Global $3 Bn Aviation Analytics Market to 2025 with Oracle, General Electric, Lufthansa Technik, SAP, and IBM Dominating
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The worldwide aviation analytics market is projected to grow from USD 1.7 billion in 2020 to USD 3 billion by 2025, at a CAGR of 11.5% from 2020 to 2025.
The increasing modernization of aircraft fleet to increase efficiency and reduce aircraft downtime is the key factor that is expected to fuel the growth of the aviation analytics market. However, lack of expertise that restrain the adoption of aviation analytics hurdle the growth of this market.
The aviation analytics market includes major players Oracle Corporation (US), General Electric (US), Lufthansa Technik (Germany), SAP (Germany), and IBM (US). These players have spread their business across various countries includes North America, Europe, Asia Pacific, Middle East and the Rest of the World. COVID-19 has impac