Global Commercial Aviation Crew Management System Market: Aviation Industry Sets Top Priority for Real Time Data Analysis, Says TMR
A largely consolidated global commercial aviation crew management system market awaits for new entrants, where Sabre Corporation, Lufthansa Systems, Jeppesen Sanderson, Inc., and AIMS Corporation have held the top spots over the recent past. Their collective share of market revenue in 2014 was summed up to 64%, leaving not much room for regional players and new entrants.
According to a research report released by Transparency Market Research, the degree of competition in the global commercial aviation crew management system market is expected to increase sharply over the coming years, thanks to the growing rate of adoption of software and technology upgrades by clients of all sizes. The market is also experiencing a strong wave of mergers and acquisitions. This consolidation of the market will allow the larger players to compete on higher scales with each other. The global commercial aviation crew management system market is expected to reach US$4.38 bn before the end of 2023. It is projected at a healthy CAGR of 8.8% within a forecast period from 2015 to 2023, in terms of revenue.
Software is Still King for Crew Management System Upgrade Chain
The aim that airlines commonly follow is to increase the efficiency with which they are planning communicating, tracking, and scheduling crew members and flights daily. All members in the aviation industry will always be looking out for the best addition to their existing technologies and processes in order to reduce contingencies and accidents as well as reduce the scope for human error. One way a lot of airlines are achieving this is a consistent upgrade on their software. With hardware, software, and services being the three generalized types in the global commercial aviation crew management system market, the market has so far been flat out dominated by software in terms of revenue shares. In 2014, software took up 62.4% of the market’s globally earned revenue.
Over the coming years, software are expected to remain the dominant segment in the global commercial aviation crew management system market owing to the importance given to software iterations and the ease with which they can be newly implemented regularly. Hardware, on the other hand, is expected to lose share over time to software and services.
Real Time Calculations of Paramount Importance for Aviation
“One of the earliest known and still strong factors of growth for the global commercial aviation crew management system market is the intense demand for real time data calculation methods. In fact, the impact of this demand is expected to remain high for a long time. Advanced mathematical models and computer-based algorithms are giving a solid foundation for a lot of the successful software in the market today,” states a TMR analyst. In addition to this, the aviation industry is also looking for a greater degree of real time data availability and data consistency.
Training Expenses Scale up with Component Complexities for Aviation Crew Management
The top factor that needs to be addressed in the global commercial aviation crew management system market at the moment is the increasingly complex nature of hardware, software, and even services. Clients are getting increasingly concerned over the number of skilled workers that they need to hire, as well as the overall cost of maintenance of hardware as well as software. This has already deterred many smaller players from utilizing the advancements in the global commercial aviation crew management system market. It is also taking a toll on the larger players after the recent economic crisis and an overall lack of skilled labor.
“One of the ways players in the global commercial aviation crew management system market are trying to combat this is by trying to build a singular software bundle that encompasses an end-to-end crew management solution for airlines. This will not only make it a lot easier on airlines in terms of searching for the right combinations of hardware, software, and services, but will also encourage greater investments in the market for the longer run,” adds the analyst.
The information presented in this review is based on a Transparency Market Research report, titled, “Commercial Aviation Crew Management System Market, By Type - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.”
Key segments of the Global Commercial Aviation Crew Management System Market
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
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
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