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Digital Transformation in Aviation Industry: Introduction

  • Digital transformation in aviation industry is growing at a high rate, with increase in competition among players in the aviation industry
  • Use of digital technologies provides a competitive edge to users and ensures business growth
  • Digital transformation in aviation industry has resulted in increased process automation and improved service speed. Furthermore, it has helped the airlines to offer personalized service to the clients.
  • Digital transformation in aviation industry is not an option anymore, it is a necessity. Aviation industry has been at the forefront of adopting digital technologies. However, with continuous increase in passenger traffic and need for cost reduction, demand for digital transformation in aviation industry is expected to increase further at a rapid pace, in the next few years.
digital transformation in aviation industry

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Key Drivers of Digital Transformation in Aviation Industry

Cutthroat Competition among Market Players in Aviation Industry to Boost Digital Transformation in Aviation Industry

  • One of the most important drivers of the digital transformation in aviation industry is increased competition among airlines. Number of airlines is continuously increasing. According to IATA (International Air Transport Association), nearly 1300 new airlines were introduced in the last 40 years, across the globe.
  • Increase in number of airlines leads to increased cost-based competition. Airlines are making efforts to offer improved and differentiated services to the passengers, in order to differentiate themselves from their competitors.
  • The usage of digital technology is expected to increase at a high rate in the next few years, owing to fast and personalized services offered by digital transformation

Rise in Passenger Traffic in Developing Countries to Increase Digital Transformation in Aviation Industry

  • Another factor expected to fuel the demand for digital transformation in aviation industry, is the continuously growing passenger traffic, especially in developing countries
  • Countries such as India, China, and Indonesia are witnessing significant growth in the passenger traffic due to increased disposable income and improved standard of living. Airlines operating in these countries are making efforts to reduce their operational cost and provide efficient services. This growth in passenger traffic is expected to propel the digital transformation in aviation industry.

North America to Dominate Digital Transformation in Aviation Industry

  • North America is expected to account for notable share of the digital transformation in aviation industry
  • This dominance is primarily due to the large aviation industry in this region. The airlines in this region have already adopted digital technologies, and are also looking for further digital transformations.
  • The market in the U.S. is projected to expand at a considerable pace during the forecast period, which in turn, is anticipated to drive the digital transformation in aviation industry in North America

Digital Transformation in Aviation Industry in Asia Pacific to Expand Significantly

  • The digital transformation in aviation industry is expected to expand at a significant rate in Asia Pacific due to the continuous increase in passenger traffic. Furthermore, rise in number of airlines in this region is expected to drive the demand for digital transformation in aviation industry to a great extent in the near future.
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Digital transformation in aviation industry: Competitive Landscape

The top five players are expected to account for 20% to 25% share of the global digital transformation in aviation industry. Key players operating in the global digital transformation in aviation industry include:

  • Aeronet Aviation Software Solutions
  • Cincom Systems, Inc.
  • Complete Aviation Solutions Pty Ltd
  • Intersystems Group
  • Proavos Labs
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Global Digital Transformation in Aviation Industry: Research Scope

Global Digital Transformation in Aviation Industry, by Component  

  • Hardware
  • Software
  • Services

Global Digital Transformation in Aviation Industry, by End-user

  • Airline
  • Airport
  • OEMs
  • Others

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.


Digital Transformation In Aviation Industry

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