Aviation Software Market Research Report: Information by Application (Airports and Airlines), Software Type (Management Software, Analysis Software, Design Software, Simulation Software and MRO Software) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and Latin America) - Forecast till 2028
Market Forecast
Global Aviation Software Market is projected to register a CAGR of 3.1% during the forecast period from 2020 to 2028. Technological advancements in aviation software, rising air passenger traffic, and increasing demand for digital aviation maintenance software are driving the growth of the market. Furthermore, rising demand from emerging economies such as India and China is also expected to drive the growth of the market. The increasing collaborations between prominent companies are also expected to drive market growth. For example, in 2018, HCL Technologies signed a reseller agreement with SAP SE. Under the terms of this agreement, SAP SE will resell HCL Technologies’ MRO solutions under the brand SAP Enterprise Asset Management.
However, issues such as the limited budget for the adoption of the integrated MRO software suite and stringent aviation regulations might hamper the growth of the Aviation Software Market . Moreover, the ongoing COVID-19 pandemic might also impact market growth. However, with the adoption of aviation software, airlines can improve business performance through the real-time insights gained from the software.
Market USP
Increasing investments in connected aircraft are expected to drive the growth of the market.
Growth Opportunities in the Market
- Airport Segment to Register the Higher Growth Rate: By application, the airport segment is expected to register the higher CAGR during the forecast period, 2020 to 2028. The rise in air passenger traffic and freight transit at airports globally is expected to drive the growth of the segment.
- Management Software Segment Expected to Register the Highest CAGR: The management software segment is expected to exhibit the highest growth rate during the forecast period. The increasing demand for management software by airlines and airports to smoothen operations and offer enhanced traveling experience to passengers is expected to drive the growth of the segment. Furthermore, increasing product launches by prominent technology companies to strengthen their market positions is also expected to drive the growth of this segment.
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Key Players
- SITA (Switzerland)
- Epicor Software Corporation (US)
- CAMP Systems, Inc. (US)
- SYSPRO (South Africa)
- HCL Technologies (India)
- IBM Corporation (US)
- Oracle Corporation (US)
- Ramco Systems (India)
- Rusada (Switzerland)
- Honeywell International, Inc. (US)
- GE Aviation (US)
Other Prominent Players
- SAP SE (Germany)
- Swiss Aviation Software Ltd. (Switzerland)
- Traxxall Technologies (Canada)
- Wipro Limited (India)
- NAVBLUE (Canada)
- Renishaw plc. (UK)
- Woodstar Software Ltd. (UK)
- TRANSOFT SOLUTIONS (Canada)
- Cargoflash Infotech (India)
- Brock Solutions (Canada)
- J2 Aircraft Dynamics (UK)
- INDRA (Spain)
- Damarel Systems International (UK)
- ICTS Europe Systems (UK)
- IDS INGEGNERIA DEI SISTEMI (Italy)
- DASSAULT SYSTEMES (France)
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Table Of Contents
- EXECUTIVE SUMMARY
1.1. MARKET ATTRACTIVENESS ANALYSIS
1.1.1. GLOBAL AVIATION SOFTWARE MARKET, BY APPLICATION
1.1.2. GLOBAL AVIATION SOFTWARE MARKET, BY SOFTWARE TYPE
1.1.3. GLOBAL AVIATION SOFTWARE MARKET, BY REGION
- MARKET INTRODUCTION
2.1. MARKET DEFINITION
2.2. SCOPE OF THE STUDY
2.3. MARKET STRUCTURE
2.4. KEY BUYING CRITERIA
2.5. MARKET FACTOR INDICATOR ANALYSIS
- RESEARCH METHODOLOGY
3.1. RESEARCH PROCESS
3.2. PRIMARY RESEARCH
3.3. SECONDARY RESEARCH
3.4. MARKET SIZE ESTIMATION
3.5. SOFTWARE MODEL
3.6. LIST OF ASSUMPTIONS
- MARKET INSIGHTS
- MARKET DYNAMICS
5.1. INTRODUCTION
5.2. DRIVERS
5.2.1. ADVANCEMENT IN TECHNOLOGY
5.2.2. INCREASING DEMAND FOR DIGITAL AVIATION MAINTENANCE SOFTWARE
5.2.3. INCREASE IN THE DEMAND FROM EMERGING ECONOMICS SUCH AS INDIA AND CHINA
5.2.4. DRIVERS IMPACT ANALYSIS
5.3. RESTRAINTS
5.3.1. LIMITED BUDGET FOR THE ADOPTION OF THE INTEGRATED MRO SOFTWARE SUITE
5.3.2. STRINGENT AVIATION REGULATIONS
5.3.3. RESTRAINTS IMPACT ANALYSIS
5.4. OPPORTUNITIES
5.5. MARKET/TECHNOLOGICAL TRENDS
5.6. PATENT TRENDS
5.7. REGULATORY LANDSCAPE/STANDARDS
- MARKET FACTOR ANALYSIS
6.1. SUPPLY CHAIN ANALYSIS
6.1.1. R&D
6.1.2. MANUFACTURING
6.1.3. DISTRIBUTION & SALES
6.1.4. POST-SALES MONITORING
6.2. PORTER’S FIVE FORCES ANALYSIS
6.2.1. THREAT OF NEW ENTRANTS
6.2.2. BARGAINING POWER OF SUPPLIERS
6.2.3. BARGAINING POWER OF BUYERS
6.2.4. THREAT OF SUBSTITUTES
6.2.5. INTENSITY OF RIVALRY
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