Industry Background:
Big Data analytics is extensively changing the outlook for the aerospace and defence industry, economically, strategically, and operationally. Big Data has capabilities to maximize the business potential of data collection and analytics for the benefits of the aerospace and defence industry. Also, enhance the passenger experience as well as have an optimized environment. The use of big data for predictive maintenance, vehicle tracking, route planning, and real-time performance checking has increased the adoption of big data in the aerospace and defence industry. This has majorly driven the market growth and is anticipated to boost the market size in upcoming years.
According to AMA, the market for Big Data in Aerospace and Defence is expected to register a CAGR of 4.6% during the forecast period to 2026. This growth is primarily driven by Growing Need To Analyze High Volume Data and Increasing Demand for Real-time Tracking Of Vehicle.
Globally, a noticeable market trend is evident Increasing Number of Connected Devices. The Aerospace & Defense sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as Accenture (Ireland), Airbus Defense and Space (Munich), IBM (United States), Teradata Corporation (United States), Amazon (United States), Microsoft Corporation (United States), Google (United States), Cisco Systems (United States), SAS Institute (United States) and SAP SE (Germany) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In October 2018, IBM Corporation completed the acquisition of RedHat, Inc. to expand its cloud landscape and become world's top hybrid cloud provider. This acquisition will enable companies to securely move all business applications to the cloud and will strengthen IBM’s market position in analytics business.
On June 13, 2019 – The aerospace and defense (A&D) industry will be more affected by artificial intelligence (AI) than by any other major emerging technology over the next three years, according to Aerospace & Defense Technology Vision 2019, the annual report from Accenture that predicts key technology trends likely to redefine business. The study also underscores the growing importance of reskilling programs as a competitive lever.
Market Drivers
- Growing Need To Analyze High Volume Data
- Increasing Demand for Real-time Tracking Of Vehicle
Market Trend
- Increasing Number of Connected Devices
Restraints
- Lack of Skilled Workforce and Complexity In Insights Extraction
Opportunities
Real-Time Aircraft Monitoring Using Big Data Platform and Strengthening Regulatory Landscape For Data Protection
Challenges
Structural Barriers And Decentralized Systems
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Big Data in Aerospace and Defence Study Sheds Light on
The Big Data in Aerospace and Defence Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Big Data in Aerospace and Defence industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Big Data in Aerospace and Defence industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.