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Aviation Analytics Market Trends

  • Report ID: GMI10392
  • Published Date: Jul 2024
  • Report Format: PDF

Aviation Analytics Market Trends

A significant trend in the aviation analytics industry is the integration of Artificial Intelligence (AI) and Machine Learning (ML) for predictive maintenance and operational optimization. Airlines are increasingly utilizing AI and ML algorithms to analyze vast amounts of flight and operational data in real time, enabling them to predict equipment failures before they occur, optimize fuel usage, and enhance flight scheduling. This proactive approach not only reduces downtime and maintenance costs but also improves safety and efficiency. Additionally, the adoption of cloud-based analytics platforms is growing, offering scalable solutions that can handle the massive data volumes generated by modern aircraft and airport systems.
 

For instance, in November 2023, IATA enhanced its Global Aviation Data Management (GADM) program by incorporating advanced big data, machine learning, and AI technologies. This upgrade improves safety, operational efficiency, and sustainability in aviation, with GADM now drawing data from 15 million flights and 198 contributing airlines, enabling comprehensive industry benchmarking and critical business insights.

Authors: Suraj Gujar , Rutvij Kshirsagar

Frequently Asked Questions (FAQ) :

Global industry size for aviation analytics was valued at USD 2.86 billion in 2023 and is anticipated to register over 10% CAGR between 2024 and 2032 due to the regulatory compliance requirements and higher adoption of advanced analytics solutions.

The hardware segment in the aviation analytics market is expected to reach USD 4 billion by 2032, owing to the increasing adoption of Internet of Things (IoT) devices for real-time data monitoring.

North America market held 35% revenue share in 2023 due to adoption of advanced analytics for operational efficiency and competitiveness.

Booz Allen Hamilton Inc., General Electric Company, IBM Corporation, Lufthansa Technik AG, Oracle Corporation, SAP SE, and SAS Institute Inc.

Aviation Analytics Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 468
  • Countries covered: 21
  • Pages: 220
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