A Airline Technology Integration Market Forecasts to 2030 – Global Analysis By Component (Hardware and Software), Technology (Wearable Technology, Internet of Things (IoT)

Airline Technology Integration Market Forecasts to 2030 – Global Analysis By Component (Hardware and Software), Technology (Wearable Technology, Internet of Things (IoT), Advanced Analytics, Artificial Intelligence, Blockchain, Biometrics, Cybersecurity and Other Technologies) and By GeographyAccording to Stratistics MRC, the Global Airline Technology Integration Market is accounted for $29.66 billion in 2023 and is expected to reach $92.27 billion by 2030 growing at a CAGR of 17.6% during the forecast period. 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.

According to a report, government in Asia-Pacific has announced to spend $2.85 billion for the development of aerospace and defense sector.

Market Dynamics:

Driver:

Expansion of the airline sector

The growth in air travel, e-commerce, and logistical transportation in recent years may be attributed to the enormous expansion of the airline industry. Artificial intelligence is responsible for the increasing personalization and optimization of digital interactions between airlines and passengers. Based on the social mood of the passengers, the airline industry uses AI to customize its services to the demands of its clients. Lower operational and investment expenses are a result of the considerable technology developments in the airline IT systems sector. Furthermore, smart airport IT professionals are looking for innovative methods to increase operational efficiency and the passenger experience, which is projected to drive airline technology integration market growth during the forecast period.

Restraint:

Risk of autopilot failures

Autopilot technique is dangerous and unreliable since aircraft malfunctions can lead to potentially serious accidents. Flight computers may experience issues with their several internal DC power supplies. They could be temperature-sensitive cold or hot, failing at a specific temperature. Additionally, the flight crew may not be adequately notified of automation faults or malfunctions or of their impacts. Future market share growth for aviation technology integration is probably going to be hindered by such problems.

Opportunity:

Raising digital technology adoption

Airports and their customers will benefit from the deployment of digital technologies. The use of digital technologies improves passenger satisfaction. Improved flight management processing is anticipated to result in fewer delays and increased rates of baggage return. End-to-end biometrics is anticipated to enhance the travelling experience for passengers, enabling them to enter the airport with little effort and enjoy a hassle-free journey. For the major market players active throughout the projected period, these variables are anticipated to generate a wide range of possibilities.

Threat:

High cost of integration

It costs a lot to create, run, and maintain an airplane. In order to meet performance, economic, safety, and environmental criteria for aircraft and ground systems, it is exceedingly expensive and takes decades of research and development to integrate new technology into an operating commercial supersonic aircraft. All aspects must fully satisfy the integration requirements for the design, software, interiors, cutting-edge engines, and many other things. Thus, this factor prevents the market from growing.

Covid-19 Impact

The COVID-19 pandemic has also had an impact on the development of the industry for aircraft technology integration. While the sector experienced unheard-of difficulties, it served as a reminder of how important flexibility and agility are. As travel limitations and safety standards changed, airlines resorted to integrated technology to adopt contactless processes, virtual customer support, and streamline their operations. The digitization of processes has also elevated to the top of the priority list in the aftermath of the COVID-19 epidemic.

The software segment is expected to be the largest during the forecast period

The software segment is estimated to have a lucrative growth. Application software, systems, and information technology services for airlines all fall under the category of software. Several airport software providers offer off-the-shelf solutions for specialized tasks like maintenance or airport operations. But most of them provide integrated systems composed of modules for diverse tasks. Such airline technology integration applications in the aviation industry will undoubtedly open up opportunities for the segment to flourish over the course of the projection period.

The cybersecurity segment is expected to have the highest CAGR during the forecast period

The cybersecurity segment is anticipated to witness the fastest CAGR growth during the forecast period. Aviation places a high focus on maintaining operations that are secure, safe, and robust. In order to ensure the safety and security of air travel, it is now essential to safeguard aviation systems and data from unauthorized access due to the rising usage of digital technology and the increase of cyber threats. To protect crucial airline infrastructure, cybersecurity integration requires putting in place strong firewalls, intrusion detection systems, and encryption techniques. As a result, the segment's growth is being fueled by the protection of critical data and safe passenger experiences.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to significant increase in air travel demand. Due to this, there is an increasing need for airline technology integration solutions in the region, providing attractive development opportunities for market participants. Regional suppliers like Radixx International, Intelisys Aviation Systems, and Crane PAX are well-represented in Asia Pacific. The airline technology integration market is being driven by major hub for air travel, which has resulted in rising passenger volumes, expanding airline fleets, and the emergence of low-cost carriers (LCCs).

Region with highest CAGR:

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.

Key players in the market

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.

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.

Components Covered:
• Hardware
• Software

Technologies Covered:
• Wearable Technology
• Internet of Things (IoT)
• Advanced Analytics
• Artificial Intelligence
• Blockchain
• Biometrics
• Cybersecurity
• Other Technologies

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

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