The Latin America, Middle East and Africa Aviation Analytics Market would witness market growth of 15.3% CAGR during the forecast period (2022-2028).
In order to help airports, airlines, and other aviation, stakeholders better their operational planning & execution in addition to any connected products and services, data analytics in aviation is used to analyze the massive quantity of data created every day. Aviation data today comes from many different sources and frequently lacks the standardization, homogeneity, and fault controls needed for effective incorporation into a single analytics platform.
A simple review of the pertinent literature reveals a developing field that considers data mining and collection carefully but encounters significant challenges when trying to scale up and integrate data sources. Several aviation sector participants have created their own unique isolated solutions to address this dilemma, which may enhance specific procedures but fall short of addressing the bigger picture.
Presently, the adoption of big data analytics as well as technologies has made it simpler to gather and process huge data. At the same time, the expanding application of machine learning methods has led to sophisticated predictive analytics, which extracts trends as well as insights from heterogeneous data sources in order to meet modern operational requirements.
A significant portion of the UAE's economy comes from the civil aviation industry. The International Air Transport Association (IATA) estimated that in 2019, before the pandemic, the aviation transport industry supported close to 800,000 jobs and contributed $47.4 billion to the annual Gross Domestic Product ($19.3 billion from airlines and their supply chains and over $28 billion from the aviation-supported foreign tourism sector), which is equivalent to 13.3% of the UAE's GDP. Despite being severely impacted by the pandemic, the aviation industry is recovering and continues to be a vital part of the overall economy.
The Brazil market dominated the LAMEA Aviation Analytics Market by Country in 2021; thereby, achieving a market value of $98.3 million by 2028. The Argentina market is exhibiting a CAGR of 15.9% during (2022 - 2028). Additionally, The UAE market would showcase a CAGR of 15% during (2022 - 2028).
Based on Business Function, the market is segmented into Sales & Marketing, Finance, Maintenance, Repair & Operations, and Supply Chain. Based on End User, the market is segmented into Airlines, Airports, and Others. Based on Component, the market is segmented into Services and Software. Based on Application, the market is segmented into Customer Analytics, Flight Risk Management, Fuel Management, Revenue Management, Inventory Management, and Navigation Services. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Aviation Analytics Market is Predict to reach $5.6 Billion by 2028, at a CAGR of 11.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include SAP SE, Oracle Corporation, IBM Corporation, General Electric (GE) Co., Ramco Systems Limited, Accelya Group (Vista Equity Partners), SAS Institute, Inc., OAG Aviation Worldwide Limited, IGT Solutions Pvt. Ltd. and Mu Sigma, Inc.
By Business Function
By End User
By Component
By Application
By Country
Unique Offerings Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
