Crew Management System Market to Reach $2.23 Billion by 2030, Driven by Aviation Industry Growth and Demand for Efficiency
According to the new research report on "Crew Management System Market Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis," published by The Insight Partners, the market is expected to reach $2.23 billion by 2030 and register a CAGR of 9.1 % from 2022 to 2030.Get a PDF Sample Brochure at - https://www.theinsightpartners.com/sample/TIPRE00008015/?utm_source=OpenPR&utm_medium=10196
North America is a prime contributor to the growth of the global airline industry and crew management system market. Although the airline industry in the region is expected to experience a drop in its profitability in the coming years due to persistent cost pressure, it would also continue to generate relatively high profits in the coming years due to a continuous rise in air traffic across the world. North America reported a 51.6% increase in air traffic in March 2023 compared to 2022. The capacity of carrying passengers surged by 34.0% during the mentioned period, which can be attributed to its focus on adopting solutions offered by crew management system market players.
Airlines need to efficiently manage their crew resources to control costs and maintain a competitive edge. Solutions offered by crew management system market players can analyze historical data, crew availability, and anticipated demand to optimize crew utilization and minimize unnecessary expenses. Alaska Airlines and JetBlue Airways are among those that have benefited from such systems to optimize their crew resources. Crew management systems facilitate real-time communications between airline management teams and crew members. This enables swift dissemination of important updates, such as flight changes, weather alerts, and operational decisions, ensuring seamless coordination. Canadian airlines such as Air Canada have integrated crew management systems to enhance communication and ensure swift response to changing situations. Advanced crew management systems provide insightful analytics on crew performance, productivity, and efficiency. Airlines can use this data to identify areas for improvement and implement strategies to enhance crew performance. Allegiant Air and Spirit Airlines are other examples of carriers that have been harnessing crew management systems for performance monitoring and subsequent improvements.
With a constant need to optimize crew scheduling and resource allocation, facilitate real-time communications, manage crew training and qualifications, and monitor crew performance the demand for aviation crew management systems continues to grow in North America. Several airlines in the region have embraced these systems to enhance their operations, minimize downtime, and provide a seamless travel experience to passengers.
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With more than 20,000 flights a day and ~500 million passengers flying every year, Europe has the world's busiest airspace. The European airline industry remains the second largest across the world as the region owns a few largest and busiest airports, including Heathrow Airport, Charles de Gaulle Airport, Frankfurt Airport, and Royal Amsterdam Airport Schiphol. Also, Lufthansa, Ryanair, IAG, easyJet, and Air France-KLM are among the prominent airline companies operating in Europe, and these airlines are among the leading contributors to the global crew management system market size.
In the past couple of years, the region has experienced tremendous turbulence on the international and domestic front due to the COVID-19 pandemic and the Russia-Ukraine war, among other situations. With Russia banning the use of routes crossing its airspace and the European Union reciprocating by banning Russian airlines, flights were canceled or forced to take costly detours. This led to a decline in airline shares and disruptions in cargo traffic, exacerbating global supply chain challenges. The war has also affected aircraft leasing and prompted airlines to suspend or cancel flights, reducing the demand for crew management systems. In June 2022, Lufthansa Group announced flight cancellations and delays due to the restricted European airspace caused by the war. These disruptions have further exacerbated the persistent challenges faced by airlines, such as staff shortages and resource limitations, impacting the implementation these systems and driving crew management system market growth.
The crew management system market is segmented on the basis of component, deployment type, airline type, and applications. The crew management system market, based on component, is bifurcated into software and services. In terms of deployment type, the crew management system market is divided into on-cloud and server-based. Based on airline type, the crew management system market is bifurcated into passenger airlines and cargo & defense airlines. In terms of application, the crew management system market is bifurcated into crew operations and crew training
Key Findings of Study:
Asia Pacific (APAC) comprises dynamic economies that cumulatively generate 35% of the global GDP. The aviation industry in the region is a pivotal contributor to its socioeconomic development. Governments of different countries propel the adoption of crew management systems in airline operations. According to the Association of Asia Pacific Airlines (AAPA), during the Q1, Q2, and Q3 of 2022, airlines IN APAC countries registered a five-fold increase in the number of international passengers carried compared to the same period in 2021. Airlines in APAC need to efficiently manage their crew resources to control costs and maintain a competitive edge. Solutions offered by crew management system market players help analyze historical data, track crew availability, optimize crew utilization, and minimize unnecessary expenses.
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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
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