The Future of "Aviation Analytics"

 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.

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By end-user, the aviation analytics market is segregated into airline, airport, and others. The airlines segment accounted for the highest revenue in 2020, owing to high demand for aviation analytics that are being used by airlines for numerous commercial applications throughout the world.

Top Market Players -

  • Accelya
  • General Electric
  • International Business Machine Corporation (IBM)
  • IGT Solutions Pvt. Ltd.
  • MU Sigma
  • OAG Aviation Worldwide Limited
  • Oracle Corporation
  • Ramco Systems
  • SAP SE
  • SAS Institute Inc.

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By component, the aviation analytics market is segregated into service and software. The service segment accounted for the highest revenue in 2020, owing to high demand for aviation analytics services that are being deployed for numerous applications across the aviation sector.

Key Findings Of The Study

  • By component, the software segment is expected to register a significant growth during the forecast period.
  • On the basis of end user, the airports segment is anticipated to exhibit significant growth in future.
  • On the basis of business function, the finance segment is anticipated to exhibit significant growth in future.
  • Depending on application, the flight risk management segment is anticipated to exhibit significant growth in future.
  • Region wise, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.

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