Aviation Analytics Market

Market Leader - Aviation Analytics Market

The aviation analytics market is projected to grow from USD 1.7 billion in 2020 to USD 3.0 billion by 2025, at a CAGR of 11.5% from 2020 to 2025. 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.

IBM Corporation (US) is one of the leading solutions providers in the space of aviation analytics. The company invests a substantial amount of resources in research & development and technological advancements to offer a comprehensive solution that caters to customer requirements and expectations, which are then integrated at all levels of its services. The company’s strength lies in the availability of technical expertise and resources that contribute to the continuous improvement of its processes and methods. Its extensive capability to invest in aviation contracts and programs through acquisitions, joint ventures, and partnerships allows the company to stand uniquely apart from its competitors.

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In July 2020, IBM Corporation acquired WDG Automation (Brazil). This strategic development is aimed at strengthening IBM’s offerings by incorporating WDG’s advanced AI capabilities in enterprise automation.

Oracle Corporation has been successful in acquiring and aligning complementary technological solution providers through business mergers & acquisitions. The company has achieved substantial success while integrating several technology companies with a wide range of product portfolios in the past few years. This has helped Oracle Corporation to streamline its operations and to build a reliable supply chain. The company invests in developing various innovative solutions and services to cater to the requirements of its customers. Oracle is primarily engaged in developing, selling, and support provision for aviation analytics solutions. The aviation analytics segment delivers solutions for aviation analytics using advance technologies such as blockchain, cloud, etc. In May 2020, Oracle Corporation announced the launch of its new analytics solution, Oracle Fusion HCM Analytics, for HR teams across businesses. The solution helps enhance workforce utilization and boost productivity. The company has also developed Analytics Cloud, Oracle Analytics Server and Oracle Fusion Analytics which helps in providing aviation analytics.

In October 2018, Oracle Corporation entered into a strategic partnership with NVIDIA wherein Oracle would provide technical support for NVIDIA HGX-2 platoform. Oracle would provide access to data science, and AI computing for various aviation business functions.

Lufthansa Technik boasts a strong customer base in digital solutions owing to its wide range of solutions and consulting services that cater to the requirements of its customers. The company has a geographical presence in major markets, including North America, Europe, and Asia Pacific. The company strategizes to form international alliances with technology providers to enables it to widen its offerings as well as open opportunities in new markets. The company has a good geographic reach and channel with over 35 operating subsidiaries and affiliates across Asia Pacific, EMEA, and the Americas.

In April 2019, American carrier JetBlue Airways signed a contract with Lufthansa Technik to avail its new engineering consulting service called Maintwise. The aim of Maintwise is to optimally bundle all aspects of an aircraft maintenance program, taking into account available ground times, customer targets, and framework conditions.

Related Reports:

Aviation Analytics Market by Component (Services, Solutions) Deployment (On-premise, Cloud), Application, End-User (MROs, Airlines, Airports, OEMs), Business Function, Region - Global Forecast to 2025

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Report Code
AS 4364
RI Published ON
12/4/2020
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