The global helicopter aeronautical software market size is projected to experience sterling expansion owing to the increasing usage of helicopters in various applications, states Fortune Business Insights in its report, titled “Helicopter Aeronautical Software Market, 2023-2030”.
Aeronautical software is the software that provides operational support to the airlines, airports, and other aviation service providers and also manages the airline fleets. The helicopter is widely used in several applications across the world such as emergency medical services, transportation of goods, oil and gas, corporate services, and others. Thus, there is a high demand for aeronautical software from numerous industries, which is one of the major factors responsible for this market’s growth. Further, there is an increasing adoption of advanced technologies such as Internet of Things (IoT), Artificial Intelligence (AI), cloud services, and others by the aeronautical software service providers which has resulted in the improvement of accuracy, reliability, and performance of such software. This is also an important factor contributing this market’s growth. However, the lack of configuration and compatibility of the aeronautical software with the hardware systems is projected to restrict the growth of this market.
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List of Key Players Covered in Helicopter Aeronautical Software Market Report:
- Abaco Systems Inc.
- Aspen Avionics Inc.
- Avidyne Corporation
- L3Harris Technologies Inc.
- Sandia Aerospace Corporation
- ASB System Private Limited
- Campbell Scientific Inc.
- Collins Aerospace
- Dassault Systems
The COVID-19 pandemic has had a severe impact on the industries and businesses worldwide. Further, due to the rising lockdown restrictions and social distancing norms, the demand for helicopter aeronautical software has declined during this pandemic and the leading companies in this market have incurred huge losses due to the travel restrictions being imposed all over the world, posing challenges for the key companies in this market.
On the basis of platform, this market is divided into helicopter and heliports/helipads. Based on application, the market is classified into emergency medical services, transportation, search and rescue, oil and gas, corporate services, homeland security, and others. By offering, the market is categorized into Electronic Flight Display (EFD) software, application based software, PC/Desktop software, and mobile software. Based on end use, the market is divided into private operator and fleet operator. In terms of geography, the market is clubbed into North America, Europe, Asia Pacific, and the rest of the world.
Increasing Usage of Helicopters in Search and Rescue Operations to Fuel the Market
The helicopters can act as useful means of transport in the search and rescue operations during natural calamities or during a war situation for rescuing the troops to safe places. This is one of the crucial driving factors responsible for this market’s growth. Further, the helicopter aeronautical software plays an important role in providing real time information to the pilots and helps to generate the reports based on the data accumulated in the software. This is another major reason projected to drive this market’s growth.
Rising Number of Helicopter Fleet to Propel the North America Market Growth
North America region is expected to dominate the helicopter aeronautical software market share on account of the increasing number of helicopter fleet in the countries such as the US. Further, the growing IT industry and the increased expenditure on research and development of aeronautical software is responsible for fuelling this market in this region.
Asia Pacific region is projected to grow speedily in this market due to the surging number of helicopter operators in the countries such as India, China, Japan, and others.
Europe is expected to grow at a steady pace in this market on account of the growing research activities in order to develop high quality software for the helicopter operations.
Development of User-Friendly and Reliable Aeronautical Software by Key Players to Boost Competition
The leading companies in the helicopter aeronautical software market are focusing on developing user-friendly and reliable aeronautical software that provides accurate data to the pilots during helicopter operations. This has resulted in the increased competition among key players which will help them to diversify their portfolio and strengthen their market position.
February 2020: Honeywell International Inc. launched phase 8 avionics. The firm is upgrading the primus epic cockpit on the Leonardo AW139 with the latest features including a track-based synthetic vision system.
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