The Airline Route Planning Software Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Airline Route Planning Software Global Market Report 2024, The airline route planning software market size is expected to see strong growth in the next few years. It will grow to $10.7 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecast period can be attributed to digital transformation, real-time data utilization, global economic growth, focus on operational efficiency, data analytics for business intelligence. Major trends in the forecast period include dynamic route optimization, collaborative planning platforms, autonomous flight planning, blockchain for security and transparency, multi-modal connectivity.
The increasing demand for air travel is expected to propel the growth of the airline route planning software market going forward. Air travel refers to the process of going from place to place by any flying object, such as airplanes, helicopters, balloons, or anything that can fly. Airline route planning software is used in air travel to provide airlines with tools to optimize their flight routes, improve fleet efficiency, and maximize cost-to-revenue ratios. It also helps airlines analyze vast amounts of data to predict market demand, assess route profitability, and optimize flight plans. For instance, in September 2023, according to reports published by the International Air Transport Association, a Canada-based trade association of the world's airlines, total air traffic in July 2023 increased by 26.2% compared to July 2022, and the amount of foreign traffic increased by 29.6% in comparison to the same month last year. Therefore, increasing air travel demand is driving the growth of the airline route planning software market.
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The airline route planning software market covered in this report is segmented –
1) By Type: Fares Management And Pricing, Planning And Scheduling, Revenue Management, Other Software
2) By Pricing Option: Subscription-Based, One-Time License
3) By Deployment: Web-based, Cloud-based
4) By Application: Large Enterprise, Small-Medium Enterprise
Major companies operating in the airline route planning software market are increasing their focus on developing innovative solutions leveraging advanced technologies, such as satellite-based flight tracking data, to gain a competitive edge in the market. Satellite-based flight tracking data is collected through a network of satellites that allows for a more comprehensive and global view of air traffic, enabling businesses to identify aircraft demand, analyze route performance, and make informed network planning decisions. For instance, in March 2023, Cirium, a UK-based aviation analytics company, launched the first airline routes tool using satellite-based flight tracking to identify actual flights flown by aircraft type. With the help of this tool, companies can use data on aircraft demand and airline network growth and reduction to factor in development prospects and risks when making decisions. The Cirium tool combines extensive fleet data with applied analytics to determine airline routes.
The airline route planning software market report table of contents includes:
1. Executive Summary
2.Airline Route Planning Software Market Characteristics
3.Airline Route Planning Software Market Trends And Strategies
4.Airline Route Planning Software Market analysis
5.Airline Route Planning Software Market Size And Growth
6.Airline Route Planning Software Segmentation
7.Airline Route Planning Software Regional And Country Analysis
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27.Airline Route Planning Software Competitive Landscape And Company Profiles
28.Airline Route Planning SoftwareCKey Mergers And Acquisitions
29.Airline Route Planning Software Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- The Boeing Company
- Airbus SE (Airbus Group)
- International Business Machines Corporation
- Honeywell International Inc.
- Lufthansa Systems AG (Lufthansa Group)
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