Aviation Analytics Market Size & Analysis - Growth Trends and Forecasts (2024-2029)

The Aviation Analytics Market is segmented by end-user (airlines and airports), business function (sales and marketing, finance, MRO operations, and supply chain), application (risk management, inventory management, fuel management, revenue management, customer analytics, and others) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America). The report offers market size and forecasts for all the above segments in value (USD).

Aviation Analytics Market Size & Analysis - Growth Trends and Forecasts (2024-2029)

Aviation Analytics Market Size

Aviation Analytics Market  Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
CAGR 13.35 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Medium

Major Players

Aviation Analytics Market  Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Aviation Analytics Market with other markets in Aerospace & Defense Industry

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Aviation Analytics Market Analysis

The Aviation Analytics Market is valued at USD 3.22 billion in 2023 and is expected to grow to USD 6.02 billion by 2028, registering a CAGR of 13.35% during the forecast period (2023-2028).

Data analytics plays a critical role in the airline industry as it provides valuable benefits such as improved efficiency, enhanced customer experience, increased security, and reduced costs. The increasing demand for optimized business operations is one of the major factors driving the market for aviation analytics. The market growth is also attributed to the rising adoption of advanced analytics solutions across business functions in the aviation industry. Airlines are widely adopting analytics for various aspects of airline operation management. For instance, airlines use analytics with built-in machine learning algorithms to collect and analyze flight data regarding each route's distance and altitude, aircraft type and weight, weather, etc. Based on the findings, systems estimate the optimal amount of fuel needed for a flight. Additionally, an increase in focus on digitalizing airport operations and reducing human interference is also creating opportunities for the aviation analytics market. However, a lack of expertise in integrating conventional devices with modern technology will restrain the growth of the market in the forecast years.

Aviation Analytics Industry Overview

The aviation analytics market is consolidated with prominent players owning the major percentage of market shares, such as IBM Corporation, IFS, Honeywell International Inc., L3Harris Technologies, Inc., and GE Digital (General Electric Company). The intensity of rivalry is high among them, mostly for obtaining long-term contracts with big players in the aviation industry. These players offer a wide range of aviation analytics solutions that focus on functions including wealth management and sales & marketing, among others. Various growth strategies such as contracts, acquisitions, expansions, new product launches, and partnerships & agreements are being adopted by the leading players to further expand their presence in the aviation analytics market. For instance, in December 2021, TAP Air Portugal and Lufthansa Technik AG agreed that AVIATAR would provide digital support for the airline's complete Airbus fleet. TAP Air Portugal will leverage AVIATAR products, including condition monitoring, event analytics, and fleet maps, to digitally optimize its aircraft operations and realize cost savings.

Aviation Analytics Market Leaders

  1. IBM Corporation

  2. IFS

  3. L3Harris Technologies, Inc.

  4. Honeywell International Inc.

  5. GE Digital (General Electric Company)

  6. *Disclaimer: Major Players sorted in no particular order
Aviation Analytics Market  Concentration
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Aviation Analytics Market News

  • July 2023: Noida International Airport in India selected SITA's Airport Management System to help automate and streamline the operations of the airport.
  • June 2022: LexisNexis Risk Solutions launched flight status data tracking using Chainlink Node.

Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Drivers
  • 4.3 Market Restraints
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Buyers/Consumers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products
    • 4.4.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 End User
    • 5.1.1 Airlines
    • 5.1.2 Airports
  • 5.2 Business Function
    • 5.2.1 Sales & Marketing
    • 5.2.2 Finance
    • 5.2.3 MRO Opertions
    • 5.2.4 Supply Chain
  • 5.3 Application
    • 5.3.1 Risk Management
    • 5.3.2 Inventory Management
    • 5.3.3 Fuel Management
    • 5.3.4 Revenue Management
    • 5.3.5 Customer Analytics
    • 5.3.6 Others
  • 5.4 Geography
    • 5.4.1 North America
    • 5.4.1.1 United States
    • 5.4.1.2 Canada
    • 5.4.2 Europe
    • 5.4.2.1 United Kingdom
    • 5.4.2.2 Germany
    • 5.4.2.3 France
    • 5.4.2.4 Rest of Europe
    • 5.4.3 Asia-Pacific
    • 5.4.3.1 China
    • 5.4.3.2 India
    • 5.4.3.3 Japan
    • 5.4.3.4 South Korea
    • 5.4.3.5 Rest of Asia-Pacific
    • 5.4.4 Latin America
    • 5.4.4.1 Brazil
    • 5.4.4.2 Rest of Latin America
    • 5.4.5 Middle East and Africa
    • 5.4.5.1 Saudi Arabia
    • 5.4.5.2 United Arab Emirates
    • 5.4.5.3 South Africa
    • 5.4.5.4 Rest of Middle East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Vendor Market Share
  • 6.2 Company Profiles
    • 6.2.1 LexisNexis Risk Solutions
    • 6.2.2 GE Digital (General Electric Company)
    • 6.2.3 Collins Aerospace
    • 6.2.4 Honeywell International Inc.
    • 6.2.5 L3Harris Technologies, Inc.
    • 6.2.6 IBM Corporation
    • 6.2.7 IFS
    • 6.2.8 The Boeing Company
    • 6.2.9 IGT Solutions Pvt. Ltd.
    • 6.2.10 OAG Aviation Worldwide Limited
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Aviation Analytics Industry Segmentation

Aviation analytics is the ability to measure performance and risk across all aspects of the flight business that is used by airlines and airports to improve operations.

End-user, business function, application, and geography segment the aviation analytics market report. By end user, the market is segmented into airlines and airports. By business function, the market is segmented into sales & marketing, finance, MRO operations, and supply chain. By application, the market is segmented into risk management, inventory management, fuel management, revenue management, customer analytics, and others. The market sizing and forecasts for all the segments are provided in value (USD).

End User Airlines
Airports
Business Function Sales & Marketing
Finance
MRO Opertions
Supply Chain
Application Risk Management
Inventory Management
Fuel Management
Revenue Management
Customer Analytics
Others
Geography North America United States
Canada
Geography Europe United Kingdom
Germany
France
Rest of Europe
Geography Asia-Pacific China
India
Japan
South Korea
Rest of Asia-Pacific
Geography Latin America Brazil
Rest of Latin America
Geography Middle East and Africa Saudi Arabia
United Arab Emirates
South Africa
Rest of Middle East and Africa
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Frequently Asked Questions

What is the current Aviation Analytics Market size?

The Aviation Analytics Market is projected to register a CAGR of 13.35% during the forecast period (2024-2029)

Who are the key players in Aviation Analytics Market ?

IBM Corporation, IFS, L3Harris Technologies, Inc., Honeywell International Inc. and GE Digital (General Electric Company) are the major companies operating in the Aviation Analytics Market .

Which is the fastest growing region in Aviation Analytics Market ?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

Which region has the biggest share in Aviation Analytics Market ?

In 2024, the North America accounts for the largest market share in Aviation Analytics Market .

What years does this Aviation Analytics Market cover?

The report covers the Aviation Analytics Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Aviation Analytics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Aviation Analytics Market Industry Report

Statistics for the 2024 Aviation Analytics market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Aviation Analytics analysis includes a market forecast outlook to for 2024 to (2024to2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.