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Frost Radar™: Global Commercial Airline Revenue Management Market-2022

Frost Radar™: Global Commercial Airline Revenue Management Market-2022

  • October 2022
  • 34 pages
  • ID: 6362476
  • Format: PDF
  • Frost & Sullivan


Table of Contents

The global commercial airline revenue management market is mature, registering about $773.9 million in 2021. The analyst expects the market to reach $1.0 billion in 2032, moving at a compound annual growth rate (CAGR) of 2.6%. As airlines are adopting digitalization across all operational areas, vendors are upgrading their revenue management solutions by adding next-generation technologies such as artificial intelligence and Big Data analytics to deliver optimal revenues for airlines.

The growth in passenger traffic leading to more routes, the potential increase in aircraft deliveries, and the development of new carriers globally are factors set to drive the commercial airline revenue management market.While the COVID-19 pandemic nearly halted the global aviation industry, high jet fuel prices and the Russo-Ukrainian War have exacerbated global aviation uncertainties.

A drawn-out war will only worsen the outlook.

The analyst expects domestic and international air travel to recover fully and reach 2019 passenger traffic levels in 2024 if no new, large-scale infections lead to lockdowns and a halt in economic activities.

Airline schedules and pricing forecasts are vital for carriers to maximize revenues.

The accuracy of these models depends on historical data from many internal and external systems.

However, historical data became redundant post-pandemic when the demand-and-supply situation changed completely.

The redundancy of historical data led airlines and solution vendors to forecast demand scenarios based on alternate data. The 10 competitors benchmarked in this radar™ serve nearly 29.9% of the market.

The firms comprise 3 groups: leaders in the global airline information technology (IT) market with extensive portfolios that extend into adjacent areas; smaller firms with niche and focused solution portfolios; and start-ups that are leveraging next-generation technologies to enhance their capabilities.

The companies featured in the Global Commercial Airline Revenue Management Market radar™ are Sabre, PROS, Amadeus IT Group, Coforge (formerly NIIT Technologies), Accelya, Lufthansa Systems, Airline Tariff Publishing Company (ATPCO),FLYR Labs, Sirena-Travel JSC, and Maxamation.

The analyst has identified these organizations as the leaders in this market. The radar™ reveals the market positioning of these leading companies using their Growth and Innovation scores as highlighted in the radar™ methodology.

The document presents competitive profiles on each of the companies in the radar™ based on their strengths, opportunities, and market positioning.

It discusses strategic market imperatives and the competitive environment that vendors operate in as well as makes recommendations for each provider to spur growth.

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