Stratistics MRC’s Global Airline Technology Integration Market value is expected to reach $92.27 billion growing at a CAGR of 17.6% during 2023-2030.
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.
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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.
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.
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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.
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
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