Search results for: 'ICT Market Forecast'

23 Sep 2021  |  Global  |  Market Research

Global Commercial Aerospace Digital Solutions Growth Opportunities

Data-centric Next-generation Technologies to Enhance the Future Growth Potential of Commercial Aerospace

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Digitalization is a ubiquitous strategy essential to sustain business and growth in a post-pandemic economy. High penetration and improvement of digital solutions and accompanying hardware have made digitalization affordable and customizable. The commercial aerospace digital solutions market is captured by identifying digital R&D investment and the...

14 Jul 2021  |  Global  |  Market Research

Global Airline Industry Predictive Maintenance Growth Opportunities

Strategic Partnerships Enable Stronger and More Viable Competitive Strategies Throughout the Aircraft Manufacturing Supply Chain

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Key Issues Addressed

As global air travel is anticipated to rise in the second half of 2021, the airline industry faces challenges in extending the life of current and future aircraft. Recovery from the weak economic environment due to the COVID-19 pandemic accelerates demand for more cost-efficient, secure, and standardized ways to improve overall aircraft maintenance...

29 Sep 2021  |  Global  |  Market Research

Global Auxiliary Power Unit Growth Opportunities

All-electric Auxiliary Power Units to Drive Sustainable Aviation and Strategic Partnering

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Key Issues Addressed

The global auxiliary power unit market is headed toward delivering solutions that will help aircraft become more fuel efficient and involve a lower total cost of ownership. This Frost & Sullivan analysis of the market provides a 10-year forecast from 2020 to 2030. The total market was worth $2.04 billion in 2020 and, considering the impact of the C...

The COVID-19 pandemic forced lockdowns and border closures, which subsequently curtailed global travel. Industry revenue in fiscal year (FY) 2020–2021 amounted to $328 billion—the nominal equivalent to revenue generated in FY 2000–2001. Due to grounded aircraft and cancelled flights, the reasons for the shift in passenger behavior, government restr...

The airport digitalization market is a growth market estimated to generate more than $8.52 billion in revenue by 2030. A highly fragmented market, the top five companies contributed approximately 55% to the global revenue market in 2020. This figure is not expected to change significantly over the forecast period (2021–2030). The top companies in t...

Commercial aviation contributes about 3% of all CO2 emissions globally. With the number of passengers constantly increasing and the number of aircraft forecasted to almost double by 2050, this percentage is expected to rise significantly. Industry stakeholders are working to reduce emissions by moving to alternative energy sources and using sustain...

Aircraft Turnaround Management (ATM) is a critical part of the aviation operational structure. ATM determines the operational success of daily tasks and minimizes or maximizes losses, depending on how well the operations are executed. In the past, this process relied entirely on airlines, with airports only providing the local infrastructure and re...

Aircraft movements in 2019 totaled over 100 million globally. However, this figure dropped by more than 40% in 2020 due to the impact of the COVID-19 pandemic. The crisis severely impacted the fiscal health of the overall aviation sector, with nearly all stakeholders such as airlines, airports, air traffic, and ground handlers facing significant mo...

26 Nov 2021  |  Global  |  Market Research

Global Commercial Air Travel Growth Opportunities

Strategic Partnering Among Airlines and Digitalization at Airports will Prove Critical in Maintaining Costs During Recovery from COVID-19’s Impact

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Airlines and airports faced a sudden decline in passenger traffic, of high magnitudes. This disrupted the operational cash flow leading to severe liquidity crunch. Airlines & airports had to furlough employees, reduce operations correspondingly, and rely on state aid to ensure financial sustainability during peak periods of the pandemic (2020). Int...