The global aviation analytics market is anticipated to grow at a CAGR of 10.8% during the forecast period (2023-2030). An increase in adoption of improved safety, efficiency, and profitability by streamlining maintenance schedules and increasing aircraft uptime, leading to higher customer satisfaction scores and increased revenue streams drive the growth of aviation analytics market. Various factor such as rise in focus on competitive intelligence and real-time analytical solutions to increase the productivity of a business and continuous growth in the volume of data generated in the aviation industry to accelerate the market growth.
CO? emissions estimates, tracked flights and fleets data now together in the most flexible and comprehensive fleet analysis tool in the market. According to the International Energy Agency (IEA), in July 2023, in 2022 aviation accounted for 2.0% of global energy-related CO2 emissions, having grown faster in recent decades than rail, road or shipping. As international travel demand recovers following the Covid-19, aviation emissions in 2022 reached almost 800 Mt CO2, about 80.0% of the pre-level.
A new flight analytics capability allows airports to analyze booking trends, and more accurately map passenger demand. An analytics tool for financiers helps monitor and benchmark the CO? emissions and value of aircraft in a portfolio. For instance, in June 2023, Cirium launched advanced aviation analytics to support more effective airline operational analysis, CO? emissions forecasting and situation awareness. The new capabilities include accurate CO? emissions forecasting for flights, situational awareness of aircraft, in-depth advance booking analysis, and analytics tools that help assess the value and carbon footprint of an aircraft fleet.
Collection and analysis of in-service operations are secured within the lifecycle optimization for aerospace platform to provide a comprehensive view and understanding of the usage of a part over time. For instance, in June 2023, Capgemini SE and Amazon Web Services (AWS) launched lifecycle optimization for Aerospace. This platform aims at accelerating the adoption of circular economy. Practices in the aviation industry by automating the inspection process, optimizing lifecycle analysis of aircraft parts, and guiding decisions to extend their lifespan.
Sustainable aviation fuel (SAF) Dashboard portrays the data visually as industry works together across sectors to increase SAF production for a more sustainable aerospace future. For instance, in June 2023, Boeing launched SAF Dashboard, a tool that tracks expected sustainable aviation fuel (SAF) capacity over the next decade. Based on data collected by BloombergNEF, the dashboard aggregates total SAF capacity announcements by suppliers on a global scale and can filter anticipated supply by production pathway, location and other metrics.
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Market Coverage
- The market number available for – 2022-2030
- Base year- 2022
- Forecast period- 2023-2030
Segment Covered-
- By Component
- By Business Function
- By Application
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape- includes Airbus, Boeing Co, General Electric, IBM Corp., Rolls-Royce Holdings plc, and others.
Aviation Analytics Market Report Segment
By Component
- Services
- Solutions
By Business Function
- Finance
- Operations
- Maintenance and Repair
- Sales and Marketing
- Supply Chain
By Application
- Flight Risk Management
- Inventory Management
- Fuel Management
- Rout Management
- Customer Analytics
- Navigation Services
- Others (Performance Monitoring)
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Company Profiles
- Aerostrat Corp.
- The Boeing Co.
- Collins Aerospace (RTX Corp.)
- Embraer S.A.
- FlightAware, LLC
- Honeywell International Inc. (Honeywell Forge)
- IBM Corp.
- IFS World Operations AB
- Lufthansa Systems
- MRO Insider
- Ramco Systems Ltd.
- Safran Data Systems, Inc.
- SAS Institute Inc.
- Teledyne Controls LLC.
- WinAir
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