PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1273604
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1273604
According to Stratistics MRC, the Global Aviation Crew Management System Market is accounted for $2.10 billion in 2022 and is expected to reach $3.82 billion by 2028 growing at a CAGR of 10.41% during the forecast period. A software program that helps an airline manage its crew more effectively is called an aviation crew management system. This system has a number of modules, including ones for performance management, rostering, and crew scheduling. The use of an aviation crew management system by airline operators helps them to maximize their resources and cut costs. For ensuring safe flight operations, crew management systems are essential. These technologies' significance, necessity, and effectiveness in sustaining safe and effective aircraft operations are all widely acknowledged. Airlines are therefore increasingly utilizing these technologies to ensure that crew members have enough downtime in between flights to lessen fatigue.
According to the International Air Transport Association (IATA), the global demand for air travel is expected to grow by 4.1% per year between now and 2034.
The demand for flight safety among passengers is what drives the aviation crew management system market. The improvement in safety is a result of increased air traffic. The introduction of digital solutions, cloud-based services, cutting-edge electronics, and cutting-edge navigational equipment has also significantly contributed to the market's expansion. Key players are also concentrating on R&D for technologies like digital monitoring data. Moreover, the market is being driven by visual recording technology to lower the possibility of human error.
The cost of these systems is the primary barrier to the market. Depending on the system's features and complexity, the price of an aviation crew management system can range from a few thousand dollars to a few million dollars. The market's growth is anticipated to be somewhat constrained by these high costs.
The increasing need for more automated systems to increase operational efficiency is the main factor driving this market. The increase in air travel and growing airline fleets are driving up demand for these systems on a global scale. Furthermore, a significant factor driving the global market is the rise in demand for expert automated systems that enable prompt decision-making. Due to increased research and development efforts made by numerous government and non-government organizations worldwide, this market is expected to expand on a global scale. Due to growing demand from numerous airlines, airport authorities, governments, and airline service providers, this industry is expanding thanks to increased investments. These elements could fuel market growth for aviation crew management systems.
The lack of knowledge among small and medium enterprises (SMEs) about the advantages of these systems is the main barrier to the market for aviation crew management systems. A significant portion of the aviation industry is made up of SMEs, and the lack of awareness is predicted to impede market expansion.
The aviation industry has been greatly impacted by COVID-19. According to the International Air Transport Association (IATA), April saw the lowest passenger demand ever, dropping by 94.3% 2 from the same month last year. When COVID-19 broke out, airlines, aviation organizations, and their staff were unprepared. The majority of international and European airlines have ceased operations or are concentrating on return flights, medical and rescue missions, and cargo flights. The majority of nations have implemented strict quarantine and physical separation regulations. As government and industry restrictions on the aviation sector start to loosen, it is crucial to consistently follow the guidelines established by the relevant industry bodies and authorities to control and manage risks like the COVID-19 pandemic.
During the forecast period, the software segment is estimated to hold the largest market share. The increased demand for cutting-edge on-cloud software solutions is the cause of this growth. With the help of this technology, users can access data on any device, including tablets, laptops, and smartphones. Aviation crew management system apps are used to manage the crew. It is evident that more and more airlines are utilizing cloud computing to boost customer satisfaction and operational effectiveness. Additionally, the use of cloud software is now vital to flight crew operations.
Over the forecast period, the crew operations segment is anticipated to grow at the fastest CAGR. This application of the crew management system is in charge of fusing employee schedules with current flight information to let controllers concentrate on particular things like flight delays brought on by bad weather. Additionally, the crew members who interact with travelers directly play a significant role in determining the customer experience.
Over the predicted timeline, North America is anticipated to have the largest market share. It is anticipated that more airlines entering the market will accelerate the growth of the North American crew management sector. The North American market is expected to have the highest demand for suppliers of crew management systems due to the presence of several globally renowned airlines, including American Airlines, Delta Air Lines, and Southwest Airlines.
The Asia-Pacific region market is expected to witness the highest growth rate over the prediction timeline. Increasing demand for new aircraft in the region has resulted from increased passenger traffic, which is expected to drive the market in this region. Asia Pacific is anticipated to show long-term growth prospects. The growing economy has created a significant demand for travel from countries such as China, India, South Korea, and others. According to IATA, China is expected to become the world's largest aviation market by 2024, surpassing the U.S. Such developments drive the aviation crew management systems market in the region.
Some of the key players profiled in the Aviation Crew Management System Market include: Advanced Optimization System, Inc., AIMS, Inc., Aviolinx, BlueOne Software, CAE Inc., Fujitsu, Hexaware Technologies Limited, Hitit, IBS Software Services Pvt. Ltd., Intelisys Aviation Systems Inc., Jeppesen, LAMINAAR Aviation Infotech Pte. Ltd., Lufthansa Systems GmbH & Co. KG, Maureva Ltd, NAVBLUE, PDC A/S, S.A. Blue One Management N.V. and Sabre Corporation.
In March 2023, CAE announced that the Commonwealth of Australia has awarded CAE Australia Pty Ltd a long-term contract to deliver comprehensive training and sustainment support services under the Australian Defence Force (ADF) Aerospace Simulator Integrated Support and Training (ASIST) program.
In September 2022, Hitit, one of the leading airline and travel technology companies worldwide, added a new partner to its Turkish partners. Hitit, in order to expand its network of agencies, signed a deal with Alabanda which is one of the leaders of corporate travel and event management in Turkish tourism. Within the scope of the agreement, Alabanda will be using the innovative travel merchandising platform Crane TM for five years. Alabanda Tourism will be the first Turkish tourism travel agency to use Hitit's technology.
In August 2022, CAE announced that the Commonwealth of Australia has awarded CAE Australia Pty Ltd a long-term contract to deliver comprehensive training and sustainment support services under the Australian Defence Force (ADF) Aerospace Simulator Integrated Support and Training (ASIST) program.