Press release
Soaring High: Aviation Crew Management System Market Poised to Reach $2.57 Billion by 2025, CAGR at 9.5%
"Growth Propelled by Regulatory Compliance, Crew Scheduling Efficiency, and Rapid Air Traffic Increase
What Is The Projected Market Size Of The Global Aviation Crew Management System Market And Its Growth Rate?
• The aviation crew management system is forecast to grow from $2.35 billion in 2024 to $2.57 billion in 2025, reflecting a compound annual growth rate (CAGR) of 9.5%.
• The notable growth in the historic period can mainly be attributed to regulatory compliance and crew scheduling efficiency, demand for crew productivity and safety enhancements, rise in air traffic and operational complexity, cost reduction and operational efficiency focus, and integration with other aviation systems.
• Impressive future growth is predicted, with the market expected to rise to $3.91 billion by 2029, displaying a CAGR of 11.0%.
• The growth in the forecast period will emphasise the evolution of airline business models and flexibility, crew training and skill development focus, enhanced crew communication and collaboration, globalization of airline operations, and increased importance on crew well-being and fatigue management.
What Is Driving The Growth In The Aviation Crew Management System Market?
Increasing air traffic is fueling the growth of the aviation crew management system market. The rise reflects the management and control of aircraft in airspace, guided by air traffic control services to confirm safe and effective operations. As air traffic proliferates, airlines need efficient systems to schedule and manage their crew, their qualifications, and compliance. Aviation crew management systems aid in enhancing staff utilization, efficiency, and regulatory compliance. According to a report published by the Bureau of Transportation Statistics, in 2022, US airlines transported 194 million more passengers than in 2021, a 30% increase. The number of passengers carried by airlines in the US escalated from 658 million in 2021 to 853 million from January to December 2022.
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Who Are the Key Players Driving Aviation Crew Management System Market Growth?
Major players in the market include:
• Lufthansa Systems AG
• Fujitsu Limited
• Leonardo S.p.A.
• The Boeing Company
• CAE Inc.
• Sabre Corporation
• SITA
• Hexaware Technologies Limited
• Jeppesen Sanderson Inc.
• FlyPal
• OSM Aviation Management AS
• Navblue S.A.S.
• Merlot Aero Limited
• Ramco Systems
• Maureva Ltd.
• InteliSys Aviation Systems Inc
• AAP Aviation
• IBS Software Services Pvt. Ltd.
• ARCOS LLC
• LAMINAAR Aviation Infotech (India) Pvt Ltd
What Are The Key Trends In The Aviation Crew Management System Market?
Key trends of the market include:
• Enhanced crew training and development.
• Implementation of data security and privacy measures.
• Automation in crew rostering and scheduling.
• Real-time crew tracking and monitoring.
• Expansion of global airline operations.
What Are The Segments Of The Global Aviation Crew Management System Market?
The market is segmented as follows:
1) By Solution: Hardware, Software, Services
2) By Device: Smartphones, Personal Computers, Tablets
3) By Deployment: Cloud, Server-Based
4) By Application: Crew Planning, Crew Services, Crew Operations, Crew Training, Other Applications
Which Region Leads The Aviation Crew Management System Market?
In 2024, North America was the largest region in the aviation crew management system market. Asia-Pacific is poised to be the fastest-growing region in the forecast period, which covers Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Aviation Crew Management System Global Market Report?
The report encompasses the following aspects:
- Market Size Analysis: Analyze the Aviation Crew Management System Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Aviation Crew Management System Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Aviation Crew Management System Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Aviation Crew Management System Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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