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Airline Route Profitability Software Market: Current Analysis and Forecast (2022-2028)
Emphasis on Software (Fares Management and Pricing, Planning and Scheduling, Revenue Management, and Other Software); End-Use (Domestic Airlines, International Airlines, and Business Charters); and Region/Country
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.
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- 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.
Customization Options:
The global airline route profitability software market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
Table of Content
Research Methodology for the Airline Route Profitability Software Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global airline route profitability software market were the three major steps undertaken to create and analyze the adoption of airline route profitability software in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global airline route profitability software market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the airline route profitability software market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the airline route profitability software market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as software and end-use. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the airline route profitability software market. Further, we conducted factor analysis using dependent and independent variables such as software and end-use of airline route profitability software. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the airline route profitability software market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global airline route profitability software market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the airline route profitability software market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global airline route profitability software market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global airline route profitability software market. data was split into several segments & sub-segments post studying various parameters and trends in the areas of software and end-use in the global airline route profitability software market.
The main objective of the Global Airline Route Profitability Software Market Study
The current & future market trends of the global airline route profitability software market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the airline route profitability software market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of software and end-use
- Define and analysis of the regulatory framework for the airline route profitability software industry
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
- Analyze the current and forecast market size of the airline route profitability software market for the major region
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World
- Company profiles of the airline route profitability software market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry
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