Airline Technology Integration Market
Airline Technology Integration Market Forecasts to 2030 - Global Analysis By Component (Hardware and Software), Technology (Wearable Technology, Internet of Things (IoT), Advanced Analytics, Artificial Intelligence, Blockchain, Biometrics, Cybersecurity and Other Technologies) and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $29.66 BN |
|
Projected Year Value (2030) |
US $92.27 BN |
|
CAGR (2023 - 2030) |
17.6% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Airline Technology Integration Market is accounted for $29.66 billion in 2023 and is expected to reach $92.27 billion by 2030 growing at a CAGR of 17.6% during the forecast period. Airline technology integration is the process of integrating numerous technological systems and solutions into an airline's operations in order to create a streamlined and linked environment. This integration covers a wide variety of topics, such as booking and ticketing for passengers, luggage handling, aircraft operations, crew management, maintenance, and more. The operational effectiveness, passenger experience, and overall performance of airlines may all be improved by combining these various technologies.
According to a report, government in Asia-Pacific has announced to spend $2.85 billion for the development of aerospace and defense sector.
Market Dynamics:
Driver:
Expansion of the airline sector
The growth in air travel, e-commerce, and logistical transportation in recent years may be attributed to the enormous expansion of the airline industry. Artificial intelligence is responsible for the increasing personalization and optimization of digital interactions between airlines and passengers. Based on the social mood of the passengers, the airline industry uses AI to customize its services to the demands of its clients. Lower operational and investment expenses are a result of the considerable technology developments in the airline IT systems sector. Furthermore, smart airport IT professionals are looking for innovative methods to increase operational efficiency and the passenger experience, which is projected to drive airline technology integration market growth during the forecast period.
Restraint:
Risk of autopilot failures
Autopilot technique is dangerous and unreliable since aircraft malfunctions can lead to potentially serious accidents. Flight computers may experience issues with their several internal DC power supplies. They could be temperature-sensitive cold or hot, failing at a specific temperature. Additionally, the flight crew may not be adequately notified of automation faults or malfunctions or of their impacts. Future market share growth for aviation technology integration is probably going to be hindered by such problems.
Opportunity:
Raising digital technology adoption
Airports and their customers will benefit from the deployment of digital technologies. The use of digital technologies improves passenger satisfaction. Improved flight management processing is anticipated to result in fewer delays and increased rates of baggage return. End-to-end biometrics is anticipated to enhance the travelling experience for passengers, enabling them to enter the airport with little effort and enjoy a hassle-free journey. For the major market players active throughout the projected period, these variables are anticipated to generate a wide range of possibilities.
Threat:
High cost of integration
It costs a lot to create, run, and maintain an airplane. In order to meet performance, economic, safety, and environmental criteria for aircraft and ground systems, it is exceedingly expensive and takes decades of research and development to integrate new technology into an operating commercial supersonic aircraft. All aspects must fully satisfy the integration requirements for the design, software, interiors, cutting-edge engines, and many other things. Thus, this factor prevents the market from growing.
Covid-19 Impact
The COVID-19 pandemic has also had an impact on the development of the industry for aircraft technology integration. While the sector experienced unheard-of difficulties, it served as a reminder of how important flexibility and agility are. As travel limitations and safety standards changed, airlines resorted to integrated technology to adopt contactless processes, virtual customer support, and streamline their operations. The digitization of processes has also elevated to the top of the priority list in the aftermath of the COVID-19 epidemic.
The software segment is expected to be the largest during the forecast period
The software segment is estimated to have a lucrative growth. Application software, systems, and information technology services for airlines all fall under the category of software. Several airport software providers offer off-the-shelf solutions for specialized tasks like maintenance or airport operations. But most of them provide integrated systems composed of modules for diverse tasks. Such airline technology integration applications in the aviation industry will undoubtedly open up opportunities for the segment to flourish over the course of the projection period.
The cybersecurity segment is expected to have the highest CAGR during the forecast period
The cybersecurity segment is anticipated to witness the fastest CAGR growth during the forecast period. Aviation places a high focus on maintaining operations that are secure, safe, and robust. In order to ensure the safety and security of air travel, it is now essential to safeguard aviation systems and data from unauthorized access due to the rising usage of digital technology and the increase of cyber threats. To protect crucial airline infrastructure, cybersecurity integration requires putting in place strong firewalls, intrusion detection systems, and encryption techniques. As a result, the segment's growth is being fueled by the protection of critical data and safe passenger experiences.
Region with largest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to significant increase in air travel demand. Due to this, there is an increasing need for airline technology integration solutions in the region, providing attractive development opportunities for market participants. Regional suppliers like Radixx International, Intelisys Aviation Systems, and Crane PAX are well-represented in Asia Pacific. The airline technology integration market is being driven by major hub for air travel, which has resulted in rising passenger volumes, expanding airline fleets, and the emergence of low-cost carriers (LCCs).
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period. When AI-based technology first entered the aviation industry, North America was one of the pioneers. The region's existing air transportation infrastructure, together with rising expenditures in the adoption of cutting-edge digital and new technologies, have fueled the expansion of the market. It is anticipated that significant investments would be made in the application of AI technology at airports and aircrafts due to the region's strong demand for air travel and expanding number of air travellers. In the United States and Canada, international air travel has increased as a result of business globalization.
Key players in the market
Some of the key players profiled in the Airline Technology Integration Market include L3Harris Technologies Inc., Airbus, SAP SE, Collins Aerospace, General Electric, Honeywell International Inc., IBM, Boeing, Amadeus IT Group SA, Oracle, Amazon Web Services, Inc., Microsoft Corporation, Lufthansa Technik, Palo Alto Networks, Inc., Raytheon Technologies Corporation, Thales Group, Accenture Plc, Swiss Aviation Software, Sabre Corporation and Intelisys Aviation Systems.
Key Developments:
In June 2023, China Eastern Airlines has selected Thales and ACSS’ advanced avionics products for its 100 new A320neo aircraft. This linefit selection includes Thales’ Flight Management System (FMS), Low Range Radio Altimeter (LRRA) and ACSS’ T³CAS integrated surveillance solution.
In April 2023, Changi Airport Group ?in collaboration with Accenture ?has unveiled a metaverse experience called?ChangiVerse, a fresh way for new audiences to connect with Singapore Changi Airport and explore its notable sights in the digital space.
In January 2023, Swiss Aviation Software joins Lufthansa Technik to create Digital Tech Ops Ecosystem. By incorporating this ecosystem, Swiss Aviation Software will lead the digital transformation of the aviation industry in technical asset operation.
In July 2022, Microsoft launched Project AirSim, an end-to-end platform to accelerate autonomous flight. Project AirSim uses the power of Azure to generate massive amounts of data for training AI models on exactly which actions to take at each phase of flight, from takeoff to cruising to landing.
In February 2022, Intelisys Aviation Systems has partnered with ProVerne o create an advanced analytics tool that helps airlines easily visualize and analyze data for efficient decision-making. Branded as ameliaINSIGHTS, InteliSys users can create and share customized dashboards, select from a large base of reports and export data with ease.
Components Covered:
• Hardware
• Software
Technologies Covered:
• Wearable Technology
• Internet of Things (IoT)
• Advanced Analytics
• Artificial Intelligence
• Blockchain
• Biometrics
• Cybersecurity
• Other Technologies
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Airline Technology Integration Market, By Component
5.1 Introduction
5.2 Hardware
5.3 Software
6 Global Airline Technology Integration Market, By Technology
6.1 Introduction
6.2 Wearable Technology
6.3 Internet of Things (IoT)
6.4 Advanced Analytics
6.5 Artificial Intelligence
6.6 Blockchain
6.7 Biometrics
6.8 Cybersecurity
6.9 Other Technologies
7 Global Airline Technology Integration Market, By Geography
7.1 Introduction
7.2 North America
7.2.1 US
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 UK
7.3.3 Italy
7.3.4 France
7.3.5 Spain
7.3.6 Rest of Europe
7.4 Asia Pacific
7.4.1 Japan
7.4.2 China
7.4.3 India
7.4.4 Australia
7.4.5 New Zealand
7.4.6 South Korea
7.4.7 Rest of Asia Pacific
7.5 South America
7.5.1 Argentina
7.5.2 Brazil
7.5.3 Chile
7.5.4 Rest of South America
7.6 Middle East & Africa
7.6.1 Saudi Arabia
7.6.2 UAE
7.6.3 Qatar
7.6.4 South Africa
7.6.5 Rest of Middle East & Africa
8 Key Developments
8.1 Agreements, Partnerships, Collaborations and Joint Ventures
8.2 Acquisitions & Mergers
8.3 New Product Launch
8.4 Expansions
8.5 Other Key Strategies
9 Company Profiling
9.1 L3Harris Technologies Inc.
9.2 Airbus
9.3 SAP SE
9.4 Collins Aerospace
9.5 General Electric
9.6 Honeywell International Inc.
9.7 IBM
9.8 Boeing
9.9 Amadeus IT Group SA
9.10 Oracle
9.11 Amazon Web Services, Inc.
9.12 Microsoft Corporation
9.9 Lufthansa Technik
9.14 Palo Alto Networks, Inc.
9.15 Raytheon Technologies Corporation
9.16 Thales Group
9.17 Accenture Plc
9.18 Swiss Aviation Software
9.19 Sabre Corporation
9.20 Intelisys Aviation Systems
List of Tables
1 Global Airline Technology Integration Market Outlook, By Region (2021-2030) ($MN)
2 Global Airline Technology Integration Market Outlook, By Component (2021-2030) ($MN)
3 Global Airline Technology Integration Market Outlook, By Hardware (2021-2030) ($MN)
4 Global Airline Technology Integration Market Outlook, By Software (2021-2030) ($MN)
5 Global Airline Technology Integration Market Outlook, By Technology (2021-2030) ($MN)
6 Global Airline Technology Integration Market Outlook, By Wearable Technology (2021-2030) ($MN)
7 Global Airline Technology Integration Market Outlook, By Internet of Things (IoT) (2021-2030) ($MN)
8 Global Airline Technology Integration Market Outlook, By Advanced Analytics (2021-2030) ($MN)
9 Global Airline Technology Integration Market Outlook, By Artificial Intelligence (2021-2030) ($MN)
10 Global Airline Technology Integration Market Outlook, By Blockchain (2021-2030) ($MN)
11 Global Airline Technology Integration Market Outlook, By Biometrics (2021-2030) ($MN)
12 Global Airline Technology Integration Market Outlook, By Cybersecurity (2021-2030) ($MN)
13 Global Airline Technology Integration Market Outlook, By Other Technologies (2021-2030) ($MN)
14 North America Airline Technology Integration Market Outlook, By Country (2021-2030) ($MN)
15 North America Airline Technology Integration Market Outlook, By Component (2021-2030) ($MN)
16 North America Airline Technology Integration Market Outlook, By Hardware (2021-2030) ($MN)
17 North America Airline Technology Integration Market Outlook, By Software (2021-2030) ($MN)
18 North America Airline Technology Integration Market Outlook, By Technology (2021-2030) ($MN)
19 North America Airline Technology Integration Market Outlook, By Wearable Technology (2021-2030) ($MN)
20 North America Airline Technology Integration Market Outlook, By Internet of Things (IoT) (2021-2030) ($MN)
21 North America Airline Technology Integration Market Outlook, By Advanced Analytics (2021-2030) ($MN)
22 North America Airline Technology Integration Market Outlook, By Artificial Intelligence (2021-2030) ($MN)
23 North America Airline Technology Integration Market Outlook, By Blockchain (2021-2030) ($MN)
24 North America Airline Technology Integration Market Outlook, By Biometrics (2021-2030) ($MN)
25 North America Airline Technology Integration Market Outlook, By Cybersecurity (2021-2030) ($MN)
26 North America Airline Technology Integration Market Outlook, By Other Technologies (2021-2030) ($MN)
27 Europe Airline Technology Integration Market Outlook, By Country (2021-2030) ($MN)
28 Europe Airline Technology Integration Market Outlook, By Component (2021-2030) ($MN)
29 Europe Airline Technology Integration Market Outlook, By Hardware (2021-2030) ($MN)
30 Europe Airline Technology Integration Market Outlook, By Software (2021-2030) ($MN)
31 Europe Airline Technology Integration Market Outlook, By Technology (2021-2030) ($MN)
32 Europe Airline Technology Integration Market Outlook, By Wearable Technology (2021-2030) ($MN)
33 Europe Airline Technology Integration Market Outlook, By Internet of Things (IoT) (2021-2030) ($MN)
34 Europe Airline Technology Integration Market Outlook, By Advanced Analytics (2021-2030) ($MN)
35 Europe Airline Technology Integration Market Outlook, By Artificial Intelligence (2021-2030) ($MN)
36 Europe Airline Technology Integration Market Outlook, By Blockchain (2021-2030) ($MN)
37 Europe Airline Technology Integration Market Outlook, By Biometrics (2021-2030) ($MN)
38 Europe Airline Technology Integration Market Outlook, By Cybersecurity (2021-2030) ($MN)
39 Europe Airline Technology Integration Market Outlook, By Other Technologies (2021-2030) ($MN)
40 Asia Pacific Airline Technology Integration Market Outlook, By Country (2021-2030) ($MN)
41 Asia Pacific Airline Technology Integration Market Outlook, By Component (2021-2030) ($MN)
42 Asia Pacific Airline Technology Integration Market Outlook, By Hardware (2021-2030) ($MN)
43 Asia Pacific Airline Technology Integration Market Outlook, By Software (2021-2030) ($MN)
44 Asia Pacific Airline Technology Integration Market Outlook, By Technology (2021-2030) ($MN)
45 Asia Pacific Airline Technology Integration Market Outlook, By Wearable Technology (2021-2030) ($MN)
46 Asia Pacific Airline Technology Integration Market Outlook, By Internet of Things (IoT) (2021-2030) ($MN)
47 Asia Pacific Airline Technology Integration Market Outlook, By Advanced Analytics (2021-2030) ($MN)
48 Asia Pacific Airline Technology Integration Market Outlook, By Artificial Intelligence (2021-2030) ($MN)
49 Asia Pacific Airline Technology Integration Market Outlook, By Blockchain (2021-2030) ($MN)
50 Asia Pacific Airline Technology Integration Market Outlook, By Biometrics (2021-2030) ($MN)
51 Asia Pacific Airline Technology Integration Market Outlook, By Cybersecurity (2021-2030) ($MN)
52 Asia Pacific Airline Technology Integration Market Outlook, By Other Technologies (2021-2030) ($MN)
53 South America Airline Technology Integration Market Outlook, By Country (2021-2030) ($MN)
54 South America Airline Technology Integration Market Outlook, By Component (2021-2030) ($MN)
55 South America Airline Technology Integration Market Outlook, By Hardware (2021-2030) ($MN)
56 South America Airline Technology Integration Market Outlook, By Software (2021-2030) ($MN)
57 South America Airline Technology Integration Market Outlook, By Technology (2021-2030) ($MN)
58 South America Airline Technology Integration Market Outlook, By Wearable Technology (2021-2030) ($MN)
59 South America Airline Technology Integration Market Outlook, By Internet of Things (IoT) (2021-2030) ($MN)
60 South America Airline Technology Integration Market Outlook, By Advanced Analytics (2021-2030) ($MN)
61 South America Airline Technology Integration Market Outlook, By Artificial Intelligence (2021-2030) ($MN)
62 South America Airline Technology Integration Market Outlook, By Blockchain (2021-2030) ($MN)
63 South America Airline Technology Integration Market Outlook, By Biometrics (2021-2030) ($MN)
64 South America Airline Technology Integration Market Outlook, By Cybersecurity (2021-2030) ($MN)
65 South America Airline Technology Integration Market Outlook, By Other Technologies (2021-2030) ($MN)
66 Middle East & Africa Airline Technology Integration Market Outlook, By Country (2021-2030) ($MN)
67 Middle East & Africa Airline Technology Integration Market Outlook, By Component (2021-2030) ($MN)
68 Middle East & Africa Airline Technology Integration Market Outlook, By Hardware (2021-2030) ($MN)
69 Middle East & Africa Airline Technology Integration Market Outlook, By Software (2021-2030) ($MN)
70 Middle East & Africa Airline Technology Integration Market Outlook, By Technology (2021-2030) ($MN)
71 Middle East & Africa Airline Technology Integration Market Outlook, By Wearable Technology (2021-2030) ($MN)
72 Middle East & Africa Airline Technology Integration Market Outlook, By Internet of Things (IoT) (2021-2030) ($MN)
73 Middle East & Africa Airline Technology Integration Market Outlook, By Advanced Analytics (2021-2030) ($MN)
74 Middle East & Africa Airline Technology Integration Market Outlook, By Artificial Intelligence (2021-2030) ($MN)
75 Middle East & Africa Airline Technology Integration Market Outlook, By Blockchain (2021-2030) ($MN)
76 Middle East & Africa Airline Technology Integration Market Outlook, By Biometrics (2021-2030) ($MN)
77 Middle East & Africa Airline Technology Integration Market Outlook, By Cybersecurity (2021-2030) ($MN)
78 Middle East & Africa Airline Technology Integration Market Outlook, By Other Technologies (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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