Tuesday, 15 March 2016

North America has the Largest Share in Commercial Aviation Crew Management System Market

Commercial aviation crew management system include different operational systems which perform functions such as crew manifest, crew manning, sick, vacation, and absence management, training, special capability and credentials and contract rules management among others. The escalation of global air traffic and increasing need for system upgradation in order to manage crew and employees are positively influencing the growth of the market for crew management systems.

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Global Commercial Aviation Crew Management System Market was valued at US$2.09 bn in 2014, growing at a CAGR of 8.8% from 2015 to 2023 to account for US$4.39 bn by 2023. The market for crew management system in the global commercial aviation industry is primarily being driven by the escalating emphasis in improving the optimization of resources, which leads to improving operational efficiencies. The growth in demand for real time data and adoption of advancing technologies in order to reduce additional cost are the key driving factors for the global commercial aviation crew management system market. Coupled with the rising air traffic and the positive transformation of the global commercial aviation industry, the demand for advanced automated systems among airlines, airports and other buyers is on escalation worldwide. Owing to these factors the market for commercial aviation crew management systems is expected to grow significantly over the forecast period.

The airlines worldwide are in constant pursuit of expanding their fleet and employee strength to sustain in the competition and improve their market share. The segmentation based on geography includes, North America, Europe, Asia Pacific and Rest of the World (RoW) which comprises of Middle East, Africa and South America. North America is estimated to account for the largest market share in the global commercial aviation crew management system market and is expected to continue its dominance during the forecast period. Factors such as the rising demand for real time data, increasing competition among airlines, airports and IT solution providers in the region and increasing air traffic are considered to be the major drivers of the market for crew management system in the commercial aviation industry of North America. Following North America, the commercial aviation crew management system market in Europe is estimated to be growing at a steady pace over the forecast period. Europe is currently estimated to account for the second largest share in the global commercial aviation crew management system market. The growing demand for real time crew monitoring, escalating emphasis on improving productivity across the airlines fleet and optimization of resources among others are currently driving the market for crew management system in Europe.

Analysis of macroeconomic factors influencing and inhibiting the growth of the global commercial aviation crew management system market has been covered under the scope of the study. The market attractiveness analysis provided in the report, highlights the major areas for investing in the global commercial aviation crew management system industry. The report is intended to help aviation IT solution providers; airport authorities, service providers, governments and airlines among others in understanding the present and future trends in commercial aviation crew management system market and formulate their business strategies accordingly.

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