Digital Aviation Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Digital Aviation Market
The digital aviation market size was valued at USD 34.53 billion in 2021, and the market is now projected to grow from USD 37.92 billion in 2022 to USD 65.11 billion by 2029, exhibiting a CAGR of 8.03% during the forecast period of 2022-2029.
The pandemic hindered the digital aviation market growth due to the sudden decline in passenger air traffic. The worldwide travel market remained below pre-COVID-19 levels in spite of massive vaccination efforts. Hence, consequently there was a drastic reduction in aircraft grounding, maintenance requirements that adversely affected the demand for the digital solutions and services domain. In addition, the pandemic has caused financial damage all over the aviation value chain and has hampered the market growth.
The digital aviation market share globally has increased due to growing Artificial intelligence (AI) technology and software for airline management. AI and its integrated technologies that make sets of data can streamline and automate analytics, machine maintenance, customer service and many other internal processes and tasks. Furthermore, the adoption of AI-powered systems and solutions in the airline business significantly reduces operating and overhead costs by optimizing their fleets and operations.
The latest trend is the increasing adoption of integrated cloud based data sharing platforms between airlines and MRO service providers are propelling the market growth. Conventionally, workflows are generally contained and managed in paper assets which lead to huge delays in data acquisition, compliance management transparency, and aircraft availability forecasting. Seamless data integration between different sectors in the aviation industry such as MROs and airlines are inclined to integrate cloud data sharing technology to succeed and increase the performance at lower cost.
Comprehensive Analysis of Digital Aviation Market
The digital aviation market and aerospace & defence industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the aerospace & defence industry. These segmentations are methodically segregated by types of solution, application, connectivity, platform, and end-user. The solutions involve software and service. The applications are aircraft systems, airport information systems, maintenance operations, air traffic management, aircraft health monitoring, passenger services, and others. The connectivity includes satellite connectivity and cloud connectivity. The platforms are commercial & civil, military, and general aviation. The end-users are airline operators, MROs, airport operators, and OEMs.
The North American region is conducive to the global digital aviation market, leading to a recall of USD 9.48 billion owing to the maximum number of airlines and MROs in the region and more aviation products and aircraft manufacturers that facilitate excellent market growth.
The top players in the market play a crucial role in the aerospace & defence industry assuring industrial prospectus growth and setting market standards. These players include The Boeing Company (U.S.), Airbus SE (France), GE Aviation (U.S.), IBM Corporation (U.S.), SITA Aero (Switzerland), Collins Aerospace (U.S.), Oracle Corporation (U.S.), Ramco Systems Limited (India), ATP Inc (U.S.), and Swiss Aviation Software (Switzerland), these market players present a level-playing competitive landscape.
In October 2022, El Dorado International Airport (BOG) integrated A-CDM and became the first Latin American airport. The technology minimizes interference and advances the management of the path and flow of air traffic through increased collaboration between stakeholders.
Segmentation Table
Global Digital Aviation Market Scope
ATTRIBUTE
DETAILS
Study Period
2018-2029
Base Year
2021
Estimated Year
2022
Forecast Period
2022-2029
Historical Period
2018-2020
Unit
Value (USD Billion)
Segmentation
By Solution, Application, Connectivity, Platform, End-user, and Geography
By Solution
Software
Services
By Application
Aircraft Systems
Airport Information Systems
Maintenance Operations
Air Traffic Management
Aircraft Health Monitoring
Passenger Services
Others
By Connectivity
Satellite Connectivity
Cloud Connectivity
By Platform
Commercial & Civil
Military
General Aviation
By End-user
Airline Operator
MROs
Airport Operators
OEMs
By Geography
North America (By Solution, Application, Connectivity, Platform, End-user, and Country)
- U.S. (By Platform)
- Canada (By Platform)
Europe (By Solution, Application, Connectivity, Platform, End-user and Country)
- U.K. (By Platform)
- Germany (By Platform)
- France (By Platform)
- Russia (By Platform)
- Rest of Europe (By Platform)
Asia-Pacific (By Solution, Application, Connectivity, Platform, End-user, and Country)
- China (By Platform)
- Japan (By Platform)
- India (By Platform)
- Australia (By Platform)
- Rest of Asia Pacific (By Platform)
Middle East (By Solution, Application, Connectivity, Platform, End-user, and Country)
- UAE (By Platform)
- Saudi Arabia (By Platform)
- Qatar (By Platform)
- Rest of Middle East (By Platform)
Rest of the World (By Solution, Application, Connectivity, Platform, End-user, and Country)
- Latin America (By Platform)
- Africa (By Platform)
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