This report describes and explains the airline technology integration market and covers 2018-2023, termed the historic period, and 2023-2028, 2033F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global airline technology integration market reached a value of nearly $21.05 billion in 2023, having grown at a compound annual growth rate (CAGR) of 8.05% since 2018. The market is expected to grow from $21.05 billion in 2023 to $41.52 billion in 2028 at a rate of 14.55%. The market is then expected to grow at a CAGR of 12.80% from 2028 and reach $75.84 billion in 2033.
Growth in the historic period resulted from the rising number of air travel passengers, growing integration of artificial intelligence, increasing government support, rising internet penetration and increasing commercial aircraft orders. Factors that negatively affected growth in the historic period include shortage of skilled labor and increasing raw material costs.
Going forward, the growing travel and tourism industries, increasing digitalization, rising urbanization, increasing adoption of 5G connectivity and increasing globalization and trade will drive the market. Factors that could hinder the growth of the airline technology integration market in the future include supply chain disruptions.
The airline technology integration market is segmented by offering into software and hardware. The software market was the largest segment of the airline technology integration market segmented by offering, accounting for 80% or $16.84 billion of the total in 2023. Going forward, the software segment is expected to be the fastest growing segment in the airline technology integration market segmented by offering, at a CAGR of 14.86% during 2023-2028.
The airline technology integration market is segmented by deployment into on-premises and cloud. The on-premises market was the largest segment of the airline technology integration market segmented by deployment, accounting for 66.6% or $14.02 billion of the total in 2023. Going forward, the on-premises segment is expected to be the fastest growing segment in the airline technology integration market segmented by deployment, at a CAGR of 15.97% during 2023-2028.
The airline technology integration market is segmented by technology into internet of things (IoT), cybersecurity, artificial intelligence, advanced analytics, biometrics, blockchain, wearable technology and other technologies. The cybersecurity market was the largest segment of the airline technology integration market segmented by technology, accounting for 24% or $5.05 billion of the total in 2023. Going forward, the cybersecurity segment is expected to be the fastest growing segment in the airline technology integration market segmented by technology, at a CAGR of 16.40% during 2023-2028.
North America was the largest region in the airline technology integration market, accounting for 35.8% or $7.53 billion of the total in 2023. It was followed by Asia-Pacific, Africa and then the other regions. Going forward, the fastest-growing regions in the airline technology integration market will be Asia-Pacific and Africa, where growth will be at CAGRs of 17.00% and 16.45% respectively. These will be followed by the Middle East and South America, where the markets are expected to grow at CAGRs of 15.98% and 15.31% respectively.
The global airline technology integration market is highly fragmented, with a large number of players operating in the market. The top ten competitors in the market made up 6.43% of the total market in 2023. Honeywell International Inc. was the largest competitor with a 0.97% share of the market, followed by SITA (Société Internationale de Télécommunications Aéronautiques) with 0.71%, Thales Group with 0.67%, Sabre Corporation with 0.63%, Raytheon Technologies Corporation with 0.62%, Airbus SE with 0.62%, Panasonic Avionics Corporation with 0.58%, GE Aerospace with 0.56%, L3 Harris Corporation with 0.56% and Amadeus IT Group SA with 0.51%.
The top opportunities in the airline technology integration market segmented by offering will arise in the software segment, which will gain $16.83 billion of global annual sales by 2028. The top opportunities in the airline technology integration market segmented by deployment will arise in the on-premises segment, which will gain $12.75 billion of global annual sales by 2028. The top opportunities in the airline technology integration market segmented by technology will arise in the cybersecurity segment, which will gain $5.75 billion of global annual sales by 2028. The airline technology integration market size will gain the most in the USA at $5.47 billion.
Market-trend-based strategies for the airline technology integration market include development of augmented reality (AR) in-flight experience, enhancing airline operations with facial recognition technology and integration of automation in customer service and baggage handling.
Player-adopted strategies in the airline technology integration market include focus on strengthening business operations through the launch of new products and solutions and enhancing operational capabilities through strategic partnerships.
To take advantage of the opportunities, the analyst recommends the airline technology integration companies to focus on augmented reality for enhanced in-flight experiences, focus on facial recognition for enhanced operational efficiency, focus on automating airport operations for enhanced efficiency, focus on software solutions for growth in airline technology integration, focus on cybersecurity solutions for growth in airline technology integration, expand in emerging markets, continue to focus on developed markets, focus on strategic partnerships for enhanced operational capabilities, provide competitively priced offerings, participate in trade shows and events, continue to use B2B promotions and focus on targeting airlines effectively.
The global airline technology integration market reached a value of nearly $21.05 billion in 2023, having grown at a compound annual growth rate (CAGR) of 8.05% since 2018. The market is expected to grow from $21.05 billion in 2023 to $41.52 billion in 2028 at a rate of 14.55%. The market is then expected to grow at a CAGR of 12.80% from 2028 and reach $75.84 billion in 2033.
Growth in the historic period resulted from the rising number of air travel passengers, growing integration of artificial intelligence, increasing government support, rising internet penetration and increasing commercial aircraft orders. Factors that negatively affected growth in the historic period include shortage of skilled labor and increasing raw material costs.
Going forward, the growing travel and tourism industries, increasing digitalization, rising urbanization, increasing adoption of 5G connectivity and increasing globalization and trade will drive the market. Factors that could hinder the growth of the airline technology integration market in the future include supply chain disruptions.
The airline technology integration market is segmented by offering into software and hardware. The software market was the largest segment of the airline technology integration market segmented by offering, accounting for 80% or $16.84 billion of the total in 2023. Going forward, the software segment is expected to be the fastest growing segment in the airline technology integration market segmented by offering, at a CAGR of 14.86% during 2023-2028.
The airline technology integration market is segmented by deployment into on-premises and cloud. The on-premises market was the largest segment of the airline technology integration market segmented by deployment, accounting for 66.6% or $14.02 billion of the total in 2023. Going forward, the on-premises segment is expected to be the fastest growing segment in the airline technology integration market segmented by deployment, at a CAGR of 15.97% during 2023-2028.
The airline technology integration market is segmented by technology into internet of things (IoT), cybersecurity, artificial intelligence, advanced analytics, biometrics, blockchain, wearable technology and other technologies. The cybersecurity market was the largest segment of the airline technology integration market segmented by technology, accounting for 24% or $5.05 billion of the total in 2023. Going forward, the cybersecurity segment is expected to be the fastest growing segment in the airline technology integration market segmented by technology, at a CAGR of 16.40% during 2023-2028.
North America was the largest region in the airline technology integration market, accounting for 35.8% or $7.53 billion of the total in 2023. It was followed by Asia-Pacific, Africa and then the other regions. Going forward, the fastest-growing regions in the airline technology integration market will be Asia-Pacific and Africa, where growth will be at CAGRs of 17.00% and 16.45% respectively. These will be followed by the Middle East and South America, where the markets are expected to grow at CAGRs of 15.98% and 15.31% respectively.
The global airline technology integration market is highly fragmented, with a large number of players operating in the market. The top ten competitors in the market made up 6.43% of the total market in 2023. Honeywell International Inc. was the largest competitor with a 0.97% share of the market, followed by SITA (Société Internationale de Télécommunications Aéronautiques) with 0.71%, Thales Group with 0.67%, Sabre Corporation with 0.63%, Raytheon Technologies Corporation with 0.62%, Airbus SE with 0.62%, Panasonic Avionics Corporation with 0.58%, GE Aerospace with 0.56%, L3 Harris Corporation with 0.56% and Amadeus IT Group SA with 0.51%.
The top opportunities in the airline technology integration market segmented by offering will arise in the software segment, which will gain $16.83 billion of global annual sales by 2028. The top opportunities in the airline technology integration market segmented by deployment will arise in the on-premises segment, which will gain $12.75 billion of global annual sales by 2028. The top opportunities in the airline technology integration market segmented by technology will arise in the cybersecurity segment, which will gain $5.75 billion of global annual sales by 2028. The airline technology integration market size will gain the most in the USA at $5.47 billion.
Market-trend-based strategies for the airline technology integration market include development of augmented reality (AR) in-flight experience, enhancing airline operations with facial recognition technology and integration of automation in customer service and baggage handling.
Player-adopted strategies in the airline technology integration market include focus on strengthening business operations through the launch of new products and solutions and enhancing operational capabilities through strategic partnerships.
To take advantage of the opportunities, the analyst recommends the airline technology integration companies to focus on augmented reality for enhanced in-flight experiences, focus on facial recognition for enhanced operational efficiency, focus on automating airport operations for enhanced efficiency, focus on software solutions for growth in airline technology integration, focus on cybersecurity solutions for growth in airline technology integration, expand in emerging markets, continue to focus on developed markets, focus on strategic partnerships for enhanced operational capabilities, provide competitively priced offerings, participate in trade shows and events, continue to use B2B promotions and focus on targeting airlines effectively.
Table of Contents
1 Executive Summary
6 Market Characteristics
7 Major Market Trends
8 Airline Technology Integration Market - Macro Economic Scenario
9 Global Market Size and Growth
10 Global Airline Technology Integration Market Segmentation
11 Airline Technology Integration Market, Regional and Country Analysis
12 Asia-Pacific Market
13 Western Europe Market
14 Eastern Europe Market
15 North America Market
16 South America Market
17 Middle East Market
18 Africa Market
19 Competitive Landscape and Company Profiles
20 Other Major and Innovative Companies
23 Key Mergers and Acquisitions
24 Opportunities and Strategies
25 Airline Technology Integration Market, Conclusions and Recommendations
26 Appendix
Executive Summary
Airline Technology Integration Global Market Opportunities And Strategies To 2033 provides the strategists; marketers and senior management with the critical information they need to assess the global airline technology integration market as it emerges from the COVID-19 shut down.Reasons to Purchase:
- Gain a truly global perspective with the most comprehensive report available on this market covering 15 geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
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- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis.
Description
Where is the largest and fastest-growing market for airline technology integration? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The airline technology integration 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 history and forecasts market growth by geography. It places the market within the context of the wider airline technology integration market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics- Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by offering, by deployment and by technology.
- Key Trends- Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Macro-Economic Scenario- The report provides an analysis of the impact of the COVID-19 pandemic, impact of the Russia-Ukraine war and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the airline technology integration market.
- Global Market Size And Growth- Global historic (2018-2023) and forecast (2023-2028, 2033F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional And Country Analysis- Historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison by region and country.
- Market Segmentation- Contains the market values (2018-2023) (2023-2028, 2033F) and analysis for each segment by offering, by deployment and by technology in the market. Historic (2018-2023) and forecast (2023-2028) and (2028-2033) market values and growth and market share comparison by region market.
- Regional Market Size and Growth- Regional market size (2023), historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape- Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Other Major And Innovative Companies Details on the company profiles of other major and innovative companies in the market.
- Competitive Benchmarking- Briefs on the financials comparison between major players in the market.
- Competitive Dashboard- Briefs on competitive dashboard of major players.
- Key Mergers and Acquisitions- Information on recent mergers and acquisitions in the market is covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Market Opportunities And Strategies- Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations- This section includes recommendations for airline technology integration providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix- This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
1) By Offering: Software; Hardware2) By Deployment: On-Premises; Cloud
3) By Technology: Internet Of Things (IoT); Cybersecurity; Artificial Intelligence; Advanced Analytics; Biometrics; Blockchain; Wearable Technology; Other Technologies
Key Companies Mentioned: Honeywell International Inc.; SITA (Société Internationale de Télécommunications Aéronautiques); Thales Group; Sabre Corporation; Raytheon Technologies Corporation
Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; Italy; Spain; UK; Russia
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; airline technology integration indicators comparison.
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.
Companies Mentioned
- Honeywell International Inc.
- SITA (Société Internationale de Télécommunications Aéronautiques)
- Thales Group
- Sabre Corporation
- Raytheon Technologies Corporation
- Airbus SE
- Panasonic Avionics Corporation
- GE Aerospace
- L3 Harris Corporation
- Amadeus IT Group SA
- Air India Ltd.
- Korean Air Lines Co., Ltd.
- EHang Holdings Limited.
- China Airlines Limited.
- Superior Aviation Beijing Co Ltd.
- Mitsubishi Aircraft Corporation
- Kawanishi Aircraft Company
- ShinMaywa Aircraft Industries Ltd.
- The Boeing Company
- Foxcon Aviation.
- Italia Trasporto Aereo S.p. A.
- KM Malta Airlines Ltd.
- British Airways plc
- Bombardier Inc.
- Embraer
- McDonnell Douglas
- LOT Polish Airlines SA.
- PJSC Aeroflot
- Air Canada
- GOL Linhas Aéreas Inteligentes S.A.
- Collins Aerospace
- Etihad Airways
- Marshall Middle East
- Riyadh Air
- Kenya Airways
- Ethiopian Airlines
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 290 |
Published | September 2024 |
Forecast Period | 2023 - 2033 |
Estimated Market Value ( USD | $ 21.1 Billion |
Forecasted Market Value ( USD | $ 75.8 Billion |
Compound Annual Growth Rate | 13.7% |
Regions Covered | Global |
No. of Companies Mentioned | 36 |