Global Airline Ancillary Services Market to grow at a CAGR of 15.02% during the period 2017-2021

Summary

Orbis Research Inclusive Report: Global Airline Ancillary Services Market to grow at a CAGR of 15.02% during the period 2017-2021.

Description

Latest Research Report – Global Airline Ancillary Services Market 2017-2021
The Following Companies as the Key Players in the Global Airline Ancillary Services Market: American Airlines Group (AAG), Delta Airlines, KLM Royal Dutch Airlines, Southwest Airlines, and United Continental.

Other Prominent Vendors in the market are: Alaska Airlines, easyJet, Lufthansa Group, Ryanair DAC, Qantas Airways, and Emirates.

Commenting on the report: “The latest trend gaining momentum in the market is growing acceptance of BYOD. Installation of fixed or stationary IFE devices necessitates airlines to incur substantial investments in aircraft retrofitting. Vendors, like Panasonic Avionics and Rockwell Collins, offer such stationery IFE systems that are embedded in aircraft seats. Since the last couple of years, there have been growing investments by the airlines in ending the dominance of embedded IFEs; hence, many airlines had retrofitted their existing fleets of aircraft with bring your own device (BYOD) support mechanism.”

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According to the report, one of the major drivers for this market is growing adoption of branded fare options. Globally, airlines have been seeking new and unique pricing strategies that can help them in achieving superior values for their product offerings. Simultaneously, greater emphasis is being laid on building a mass awareness regarding their brands. This is where the strategy of adopting differential pricing approaches, like branded fare, which go beyond basic fare rules comes in picture.
Further, the report states that one of the major factors hindering the growth of this market is High volume of disparate data requires substantial investments in IoT ecosystem. The generation of high volumes of data during various processes is a key concern for the aviation industry. Long-term information management solution generates data that is difficult to manage, as it is fragmented across multiple units and functions. For example, the majority of airline data on passenger experience and boarding details are distributed across loyalty programs, flight operations, complaint databases, baggage, and external sources like social media.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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