The airline route profitability software market size has grown rapidly in recent years. It will grow from $12.4 billion in 2023 to $13.84 billion in 2024 at a compound annual growth rate (CAGR) of 11.6%. The growth observed in the historical period can be attributed to several factors, including the rising demand for cost-effective airline route profitability solutions, the expansion of commercial airline operations, an increase in demand for domestic airline services worldwide, the overall growth in global air traffic, and the increasing preference for cloud-based solutions within the aviation industry.
The airline route profitability software market size is expected to see rapid growth in the next few years. It will grow to $20.93 billion in 2028 at a compound annual growth rate (CAGR) of 10.9%. The forecasted growth is driven by increasing demand for real-time data and insights on airline route profitability, along with a rising preference for cloud-based solutions. Factors such as increased air travel due to rising passenger purchasing power, heightened demand for efficient route management among commercial airlines, and the need for enhanced efficiency in route optimization processes are also contributing. Major trends include the adoption of advanced technologies, particularly cloud-based solutions, efforts to minimize environmental impacts, a growing requirement for cost-management software among airlines, and increasing use of advanced analytics and AI-enabled solutions.
The escalating demand for air freight cargo is poised to drive significant growth within the airline route profitability software market in the foreseeable future. Air freight cargo, encompassing the transportation of goods via air carriers, whether charter or commercial airlines, underscores the critical role played by airline route profitability software in optimizing routes, pricing strategies, and resource allocation to maximize operational efficiency and profitability. This trend is underscored by data from September 2021, as reported by the International Air Transport Association, which indicates a notable 9.1% increase in industry-wide cargo tons (CTKs) compared to the preceding year, indicative of a stable air cargo market. Consequently, the escalating demand for air freight cargo emerges as a key driver propelling the expansion of the airline route profitability software market.
Leading players within the airline route profitability software domain are actively engaged in the development of innovative technologies geared towards enhancing customer satisfaction and operational efficiency. One such innovation is the introduction of route intelligence portals, which serve as data-driven platforms furnishing airlines with invaluable market insights pertaining to regional networks and routes linking the region to global destinations. For instance, in October 2022, the African Airlines Association (AFRAA), a prominent Kenya-based marketing intelligence provider, unveiled the Route Intelligence Portal - a sophisticated data-driven platform tailored to provide airlines and aviation industry stakeholders with comprehensive insights into aviation routes, networks, and market dynamics. This portal serves as a gateway for airlines seeking access to pertinent market intelligence on African networks and routes connecting Africa with the global aviation landscape. Geared towards supporting African carriers, the AFRAA Route Intelligence Portal delivers tailored market intelligence reports aimed at meeting the evolving needs of the burgeoning African aviation market, thereby exemplifying the transformative potential of route intelligence solutions in driving operational excellence and strategic decision-making within the airline industry.
In March 2022, CAE Inc., a Canadian high-technology company, completed the acquisition of Sabre Corporation for $392.5 million. This strategic move enables CAE to broaden its portfolio in flight and crew operations solutions, solidifying its position as a technology pioneer in this sector. Sabre Corporation, headquartered in the United States, specializes in travel technology, offering software and technology solutions crucial for movement and airport management, integral components of the broader airline operations and route profitability software market.
Major companies operating in the airline route profitability software market report are The Boeing Co., International Business Machines Corp., Infosys Limited, Wipro Limited, Amadeus IT Group, Sita Aero, Coforge Ltd., Lufthansa Systems, Pros Inc., Sheorey Digital Systems Pvt. Ltd., Maureva Ltd., Orane Consulting Pvt. Ltd., Optym, Seabury Solutions, Qlikview, Airpas Aviation GmbH, Megabyte Ltd., Laminaar Aviation Pte. Ltd, Aerotrack Systems, G-aero Ltd., Maxamation Pty. Ltd., NIIT Technologies Limited, Sixel Consulting Group, Skymetrix GmbH, GrandTrust Overseas Pvt. Ltd., QlikTech international AB, Travelport Worldwide Ltd.
North America was the largest region in the airline route profitability software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the airline route profitability software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the airline route profitability software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Airline route profitability software is specialized software utilized by airlines to assess the financial viability of their routes. This software aids airlines in analyzing the profitability of individual routes by considering various factors such as operating costs, ticket prices, passenger demand, competition, and other pertinent variables.
The primary types of airline route profitability software include fares management and pricing, planning and scheduling, revenue management, and other related solutions. Fares management and pricing software enable airlines to efficiently manage and optimize ticket prices across different routes and service classes, including first class, business class, premium economy, and economy. Such software finds application among domestic airlines, international carriers, and business charter services alike.
The airline route profitability software market research report is one of a series of new reports that provides airline route profitability software market statistics, including airline route profitability software industry global market size, regional shares, competitors with an airline route profitability software market share, detailed airline route profitability software market segments, market trends and opportunities, and any further data you may need to thrive in the airline route profitability software industry. This airline route profitability software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The airline route profitability software market consists of revenues earned by entities by providing services such as route analysis, cost analysis, demand forecasting, scenario modeling, reporting and analytics. The market value includes the value of related goods sold by the service provider or included within the service offering. The airline route profitability software market also includes sales of aero profit analyzer, air route navigator, profit pilot airline edition and route sense pro. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from goods and/or services sold within the specified market and geography through sales, grants, or donations in terms of currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values - that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The airline route profitability software market size is expected to see rapid growth in the next few years. It will grow to $20.93 billion in 2028 at a compound annual growth rate (CAGR) of 10.9%. The forecasted growth is driven by increasing demand for real-time data and insights on airline route profitability, along with a rising preference for cloud-based solutions. Factors such as increased air travel due to rising passenger purchasing power, heightened demand for efficient route management among commercial airlines, and the need for enhanced efficiency in route optimization processes are also contributing. Major trends include the adoption of advanced technologies, particularly cloud-based solutions, efforts to minimize environmental impacts, a growing requirement for cost-management software among airlines, and increasing use of advanced analytics and AI-enabled solutions.
The escalating demand for air freight cargo is poised to drive significant growth within the airline route profitability software market in the foreseeable future. Air freight cargo, encompassing the transportation of goods via air carriers, whether charter or commercial airlines, underscores the critical role played by airline route profitability software in optimizing routes, pricing strategies, and resource allocation to maximize operational efficiency and profitability. This trend is underscored by data from September 2021, as reported by the International Air Transport Association, which indicates a notable 9.1% increase in industry-wide cargo tons (CTKs) compared to the preceding year, indicative of a stable air cargo market. Consequently, the escalating demand for air freight cargo emerges as a key driver propelling the expansion of the airline route profitability software market.
Leading players within the airline route profitability software domain are actively engaged in the development of innovative technologies geared towards enhancing customer satisfaction and operational efficiency. One such innovation is the introduction of route intelligence portals, which serve as data-driven platforms furnishing airlines with invaluable market insights pertaining to regional networks and routes linking the region to global destinations. For instance, in October 2022, the African Airlines Association (AFRAA), a prominent Kenya-based marketing intelligence provider, unveiled the Route Intelligence Portal - a sophisticated data-driven platform tailored to provide airlines and aviation industry stakeholders with comprehensive insights into aviation routes, networks, and market dynamics. This portal serves as a gateway for airlines seeking access to pertinent market intelligence on African networks and routes connecting Africa with the global aviation landscape. Geared towards supporting African carriers, the AFRAA Route Intelligence Portal delivers tailored market intelligence reports aimed at meeting the evolving needs of the burgeoning African aviation market, thereby exemplifying the transformative potential of route intelligence solutions in driving operational excellence and strategic decision-making within the airline industry.
In March 2022, CAE Inc., a Canadian high-technology company, completed the acquisition of Sabre Corporation for $392.5 million. This strategic move enables CAE to broaden its portfolio in flight and crew operations solutions, solidifying its position as a technology pioneer in this sector. Sabre Corporation, headquartered in the United States, specializes in travel technology, offering software and technology solutions crucial for movement and airport management, integral components of the broader airline operations and route profitability software market.
Major companies operating in the airline route profitability software market report are The Boeing Co., International Business Machines Corp., Infosys Limited, Wipro Limited, Amadeus IT Group, Sita Aero, Coforge Ltd., Lufthansa Systems, Pros Inc., Sheorey Digital Systems Pvt. Ltd., Maureva Ltd., Orane Consulting Pvt. Ltd., Optym, Seabury Solutions, Qlikview, Airpas Aviation GmbH, Megabyte Ltd., Laminaar Aviation Pte. Ltd, Aerotrack Systems, G-aero Ltd., Maxamation Pty. Ltd., NIIT Technologies Limited, Sixel Consulting Group, Skymetrix GmbH, GrandTrust Overseas Pvt. Ltd., QlikTech international AB, Travelport Worldwide Ltd.
North America was the largest region in the airline route profitability software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the airline route profitability software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the airline route profitability software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Airline route profitability software is specialized software utilized by airlines to assess the financial viability of their routes. This software aids airlines in analyzing the profitability of individual routes by considering various factors such as operating costs, ticket prices, passenger demand, competition, and other pertinent variables.
The primary types of airline route profitability software include fares management and pricing, planning and scheduling, revenue management, and other related solutions. Fares management and pricing software enable airlines to efficiently manage and optimize ticket prices across different routes and service classes, including first class, business class, premium economy, and economy. Such software finds application among domestic airlines, international carriers, and business charter services alike.
The airline route profitability software market research report is one of a series of new reports that provides airline route profitability software market statistics, including airline route profitability software industry global market size, regional shares, competitors with an airline route profitability software market share, detailed airline route profitability software market segments, market trends and opportunities, and any further data you may need to thrive in the airline route profitability software industry. This airline route profitability software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The airline route profitability software market consists of revenues earned by entities by providing services such as route analysis, cost analysis, demand forecasting, scenario modeling, reporting and analytics. The market value includes the value of related goods sold by the service provider or included within the service offering. The airline route profitability software market also includes sales of aero profit analyzer, air route navigator, profit pilot airline edition and route sense pro. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from goods and/or services sold within the specified market and geography through sales, grants, or donations in terms of currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values - that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Airline Route Profitability Software Market Characteristics3. Airline Route Profitability Software Market Trends And Strategies32. Global Airline Route Profitability Software Market Competitive Benchmarking33. Global Airline Route Profitability Software Market Competitive Dashboard34. Key Mergers And Acquisitions In The Airline Route Profitability Software Market
4. Airline Route Profitability Software Market - Macro Economic Scenario
5. Global Airline Route Profitability Software Market Size and Growth
6. Airline Route Profitability Software Market Segmentation
7. Airline Route Profitability Software Market Regional And Country Analysis
8. Asia-Pacific Airline Route Profitability Software Market
9. China Airline Route Profitability Software Market
10. India Airline Route Profitability Software Market
11. Japan Airline Route Profitability Software Market
12. Australia Airline Route Profitability Software Market
13. Indonesia Airline Route Profitability Software Market
14. South Korea Airline Route Profitability Software Market
15. Western Europe Airline Route Profitability Software Market
16. UK Airline Route Profitability Software Market
17. Germany Airline Route Profitability Software Market
18. France Airline Route Profitability Software Market
19. Italy Airline Route Profitability Software Market
20. Spain Airline Route Profitability Software Market
21. Eastern Europe Airline Route Profitability Software Market
22. Russia Airline Route Profitability Software Market
23. North America Airline Route Profitability Software Market
24. USA Airline Route Profitability Software Market
25. Canada Airline Route Profitability Software Market
26. South America Airline Route Profitability Software Market
27. Brazil Airline Route Profitability Software Market
28. Middle East Airline Route Profitability Software Market
29. Africa Airline Route Profitability Software Market
30. Airline Route Profitability Software Market Competitive Landscape And Company Profiles
31. Airline Route Profitability Software Market Other Major And Innovative Companies
35. Airline Route Profitability Software Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Airline Route Profitability Software Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on airline route profitability software market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for airline route profitability software ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The airline route profitability software market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Software: Fares Management And Pricing; Planning And Scheduling; Revenue Management; Other Software.2) By Class: First Class; Business Class; Premium Economy; Economy
3) By End User: Domestic Airlines; International Airlines; Business Charters
Key Companies Mentioned: The Boeing Co.; International Business Machines Corp.; Infosys Limited; Wipro Limited; Amadeus IT Group
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- The Boeing Co.
- International Business Machines Corp.
- Infosys Limited
- Wipro Limited
- Amadeus IT Group
- Sita Aero
- Coforge Ltd.
- Lufthansa Systems
- Pros Inc.
- Sheorey Digital Systems Pvt. Ltd.
- Maureva Ltd.
- Orane Consulting Pvt. Ltd.
- Optym
- Seabury Solutions
- Qlikview
- Airpas Aviation GmbH
- Megabyte Ltd.
- Laminaar Aviation Pte. Ltd
- Aerotrack Systems
- G-aero Ltd.
- Maxamation Pty. Ltd.
- NIIT Technologies Limited
- Sixel Consulting Group
- Skymetrix GmbH
- GrandTrust Overseas Pvt. Ltd.
- QlikTech international AB
- Travelport Worldwide Ltd.
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | April 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 13.84 Billion |
Forecasted Market Value ( USD | $ 20.93 Billion |
Compound Annual Growth Rate | 10.9% |
Regions Covered | Global |
No. of Companies Mentioned | 27 |