Market Overview:

The Aviation Analytics Market size is estimated to reach $6.7 Billion by 2030, growing at a CAGR of 10.8% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Aviation Analytics Market - By Business Function (Finance, Operations, Maintenance & Repair, Sales & Marketing, Supply Chain and Others), By Component (Software and Services), By Application (Revenue Management, Inventory Management, Flight Risk Management, Customer Analytics, Navigation Services and Fuel Management), By End User (Airlines, Airports and Others), By Geography - Opportunity Analysis & Industry Forecast, 2024-2030”. 

Increasing preference for air travel is boosting the need for aviation analytics. Additionally, the industry is shifting towards predictive maintenance strategies, where data analytics is used to anticipate potential issues before they occur. This proactive approach minimizes costly unscheduled maintenance, reduces downtime, and enhances operational efficiency. Such factors are driving the growth of the Aviation Analytics market. 

North America Dominated the Market in 2023:

North America accounted for the largest share of 36% of the Aviation Analytics Market in 2023. The presence of top companies in aviation sector, Technological advancements in aviation and the rising preference for air travel are propelling the demand for aviation analytics in this region. For instance, North America’s commercial aircraft services market will grow to US$45 billion from US$31 billion today (a 45% increase) by 2042 according to Airbus’ latest Global Services Forecast (GSF) 2024. Driven by the rise in annual air traffic, fleet growth and the requirement for more digitally-enabled and connected aircraft, the growth in demand for services will be reflected in solutions implemented across all phases of the aircraft from delivery to end-of-life including fleet maintenance, aircraft modernization and training in this region. Additionally, Aircraft connectivity is another strong driver in North America. Currently close to 60% of the North American fleet is connected. By 2042, 90% of the fleet will be connected in real time for better communication with airline operations on the ground, in flight and for maintenance, as well as enhancing the passenger experience, according to Airbus. 
 
Aviation Analytics Market: Key Takeaways 

The Global Rise in Air Travel 

The rise in air travel around the world is driving significant growth in the global aviation analytics market. The International Air Transport Association (IATA) forecasts that global passenger traffic will reach 8.2 billion by 2037. Airlines and airports are focusing on streamlining their operations and enhancing passenger experiences as air travel keeps growing. Airlines are also using aviation analytics to stay competitive in their aviation sector. Aviation analytics is undergoing a transformation because of advanced technologies like machine learning and predictive analytics. Through enabling the process of the gathering, tracking, and evaluation of large datasets, these technologies unleash the potential of data to enhance sustainability, efficiency, and safety in aviation sector. 

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The Need to Improve Airworthiness Management 

The need for various services to enhance airworthiness management is driving the global need for aviation analytics. Airworthiness management, which ensures that aircraft are maintained to the highest standards, is a crucial aspect of aviation safety. Recent advancements in technology and the growing volume of data produced by airplanes have created opportunities for aviation analytics to enhance airworthiness management.  Aviation analytics addresses this issue by providing data-driven insights into aircraft performance, maintenance history, and potential risks. 

Scope of the Report: 

Report Metric

Details

Base Year Considered

2023

Forecast Period

2024–2030

CAGR

10.8%

Market Size in 2030

$6.7 Billion


Segments Covered

By Business Function, By Component, By Application, By End User and By Geography.





Geographies Covered

North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa).





Key Market Players

1.      Airbus

2.      Boeing

3.      GE Aerospace

4.      Honeywell Aerospace Technologies

5.      L3 Harris Technologies

6.      IBM

7.      IFS

8.      RTX

9.      Lufthansa Technik

10.  Oracle Corporation


Recent Developments: 

• In October 2024, Cirium Ascend introduced its Ground Events analytics tool, an innovative addition to the aviation aftermarket that offers the first global view of historical and projected aircraft maintenance events via satellite-based flight tracking. Ground Events enables MROs, OEMs, aircraft parts suppliers, and airlines to access detailed analytics on market share trends, turnaround times, and other strategic insights, covering airframe maintenance, cabin retrofits, and aircraft paint work. 

• In September 2024, Airbus Defence and Space finalised the acquisition of infodas, a German company that provides cybersecurity and IT solutions in the public sector including for defence and critical infrastructures. This acquisition supports Airbus’ strategic ambition to strengthen its cybersecurity portfolio for the benefit of its European and global customers.

• In February 2024, MITRE announced an open-source edition of its Aviation Risk Identification and Assessment (ARIA) software suite, called OpenARIA, aimed at enhancing aviation safety and efficiency with community support. OpenARIA automatically analyzes U.S. airspace data in near-real time, using algorithms to evaluate flight factors like speed, altitude, and trajectory. This analysis enables ARIA to identify potential safety issues, prioritize high-risk situations for further investigation, and streamline the sorting of safety encounters. 

Aviation Analytics Market: Competitive Landscape

Key companies profiled in the Aviation Analytics Market are Airbus, Boeing, GE Aerospace, Honeywell Aerospace Technologies, L3 Harris Technologies, IBM, IFS, RTX, Lufthansa Technik, Oracle Corporation and Others. 

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