Airline Route Profitability Software Market: Current Analysis and Forecast (2022-2028)

Airline Route Profitability Software Market: Current Analysis and Forecast (2022-2028)

The global Airline Route Profitability Software Market is expected to grow at a growth rate of around 7% during the forecast period. Airline route profitability software helps airlines increase profit margins by calculating and evaluating the cost of currently operated routes. Flight planning is also an important part of airline route profitability, the flight plan contains the route that the crew will fly, indicating altitude and speed. It also includes the calculations of how much fuel the plane uses and how much extra fuel is needed to meet various safety requirements. Increased adoption of technologies such as artificial intelligence, mobile and conversational commerce coupled with business analytics and market intelligence to are used to identify demand trends and increase profit margins by calculating and evaluating the cost of currently operated routes. Moreover, the rising need to find shorter as well as faster air routes, to save fuel and time and rising air traffic across the globe are also contributing to the growth of the market. For instance, according to the Federal Aviation Administration, in 2021, Air Traffic Organization (ATO) handled a total of 16,405,000 flights.

SITA, International Business Machines Corporation, Amadeus IT Group S.A., Sabre GLBL Inc., Orane Consulting Pvt. Ltd., Damarel Systems International Ltd., Airport Information Systems Limited, Wipro Limited, Laminar Aviation Pte. Ltd., and QlikTech International AB are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report
"Amongst software, planning and scheduling segment to witness robust CAGR during the forecast period”

Based on software, the market is classified into fares management and pricing, planning and scheduling, revenue management, and other software. Among these, the planning and scheduling segment is expected to witness a robust CAGR during the forecast period owing to the need to generate a flight schedule that achieves the most effective use of an airline's resources.
"Amongst end-use, the international airlines segment to hold a significant share in the market in 2020”

Based on end-use, the market is divided into domestic airlines, international airlines, and business charters. International airlines are expected to be the prominent shareholder of the global airline route profitability software market during the forecast period. Factors such as the growing demand from the middle class, growth in population and tourism, higher disposable incomes, favorable demographics, rising aircraft penetration, and aviation infrastructure growth are contributing to the growth of this segment.
"Asia-Pacific to hold a significant share in the market”

Asia-Pacific is expected to grow at a prominent growth rate during the forecast period. The region is the center of a rapidly growing aviation industry, with China and India being major aviation hubs. Growing tourism countries such as Indonesia, Singapore, South Korea, Malaysia, Thailand, and others are leading to increased passenger numbers in the region. To capitalize on the demand in the region, the aviation industry has made strategic investments and plans to expand its presence in the region. The aviation industry use route profitability software to assess existing routes, understand profit margins, plan and budget for route profitability, and enable the addition of new routes in the future.

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• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
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• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

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