Global Aviation Analytics Market is projected to reach

Visiongain has published a new report on Global Aviation Analytics Market Report Forecast 2021-2031. Forecasts by component (solutions, services), by deployment (on-premises, cloud), by function (finance, operations, maintenance and repair, sales and marketing, supply chain, other), by application (aviation risk management, fuel management, management Route, Fleet Management, Inventory Management, Wealth Management, Performance Monitoring, Energy Management, Other), by End User (Maintenance and Repair Service Providers, Airlines, OEMs, Airports). In addition to analyzing the leading regional/national markets and leading market players. COVID-19 recovery analysis (V-shaped recovery, W-shaped recovery, U-shaped recovery, L-shaped recovery)

Global Aviation Analytics Market It was valued at $3,264.1 million in 2021 and is expected to have a market value of $19,224.9 million by 2031. Some of the factors that are expected to positively impact the adoption of advanced analytics in the aviation sector include technological developments and the growth of the tourism industry. . Companies in the aviation sector face challenges such as lowering operational costs while increasing efficiencies and profits, increasing customer satisfaction, safety of maintenance operations, preventing delays and reducing aircraft on the ground (AOGs) risks. The integration of technologies such as artificial intelligence, machine learning, the Internet of Things and big data is expected to increase the demand for analytic services to help make accurate decisions.

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Impact of COVID-19 on the Aviation Analytics Market

Visiongain has forecast four scenarios for aviation analytics market recovery during the forecast period, namely V, U, W and L. The COVID 19 pandemic has hampered the aviation analytics market, due to temporary ban on movement of people across countries. Many airlines have suspended accrued expenses to reduce their losses in the fiscal year. However, as the tourism industry recovers, the aviation sector is expected to increase spending on technologically advanced services to improve profitability and reduce losses in the future.

How will this report benefit you?

Visiongain’s new study is for anyone who needs in-depth analyzes of Global Aviation Analytics Market Along with a detailed analysis of the segments in the market. Our new study helps you assess the overall global and regional market for autonomous trains. Get the financial analysis of the general market and different sectors. There are still huge opportunities in this rapidly growing aviation analytics market. Learn how to use current and upcoming opportunities in this market to gain a competitive advantage in the near future. Moreover, the report will help you improve your strategic decision-making process, allowing you to frame growth strategies, enhance analysis of other market players, and finally increase productivity for your company.

What are the market drivers?

High passenger traffic and customer focus

According to the International Air Transport Association (IATA), global passenger traffic is expected to reach about 7.2 billion by 2035 from about 3.8 billion in 2016. It is also estimated that the average compound annual growth rate of air passenger traffic will be 3.7% . Therefore, the increase in passenger traffic in aviation is expected to increase the demand for aviation analytics due to the generation of huge amount of information. Customer focus is currently a major focus in the aviation industry due to the continuous shift in customer preferences. Thus, aviation industry participants will need to use analytics solutions to predict customer preferences, reduce operational cost, and manage fuel cost among other things.

Generating large amounts of data in the aviation industry

the aviation industry Responsible for generating large amounts of unstructured and complex data known as Big Data. The industry is characterized by an operating system that results in the generation of data at every step. For example, customer interaction with an airline, pre-flight to post-flight operations, captures data. Passenger information, aircraft information, flight tracking data, weather information, air safety reports, airport operations and airline information are other sources of data generation in the aviation sector. This vast amount of historical data is analyzed to discover valuable insights into the aviation industry as well as to predict global security threats, changing customer preferences and future market trends.

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Where are the market opportunities?

Advances in cloud-based real-time data collection and analytics

With the help of cloud-based real-time data collection and analytics, companies in the aviation industry get insights as soon as the data enters their systems. Real-time analytics meet the needs of their customers, allow businesses to respond without delay and lead to efficient business environments with optimal operational profitability. Real-time analytics help organizations quickly respond to opportunities and accurately address issues to ensure smooth operations. The solutions provide flexibility to airlines and help them improve their flight operations by improving fuel efficiency, strengthening aviation risk management systems, and significantly reducing unscheduled downtime.

Competitive scene

Some of the companies mentioned in the report include IBM Corporation, General Electric Company, RELX Group plc, Oracle Corporation, SAP SE, Capgemini SE, Ramco Systems, Hexaware Technologies Limited, WinAir, and SAS Institute Inc. and IFS (Industrial and Financial Systems) AB and Swiss AviationSoftware Ltd. (Swiss-AS), Beep Analytics ApS, Mu Sigma, GrayMatter Software Services Pvt. Ltd. These players have prioritized organic and inorganic growth strategies such as new product development, expansions, investments, mergers and acquisitions, agreements, contracts and joint ventures.

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  • In October 2021, Swiss-AS announced that Modern Logistics, the Brazilian integrated logistics company operating cargo aircraft, had selected AMOS from Swiss AviationSoftware to fully track and control maintenance operations and gain a competitive advantage by implementing the company’s proven MRO system. The carrier will apply AMOS Airline Edition to manage its Boeing 737 and ATR 72 fleet.
  • In October 2021, GE Digital announced that it had signed a Memorandum of Understanding (MoU) with FLAPZ, a new aviation marketplace based in Colombia, to work to increase safety in business and general aviation in Colombia and other parts of Latin America. The companies plan to work together to provide GE Digital’s Safety Insight for Business Jets, a C-FOQA software and services solution, to the FLAPZ consortium that will make it easier for business jet operators to improve safety by implementing safety procedures at the highest international standards.
  • In September 2021, Ramco Systems announced the implementation of the Aviation M&E MRO Suite V5.9 Program at Draken International, the leading provider of Adair Services (ADAIR) tactical combat aircraft for the defense industry, across its global operations at both CONUS and OCONUS locations. The software will provide a comprehensive solution for managing Draken’s global operations as well as a scalable software platform that supports the company’s rapid expansion plans.

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