The global aviation crew management system market size was USD 1.73 billion in 2020. The market is projected to grow from USD 1.79 billion in 2021 to USD 3.15 billion in 2028 at a CAGR of 8.41% in the 2021-2028 period.
This information is presented by Fortune Business Insights™ in its report, titled, “Aviation Crew Management System Market, 2021-2028.”
According to our experts, the market’s growth accounts for the increasing demand for the crew administration system, leading key players to upsurge their emphasis on financing in R&D activities to develop refined crew management systems. For example, in December 2020, Boeing declared a 10-year contract with Frontier Airlines, a North American transporter, to execute a novel crew series, flight-scheduling, operations gears, among others, to augment airline proficiency.
Flight Postponement Amid Pandemic to Obstruct Market Growth
The pandemic circumstance occasioned stringent government guidelines on air traveling, commercial trading, and business course. The disturbance in the aviation industry owing to the COVID-19 virus outbreak has considerably influenced the aviation crew management system globally. Moreover, decreased air commuter traffic amid the coronavirus outburst has declined the demand for overall aviation crew management systems.
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Russia-Ukraine War Implication
The Russia-Ukraine war could change the market dynamics of Europe forever. The standoff has revived the predicament situation of the Cold War and pushed Europe to the brink of a major military conflict. The Russian aggression in Ukraine has redefined the global landscape in terms of business. As the global market was recuperating from the havoc wreaked by the COVID-19 pandemic, the Russia-Ukraine war has made several industry stakeholders skeptical.
The European Union is pushing for more sanctions against Russia, including halting imports of nuclear fuel from Russia and excluding Russia’s top lenders from the SWIFT banking system. Moreover, Russia has also imposed similar sanctions on most EU countries. The war crisis and sanctions have put a strain on global investment, trade, and economic activity. Therefore, skepticism and uncertainty remain prevalent regarding the conflict, its potential reach, and its longevity. Accordingly, the restoration of normal relations among partners could prove be a sign of improvement.
The report presents a systematic study of the market segments and a thorough analysis of the market overview. The report offers a thoughtful evaluation of the current market trends and future opportunities. Moreover, it presents an exhaustive analysis of the regional insights and how they help form market growth. The COVID-19 impacts have been discussed in the report to assist investors and business owners in better understanding the possible threats present in the market. Further, the report discusses the key players and their prominent strategies to stay in the dominating position.
Based on solution, the global market is segregated into hardware, software, and solution. The software segment is further sub-categorized into on-cloud and server-based. The software segment is anticipated to be the fastest-growing segment during the forecast period. This growth is owing to the growing demand for an unconventional on-cloud software solution.
In terms of application, the market is branched into planning, training, tracking, crew operation, and others.
By geography, the market is separated into North America, Europe, Asia Pacific, the Middle East & Africa, and the Rest of the world.
Drivers and Restraints
Rising Necessity for Improved Flight Security to Thrust Market Growth
This market is powered by the demand for flight protection by air commuters. The upsurge in air traffic demands for enhancement in safety. Moreover, the presentation of digital solutions, advanced electronics, cloud-based services, and progressive triangulation equipment has carried out a principal part of the market’s growth.
Additionally, prominent players present in the market are fixated on the development of R&D activities for technologies such as digital monitoring data. Further, graphic recording equipment targeted at plummeting the jeopardy of human blunder pushes the aviation crew management system market growth.
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North America held the maximum aviation crew management system market share and is projected to dominate the market. The existence of a huge aircraft task force and the best airline operator of the world upsurges government expenditure in the aviation sector, which in turn boosts the market in this region.
Europe is anticipated to observe reasonable growth in the market. The region’s growth is due to an upsurge in air travelers, the acquirement of new aircraft, and the government’s acceptance of novel aviation guidelines.
Asia Pacific is estimated to demonstrate noteworthy growth during the forecast period. The growth is accredited to the increasing economy and substantial demand for air commuting sources from nations such as India, China, and South Korea.
Key Players Set to Implement Advanced Aviation Technologies
Prominent market players believe in drawing efficient tactics to survive in the market and conquer the global industry. Key companies have surged their emphasis on implementing advanced technologies, such as cloud-based software, digital crew management service, and data-driven crew management solutions to enrich their market station for the aviation crew management system.
- January 2020: Aeromexico, which is a Mexican global airline, engaged in an agreement deal with Jeppesen for its Jeppesen crew tracking (JCT) intended for the crew management system. This factor is expected to assist the airline in refining authority and recoverability for flight procedures.
List of Players Covered in this Market Report
- Sabre GLBL Inc. (U.S.)
- Hexaware Technologies Limited (India)
- IBS Software Services PVT. LTD. (India)
- Hitit (Turkey)
- Jepessen (U.S.)
- Lufthansa Systems GmbH & Co. KG (Germany)
- A. Blue One Management N.V. (Belgium)
- PDC A/S (U.K.)
- CAE Inc. (Canada)
- Intelisys Aviation Systems Inc. (Canada)
- AIMS, Inc. (U.S.)
- LAMINAAR Aviation Infotech PTE. LTD. (Singapore)
- NAVBLUE (Canada)
- Advanced Optimization System, Inc. (U.S.)
- Maureva LTD. (Africa)
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