Analytics Market: Segment Analysis

On the basis of application, the customer analytics segment is expected to grow at a higher CAGR over the projected time period, owing to crucial insights provided by analytical solutions that are necessary to satisfy the needs and expectations of the customer. Based on the vertical type, the finance segment is dominating in the global market. This is because analytic solutions segregating financial aspects of the organization and formulating strategies for profit maximization and therefore analytics are hugely preferred in financial aspects.

Global Aviation Analytics Market: Regional Analysis

North America market accounts for maximum revenue share in the global market owing to the high adoption rate of the aviation analytics by several organizations in the aviation industry present in the region. The Asia Pacific Market is expected to grow at higher CAGR over the forecast period. Growing demand for cloud supported and cloud-driven advanced analytics has resulted in the increasing demand for analytics solutions in the region. This has resulted in increasing technological advancements and investment across various industry verticals.  Developing economies such as India and China are steadily moving towards aviation analytics applications.

Global Aviation Analytics Market Segmentation:

Segmentation by Vertical:

Operations
Maintenance & Repair
Finance
Sales & Marketing
Supply Chain

Segmentation by End-user:

Airports
Airlines

Segmentation by Application:

Customer Analytics
Flight Risk Management
Fuel Management
Inventory Management
Navigation Services
Revenue Management

Segmentation by Component:

Service
Software