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Aviation Analytics Market Size, Growth & Global Report [2028]

Aviation Analytics Market Size, Growth & Global Report [2028] | Praj Nene | Scoop.it
The global aviation analytics market is projected to grow from $2.02 billion in 2021 to $4.36 billion in 2028 at a CAGR of 11.58% in forecast period, 2021-2028
Praj Nene's insight:
The global aviation analytics market size is anticipated to hit USD 4.36 billion by 2028 and exhibit a CAGR of 11.58% during the forecast period. Airlines' growing adoption of aviation analytics for cost saving is anticipated to bolster market growth. Fortune Business InsightsTM has presented this information in its report titled “Aviation Analytics Market, 2021-2028”. According to the report, the market size stood at USD 1.93 billion in 2020 and USD 2.02 billion in 2021. Report Summary: https://www.fortunebusinessinsights.com/aviation-analytics-market-102101 List of Key Market Players: Airbus (France)po Boeing (U.S.) Collins Airspace (U.S.) General Electric (U.S.) Honeywell International Inc. (U.S.) IBM (U.S.) L3Harris Technologies Inc. (U.S.) Oracle (U.S.) SAP SE (U.S.) COVID-19 Impact- The sudden coronavirus outbreak has severely hampered the growth of several markets and industries. The aviation industry suffered a drastic impact from the coronavirus pandemic. Several countries' cancellations of flights and air travel bans have affected the market growth. The high unemployment due to lay-offs has created havoc in the industry. The market is currently recovering with the introduction of vaccines and is likely to prosper in the coming years.
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Scooped by Praj Nene
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Aviation Analytics Market Size, Growth & Global Report [2028]

Aviation Analytics Market Size, Growth & Global Report [2028] | Praj Nene | Scoop.it
The global aviation analytics market is projected to grow from $2.02 billion in 2021 to $4.36 billion in 2028 at a CAGR of 11.58% in forecast period, 2021-2028
Praj Nene's insight:
The global aviation analytics market size is anticipated to hit USD 4.36 billion by 2028 and exhibit a CAGR of 11.58% during the forecast period. Airlines' growing adoption of aviation analytics for cost saving is anticipated to bolster market growth. Fortune Business InsightsTM has presented this information in its report titled “Aviation Analytics Market, 2021-2028”. According to the report, the market size stood at USD 1.93 billion in 2020 and USD 2.02 billion in 2021. The Aviation Analytics market refers to the use of data analysis tools and techniques to improve various aspects of the aviation industry, such as flight operations, passenger experience, safety, and maintenance. This market is driven by the increasing need for efficient operations and cost optimization, as well as advancements in data analytics technologies. Segmentation- Function, Application, Product, End-use, and Region are studied for the Market On the basis of function, the market is fragmented into sales & marketing, operations, finance, and others. On the basis of application, it is segmented into navigation service, customer analytics, flight risk management, fuel management, and others. On the basis of product, it is bifurcated into solutions and services. On the basis of end-use, it is categorized into OEM and aftermarket. Geographically, it is studied across North America, Middle East, Europe, Asia Pacific, and the Rest of the World. Browse In-depth Summary of This Research Insight: https://www.fortunebusinessinsights.com/aviation-analytics-market-102101 Report Coverage- The report delivers detailed insights about key developments such as mergers, partnerships, and acquisitions by prominent players in the market. The report offers information on the latest technological advancements, drivers, and restraining factors of the industry. The report consists of the effects of COVID-19 on the market.
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