Sunday, 14 April 2024
Tuesday, 29 Aug 2023 12:00 am

Crew Management System Market is expected to reach US$ 2,230.95 million by 2030

Crew Management System Market share is projected to grow at a CAGR of 9.1% during 2022-2030, to surpass US$ 2,230.95 Million by 2030, from US$ 1,109.38 Million in 2022.

By The Insight Partners

Expanding Operations of Low-Cost Long-Haul Flights to Provide Opportunities Crew Management System Market During 2022–2030

According to our latest market study on "Crew Management System Market Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis – by Component, Deployment, Airline Type, and Application," the market is expected to grow from US$ 1,109.38 million in 2022 to US$ 2,230.95 million by 2030; it is estimated to register a CAGR of 9.1% from 2022 to 2030.

Low-cost airlines operating in short-haul markets have revolutionized the air transport industry in many regions. These airlines operate with a modified approach to operating costs and allow greater access to air travel through lower fares. Low-cost long-haul flights aim to maintain cost efficiency while offering competitive fares. An optimized crew management system can contribute to cost reduction through efficient crew utilization, reducing overtime expenses, and improving crew rostering. Crew planning or scheduling is one of the most challenging and compute-intensive tasks in the aviation industry, and its complexity increases as crew size and the number of flights grow. With the rise in operations of low-cost long-haul flights, the demand for the solutions offered by crew management system market players is also expected to increase in the coming years. With the burgeoning popularity of low-cost long-haul flights, airlines experience the need for efficient crew management systems to handle the complexities associated with scheduling and managing crew members across multiple time zones and through long-duration flights. Long-haul flights involve extended duty times and layovers, making crew scheduling and rotation more intricate. Solutions offered by crew management system market players can help optimize crew utilization, reducing idle time and maximizing productivity. Low-cost long-haul airlines often operate in a dynamic and competitive environment. Moreover, these airlines need to adhere to strict regulatory requirements for crew duty hours and rest periods. Crew management systems offer them flexibility and adaptability to changing flight schedules and crew assignments, allowing them to respond more effectively to customer demands. Further, advanced systems can ensure compliance with safety regulations, minimizing the risk of crew fatigue and operational errors. Therefore, the expanding operations of low-cost long-haul flights provide a great opportunity for the aviation crew management system market players to offer innovative solutions for airlines, helping them enhance operational efficiencies, safety, and customer satisfaction.

Crew Management System Market - by Geography, 2022

To get free sample copy of the report, along with the TOC, Statistics, and Tables please visit @ https://www.theinsightpartners.com/brochure/TIPRE00008015 Source: The Insight Partners Analysis

The crew management system market is segmented on the basis of component, deployment type, airline type, and applications. The crew management system market, based on component, is bifurcated into software and services. In terms of deployment type, the crew management system market is divided into on-cloud and server-based. Based on airline type, the crew management system market is bifurcated into passenger airlines and cargo & defense airlines. In terms of application, the crew management system market is bifurcated into crew operations and crew training.

AIMS INTL DWC LLC, Airbus SE, ARCOS LLC, CAE Inc, Hitit Computer Services Ltd Co, IBS Software Pvt Ltd, Laminaar Aviation Infotech Pte Ltd, Lufthansa Systems GmbH & Co KG, PDC A/S, and The Boeing Co are among the key players operating in the crew management system market. Various other companies are also operating in the market and coming up with advanced technologies and offerings. These companies have also been studied and analyzed during this research study to get a holistic view of the ecosystem. The crew management system market report provides detailed market insights, which helps the key players strategize their growth.

According to the data of the Bureau of Economic Analysis, the GDP of the US in the fourth quarter of FY2022 increased by ~2.6% compared to 2021; this growth in the GDP was primarily driven by strong business investment and consumer spending. The airline industry holds a significant share in the overall US economic growth. The rising number of airlines, along with a growing commercial aviation sector, are a few factors fueling the crew management system market. Per the Federal Aviation Administration (FAA), 45,000 flights carrying 2.9 million passengers daily are served by the National Airspace System (NAS)—a network administering equipment, facilities, services, and workforce in American domestic and oceanic airspace. With the increasing demand for air travel and the expansion of the aviation industry, the need for efficient crew management systems is growing significantly. These systems help airlines manage crew schedules, provide training and certifications, and engage in other critical aspects of crew operations. As airlines aim to optimize their crew resources and ensure regulatory compliance, the demand for advanced crew management solutions is increasing. Therefore, the growing demand for crew management systems in the aviation sector is boosting the crew management system market in the US.

Contact Us
Contact Us: The Insight Partners 
Phone: +1-646-491-9876
Email Id: sales@theinsightpartners.com

The Insight Partners :    https://www.theinsightpartners.com

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

Smarter Decisions with Smart News

Smart Market News is committed to getting its readers the latest updates and insights on industries that help in making “smarter” business decisions. With insights and inputs from corporate decision makers, we bring you the stories of adopting innovative solutions and strategies that have been changing the world. Our editorial insights on products, solutions, companies, and adoption of best practices not only help in understanding the markets better, but also prove to be a complete package for your information needs.

Subscribe to our newsletter
Get the latest in your inbox weekly Sign up for the fully charged newsletter
© The News and Media Division of The Insight Partners 2024 | All Rights Reserved | Privacy Policy