Market Share of Aviation Analytics Industry
The aviation analytics market is consolidated with prominent players owning the major percentage of market shares, such as IBM Corporation, IFS, Honeywell International Inc., L3Harris Technologies, Inc., and GE Digital (General Electric Company). The intensity of rivalry is high among them, mostly for obtaining long-term contracts with big players in the aviation industry. These players offer a wide range of aviation analytics solutions that focus on functions including wealth management and sales & marketing, among others. Various growth strategies such as contracts, acquisitions, expansions, new product launches, and partnerships & agreements are being adopted by the leading players to further expand their presence in the aviation analytics market. For instance, in December 2021, TAP Air Portugal and Lufthansa Technik AG agreed that AVIATAR would provide digital support for the airline's complete Airbus fleet. TAP Air Portugal will leverage AVIATAR products, including condition monitoring, event analytics, and fleet maps, to digitally optimize its aircraft operations and realize cost savings.
Aviation Analytics Market Leaders
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IBM Corporation
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IFS
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L3Harris Technologies, Inc.
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Honeywell International Inc.
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GE Digital (General Electric Company)
*Disclaimer: Major Players sorted in no particular order
