Published By : 03 May 2016 | Published By : QYRESEARCH
The high demand for enhanced automated systems in order to achieve operational efficiencies is driving the market for commercial aviation crew management system. The emphasis on improving the optimization of resources, leading to improvements in operational efficiency is boosting the market. Growth in the demand for real time data and continual advancements in technology is expected to boost the market in future.
According to a report published by a market intelligent company called Transparency Market Research, the global commercial aviation crew management system market is expected to expand at 8.8% CAGR between 2015 and 2023. The global commercial aviation crew management system market is anticipated to reach US$4.39 bn by the end of 2023.
Increasing Airlines Fleet and Growing Air Traffic to Boost Demand for Commercial Aviation Crew Management System
The escalating demand for professional automated systems that can make swift decisions on its own is expected to be a driver for the commercial aviation crew management system market. The rising R&D initiatives undertaken by the various government and non-government organizations are expected to further the growth of the market. Increasing airlines fleet and growing traffic on air will bolster the market. Owing to high demand and increasing investments from airlines, governments, and airport authorities, the market for commercial aviation crew management system is expanding at a healthy rate.
Asia Pacific to be the Fastest Growing Market for Commercial Aviation Crew Management System
Asia Pacific is estimated to be the fastest growing market for commercial aviation crew management system due to the growing number of low cost carriers. Increasing air passengers is also behind the region’s success in the market. Improvement in the infrastructural conditions are also helping the commercial aviation crew management system market’s growth in the APAC region.