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Aviation Crew Management system market growth: $5.61B by 2032 – Allied Market Research

Thursday, February 22, 2024

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Allied Market Research has released a comprehensive report titled “Aviation Crew Management System Market,” covering components such as solutions and services, applications including planning, training, tracking, and others, end-users spanning commercial aviation, military and defense, and cargo airlines, and deployment modes including cloud-based and on-premises solutions. The report offers a Global Opportunity Analysis and Industry Forecast spanning from 2022 to 2032. According to the findings, the global aviation crew management system market reached a value of $2.61 billion in 2022 and is anticipated to grow to $5.61 billion by 2032, with a compound annual growth rate (CAGR) of 8.16% from 2023 to 2032.

Key Drivers of Growth

The global aviation crew management system market experiences momentum driven by several factors. The adoption of integrated platforms is escalating, thereby bolstering the demand for aviation crew management systems. Additionally, the industry is witnessing a surge in the necessity for AI and IoT technologies in aviation operations. Nonetheless, the market growth faces challenges such as high development costs and limited mobility. On a positive note, the upsurge in investments within civil aviation presents lucrative growth opportunities.

Report Overview:

Forecast Period: 2022–2032

Base Year: 2022

Market Size in 2022: $2.61 Billion

Market Size in 2032: $5.61 Billion

CAGR: 8.16%

Number of Pages in Report: 314

Segments Covered: Component, Application, End-User, Deployment Mode, and Region

Key Drivers:

1. Increase in the Need for AI and IoT Technologies in Aviation
2. Rise in Adoption of Integrated Platforms

Opportunities:

1. Growth in Investments in Civil Aviation

Restraints:

1. High Development Costs and Limited Mobility

The Planning Segment’s Dominance:

Within applications, the planning segment asserted its dominance by securing the largest market share in 2022, representing over two-fifths of the total revenue in the global aviation crew management system market. It is projected to uphold its leadership position throughout the forecast period. Aviation crew management systems are progressively incorporating artificial intelligence (AI) and machine learning algorithms to refine crew scheduling, boost operational efficiency, and elevate decision-making processes.

Historical Insights:

The global aviation crew management system market is characterized by intense competition among prominent players such as CAE Inc., IBS Software Services, Jeppesen (Boeing Company), Lufthansa Systems, AIMS International Ltd, and NAVBLUE Company. Established vendors with strong technical and financial capabilities are positioned to lead due to their capacity to meet market demands. The competitive landscape is expected to intensify with continuous technological innovations, product expansions, and diverse strategies implemented by key industry players.

Significant advancements and tactics in Aviation Crew Management Systems:

March 2022 witnessed the DGCA’s vigilant oversight of Boeing 737 fleets in response to a comparable aircraft incident at China Eastern Airlines. This underscored the imperative for elevated safety protocols and strict regulatory compliance.

July 2022 saw Garmin unveil new features in its Garmin Pilot product, introducing graphical aircraft details such as passenger seating, cargo layout, and fuel station information.
Lufthansa Systems partnered with Ditto, a peer-to-peer database business, in October 2022 to develop an advanced crew app using Apple’s Swift UI framework. This initiative reflects a proactive approach to digitalization aimed at boosting operational efficiency, communication, and overall crew productivity.
February 2022 marked the launch of Honeywell’s “Honeywell Forge Pilot Connect app” and “Honeywell Forge Flight Efficiency” app, designed to enhance crew connectivity and fuel efficiency through insights and recommendations. The aviation crew management system market is experiencing rapid automation, including increased AI adoption and cloud-based technologies, alongside the proliferation of mobile applications. As a result, the aviation technology integration market is projected to reach $89.1 billion by 2031, with a compound annual growth rate (CAGR) of 15.9% from 2022 to 2032.

Procure Complete Research Report (PDF with Qualitative and Quotative Data, Insights, Statistics, Tables, Charts, Figures) – https://www.alliedmarketresearch.com/aviation-crew-management-system-market/purchase-options

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