Global Commercial Aviation Crew Management Software Market To Reach $ 1.5 Billion By 2024
FACTS AT A GLANCE
Editing: 17; Posted: May 2021
Executive pool: 2487
Companies: 72 – Players covered include Advanced Optimization Systems, Inc .; AIMS Int’l Ltd .; Awery Aviation Solutions; Fujitsu Limited; Hitit IT services; IBS software services; IS A; Jeppesen; Leon Software sp. z oo sp.k .; Lufthansa Systems GmbH & Co. KG; Maureva Ltd .; PDC A / S; Saber aerial solutions. and others.
Blanket: All major geographies and key segments
Segments: Type (main systems, additional systems)
Geographies: World; United States; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia Pacific; Australia; India; South Korea; Rest of Asia Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UNITED ARAB EMIRATES; Rest of Middle East; Africa.
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Global Commercial Aviation Crew Management Software Market to Reach $ 1.5 billion by 2024
Commercial aviation crew management software provides various solutions for crew management functions such as crew planning, training, alignment, pairing and maintenance. Using advanced mathematical algorithms, crew management systems can optimize the operational efficiency of airline crews to ensure compliance with regulatory specifications as well as contractual obligations. The software uses advanced programming to improve crew utilization and allows easy monitoring of various aspects such as fatigue management, watch requirements, alignment and tracking. The ability to control all of these parameters has the potential to dramatically improve operational efficiency and reduce costs. Amid COVID-19 Crisis, Global Commercial Aviation Crew Management Software Market Expected to Reach US $ 1.5 billion by 2024, registering a compound annual growth rate (CAGR) of 6.2% over the analysis period. United States is the largest regional market for commercial aviation crew management software, accounting for an estimated 38.8% share of the global total. The market is expected to reach US $ 580.8 million before the end of the analysis period. China is expected to spearhead the growth and become the fastest growing regional market with a CAGR of 8.1% during the analysis period.
The growth of the global market is mainly due to the rapid growth of the aviation industry. The increase in the number of commercial airlines in operation, the increase in the number of air trips made, the increase in air passenger traffic and the need for efficient use of personnel are driving commercial airlines to adopt CMS solutions. . The advent of new aircraft with zero risk of accidents and zero error rates continues to drive growth. The growing number of workforce in the aviation industry and the need for efficient management of available crews reinforce the importance of crew management. The constant increase in the number of low-cost long-haul flights operated around the world further reinforces the importance of crew management software solutions. One of the notable trends affecting the market is the emergence of mobile applications, due to the increasing proliferation of mobile devices such as smartphones and tablets. Rising airline IT budget allocations amid the growing need for efficient flight and crew management systems continue to fuel the growth of the US market. In Europe, the growth of air traffic and rapid technological advancements are driving the growth of the market. In the Asia-Pacific region, the rapid increase in passenger traffic and the growing number of new aircraft in operation are pushing airlines to deploy advanced software solutions for efficient crew management solutions. Following
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