The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Aviation Analytics Market Overview:
The sudden outbreak of the COVID-19 has led to unforeseen fluctuations across many industries and the Aviation Analytics Market is no different. Derived from the previous market scenario, the Aviation Analytics Market is likely to witness an impressive CAGR of 15.2% during 2020-25 but with the global crisis in action, the growth curve has deviated from its expected path and exhibits an uncertain trajectory at present.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
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Market Share Analysis
Aviation Analytics Market Share: By Application Type
Based on the application type, the market is segmented as fuel management, flight risk management, revenue management, customer analytics, navigation services, inventory management, and others. The customer analytics subsegment is estimated to register the fastest growth during the forecast period.
Aviation Analytics Market Share: By Business Function Type
Based on the business function type, the market is segmented as finance, operations, supply chain, maintenance & repair, sales & marketing, and others. The finance sub-segment leads the market and is expected to maintain its dominance during the forecast period. However, the sales & marketing segment is estimated to depict the highest growth in the coming five years.
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Aviation Analytics Market Share: By End-User Type
Based on the end-user type, the market is segmented as airlines, airports, and others. The airline sub-segment is expected to portray the highest growth during the forecast period. The growth is owing to the fact that with the support of big data mining and architecture, the airline companies can arrive at an in-depth competitive analysis, which helps the companies to develop business models, such as safety & security risk modelling, engineering & maintenance optimization, demand modelling & forecasting among others.
Aviation Analytics Market Share: By Region
In terms of regions, the APAC region is estimated to witness the highest growth in the aviation analytics market, during the forecast period. The region has been witnessing robust growth in aviation industry over the past few years, chiefly driven by improvement in functional efficiency, rising consumer expectations, and the mounting pressure of reducing costs across regions. This growth can also be attributed to the growing middle-class population coupled with upsurge in trade and tourism in emerging countries, such as India and China. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
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