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Aviation Cloud Market Trends

  • Report ID: GMI10218
  • Published Date: Jul 2024
  • Report Format: PDF

Aviation Cloud Market Trends

The increasing integration of Machine Learning (ML) and Artificial Intelligence (AI) technology is one of the major trends in the aviation cloud industry. Several operational features, including flight path optimization, predictive maintenance, and personalized passenger services, are being improved by the application of these technologies. Airlines can now analyze massive datasets in real-time with AI and ML, gaining insights that boost operational effectiveness and decision-making. Modern aviation cloud solutions must include AI and ML as essential components owing to their capacity to forecast maintenance requirements and optimize routes, which lowers costs while improving safety and dependability.
 

The aviation cloud business is starting to rely on the Internet of Things (IoT). Aircraft are seeing a large-scale deployment of IoT devices and sensors to monitor systems and collect data on a variety of metrics, including engine performance, fuel consumption, and environmental conditions. This data is sent to cloud platforms so that it may be instantly evaluated and used. Enhanced safety protocols, better in-flight amenities, and more effective fleet management are all made possible by the growth of linked aircraft capabilities. The aviation sector is investing heavily in cloud solutions with IoT capabilities due to this trend.
 

In the aviation cloud industry, digital twin technology—which entails building a virtual duplicate of actual assets and processes—is becoming popular. Digital twins are used to optimize maintenance schedules, forecast possible problems, and simulate and assess aircraft performance. Digital twins can interpret enormous volumes of data from numerous sources by utilizing cloud computing, giving an accurate and dynamic picture of an aircraft's condition. Digital twins are an essential tool for the aviation industry as they assist airlines minimize downtime, increase operational efficiency, and prolong the life of their aircraft.

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

Global industry size for aviation cloud was valued at USD 5.6 billion in 2023 and is anticipated to register over 15% CAGR between 2024 and 2032, driven by its enhanced operational efficiency and improved passenger experience.

The hybrid segment in the aviation cloud market is expected to register 20% CAGR through 2032 due to their ability to balance data control and operational flexibility for optimizing costs and resources while ensuring real-time data availability and enhancing decision-making processes.

North America market held 35% revenue share in 2023 due to the presence of advanced technological infrastructure, high level of cloud adoption, and emphasis on innovations and efficiency within the aviation sector.

Microsoft Corporation, IBM Corporation, Amazon Web Services, Oracle Corporation. Google, and SAP SE, among others.

Aviation Cloud Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 218
  • Countries covered: 20
  • Pages: 210
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