Big Data in Flight Operations Market Market Trends

  • Report ID: 6613
  • Published Date: Oct 29, 2024
  • Report Format: PDF, PPT

Big Data in Flight Operations Market Market Trends

Growth Drivers:

  • Growing use of real-time analytics: Big data analytics continues to be integrated into flight operations for the real-time monitoring of flights and predictive maintenance. With AWS's release in February 2023 of Amazon Kinesis Data Streams, airlines are better positioned to stream data in real time, thereby supporting route optimization and early detection of mechanical issues that can become critical. In addition to that, the increase in cloud computing platforms supports enhanced scaling for processing real-time analytics, which, in turn, strengthens the role of big data in flight operations.
  • Increasing use of AI and machine learning: AI-based integration into flight operations is also a major growth driver, enhancing capabilities for route optimization, fuel efficiency, and maintenance prediction. In September 2023, airlines in Indonesia, such as Lion Air, Batik Air, and Super Air Jet started deploying digital technologies offered by Airbus to expand AI-assisted flight and maintenance efficiency, showing the aviation data management sector's growth of AI. Moreover, AI-powered predictive maintenance at airlines reduces downtime, where the savings are significant enough to contribute to better operational planning.
  • Government investment in aviation modernization: Government organizations are now focusing on upgrading their aviation infrastructure by using modern technologies. This huge investment is likely to spur the growth of big data analytics applications in flight operations, especially as digital monitoring and predictive maintenance are indispensable parts of such developments. In other countries, strategic investments are rolled out to upgrade air traffic management, thus calling for increased demand for data analytics solutions.

Challenges:

  • Privacy concerns: Despite the increasing use of big data in aviation, privacy is one of the major concerns. Governments ensure that no misuse is made of the passenger data collected and used, hence putting brakes on the adoption of big data technologies. In February 2023, for instance, the European Union updated its data protection laws to increase controls on the use of aviation information to seek improved transparency and security for better protection of data. These are some of the regulations that carriers should keep a watchful eye on to balance data usage with privacy to avoid being penalized and also not losing the trust of customers.
  • Data integration complexity: Although there are various data sources from several systems and stakeholders, integration still poses huge challenges at the industry level. Airlines require a huge amount of information streams, starting from flight data, weather reports, and maintenance logs to passenger information. Moreover, due to the multiple systems of airlines and different service providers, unifying a data strategy remains challenging and significantly holds up the efficiency of big data initiatives. The non-standard nature of these systems leads to data silos, which in turn make it incredibly difficult for aviation firms to extract comprehensive and actionable insights.

Big Data in Flight Operations Market: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

9.5%

Base Year Market Size (2024)

USD 4.9 billion

Forecast Year Market Size (2037)

USD 15.9 billion

Regional Scope

  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Author Credits:  Abhishek Verma


  • Report ID: 6613
  • Published Date: Oct 29, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The big data in flight operations market size is USD 4.9 billion in 2024.

The global big data in flight operations market size is valued at US 4.9 billion in 2024 and is anticipated to surpass USD 15.9 billion by the end of 2037, rising at a CAGR of 9.5% over the forecast period, i.e., 2025-2037.

Key players in the market include Oracle Corporation, Amazon Web Services (AWS), Google LLC, IBM Corporation, Microsoft Corporation, Honeywell International Inc., SAP SE, Thales Group, Airbus SE, and Teradata Corporation

The software segment is anticipated to hold a leading share during the forecast period.

North America is anticipated to dominate the industry with a share of 38.5% during the forecast period.
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