Flight Planning Software Market to exceed US$ 1,292.06 Million by 2031

    Published on 02-Dec-2024
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    Report : Flight Planning Software Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Component (Software and Services), Deployment (Cloud and On-Premise), Application (Logistics and Cargo, Airport, Private Airlines, Commercial Airlines, Flight School and Training Center, and Military and Defense), and Geography

    According to our latest study on " Flight Planning Software Market – Global Analysis – by Component, Deployment, Application" the market is expected to grow from US$ 734.98 million in 2023 to US$ 1,292.06 million by 2031; it is anticipated to record a CAGR of 7.3% from 2023 to 2031. Apart from growth drivers, the report covers the flight planning software market trends and their foreseeable impact during the forecast period.

    Applications of artificial intelligence (AI) contribute to the establishment of an air transport system that is both effective and efficient while promoting sustainability. AI technologies have the potential to revolutionize flight planning operations, resulting in increased efficiency and effectiveness. There is one worldwide growing trend among airlines to implement artificial intelligence (AI) systems for the purpose of optimizing flight routes. Notable airline examples include United Airlines, Delta Airlines, Alaska Airlines, and American Airlines, which use AI-integrated software for flight management operations. It is expected that the continuous development of AI technology will lead to the dissemination of breakthrough and paradigm-changing applications within this domain. Airline operators are integrating artificial intelligence (AI)-capable software for subsequent tasks such as analyzing weather data, traffic data, weather forecasting, fuel-use optimization, and flight planning analysis.

    Companies and airline operators are increasingly engaged in adopting strategies to focus on the integration of advanced technologies such as AI, machine learning, automation, and digitalization to improve the flight management experience. For instance, in September 2024, Alaska Airlines collaborated with UP.Labs to launch Odysee (a new software solution). This AI-based software platform is aimed at easing flight scheduling operations by using AI and big data to create flight plans and monitor how changes in flight scheduling impact revenue, profit, and reliability. In addition, in May 2021, Alaska Airlines signed a contract agreement with Airspace Intelligence to use Flyways AI. The use of an AI-powered flight route planning and monitoring platform to support critical decisions is a first in the US air transportation sector. It lets the airline and its employees plan the most efficient routes by giving pilots or dispatchers new tools to make informed decisions quickly. Using machine learning models from the National Airspace System, Flyways AI predicts future scenarios and manages exceptions across the network by processing millions of data quickly and with even greater precision. Other organizations or companies engaged in the development of AI-based flight planning software include Skyfish Corporation and EUROCONTROL. Hence, the rise in the adoption of artificial intelligence (AI) in flight management operations is expected to be the key trend in the flight planning software market during the forecast period.

    Key Findings of Market Study:

    According to Boeing Aviation Market Forecast, countries in Asia Pacific will need 16,930 additional aircraft by 2037 to accommodate the rising number of travelers. The region is projected to account for ~40% of future aircraft production to meet the aircraft demand. In addition, the International Air Transport Association also predicted that 2.1 billion travelers are expected to travel by 2036, particularly in China. The increasing number of passengers is expected to boost the demand for flight management software and services and create an opportunity for the key players operating in the flight planning software market during the forecast period.

    Amadeus IT Group SA; Collins Aerospace; CAE Inc; NAV Flight Services; Jeppesen (The Boeing Co); Sabre GLBL Inc; AIR SUPPORT A/S; FSS Flight Planning; Navblue; Laminaar Aviation Infotech Pvt Ltd.; Universal Weather and Aviation, Inc.; Lufthansa Systems; ForeFlight; Chetu Inc.; eTT Aviation; GE Aerospace; and IBS Software are among the key players profiled in the flight planning software market report. The companies implement both organic (such as product launches, expansion, and product approvals) and inorganic (such as collaborations and partnerships) strategies to stay competitive in the flight planning software market.

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