Forecasting the aviation market requires analyzing a blend of macroeconomic drivers, such as ticket and traffic volumes, fuel prices, regulatory environment, and technological advancements can affect passenger demand, airline profitability, and overall market dynamics.
Assessing and anticipating these factors is vital for understanding market volatility and its impact on the aviation industry.
Time taken to
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No. of leading
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MAPE
forecast
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Use cases
Accurately forecast demand months ahead with improved forecasting accuracy
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01
Get an accurate overview of where demand is headed
No more puzzling together different sources of intelligence.
Instead, use one tool to forecast demand for all your end markets.
Build demand forecasts in a few clicks, and easily update them.
02
Identify the leading indicators relevant to your market
With seamless access to multiple data sources in Indicio, easily identify which leading indicators have the most bearing on your main variable (demand or sales).
Get the full picture of the dynamics driving demand.
03
Detect market trend shifts
months ahead
By understanding the demand dynamics of each market,
you gain the ability to detect the market trend shifts related to your industry.
Tracking the trend helps identify the direction and magnitude of fluctuations in new orders, allowing for a better understanding of market conditions and potential future demand.
Unfilled orders represent the backlog of orders that manufacturers have received but have not yet completed or delivered. These orders indicate the level of demand for nondefense aircraft & parts that manufacturers need to fulfil in the future.
This provides valuable information about the international market demand for civilian aircraft, which in turn influences manufacturers' new orders for nondefense aircraft and parts.
Case Study
Challenge
Their primary concern was to ensure that they could quickly adapt and optimize production capacity to meet market trend shifts. To do so, they required accurate forecasts of their sales volumes. However, this was not the case.
Solution
Using Indicio, they've now been able to identify new and stronger market leading indicators, improving forecast accuracy and their ability to detect market trend shifts.
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