Turismo
Rapid Innovations in Technology and Digitization Set to Transform Commercial Aviation Industry
Frost & Sullivan believes that shorter term objectives for commercial aviation businesses will be to develop new revenue streams and enhanced analytics platforms to better inform decision making. In the medium term, interoperability, security, virtual reality and artificial intelligence will become the prominent areas for revenue stream development.
Frost & Sullivan's recent analysis, will focus on airline passenger management and operations; bookings through to airport arrival (landside) as well as airline flight operations, technical operations and disruption management.
The need for real time monitoring, business intelligence and the proliferation of big data analytics drives the implementation of digital projects across the aviation ecosystem. "Major airports are looking to incorporate AI into multiple operations such as personalized online transactions, ticket pricing, revenue management, and passenger flow management," said , Senior Analyst , Frost & Sullivan. "Additionally, the ability to accelerate passenger processing and enhance overall security is driving airports and airlines to embrace biometrics. Partnering with a supplier that can consolidate screening into a wider total addressable market (TAM) value proposition will be a key advantage."
Five major growth opportunity areas include:
"As the aviation industry becomes more connected, we will see greater exchanges of data across multiple stakeholder groups. Increased data sharing will however, create more vulnerabilities and lead to continued investment in cyber solutions and data protection," noted Srimoolanathan.
is part of Frost & Sullivan's global Aerospace Growth Partnership Service program.
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Contact:
Mariana Fernandez
Corporate Communications – North America
P: +1 (210) 348 1012
E: Mariana.Fernandez@frost.com
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