FMI has released a report titled ‘Aircraft Sequencing System Market – Global Industry Analysis 2013-2017 and Market Forecast 2018-2027.’ The aircraft sequencing system market is expected to grow at a significant 11.5 percent CAGR during the forecast period, owing primarily to increased air traffic and constantly improving commercial airline spending globally.
While North America and Europe will remain the most important regional hubs for aircraft sequencing market participants in the coming years, developing countries in APAC and MEA have been identified as attractive investment pockets for aircraft sequencing system market participants. Apart from its significant contribution to global air traffic and trade, North America’s market leadership in this sector is attributed to the strong presence of prominent vendors.
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Aircraft sequencing system market in Asia Pacific is estimated to witness promising growth in coming years, with governments of fast developing economies such as China and India augment their aviation spending. Increasing trade activities involving some of the other prominent Asian countries such as Australia, Singapore, Malaysia, and others will also contribute heavily to the growth of aircraft sequencing system market within APAC.
MEA’s aircraft sequencing system market is likely to emerge lucrative in line with the flourishing tourism industry within the region. Moreover, the increasing spending on military airports and growing usage of airfreight transportation will strongly boost the aircraft usage in MEA, further pushing the revenue growth of aircraft sequencing systems market.
Thriving World Trade & International Business Relations to Accelerate Adoption of Aircraft Sequencing Systems
Air traffic is expected to increase during the forecast period, attributed to the increasing world trade among various countries including the US and UK, UAE, Kuwait, China, India, South Africa, Brazil, and others. Moreover, the number of airports in these countries is expected to increase due to increasing world trade.
Furthermore, international business relations are becoming stronger due to globalization and the expansion of MNCs. The aforementioned factors are expected to significantly contribute to the growth of the aircraft sequencing system market during the forecast period.
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Long-term Contractual Agreements to Trend in Competition Landscape of Aircraft Sequencing System Market
According to FMI’s analysis, some of the market participants in the global aircraft sequencing system market report include Harris Corporation, Amadeus IT Group SA, ATRiCS Advanced Traffic Solutions, GmbH & Co. KG, Thales Group, Eurocontrol, Airtopsoft (Transoft Solutions Inc.), PASSUR, Aerospace, Collins Aerospace (United Technologies), ADB SAFEGATE (Carlyle Group), and Copperchase Limited.
In addition to focusing on delivering seamless customer experience round the clock, key companies in the aircraft sequencing system market are emphasizing long-term contracts with the end users of aircraft sequencing systems. The latter is likely to remain a prominent developmental strategy in the competitive landscape of global aircraft sequencing systems market, according to the report, and will supplement efforts of companies in revenue generation through innovations.