Air Freight Software Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Air Freight Software Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Air Freight Software Market

The air freight software market size was valued at USD 6.02 billion in 2022, and the market is now projected to grow from USD 6.34 billion in 2023 to USD 7.41 billion by 2030, exhibiting a CAGR of 2.3% during the forecast period of 2023-2030.

This year, the aviation industry was tested by shutting down borders for international travel, fewer people booking flights due to the COVID-19 pandemic, and taking measures to ensure travelers’ safety. There have been many negative factors that have led to the air freight software market growth such as disruption in the supply chain around the world, the constraint of airspace capacity, and cancellation of passenger flights, which has affected cargo traffic around the world.

Electronic commerce or E-commerce means carrying out trading activities through the use of Electronic Systems of Transaction commonly referred to as the World Wide Web. It enables people and companies to make deals in the formal or business sense without needing a store. Starting from the popularity of social networks to the penetration of brand messengers, there are several factors why e-commerce does not stall. Having grown as a result of the trend of online shopping, domestic and international courier services have been called into existence. Furthermore, air freight is the quickest method of moving freight hence remains the only option for one’s e-business company. Also, the rising number of airlines engaged in cargo and freighting businesses around the world is influencing the market. With increased numbers of airline companies, there is always a demand for effective software to handle cargo activities. In sum, all the said aspects combine to determine the air freight software market share.

Digital twins with artificial intelligence are evolving as a significant trend in the air freight software market as they improve the visibility and productivity of the shipment. It enables real-time tracking, emulation and, optimization of air logistics freight decisions Chou et al., (2011) enhancing decision-making processes and cutting costs for all the players in the industry.

Comprehensive Analysis of Air Freight Software Market

Details of the Air Freight Software Market also provided include the deployment model in which the software can be in-premise or cloud-based, and the air freight service where it can be expedited, standard services, or deferred services. They exist in this market for freight management and tracking and for monitoring the movement of products, in warehouse management, for managing prices and revenues, and in routing scheduling and delivery tracking. The key stakeholders in the air freight software market include various logistics service providers including cargo airlines, commercial airlines, e-commerce companies, and third-party communications freight service providers among others.

North America was accounting a sizable market share in the air freight software market in 2022. Specifically, the market in North America was valued at USD 1. 70 billion in 2022. Currently, the implementation of air freight software in North America is minimally propelled by growth in the usage of air freight services and growth in North America’s fleet.

Champ Cargosystems(Luxembourg), Freight Pop (U.S.), Freightdata 2000 (U.K.), IBS (India), Inform Software (U.S.), Magaya (U.S.), Riege Software (Germany), The Descartes Systems Group Inc. (Canada), TMSfirst (U.S.), and WiseTech Global (Australia) are some major players in this industry. These groups of companies who are leaders within the discipline offer a stage playing field for all their competitors as they guarantee increase and set requirements for the arena.

In May 2023, Speedcargo partnered with Gudel to increase the sector's first automatic robotic cargo coping with an answer for air shipment.

Segmentation Table

Global Air Freight Software Market Scope

Study Period 2019-2030

Base Year 2022

Estimated Year 2023

Forecast Period 2023-2030

Historical Period 2019-2021

Growth Rate CAGR of2.3% from 2023 to 2030

Unit Value (USD Billion)

By DeploymentOn-Premise

Cloud Based

By Air Freight ServiceExpedited Service

Standard Service

Deferred Service

By Application Freight Handling

Freight Tracking and Monitoring

Warehouse Management

Price and Revenue Management

Freight Routing and Scheduling

Delivery Tracking

By End-UserCargo Airlines

Commercial Airlines

E-Commerce Companies

Third Party Freight Service Providers

Others

By Region North America (By Deployment, Air Freight Service, Application, End-User, and Country)

- U.S. (By End User)

- Canada (By End User)

Europe (Deployment, Air Freight Service, Application, End-User, and Country)

- U.K. (By End User)

- Germany (By End User)

- France (By End User)

- Rest of Europe (By End User)

Asia Pacific (By Deployment, Air Freight Service, Application, End-User, and Country)

- China (By End User)

- India (By End User)

- Japan (By End User)

- South Korea (By End User)

- Rest of Asia Pacific

Rest of the World (By Deployment, Air Freight Service, Application, End-User, and Country)

- Latin America (By End User)

- Middle East & Africa (By End User)


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