The aviation analytics market is projected to grow from USD 2.5 billion in 2022 to USD 4.7 billion by 2027, at a CAGR of 13.0% from 2022 to 2027. Some of the factors that are expected to fuel the growth of the aviation analytics market include the increasing focus on analytics solutions and competitive intelligence to increase profitability of aviation business and increasing customer centricity in aviation industry.
IBM Corporation (US), IFS (Sweden), Ramco Systems (India), Oracle Corporation (US), SAP (Germany), Swiss AviationSoftware (Switzerland), Lufthansa Technik (Germany), General Electric (US), Capgemini (France), and Honeywell (US) are some of the leading players operating in the aviation analytics market. These players offer wide range of aviation analytics solutions that focus on functions including wealth management and sales & marketing among others. Various growth strategies such as contracts, acquisitions, expansions, new product launches, and partnerships & agreements are being adopted by the leading players to further expand their presence in the aviation analytics market.
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IBM Corporation has taken various strategic initiatives to strengthen its operations and increase its returns. For instance, in 2019, the company formed a strategic partnership with Hitit, Turkey, for its airline business continuity. Under this new agreement, Hitit would adopt IBM’s public cloud infrastructure, including availability zones, to serve as the primary back-up to its on-premises data center for resiliency and disaster recovery. IBM’s hybrid cloud strategy provides continuous availability of critical applications and uninterrupted services.
In February 2021, IBM Corp. and Delta Air Lines have announced a multi-year partnership under which IBM will assist Delta in moving to the public cloud. IBM would offer technological and business technical expertise. By transforming Deltas computing environment to run on a hybrid cloud architecture built on Red Hat OpenShift, IBM will make it possible to develop, secure, and operate applications across clouds using a standardized methodology.
The company’s solution offering in terms of aviation analytics is primarily limited to the North American region. This limited geographical presence has proven to be an inadequacy for the company to become an industry leader in the aviation analytics sector.
There are gaps in the aviation analytic solutions and products offered by the company, which can be easily exploited by competitors and technologically driven startups, thus impacting the fulfillment of customer requirements and commitment.
In May 2022, Oracle declared in May 2022, that it has signed a contract to buy Adi Insights. Leading supplier of workforce management systems is Adi Insights. Suite People, NetSuites human resource management system, will gain overtime management, time capture, demand forecasting, and shift scheduling capabilities because of the acquisition.
The company offers its solutions through various key business segments, such as Maintenance & Overhaul, Engines, Components, VIP Aircraft, Original Equipment Innovation, and Landing Gear Services. The company serves around 800 global customers, including civil and commercial airlines, aircraft leasing companies, VIP jet operators, and government-operated aircraft. The company operates through 54 direct and indirect subsidiaries as well as several affiliates located in Europe, Asia, and North America.
In December 2021, TAP Air Portugal and Lufthansa Technik AG agreed that AVIATAR would provide digital support for the airlines complete Airbus fleet. TAP Air Portugal will leverage AVIATARs products, including Condition Monitoring, Event Analytics, and Fleet Map, to digitally optimize its aircraft operations and realize cost savings. The airline also accepts the role of development partner for upcoming online platform solutions.
Aviation Analytics Market by Component (Services, Solutions), Deployment (On-premises, Cloud), Application, End-User (MROs, Airlines, Airports, OEMs), Business Function, Region (North America, Europe, APAC, RoW) - Global Forecast to 2027
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