Aviation Analytics Market (By Component: Services, Software; By Business Function: Sales & Marketing, Finance, Maintenance, Repair & Operations, Supply Chain; By End User: Airlines, Airports, Others; By Application: Customer Analytics, Flight Risk Management, Fuel Management, Revenue Management, Inventory Management, Navigation Services) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2032

The global aviation analytics market size was exhibited at USD 3.9 billion in 2022 and is projected to hit around USD 11.97 billion by 2032, growing at a CAGR of 11.87% during the forecast period 2023 to 2032.

Key Pointers:

• Asia-Pacific region is predicted to captured to the maximum revenue share in 2022.
• By Business Function, the finance segment led the global market in 2022. 
• By End User, the airline segment dominated the global market in 2022. 
• By Component, the software segment contributed to the largest revenue share in 2022.
• By Application, the customer analytics segment recorded to the biggest revenue share in 2022.

Aviation Analytics Market Report Scope

COVID-19 Impact on Aviation Analytics Market

The COVID-19 pandemic has negatively impacted the airport segment of the aviation analytics market.

As several major airports halted their operations completely for a minimum of one business quarter, the lack of business activities has severely impacted revenue generations at airports. Several flights got canceled and delayed for an unforeseen period as governments imposed lockdowns and restricted people movements. International air traffic is negatively affected due to closed international borders. According to IATA, the aviation industry is expected to witness a loss of USD 63 billion from 2020-21.

Aviation involves the activities surrounding the aircraft industry and mechanical flight. Analytics means systematic computational analysis of statistics or data. Aviation analytics is a computational technology that provides information or statistics of historical airport operational data, historical flight data, weather forecasts, and real-time flight data to the end-users. It permits predictive analysis and query processing over big aviation data. Primarily, it offers predictions or solutions based on structured and unstructured massive aviation data.

The global aviation analytics market is driven by a rise in focus on competitive intelligence and real-time analytical solutions to increase the productivity of a business. Moreover, continuous growth in the volume of data generated in the aviation industry, surge in aviation passenger traffic, and growth in customers’ centricity fuel the growth of the market. However, incapability to provide data models according to the need of businesses and a dearth of analytically skilled workforce hampers the market growth. On the contrary, rise in the adoption rate of analytics and continuous technological advancements in the aviation industry are expected to provide numerous opportunities for market expansion in near future.

The aviation analytics market is segmented on the basis of component, end-user, business function, application, and region. By component, the global aviation analytics market has been categorized into service and software. By end-user, the global aviation analytics market has been categorized into airlines, airports, and others. On the basis of business function, the market has been classified into sales & marketing, operations, finance, maintenance & repair, and supply chain. By application, it is classified into flight risk management, inventory management, fuel management, revenue management, customer analytics, and navigation services. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Some of the prominent players in the Aviation Analytics Market include:

• Accelya Group (Vista Equity Partners)
• SAS Institute, Inc.
• OAG Aviation Worldwide Limited
• IGT Solutions Pvt. Ltd.
• Mu Sigma, Inc.
• SAP SE
• Oracle Corporation
• IBM Corporation
• General Electric (GE) Co.
• Ramco Systems Limited

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2032. For this study, Nova one advisor, Inc. has segmented the global Aviation Analytics market.

By Component

• Services
• Software

By Business Function

• Sales & Marketing
• Finance
• Maintenance
• Repair & Operations
• Supply Chain

By End User

• Airlines
• Airports
• Others

By Application

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

By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa (MEA)