Commercial Aviation Crew Management System Market Set to Exhibit Momentous Revenue Share at USD 2.35
The crew management system market is projected to grow from an estimated USD 1.31 Billion in 2017 to USD 2.35 Billion by 2022, at a CAGR of 10.19% from 2015 to 2023
[UKPRwire, Fri Apr 12 2019] Commercial aviation crew management system include different operational systems which perform functions such as crew manifest, crew manning, sick, vacation, and absence management, training, special capability and credentials and contract rules management among others. The escalation of global air traffic and increasing need for system upgradation in order to manage crew and employees are positively influencing the growth of the market for crew management systems. The global market for Commercial Aviation Crew Management System is chiefly driven by concerns to improve operational efficiency and increasing need for real time data which facilitates in swift decision making.
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Additionally, the market for commercial aviation crew management system is experiencing a positive push fuelled by the expanding airlines fleet worldwide, which compel the airlines, airport authorities, service providers and others in deploying more crew and maintaining competitive standards of operation. Considering the trends of the above mentioned factors, the market for commercial aviation crew management system is estimated to be growing at a significant pace globally. Major research and development initiatives undertaken by the government and non-government organizations in various nations worldwide are expected to further boost the market during the forecast period and offer new opportunities for the aviation IT solution providers.
The expanding network capacities especially in the emerging nations of Asia Pacific, Middle East and Africa are expected to generate further demand in commercial aviation crew management system market over the forecast period. Fuelled by the rapidly transforming global aviation industry, the airlines are continually adopting enhanced technological systems in order to modernize and upgrade operational processes and reduce additional cost. Moreover, the implementation of crew management systems facilitates the airlines and other buyers in optimizing the operational resources including human workforce. However, the economic turmoil in various countries globally and the high expense of installation, training and maintenance of crew management systems are currently hindering the growth of this market. The impacts of these factors are expected to reduce during the forecast period from 2015 to 2023.
In this report, the market has been segmented on the basis of type and geography. It also includes market drivers, restraints and opportunities (DROs). The study highlights current market trends and provides the forecast from 2015 to 2023, along with the market size for 2014. The report covers the current market scenario for commercial aviation crew management system and highlights future trends that could affect the demand for the same. The global commercial aviation crew management system market is estimated to maintain a steady growth rate from 2015 to 2023 at a significant CAGR.
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Based on geography, the market has been segmented into North America, Europe, Asia Pacific (APAC) and Rest of the World (RoW). The report includes the market size for commercial aviation crew management system in 2014 and forecast till 2023 of 10 countries. Based on segmentation by type, the market has been categorized into software, hardware and services. The global market size and forecast from 2015 to 2023 have been provided in the report along with cross country analysis by crew management system type.
Analysis of macroeconomic factors influencing and inhibiting the growth of the global commercial aviation crew management system market has been covered under the scope of the study. The market attractiveness analysis provided in the report, highlights the major areas for investing in the global commercial aviation crew management system industry. The report is intended to help aviation IT solution providers; airport authorities, service providers, governments and airlines among others in understanding the present and future trends in commercial aviation crew management system market and formulate their business strategies accordingly.
This study includes the profiles of key players in the commercial aviation crew management system market and the strategies adopted by them to sustain in the growing competitive scenario. Recent developments by the key players in the market are expected to help the emerging players to design their strategies in an effective manner. The study is expected to help key players in the market and governments across the world to formulate and develop new strategies related to commercial aviation crew management systems. The major global crew management system suppliers include Sabre Corporation, Hexaware Technologies Ltd., AIMS Corporation, IBS Software Services, Hitit Computer Services, Jepessen Sanderson, Inc., Lufthansa Systems, Prolog Development Centre A/S and BlueOne Management S.A. /N.V. among others.
Global Commercial Aviation Crew Management System Market, 2015 - 2023: By Type
Global Commercial Aviation Crew Management System Market, 2015 - 2023: By Geography
- North America
- Rest of Europe
- Asia Pacific (APAC)
- South Korea
- Rest of APAC
- Rest of the World (RoW)
- Middle East
- South America
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