Aspect-Based Sentiment Analysis (ABSA) of app reviews allows a better understanding of user preferences regarding specific product features and helps the development team elicit requirements effectively. The existing literature faces challenges such as limited focus on the automation of Requirement Elicitation (RE), insufficient task-specific fine-tuning of models such as Bidirectional Encoder Representations from Transformers (BERT), and lack of interpretability owing to the black-box nature of these models. Therefore, our work makes the following significant contributions to address these challenges: (1) development and evaluation of a robust method based on ABSA for the automation of the RE process; (2) optimization of ABSA using BERT fine-tuning for enhanced performance, which includes conducting a comprehensive ablation study to obtain the best hyperparameters that guarantee the best model performance and robustness; and (3) integration of Explainable Artificial Intelligence (XAI) techniques for enhanced BERT model interpretability. Our work was evaluated on the ABSA Warehouse of Apps REviews (AWARE) dataset, a specifically tailored dataset for the RE process. Our study outperformed baseline models such as the Support Vector Machine (SVM), Convolutional Neural Network (CNN), and BERT, and achieved an average F1-Score of 0.83 for the Aspect Category Detection (ACD) task and 0.94 for the Aspect Category Polarity (ACP) task. In addition, we employed XAI using Locally Interpretable Model-Agnostic Explanations (LIME) to explain the BERT model prediction results, which aids in the improved visualization and interpretability of the app review analysis for the automated RE process.