Airline Technology Integration Market Analysis, Latest Developments And Objectives Report 2033

Global airline technology integration market size is expected to $39.29 Bn by 2028 at a rate of 13.3%, segmented as by offering, software, hardware

Jun 21, 2024 - 12:36

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Overview and Scope
Airline technology integration refers to the process of seamless integration of software, hardware, and modern technological solutions into many aspects of airline operations to improve efficiency, safety, and passenger experiences. It is used to streamline operations, cut expenses, and boost productivity by enabling real-time communication, data exchange, and process automation throughout the airline's whole ecosystem.

Sizing and Forecast
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 in the historic period can be attributed to increased passenger traffic, demand for operational efficiency, focus on enhanced safety, increased customer expectations, and 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 growth in the forecast period can be attributed to increasing air travel demand, enhanced safety and security requirements, shift towards sustainable aviation, demand for seamless passenger experience, and focus on operational excellence. Major trends in the forecast period include the adoption of voice recognition technology, eco-friendly aircraft technologies, adoption of 5G connectivity, the integration of artificial intelligence, and the integration of augmented reality.

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Segmentation & Regional Insights
The airline technology integration market covered in this report is segmented –

1) By Offering: Software, Hardware
2) By Deployment: On-Premises, Cloud
3) By Technology: Internet Of Things (IoT), Cybersecurity, Artificial Intelligence, Advanced Analytics, Biometrics, Blockchain, Wearable Technology, Other Technologies

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.

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Major Driver Impacting Market Growth
The rising number of passengers opting for air travel is expected to propel the growth of the airline technology integration market going forward. Air travel refers to the transportation of passengers or cargo by aircraft, typically across long distances, utilizing the earth's atmosphere as a medium for flight. The rising number of passengers opting for air travel is driven by factors such as increased affordability, convenience, and the expansion of airline routes. Air travel passengers utilize airline technology integration for streamlined booking, seamless check-in processes, personalized travel experiences, and real-time flight updates. For instance, in March 2023, according to the Bureau of Transportation Statistics, a US-based government agency, the number of passengers transported by American airlines surged by 30%, from 658 million in 2021 to 853 million in 2022. Therefore, the rising number of passengers opting for air travel is driving the growth of the airline technology integration market.

Key Industry Players
Major companies operating in the airline technology integration market report 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.

The airline technology integration market report table of contents includes:

1. Executive Summary

2. Airline Technology Integration Market Characteristics

3. Airline Technology Integration Market Trends And Strategies

4. Airline Technology Integration Market - Macro Economic Scenario

5. Global Airline Technology Integration Market Size and Growth

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32. Global Airline Technology Integration Market Competitive Benchmarking

33. Global Airline Technology Integration Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Airline Technology Integration Market

35. Airline Technology Integration Market Future Outlook and Potential Analysis

36. Appendix