The airline route planning software global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Airline Route Planning Software Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The airline route planning software market size has grown rapidly in recent years. It will grow from $6.95 billion in 2023 to $7.66 billion in 2024 at a compound annual growth rate (CAGR) of 10.2%. The growth in the historic period can be attributed to globalization of air travel, rising air passenger traffic, fuel price volatility, environmental concerns, regulatory compliance.
The airline route planning software market size is expected to see strong growth in the next few years. It will grow to $10.7 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecast period can be attributed to digital transformation, real-time data utilization, global economic growth, focus on operational efficiency, data analytics for business intelligence. Major trends in the forecast period include dynamic route optimization, collaborative planning platforms, autonomous flight planning, blockchain for security and transparency, multi-modal connectivity.
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Scope Of Airline Route Planning Software Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Airline Route Planning Software Market Overview
Market Drivers –
The increasing demand for air travel is expected to propel the growth of the airline route planning software market going forward. Air travel refers to the process of going from place to place by any flying object, such as airplanes, helicopters, balloons, or anything that can fly. Airline route planning software is used in air travel to provide airlines with tools to optimize their flight routes, improve fleet efficiency, and maximize cost-to-revenue ratios. It also helps airlines analyze vast amounts of data to predict market demand, assess route profitability, and optimize flight plans. For instance, in September 2023, according to reports published by the International Air Transport Association, a Canada-based trade association of the world’s airlines, total air traffic in July 2023 increased by 26.2% compared to July 2022, and the amount of foreign traffic increased by 29.6% in comparison to the same month last year. Therefore, increasing air travel demand is driving the growth of the airline route planning software market.
Market Trends –
Major companies operating in the airline route planning software market are increasing their focus on developing innovative solutions leveraging advanced technologies, such as satellite-based flight tracking data, to gain a competitive edge in the market. Satellite-based flight tracking data is collected through a network of satellites that allows for a more comprehensive and global view of air traffic, enabling businesses to identify aircraft demand, analyze route performance, and make informed network planning decisions. For instance, in March 2023, Cirium, a UK-based aviation analytics company, launched the first airline routes tool using satellite-based flight tracking to identify actual flights flown by aircraft type. With the help of this tool, companies can use data on aircraft demand and airline network growth and reduction to factor in development prospects and risks when making decisions. The Cirium tool combines extensive fleet data with applied analytics to determine airline routes.
The airline route planning software market covered in this report is segmented –
1) By Type: Fares Management And Pricing, Planning And Scheduling, Revenue Management, Other Software
2) By Pricing Option: Subscription-Based, One-Time License
3) By Deployment: Web-based, Cloud-based
4) By Application: Large Enterprise, Small-Medium Enterprise
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Regional Insights –
North America was the largest region in the airline route planning software market in 2023. The regions covered in the airline route planning software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
The Boeing Company, Airbus SE (Airbus Group), International Business Machines Corporation, Honeywell International Inc., Lufthansa Systems AG (Lufthansa Group), Collins Aerospace, Amadeus IT Group SA, Sabre GLBL Inc., Nav Canada, SITA aviation, Jeppesen, NIIT Technologies Limited (Coforge Limited), Amelia, TravelSky Technology Limited, Universal Weather and Aviation Inc., AIMS International, BLIP Systems AS (Gentrack Group), RocketRoute Ltd., ForeFlight LLC, AFV Partners LLC, Optym, Skyplan Services, FL3XX, Airpas Aviation GmbH, BlueBox Aviation Systems, iFlightPlanner, Air Support AS, FlightBridge LLC, AirMap Inc.
Table of Contents
- Executive Summary
- Airline Route Planning Software Market Report Structure
- Airline Route Planning Software Market Trends And Strategies
- Airline Route Planning Software Market – Macro Economic Scenario
- Airline Route Planning Software Market Size And Growth
…..
- Airline Route Planning Software Market Competitor Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
- Appendix
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