What is Aviation Software Market?
Aviation Software refers to the software which is used for the various operators in the aviation industry. It includes a terminal side, airside, landside and others. It also maintains the various operations seamlessly airlines which are used in aviation software such as roster management, fleet management, MRO and others. The various benefits of using aviation software such as accelerated and more efficient processes, better-informed business decision-making ability and others. A government initiative towards aviation software, technology advancement in aviation software and others are some of the major drivers which are propelling the growth of the market.
The market study is being classified by Type (Management Softwares, Analysis Softwares, Design Softwares, Simulation Softwares and Others), by Application (Land Side, Terminal Side and Air Side) and major geographies with country level break-up.
Epicor Software Corporation (United States), CAMP Systems Inc. (United States.), SYSPRO (South Africa), HCL Technologies (India), IBM Corporation (United States), Oracle Corporation (United States), Ramco Systems (India), Rusada (Switzerland), SAP (Germany), Swiss AviationSoftware (Switzerland) and Trax (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are AerData (United States) and IFS (Sweden).
Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Aviation Software market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Aviation Software market by Type, Application and Region.
On the basis of geography, the market of Aviation Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Adoption of Software as a Service (SaaS)
- Rising demand for Condition Based Maintenance through Data Shared by Connected Aircraft
Market Trend
- Technology Advancement in Aviation Software
- Rising Demand for Digital Aviation Maintenance Software
Restraints
- Limited Budget for the Adoption of the Integrated MRO Software Suite
- Lack of a Common Data Standard
Opportunities
- Rising Demand from Emerging Economics such as India, China and Others
- Rising Adoption of Internet of Things (IOT), Artificial Intelligence (AI), Augmented Reality (AR), and Big Data Analytics
Challenges
- Compliance with Stringent Aviation Regulations
Market Leaders and some development strategies
On October 2016, the Hearst Corporation (United States) Company had acquired CAMP Systems International Inc (United States) Company, which is a provider of software-as-a-service (“SaaS”) solutions for managing as well as tracking the maintenance of turboprop aircraft, jets, and helicopters
On September 2018, the Wipro Limited (India) Company in associates with Qatar Airway has launched a numerous range of IT products for the aviation industry in order to enhance the customer service as well as operational efficiency of the sector.