Airline Route Profitability Software Market by Type and Geography - Forecast and Analysis 2022-2026

The airline route profitability software market share is expected to increase by USD 15.99 billion from 2021 to 2026, at a CAGR of 6.88%.

This airline route profitability software market research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers airline route profitability software market segmentation by type (planning and scheduling, revenue management, fares management and pricing, and other software) and geography (North America, Europe, APAC, Middle East and Africa, and South America). The airline route profitability software market report also offers information on several market vendors, including Amadeus IT Group SA, Aerotrack Systems, Coforge Ltd., GrandTrust Overseas Pvt. Ltd., International Business Machines Corp., Laminaar Aviation Pte. Ltd., Lufthansa Group, Maureva Ltd., Maxamation Pty. Ltd., Megabyte Ltd., Optym, Orane Consulting Pvt. Ltd., Pros Inc., QlikTech International AB, Sabre GLBL Inc., Seabury Solutions, SITA, Skymetrix, The Boeing Co., and Wipro Ltd. among others.

What will the Airline Route Profitability Software Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Airline Route Profitability Software Market Size for the Forecast Period and Other Important Statistics

 

Airline Route Profitability Software Market: Key Drivers, Trends, and Challenges

The growing need for advanced software suites by airlines is notably driving the airline route profitability software market growth, although factors such as the decline in air passenger traffic and flight cancellations may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the airline route profitability software industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Airline Route Profitability Software Market Driver

One of the key factors driving growth in the airline route profitability software market is the growing need for advanced software suites by airlines. The airline industry is one of the major industries that are known to face huge losses due to factors such as uncertainty in air passenger traffic and fierce market competition. Advanced software suites, including route profitability software, enable airlines to assess the costs of their current routes and calculate their profit margins. The market for airline route profitability software is expanding at a rapid pace owing to the growing investments in the airline industry. Airlines require such software that enables them to determine the budget and plan the schedule for each route accordingly. Airline route profitability software enables airlines to reduce unnecessary costs and generate a larger profit margin. The growing need for such software is expected to augment the growth of the global airline route profitability software market.

Key Airline Route Profitability Software Market Trend

The government investments and schemes that aim to revive the airline industry in APAC is an airline route profitability software market trend that is expected to have a positive impact in the coming years. The global investments by governments of countries worldwide, such as China and India, in the airline industry, are expected to increase significantly during the forecast period. These factors are anticipated to promote the growth of the airline industry in the country, which, in turn, will have a positive impact on the airline route profitability software market in the country. The investments in airline route profitability software are expected to increase during the forecast period due to the rising demand for air travel. This growth in air passenger traffic is also expected to be fueled by the growing affluence of the middle-class population in emerging markets in APAC, such as China and India. The favorable support received from the governments of the region will help revive the airline industry in APAC, which in turn, will augment the growth of the global airline route profitability software market.

Key Airline Route Profitability Software Market Challenge

The decline in air passenger traffic and flight cancellations will be a major challenge for the airline route profitability software market during the forecast period. The airline industry is known to be a loss-making industry, where the survivability rate is low. The airlines that can optimize and manage their costs have a better chance of making profits and surviving in the industry. The market for airline route profitability software is directly proportional to the growth of the airlines. During the forecast period, the market is expected to witness the maximum growth rate in small-sized, regional, and low-cost airlines as these airlines are cost-sensitive. However, in recent years, factors such as a substantial decline in air passenger traffic and cancellations of flights reduced the profits of several major and small-sized airlines, preventing them from investing in new and advanced software suites, including airline route profitability software. These factors impeded the growth of the global airline route profitability software market. 

This airline route profitability software market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global airline route profitability software market as a part of the global application software market within the global IT software market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the airline route profitability software market during the forecast period.

Who are the Major Airline Route Profitability Software Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

• Amadeus IT Group SA
• Aerotrack Systems
• Coforge Ltd.
• GrandTrust Overseas Pvt. Ltd.
• International Business Machines Corp.
• Laminaar Aviation Pte. Ltd.
• Lufthansa Group
• Maureva Ltd.
• Maxamation Pty. Ltd.
• Megabyte Ltd.
• Optym
• Orane Consulting Pvt. Ltd.
• Pros Inc.
• QlikTech International AB
• Sabre GLBL Inc.
• Seabury Solutions
• SITA
• Skymetrix
• The Boeing Co.
• Wipro Ltd.

 

This statistical study of the airline route profitability software market encompasses successful business strategies deployed by the key vendors. The airline route profitability software market is fragmented and the vendors are deploying growth strategies such as engaging in the development of new solutions through the integration of advanced technologies via software updates to create reliable airline schedules to compete in the market.

Product Insights and News

• amadeus.com - The company offers airline route profitability software for simpler interactions, giving airlines the freedom to fly.

• amadeus.com - Through the distribution segment, the company offers the GDS platform, an international network that provides real-time search, pricing, booking, ticketing, and other processing solutions to travel providers and travel agencies.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The airline route profitability software market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Airline Route Profitability Software Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the airline route profitability software market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Airline Route Profitability Software Market?

For more insights on the market share of various regions Request for a FREE sample now!

32% of the market’s growth will originate from North America during the forecast period. The US is the key market for airline route profitability software in North America. Market growth in this region will be faster than the growth of the market in the European and MEA regions.

The growing connectivity of airlines and the expanding airline routes for commercial purposes will facilitate the airline route profitability software market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The market in focus in North America witnessed slow growth during 2020-2021 due to the COVID-19 outbreak. As airlines cut down their fleet size to support operations, airline route profitability software providers had to deal with challenges such as lower demand for their products as the investments of airlines in these software suites declined under renewed cost pressure. Although the pace of recovery in the regional market is currently difficult to predict, achieving the fleet size recorded at the beginning of 2020 will take time, even if the demand for travel returns to a steady pace in the region during the forecast period. 

What are the Revenue-generating Type Segments in the Airline Route Profitability Software Market?

To gain further insights on the market contribution of various segments Request for a FREE sample

The airline route profitability software market share growth in the planning and scheduling segment will be significant during the forecast period. Airline route planning and scheduling software is often included in the complete suite of advanced airline operations software. Vendors in the market offer airline route planning and scheduling software that have built-in access to data regarding aircraft type, wind direction, and fuel efficiency. They offer software that can be integrated with the airline's FMS and allows employees to plan and schedule flight routes. The numerous advantages offered by the airline route planning and scheduling software will lead to its greater adoption and augment the growth of the market segment during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the airline route profitability software market size and actionable market insights on the post-COVID-19 impact on each segment.

 

Airline Route Profitability Software Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Decelerate at a CAGR of 6.88%
Market growth 2022-2026	$15.99 billion
Market structure	Fragmented
YoY growth (%)	7.89
Regional analysis	North America, Europe, APAC, Middle East and Africa, and South America
Performing market contribution	North America at 32%
Key consumer countries	US, China, UK, France, and Germany
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Amadeus IT Group SA, Aerotrack Systems, Coforge Ltd., GrandTrust Overseas Pvt. Ltd., International Business Machines Corp., Laminaar Aviation Pte. Ltd., Lufthansa Group, Maureva Ltd., Maxamation Pty. Ltd., Megabyte Ltd., Optym, Orane Consulting Pvt. Ltd., Pros Inc., QlikTech International AB, Sabre GLBL Inc., Seabury Solutions, SITA, Skymetrix, The Boeing Co., and Wipro Ltd.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request for a FREE sample

What are the Key Data Covered in this Airline Route Profitability Software Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive airline route profitability software market growth during the next five years
• Precise estimation of the airline route profitability software market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the airline route profitability software industry across North America, Europe, APAC, Middle East and Africa, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of airline route profitability software market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch