Market Size in 2023 | Market Forecast in 2032 | Growth Rate (in %) | Base Year |
---|---|---|---|
USD 2,960.30 Million | USD 5,628.20 Million | CAGR at 7.40% | 2023 |
According to the report published by Zion Market Research, the global Commercial Aviation Crew Management Systems Market size was valued at USD 2,960.30 Million in 2023 and is predicted to reach USD 5,628.20 Million by the end of 2032. The market is expected to grow with a CAGR of 7.40% during the forecast period. The report analyzes the global Commercial Aviation Crew Management Systems Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Commercial Aviation Crew Management Systems Market industry.
Growth in commercial aircraft, travelers, and airports leads to increase in demand for commercial aviation crew management systems. Human error may cost the aviation sector huge loss, hence proper planning is a key success of the industry. IT sector has emerged as survival of the many industries to handle ample amount of data. Use of IT sector in the aviation industry makes it possible to minimize the human errors and focus on their core functionalities. Aircraft was used as a medium for the 9/11 attack on New York. Hence, after that, the U.S. and the U.K. had strong judge over aircraft crew selection. It will ensure safety from terrorist attacks and hence many aviation companies choose their crews wisely. Crew management systems work based on advanced mathematical programming that will optimize utilization of the crew within the regulatory and contractual requirements.
The increase in demand for new improved aircraft with facilities such as zero crash risk and zero error rates is anticipated to foster the global commercial aviation crew management systems market growth. The introduction of the IT sector in the aviation industries also propels the global market growth. Emerging need for improved operational efficiency in the aviation industries is expected to boost the global market growth. The system also allows the user to keep watch on costs of the crew, standby requirements, and crew fatigue.
It will allow aviation industries to substantial savings and hence increase overall operational efficiency. This is expected to maintain its dominance in the coming future. Conversely, lack of quality workforce, funds, and proper management of the crew are hindering the global commercial aviation crew management systems market growth. In addition, the crash risk, terrorist activities, and recruitment of the skilled crews also hamper the global market growth.
The global commercial aviation crew management systems market is fragmented based on types of hardware, services, and types. On the basis of geography, the global market is fragmented as Europe, North America, Latin America, the Middle East & Africa, and Asia Pacific.
Report Attributes | Report Details |
---|---|
Report Name | Commercial Aviation Crew Management Systems Market Research Report |
Market Size in 2023 | USD 2,960.30 Million |
Market Forecast in 2032 | USD 5,628.20 Million |
Growth Rate | CAGR of 7.40% |
Number of Pages | 196 |
Key Companies Covered | Fujitsu, IBS Software Services, Sabre Airline solutions, and Jeppesen. Other players include Hexaware, Blue One Software, and ameliaCREW |
Segments Covered | By Type and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America is the dominating region across the world. It accounted for the largest market share in the global commercial aviation crew management systems market. The U.S. is the emerging region owing to significant growth in the global market. Europe is following the same trend and is expected to continue this growth in future. Developing countries such as China, Africa, India, and Russia are holding great potential due to growing population and aviation industries.
Major players operating in the global commercial aviation crew management systems market are:
The Global Commercial Aviation Crew Management Systems Market is segmented as follows:
By Type
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