
Published On: Jan 2024
Published On: Jan 2024
At 10.3% CAGR, the Asia Pacific Crew Management System Market is projected to be worth US$ 727.51 million by 2030, says Business Market Insights
According to Business Market Insights’ research, the Asia Pacific crew management system market was valued at US$ 333.21 million in 2022 and is expected to reach US$ 727.51 million by 2030, registering a CAGR of 10.3% from 2022 to 2030. Mandate of compliance with regulatory standards, rapid growth of aviation industry and increased demand for efficient crew management solutions are among the critical factors attributed to the Asia Pacific crew management system market expansion.
The aviation industry is an essential component of modern transportation and is vital in connecting people and transporting goods worldwide. An effective aviation management system is essential for safe and smooth operations in the industry, which involves coordinating resources, personnel, and technologies. According to the World Bank, the number of air passengers reached ~2.07 billion in 2021, including ~21.8 million departures recorded by registered air carriers. Moreover, ~205,267 million ton-km freight was moved by air transport. In comparison, ~1.6 billion passengers were carried through air transport, and ~17.9 million departures were recorded by registered air carriers in 2020. Furthermore, ~171,582 million ton-km freight was moved by air transport. Massive numbers were recorded in 2020 despite the disruptions caused by the COVID-19 pandemic during that year.
With a rise in the number of flights, routes, and airlines, companies in airlines and aviation markets require advanced software to optimize crew allocation, maintain compliance with regulations, enhance operational efficiencies, reduce costs, and improve overall customer safety and satisfaction. In March 2023, Malaysia Airlines signed a five-year deal with IBS Software, an Indian software-as-a-service (SaaS) solution provider, to upgrade its crew management systems. Under this deal, the airline migrated its crew management systems to IBS Software’s cloud-based platform—iFlight Crew. The crew management system can maximize productivity, control costs, and ensure adherence to industry standards and regulations. It enables self-service tools that are flexible and accessible for airline crews. Therefore, the rapid growth of the aviation sector results in a significant rise in demand for crew management systems for efficient crew planning, scheduling, and management solutions. Various companies are providing new crew management solutions for the aviation industry. For instance, in May 2023, TA Connections announced to provide new crew management solutions for airlines and aviation-related companies from around the world.
On the contrary, high implementation costs and data privacy and security concerns hamper on the growth of Asia Pacific crew management system market.
Based on component, the Asia Pacific crew management system market is bifurcated into software and services. The software segment held 72.7% share of Asia Pacific crew management system market in 2022, amassing US$ 242.34 million. It is projected to garner US$ 496.05 million by 2030 to expand at 9.4% CAGR during 2022–2030.
Based on deployment, the Asia Pacific crew management system market is divided into on-cloud and server-based. The server-based segment held 74.7% share of Asia Pacific crew management system market in 2022, amassing US$ 248.84 million. It is projected to garner US$ 492.26 million by 2030 to expand at 8.9% CAGR during 2022–2030.
Based on airline type, the Asia Pacific crew management system market is bifurcated into passenger airlines and cargo & defense airlines. The passenger airlines segment held 66.9% share of Asia Pacific crew management system market in 2022, amassing US$ 222.80 million. It is projected to garner US$ 474.38 million by 2030 to expand at 9.9% CAGR during 2022–2030.
Based on application, the Asia Pacific crew management system market is segmented into crew operations and crew training. The crew operations segment held 85.6% share of Asia Pacific crew management system market in 2022, amassing US$ 285.35 million. It is projected to garner US$ 631.81 million by 2030 to expand at 10.4% CAGR during 2022–2030.
Based on country, the Asia Pacific crew management system market has been categorized into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 36.7% share of Asia Pacific crew management system market in 2022. It was assessed at US$ 122.12 million in 2022 and is likely to hit US$ 264.74 million by 2030, exhibiting a CAGR of 10.2% during 2022–2030.
Key players operating in the Asia Pacific crew management system market are Airbus SE, CAE Inc, Hitit Computer Services Ltd Co, IBS Software Pvt Ltd, Laminaar Aviation Infotech Pte Ltd, and The Boeing Co, among others.
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