A newly released aviation compliance monitoring software market analysis by Future Market Insights shows that global sales of aviation compliance monitoring software in 2022 were held at US$ 8,602.5 million. With 7.8%, the projected market growth from 2023 to 2033 is expected to be significantly higher than the historical growth. Cloud-based Aviation Compliance Monitoring Software is expected to be the highest revenue-generating category, projected to register an opportunity of 7.5% CAGR from 2023 to 2033.
Attributes | Details |
---|---|
Global Aviation Compliance Monitoring Software Market CAGR (2023 to 2033) | 7.8% |
Global Aviation Compliance Monitoring Software Market Size (2023) | US$ 8,602.5 million |
Global Aviation Compliance Monitoring Software Market Size (2033) | US$ 18,287.1 million |
USA Aviation Compliance Monitoring Software Market Size (2033) | US$ 6.1 billion |
USA Aviation Compliance Monitoring Software Market CAGR (2023 to 2033) | 7.5% |
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As per the aviation compliance monitoring software market research by Future Market Insights to a market research and competitive intelligence provider, historically, from 2018 to 2022, the market value increased at around 8.3% CAGR.
Factors including the surge in air traffic levels, the size of the global fleet, and aircraft utilization are among the key market drivers. Additionally, it is anticipated that more aircraft will be produced due to rising passenger and business air travel, which would significantly impact the industry. Technology such as aviation compliance monitoring software helps aviation businesses keep thorough records of their flight activities. This aids the company in upholding legal criteria as well as improving flight safety standards.
Increased demand for cloud-based solutions, rising acceptance of compliance monitoring software by SMEs, and an increase in aviation sector regulations are the key growth drivers of the aviation compliance monitoring software market. Additionally, market growth is anticipated to be fuelled by introducing the next compliance monitoring software in the coming years.
Increased aviation compliance monitoring software spending is expected to open up new business opportunities. Service tracking, logbook tracking, flying time monitoring, administration of service bulletins, work scheduling, budget forecasting, digital task card administration, and work order management are the key components of aviation compliance software. In May 2021, India saw large foreign direct investments across various industries, including compliance monitoring software in aviation. This occurred as foreign businesses concentrated on acquiring billions of dollars’ worth of aviation compliance software. As a result, it is anticipated that investments and acquisitions will produce profitable market prospects.
The aviation compliance monitoring software provides capabilities that support regulatory compliance with entities like the International Civil Aviation Organization (ICAO) and the Federal Aviation Administration (FAA). Moreover, the increased demand for older aircraft and environmental concerns highlight the need for ongoing monitoring of older aircraft, and compliance need arises, giving the industry momentum.
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The North American aviation compliance software monitoring market prevails to achieve sustainable objectives. The largest fleet of airplanes lies in North America, which creates a sizable need for compliance software. Due to this area's strict safety regulations and rules, entry into the aviation business has very high obstacles. However, compliance software finds this market appealing due to the widespread accessibility and simplicity of deployment of sophisticated technologies.
Asia Pacific is anticipated to experience significant expansion in the compliance monitoring software market for aviation over the forecast period. The key reason for the growing demand for maintenance professionals and compliance software, is the growth inpassenger traffic, particularly in nations like India, Japan, China, and Singapore. Given several significant aviation compliance software suppliers in this region, the industry is also anticipated to experience rapid expansion.
The United States is expected to account for the largest market share of US$ 6.1 billion by the end of 2033. The USA has a large number of compliance monitoring software producers, which supports strong growth throughout the forecast period. The two key factors influencing growth are the growing market for commercial aircraft and the rising importance of regulatory compliance with safety requirements established by various governing agencies like the ICAO and EASA in Europe and the FAA in North America.
The cloud-based deployment of Aviation Compliance Monitoring Software is expected to account for the highest CAGR of 7.5% by the end of 2033. Software-as-a-service or cloud-based solutions are offered as a service, with the ERP vendor managing the data and the services being accessed via a web browser. The market has more recently embraced a hybrid model where cloud software is housed on a business's private servers.
On-premises aviation compliance monitoring software deployment refers to the integration of the system into the company's internal network. Key corporations and SMEs with fleet sizes of 100 or more aircraft employ these systems to manage their data for air operations, staff scheduling, and maintenance duties. In terms of improving access control and security, the installation is centralized at a particular spot within an organization's network.
In 2023, revenue through SMEs is expected to grow at the fastest pace in the aviation compliance monitoring software market. It is expected to account for a 7.3% CAGR during the forecast period. SMEs have smaller personnel and fewer resources. By offering them automated tools and procedures for monitoring, managing, and informing on their safety performance, aviation compliance monitoring software can assist SMEs in controlling their aviation safety risks. By automating tasks like data collecting and reporting, aviation compliance monitoring software can also assist SMEs in lowering the cost of complying with regulatory requirements. Aviation compliance monitoring technology can help SMEs enhance team member communication regarding safety concerns and best practices.
Web Manuals, Comply365, Merlot Aero, Vistair, Accelya Holding World, Aeroplan, Airline Software, BERNS Engineers, Seabury Solutions, Infotel Group, and Ideagen, are a few of the major companies operating in the global aviation compliance market.
Some of the Recent Developments in the Aviation Compliance Monitoring Software Market are:
Similarly, the team at Future Market Insights has tracked more recent developments related to companies in aviation compliance monitoring software market services, which are available in the full report.
The market is valued at US$ 8,602.5 million in 2023.
The growth potential of the aviation compliance monitoring software market is 7.8% CAGR through 2033.
The market is estimated to reach US$ 18,287.1 million by 2033.
The United States holds a significant market share.
SMEs are expected to witness robust market growth.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Investment Feasibility Matrix 3.5. PESTLE and Porter’s Analysis 3.6. Regulatory Landscape 3.6.1. By Key Regions 3.6.2. By Key Countries 3.7. Regional Parent Market Outlook 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2022 4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Deployment Type 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) Analysis By Deployment Type, 2018 to 2022 5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Deployment Type, 2023 to 2033 5.3.1. Cloud-based 5.3.2. On-premises 5.4. Y-o-Y Growth Trend Analysis By Deployment Type, 2018 to 2022 5.5. Absolute $ Opportunity Analysis By Deployment Type, 2023 to 2033 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) Analysis By Application, 2018 to 2022 6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Application, 2023 to 2033 6.3.1. Large Enterprises 6.3.2. SMEs 6.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022 6.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. Introduction 7.2. Historical Market Size Value (US$ Million) Analysis By Region, 2018 to 2022 7.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2023 to 2033 7.3.1. North America 7.3.2. Latin America 7.3.3. Western Europe 7.3.4. Eastern Europe 7.3.5. South Asia and Pacific 7.3.6. East Asia 7.3.7. Middle East and Africa 7.4. Market Attractiveness Analysis By Region 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 8.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 8.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 8.2.1. By Country 8.2.1.1. USA 8.2.1.2. Canada 8.2.2. By Deployment Type 8.2.3. By Application 8.3. Market Attractiveness Analysis 8.3.1. By Country 8.3.2. By Deployment Type 8.3.3. By Application 8.4. Key Takeaways 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 9.2.1. By Country 9.2.1.1. Brazil 9.2.1.2. Mexico 9.2.1.3. Rest of Latin America 9.2.2. By Deployment Type 9.2.3. By Application 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Deployment Type 9.3.3. By Application 9.4. Key Takeaways 10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 10.2.1. By Country 10.2.1.1. Germany 10.2.1.2.UK 10.2.1.3. France 10.2.1.4. Spain 10.2.1.5. Italy 10.2.1.6. Rest of Western Europe 10.2.2. By Deployment Type 10.2.3. By Application 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Deployment Type 10.3.3. By Application 10.4. Key Takeaways 11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 11.2.1. By Country 11.2.1.1. Poland 11.2.1.2. Russia 11.2.1.3. Czech Republic 11.2.1.4. Romania 11.2.1.5. Rest of Eastern Europe 11.2.2. By Deployment Type 11.2.3. By Application 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Deployment Type 11.3.3. By Application 11.4. Key Takeaways 12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 12.2.1. By Country 12.2.1.1. India 12.2.1.2. Bangladesh 12.2.1.3. Australia 12.2.1.4. New Zealand 12.2.1.5. Rest of South Asia and Pacific 12.2.2. By Deployment Type 12.2.3. By Application 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Deployment Type 12.3.3. By Application 12.4. Key Takeaways 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 13.2.1. By Country 13.2.1.1. China 13.2.1.2. Japan 13.2.1.3. South Korea 13.2.2. By Deployment Type 13.2.3. By Application 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Deployment Type 13.3.3. By Application 13.4. Key Takeaways 14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 14.2.1. By Country 14.2.1.1. GCC Countries 14.2.1.2. South Africa 14.2.1.3. Israel 14.2.1.4. Rest of MEA 14.2.2. By Deployment Type 14.2.3. By Application 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Deployment Type 14.3.3. By Application 14.4. Key Takeaways 15. Key Countries Market Analysis 15.1. USA 15.1.1. Pricing Analysis 15.1.2. Market Share Analysis, 2022 15.1.2.1. By Deployment Type 15.1.2.2. By Application 15.2. Canada 15.2.1. Pricing Analysis 15.2.2. Market Share Analysis, 2022 15.2.2.1. By Deployment Type 15.2.2.2. By Application 15.3. Brazil 15.3.1. Pricing Analysis 15.3.2. Market Share Analysis, 2022 15.3.2.1. By Deployment Type 15.3.2.2. By Application 15.4. Mexico 15.4.1. Pricing Analysis 15.4.2. Market Share Analysis, 2022 15.4.2.1. By Deployment Type 15.4.2.2. By Application 15.5. Germany 15.5.1. Pricing Analysis 15.5.2. Market Share Analysis, 2022 15.5.2.1. By Deployment Type 15.5.2.2. By Application 15.6. UK 15.6.1. Pricing Analysis 15.6.2. Market Share Analysis, 2022 15.6.2.1. By Deployment Type 15.6.2.2. By Application 15.7. France 15.7.1. Pricing Analysis 15.7.2. Market Share Analysis, 2022 15.7.2.1. By Deployment Type 15.7.2.2. By Application 15.8. Spain 15.8.1. Pricing Analysis 15.8.2. Market Share Analysis, 2022 15.8.2.1. By Deployment Type 15.8.2.2. By Application 15.9. Italy 15.9.1. Pricing Analysis 15.9.2. Market Share Analysis, 2022 15.9.2.1. By Deployment Type 15.9.2.2. By Application 15.10. Poland 15.10.1. Pricing Analysis 15.10.2. Market Share Analysis, 2022 15.10.2.1. By Deployment Type 15.10.2.2. By Application 15.11. Russia 15.11.1. Pricing Analysis 15.11.2. Market Share Analysis, 2022 15.11.2.1. By Deployment Type 15.11.2.2. By Application 15.12. Czech Republic 15.12.1. Pricing Analysis 15.12.2. Market Share Analysis, 2022 15.12.2.1. By Deployment Type 15.12.2.2. By Application 15.13. Romania 15.13.1. Pricing Analysis 15.13.2. Market Share Analysis, 2022 15.13.2.1. By Deployment Type 15.13.2.2. By Application 15.14. India 15.14.1. Pricing Analysis 15.14.2. Market Share Analysis, 2022 15.14.2.1. By Deployment Type 15.14.2.2. By Application 15.15. Bangladesh 15.15.1. Pricing Analysis 15.15.2. Market Share Analysis, 2022 15.15.2.1. By Deployment Type 15.15.2.2. By Application 15.16. Australia 15.16.1. Pricing Analysis 15.16.2. Market Share Analysis, 2022 15.16.2.1. By Deployment Type 15.16.2.2. By Application 15.17. New Zealand 15.17.1. Pricing Analysis 15.17.2. Market Share Analysis, 2022 15.17.2.1. By Deployment Type 15.17.2.2. By Application 15.18. China 15.18.1. Pricing Analysis 15.18.2. Market Share Analysis, 2022 15.18.2.1. By Deployment Type 15.18.2.2. By Application 15.19. Japan 15.19.1. Pricing Analysis 15.19.2. Market Share Analysis, 2022 15.19.2.1. By Deployment Type 15.19.2.2. By Application 15.20. South Korea 15.20.1. Pricing Analysis 15.20.2. Market Share Analysis, 2022 15.20.2.1. By Deployment Type 15.20.2.2. By Application 15.21. GCC Countries 15.21.1. Pricing Analysis 15.21.2. Market Share Analysis, 2022 15.21.2.1. By Deployment Type 15.21.2.2. By Application 15.22. South Africa 15.22.1. Pricing Analysis 15.22.2. Market Share Analysis, 2022 15.22.2.1. By Deployment Type 15.22.2.2. By Application 15.23. Israel 15.23.1. Pricing Analysis 15.23.2. Market Share Analysis, 2022 15.23.2.1. By Deployment Type 15.23.2.2. By Application 16. Market Structure Analysis 16.1. Competition Dashboard 16.2. Competition Benchmarking 16.3. Market Share Analysis of Top Players 16.3.1. By Regional 16.3.2. By Deployment Type 16.3.3. By Application 17. Competition Analysis 17.1. Competition Deep Dive 17.1.1. Web Manuals 17.1.1.1. Overview 17.1.1.2. Product Portfolio 17.1.1.3. Profitability by Market Segments 17.1.1.4. Sales Footprint 17.1.1.5. Strategy Overview 17.1.1.5.1. Marketing Strategy 17.1.2. Accelya Holding World 17.1.2.1. Overview 17.1.2.2. Product Portfolio 17.1.2.3. Profitability by Market Segments 17.1.2.4. Sales Footprint 17.1.2.5. Strategy Overview 17.1.2.5.1. Marketing Strategy 17.1.3. Aeroplan, Seabury Solutions 17.1.3.1. Overview 17.1.3.2. Product Portfolio 17.1.3.3. Profitability by Market Segments 17.1.3.4. Sales Footprint 17.1.3.5. Strategy Overview 17.1.3.5.1. Marketing Strategy 17.1.4. Comply365 17.1.4.1. Overview 17.1.4.2. Product Portfolio 17.1.4.3. Profitability by Market Segments 17.1.4.4. Sales Footprint 17.1.4.5. Strategy Overview 17.1.4.5.1. Marketing Strategy 17.1.5. Merlot Aero 17.1.5.1. Overview 17.1.5.2. Product Portfolio 17.1.5.3. Profitability by Market Segments 17.1.5.4. Sales Footprint 17.1.5.5. Strategy Overview 17.1.5.5.1. Marketing Strategy 17.1.6. Vistair 17.1.6.1. Overview 17.1.6.2. Product Portfolio 17.1.6.3. Profitability by Market Segments 17.1.6.4. Sales Footprint 17.1.6.5. Strategy Overview 17.1.6.5.1. Marketing Strategy 17.1.7. Airline Software 17.1.7.1. Overview 17.1.7.2. Product Portfolio 17.1.7.3. Profitability by Market Segments 17.1.7.4. Sales Footprint 17.1.7.5. Strategy Overview 17.1.7.5.1. Marketing Strategy 17.1.8. BERNS Engineers 17.1.8.1. Overview 17.1.8.2. Product Portfolio 17.1.8.3. Profitability by Market Segments 17.1.8.4. Sales Footprint 17.1.8.5. Strategy Overview 17.1.8.5.1. Marketing Strategy 17.1.9. Infotel Group 17.1.9.1. Overview 17.1.9.2. Product Portfolio 17.1.9.3. Profitability by Market Segments 17.1.9.4. Sales Footprint 17.1.9.5. Strategy Overview 17.1.9.5.1. Marketing Strategy 17.1.10. Ideagen 17.1.10.1. Overview 17.1.10.2. Product Portfolio 17.1.10.3. Profitability by Market Segments 17.1.10.4. Sales Footprint 17.1.10.5. Strategy Overview 17.1.10.5.1. Marketing Strategy 18. Assumptions & Acronyms Used 19. Research Methodology
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