PUBLISHER: The Business Research Company | PRODUCT CODE: 1499776
PUBLISHER: The Business Research Company | PRODUCT CODE: 1499776
Airline technology integration involves the seamless incorporation of software, hardware, and modern technological solutions across multiple facets of airline operations to enhance efficiency, safety, and passenger experiences. This integration aims to optimize operations, reduce costs, and increase productivity by facilitating real-time communication, data exchange, and process automation throughout the airline ecosystem.
The primary offerings within airline technology integration encompass software and hardware solutions. Airline technology integration software comprises systems designed to streamline and consolidate various technological components within airlines to support efficient operations. These software solutions can be deployed either on-premise or in the cloud, leveraging a range of technologies such as the Internet of Things (IoT), cybersecurity measures, artificial intelligence, advanced analytics, biometrics, blockchain technology, wearable devices, and other cutting-edge innovations.
The airline technology integration research report is one of a series of new reports from The Business Research Company that provides airline technology integration market statistics, including the airline technology integration industry's global market size, regional shares, competitors with an airline technology integration market share, detailed airline technology integration market segments, market trends and opportunities, and any further data you may need to thrive in the airline technology integration industry. This airline technology integration market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The airline technology integration market size has grown rapidly in recent years. It will grow from $21.06 billion in 2023 to $23.81 billion in 2024 at a compound annual growth rate (CAGR) of 13.1%. The growth observed in the historic period can be attributed to several key factors, including the growth in passenger traffic, the demand for operational efficiency within airlines, a heightened focus on enhanced safety measures, increasing customer expectations for seamless travel experiences, and the rise of low-cost carriers.
The airline technology integration market size is expected to see rapid growth in the next few years. It will grow to $39.29 billion in 2028 at a compound annual growth rate (CAGR) of 13.3%. The anticipated growth in the forecast period can be attributed to several key factors, including the increasing demand for air travel, heightened safety and security requirements, a shift towards sustainable aviation practices, the demand for seamless passenger experiences, and a focus on operational excellence within the airline industry. Additionally, major trends expected in this period include the adoption of voice recognition technology to enhance passenger interactions, the incorporation of eco-friendly aircraft technologies to reduce environmental impact, the adoption of 5G connectivity to improve in-flight services and connectivity, the integration of artificial intelligence to streamline operations and decision-making processes, and the integration of augmented reality to enhance passenger experiences and training procedures.
The increasing preference for air travel among passengers is expected to drive the growth of the airline technology integration market in the foreseeable future. Air travel involves the transportation of passengers or cargo by aircraft, typically over long distances, utilizing the earth's atmosphere as a medium for flight. The growing number of passengers choosing air travel is fueled by factors such as improved affordability, convenience, and the expansion of airline routes. Passengers rely on airline technology integration for streamlined booking processes, seamless check-in experiences, personalized travel services, and real-time flight updates. For example, based on data from the Bureau of Transportation Statistics in March 2023, the number of passengers transported by American airlines witnessed a substantial increase of 30%, rising from 658 million in 2021 to 853 million in 2022. This surge in air travel passengers is a key driver behind the growth of the airline technology integration market.
Prominent companies in the airline technology integration market are directing their efforts towards introducing advanced solutions, such as facial recognition technology, to enhance operational efficiency and gain a competitive advantage. Facial recognition technology in airlines refers to a technological solution that streamlines check-in, security, and boarding procedures, thereby improving efficiency and security measures. For instance, in February 2023, Air Canada, a Canada-based airline company, launched the Digital Identification Pilot, a facial recognition technology integrated into the Air Canada app. This allows passengers to create a digital profile beforehand, enabling them to board the plane without the need for paper documents by verifying their identity using facial recognition technology at airports. Air Canada became the first airline to introduce this facial recognition technology, simplifying and streamlining the identification process for passengers, leading to a more efficient and secure boarding experience.
In April 2024, Amadeus, a Spain-based technology company, acquired Vision-Box for $343.27 million (€320 million). This strategic acquisition enables Amadeus to deliver a seamlessly integrated traveler journey, covering the entire process from booking to airport arrival. The acquisition incorporates innovative biometric technology and border control solutions into Amadeus's portfolio, enhancing the traveler experience and operational efficiency. Vision-Box, a Portugal-based travel technology company specializing in airport, airline, and border control biometrics solutions, brings valuable expertise and capabilities to Amadeus, strengthening its position in the airline technology integration market.
Major companies operating in the airline technology integration market are Microsoft Corporation, Hitachi Ltd., Raytheon Technologies Corporation, The Boeing Company, Airbus SE, Accenture plc, International Business Machines Corporation, General Electric Company, Oracle Corporation, Honeywell International Inc., Safran S.A., Thales Group, Palo Alto Networks Inc., Garmin Ltd., Amadeus IT Group SA, Sabre Corporation, Viasat Inc., Cubic Corporation, SITA, Gogo Inc.
North America was the largest region in the airline technology integration market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the airline technology integration market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the airline technology integration market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The airline technology integration market consists of revenues earned by entities providing services such as data analytics services, hardware installation and maintenance, and cybersecurity solutions. The market value includes the value of related goods sold by the service provider or included within the service offering. The airline technology integration market also includes sales of biometric authentication devices, flight management systems, onboard connectivity equipment, and baggage handling systems. 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 the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Airline Technology Integration Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on airline technology integration 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.
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 from the Business Research Company 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 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.