The global airline technology integration market is anticipated to reach $89,130.4 million by 2031, growing from $20,956.4 million in 2021, at a CAGR of 15.90% from 2022 to 2031.
As the world becomes increasingly interconnected, the transportation industry must develop new ways and technologies to improve services, attract customers, and keep ahead of maintenance difficulties. This pressure for innovation is especially visible in aviation, where many airlines have struggled to meet the increased demand for comfortable and economical seating on commercial flights. Airlines and airports have begun to integrate the internet of things at scale in order to keep up with rising foot traffic and heightened consumer expectations. Integrating IoT technology into modern airports is merely the first step in the aviation industry's larger digital transformation. Airport officials may collect an unprecedented quantity of data on seasonal travel patterns, customer behavior, and other topics by constructing a network of sensor-equipped devices. Instead, then revamping or reorganizing an entire airport, these gadgets enable administrators to absorb increased foot traffic by having greater control over arrivals and departures. All these factors are anticipated to boost the airline technology integration market growth.
The growing proliferation of technology also brings with it newer challenges to cybersecurity and consumer privacy. To avoid being attacked by such risks and vulnerabilities, industry participants must take a proactive approach and incorporate a rigorous testing plan to prevent cyber-attacks. This factor is anticipated to hinder the airline technology integration market growth.
AI is being used to provide travelers with a personalized traveling experience in order to maximize consumer satisfaction. Artificial intelligence is customizing, optimizing, and scaling up digital interactions between airlines and passengers. The move towards data democratization is enabling the industry to make fact-based, strategic decisions. Big data is assisting the industry in predicting and forecasting consumer behavior in order to fine-tune their approach when combined with AI and ML. As data gains importance as the most precious asset in the digital era, it is only prudent to use data mining techniques to construct a solid plan with a high probability of success. Also, Biometric technology such as facial recognition, fingerprint authentication, and retinal scanning will become the standard method of verification. The integration of biometric systems for airport check-ins, border control, onboarding, and migration procedures will soon make the entire verification process paperless. This will be extended to the baggage claim procedure, allowing passengers to retain real-time track of their goods. All these factors are anticipated to boost the airline technology integration market opportunity in the airline sector.
The COVID-19 pandemic has brought several uncertainties leading to severe economic losses as various businesses across the world were on a standstill. Due to the COVID-19 pandemic, travel restrictions and lockdowns have been implemented by the government, which has hampered the airline industry around the world. The demand for airlines travels has reduced during the COVID-19 pandemic due to travel restrictions imposed by various countries around the globe. Government travel restrictions brought on by COVID-19 have significantly impacted the market for new commercial and private business planes. Because of this, the market for airline technology integration has also suffered. As travel restrictions relax in some parts of the world, demand for aircraft is expected to rise in the near future which is anticipated to boost the demand for airline technology integration in the near future.
The key players profiled in this report include Airbus, Boeing, Collins Aerospace, General Electric, Honeywell International Inc., IBM, L3Harris Technologies, Inc., Lufthansa Technik, Oracle, and SAP SE.
As the world becomes increasingly interconnected, the transportation industry must develop new ways and technologies to improve services, attract customers, and keep ahead of maintenance difficulties. This pressure for innovation is especially visible in aviation, where many airlines have struggled to meet the increased demand for comfortable and economical seating on commercial flights. Airlines and airports have begun to integrate the internet of things at scale in order to keep up with rising foot traffic and heightened consumer expectations. Integrating IoT technology into modern airports is merely the first step in the aviation industry's larger digital transformation. Airport officials may collect an unprecedented quantity of data on seasonal travel patterns, customer behavior, and other topics by constructing a network of sensor-equipped devices. Instead, then revamping or reorganizing an entire airport, these gadgets enable administrators to absorb increased foot traffic by having greater control over arrivals and departures. All these factors are anticipated to boost the airline technology integration market growth.
The growing proliferation of technology also brings with it newer challenges to cybersecurity and consumer privacy. To avoid being attacked by such risks and vulnerabilities, industry participants must take a proactive approach and incorporate a rigorous testing plan to prevent cyber-attacks. This factor is anticipated to hinder the airline technology integration market growth.
AI is being used to provide travelers with a personalized traveling experience in order to maximize consumer satisfaction. Artificial intelligence is customizing, optimizing, and scaling up digital interactions between airlines and passengers. The move towards data democratization is enabling the industry to make fact-based, strategic decisions. Big data is assisting the industry in predicting and forecasting consumer behavior in order to fine-tune their approach when combined with AI and ML. As data gains importance as the most precious asset in the digital era, it is only prudent to use data mining techniques to construct a solid plan with a high probability of success. Also, Biometric technology such as facial recognition, fingerprint authentication, and retinal scanning will become the standard method of verification. The integration of biometric systems for airport check-ins, border control, onboarding, and migration procedures will soon make the entire verification process paperless. This will be extended to the baggage claim procedure, allowing passengers to retain real-time track of their goods. All these factors are anticipated to boost the airline technology integration market opportunity in the airline sector.
The COVID-19 pandemic has brought several uncertainties leading to severe economic losses as various businesses across the world were on a standstill. Due to the COVID-19 pandemic, travel restrictions and lockdowns have been implemented by the government, which has hampered the airline industry around the world. The demand for airlines travels has reduced during the COVID-19 pandemic due to travel restrictions imposed by various countries around the globe. Government travel restrictions brought on by COVID-19 have significantly impacted the market for new commercial and private business planes. Because of this, the market for airline technology integration has also suffered. As travel restrictions relax in some parts of the world, demand for aircraft is expected to rise in the near future which is anticipated to boost the demand for airline technology integration in the near future.
The key players profiled in this report include Airbus, Boeing, Collins Aerospace, General Electric, Honeywell International Inc., IBM, L3Harris Technologies, Inc., Lufthansa Technik, Oracle, and SAP SE.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the airline technology integration market analysis from 2021 to 2031 to identify the prevailing airline technology integration market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the airline technology integration market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global airline technology integration market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Technology
- Internet of Things (IoT)
- Cybersecurity
- Artificial Intelligence
- Advanced Analytics
- Biometrics
- Blockchain
- Wearable Technology
- Others
By Offering
- Software
- Hardware
By Deployment
- On-Premises
- Cloud
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Russia
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- United Arab Emirates
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- Amadeus IT Group SA
- SITA
- Amazon Web Services, Inc.
- Microsoft Corporation
- Thales Group
- Sabre
- Honeywell International Inc.
- Palo Alto Networks, Inc.
- Raytheon Technologies Corporation
- Accenture plc
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: AIRLINE TECHNOLOGY INTEGRATION MARKET, BY TECHNOLOGY
CHAPTER 5: AIRLINE TECHNOLOGY INTEGRATION MARKET, BY OFFERING
CHAPTER 6: AIRLINE TECHNOLOGY INTEGRATION MARKET, BY DEPLOYMENT
CHAPTER 7: AIRLINE TECHNOLOGY INTEGRATION MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report titled, “Airline Technology Integration Market," the airline technology integration market was valued at $21 billion in 2021, and is estimated to reach $89.1 billion by 2031, growing at a CAGR of 15.9% from 2022 to 2031.The airline sector is increasingly implementing new methods and technologies to improve services, attract new customers, and keep ahead of maintenance challenges. In the last few years, numerous airlines have encountered difficulties to match the pace with the increasing demand for comfortable and affordable air travel. Integrating advanced technologies such as artificial intelligence (AI), Advanced Analytics, Biometrics, Cybersecurity, etc. into airports is just the beginning of the aviation industry's wider digital transformation. Airport administrators can collect huge data on seasonal travel patterns and consumer behavior due to the use of technology. Digital transformation of airlines enables authorities to adjust to the rise in foot traffic without redesigning an airport. From the time they make their reservation until they arrive at their destination, travelers demand a completely customized experience. The aviation sector can employ a variety of cutting-edge technology to identify the needs of its consumers and then adapt its customer strategy as necessary.
Key driving factors such as high demand from airline sector is driving the airline technology integration market. The airline sector is setting climate action goals such as enhancing fuel efficiency, achieving net carbon neutral growth, and lessening global net aviation carbon emissions. However, fulfilling these goals is one of the significant challenges for the industry. Hence, the adoption of cutting-edge technologies is essential for reducing the impacts of air travel on the environment, and advancements in ground and flight operations, for an enjoyable passenger experience. To enhance their ability to perform predictive maintenance, airlines are using connected sensors aboard their commercial aircraft. Massive operational data can be gathered and analyzed to reveal a plethora of information about how certain planes are operating and whether any minor technical faults have been found. This not only helps airline managers ensure all equipment and flight systems are functioning properly before and after departure, but it can also shorten the time between maintenance windows for commercial aircraft.
The Asia-Pacific region is anticipated to offer ample growth opportunities to the Airline Technology Integration market during the forecast period. The volume of air passengers in the Asia-Pacific region is increasing at a rapid pace due to robust economic growth as well as trade and economic integration at both the domestic and global levels. In addition, an increasing percentage of the population entering the middle-class group is boosting the airline sector in this region. Airlines in this region are taking benefit of this enormous population of regional consumers. All these factors are expected to offer ample growth opportunities in this region during the forecast period.
The market also offers growth opportunities to the key players in the market. The aviation sector is one of the most lucrative sectors for Airline Technology Integration market players. The aviation industry consists of a wide range of businesses such as airlines, airports, and Service Providers. Digital transformation is at the heart of every decision being made by these businesses. Integrating software to streamline processes is one of the most important strategies that aviation professionals are adopting across the world.
The Airline Technology Integration market is segmented into technology, offering, deployment, and region. On the basis of technology, the market is categorized into internet of things (IoT), cybersecurity, artificial intelligence, advanced analytics, biometrics, blockchain, wearable technology, and others. On the basis of offering, it is categorized into software and hardware. On the basis of deployment, the market is segmented into on-premises and cloud. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Spain, Italy, Russia, and rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, United Arab Emirates, Saudi Arabia, South Africa, and rest of LAMEA).
The key players profiled in the study include Airbus, Boeing, Collins Aerospace, General Electric, Honeywell International Inc. IBM, L3Harris Technologies, Lufthansa Technik, OracleSAP SE and others. The players in the market have been actively engaged in the adoption various strategies such as acquisition, product launch and expansion to remain competitive and gain advantage over the competitors in the market.
Key Market Insights
- By technology, the cybersecurity segment was the highest revenue contributor to the market in 2021. However, the artificial intelligence segment is estimated to be the fastest growing segment during the forecast period.
- By offering, software segment dominated the global market in 2021 and is expected to show a fastest CAGR throughout the forecast period.
- By deployment, on-premises segment dominated the global market in 2021 and cloud segment is expected to show a fastest CAGR throughout the forecast period.
- Based on region, North America was the highest revenue contributor in 2021 and Asia-Pacific is expected to witness the fastest growth during the forecast period.
Companies Mentioned
- Amadeus IT Group SA
- SITA
- Amazon Web Services, Inc.
- Microsoft Corporation
- Thales Group
- Sabre
- Honeywell International Inc.
- Palo Alto Networks, Inc.
- Raytheon Technologies Corporation
- Accenture plc
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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