Commercial Aviation Crew Management Systems Market: Global Forecasts & Analysis 2012-2017 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-03-12 21:21:02
The CMS market is expected to grow at a CAGR of 8.92% during the period 2012-2017. The current market size is $1.5 billion which is expected to grow to $2.3 billion by 2017. APAC and ME will be the fastest growing regions which are expected to grow at a CAGR of 11.87% and 11.69% respectively. This shows the growth of regional economies in CMS market.
The entire IT sector in aviation is growing. From five years down the line airlines are planning to improvise themselves by deploying better resources for more productivity. There lies the potential of the CMS market which forms an inevitable part of IT sector in aviation. In airline industry manpower planning has a huge role. Human errors can make devastating effect that might reduce the airline profitability. Airlines use software as the way to avoid all these problems and achieve maximum productivity across fleet. The growth in the airline industry has created a huge demand in the software market for better manpower planning and handling.
The major players in this market are very few. The market is highly segmented having a lot of small IT vendors who are region specific in their operations. CMS is a very dynamic sector with lots of changes happenings on a daily basis.
Software plays a crucial role in managing airline crew. The existence of an airline in the current fluctuating market scenario depends on the efficient management of fuel costs, flight timings and crew scheduling. The need for efficiency in management of crew time has persuaded airlines to invest in software like CMS which will enhance their operational efficiency. Because of the large number of crew members in major airlines a small improvement in productivity will lead to a profit of several million dollars. Adaptability is the major benefit of CMS software which is built on advanced mathematical models.
There are large numbers of IT vendors whom the airlines chose for their crew management systems. Column Generation Technique is a commonly used tool which provides faster crew pairing solutions. The market size is huge as airlines invest is more in IT, because technology is the only tool they can use against others in the cut throat competition with their rivals.
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