flight planning software Market

The flight planning software market is projected to reach US$ 1,292.06 million by 2031 from US$ 734.98 million in 2023; the market is expected to register a CAGR of 7.3% during 2023–2031.    

Airlines are maximizing the utilization of their aircraft to meet the growing passenger demand. According to the Airports Council International (ACI) World's Industry Outlook for 2023-2024, as global passenger traffic recovers, 2024 is predicted to represent a turning point, with 9.4 billion passengers traveling worldwide, up from 9.2 billion in 2019 (102.5% of 2019 levels). In 2021, the European Union (EU) experienced a significant rebound in air travel as the total number of passengers reached 373 million. This figure reflects a remarkable increase of 34.9% compared to the previous year, 2020. The flight planning software market is expected to continue growing, driven by increasing air traffic, safety requirements, and technological advancement. The focus will likely remain on efficiency, integration capabilities, and advanced features utilizing AI and machine learning. Safety and Regulatory Compliance has emerged as a key driver in the flight planning software market, molded by more stringent international aviation laws from organizations such as the International Civil Aviation Organization (ICAO), Federal Aviation Administration (FAA), and European Union Aviation Safety Agency (EASA).

Technological innovation and digital integration are critical drivers that represent North America's global technological leadership. Stringent Regulatory Framework and Compliance has emerged as a key driver in the North American flight planning software market, aided by the FAA's extensive regulations and safety standards. The European Regulatory Framework serves as a main driver, as seen by the strict criteria imposed by EASA (European Union Aviation Safety Agency) and national aviation authorities. The emphasis on standardized safety measures, environmental compliance, and cross-border operations has made comprehensive flight planning software a must-have for European operators.

Asia Pacific dominated the flight planning software market in 2023 with a share of 32.1%; it is likely to continue its dominance during the forecast period and account for 35.1% share by 2031. North America is the second-largest contributor to the flight planning software market, followed by Europe. North America is witnessing tremendous growth in the market owing to the presence of key players focused on the advancement of flight planning software and supporting its adoption in flight management operations. According to data released by Airlines for America in 2023, commercial aviation accounted for 5% of the US GDP, i.e., US$ 1.37 trillion in 2023. In addition, the rise in air passenger traffic and government initiatives to increase aircraft fleets in defense and commercial aviation sectors are expected to fuel the demand for flight management solutions such as flight planning software 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.