COVID-19, commonly referred to as the Coronavirus, is dominating headlines the world over. No industry has seen a greater impact than airlines. Read More

Due to the coronavirus COVID-19 outbreak, many airlines had stopped their scheduled flights to China. From ********** to **********, 2020, the number of flight seats from China to Singapore saw a decrease of **** percent, the largest drop among all travel markets. Thailand followed in second place, losing over *** thousand seats during this period.

International airlines are struggling The pandemic severely disrupted the global aviation industry. Before the coronavirus crisis, Chinese outbound travel was estimated to increase in various countries during the Chinese New Year holidays. As of early February, flight bookings from China to worldwide regions for March and April registered drastic declines from the same period in 2019. As the virus spread swiftly across the globe, the plunge in flight ticket transactions in China continued through April. Industry experts expected that the pandemic could dampen the demand for global air travel for the whole year of 2020.

The devastating effects on Chinese tourism Besides the travel sector, the hotel business was also massively affected. As the epidemic became under control in the country, most of the hotels re-opened, however with a low occupancy rate at the end of March, 2020. The home-sharing giant Airbnb reported significant losses in the market. The outlook of Chinese domestic tourism sector is full of uncertainty, yet a loss of ** percent in revenue for 2020 has been expected.

Global airline industry suffered a huge decline in capacity due to the coronavirus COVID-19 pandemic. By the end of March in 2020, the number of flight seats in the Chinese market dropped to around *** million, just half the amount it was before the coronavirus crisis in January. During the week before March 30, 2020, approximately ** million air travel seats were removed in global carriers.

Report on the impact COVID-19 has had on the Airlines sponsorship sector. Read More

Context

COVID-19 has severely crippled the global airline industry with air service reductions widespread throughout 2020. This dataset will aid those seeking to visualize the impact that the virus has had on the domestic United States airline industry through detailed flight delay and cancellation data.

Content

The United States Department of Transportation's (DOT) Bureau of Transportation Statistics tracks the on-time performance of domestic flights operated by large air carriers. The data collected is from January - May 2020 (will be updated soon) and contains relevant flight information (on-time, delayed, canceled, diverted flights) from the Top 10 United States flight carriers.

Note: Data is in 47 columns with full column descriptions in attached .txt file.

Acknowledgements

The flight delay and cancellation data were collected and published by the U.S. Department of Transportation's (DOT) Bureau of Transportation Statistics.

The impact of the coronavirus COVID-19 pandemic on global airline industry had been unprecedented. China's outbound air travel went down continuously, showing a loss of ** percent in flight ticket sales volume between June 10 and **, 2020, compared to the equivalent week in the previous year.

Given that the novel coronavirus (COVID-19) outbreak intensifies, annual estimates for the aviation industry adjusted. As of April 2021, annual passenger revenue in the Asia Pacific region was forecasted to decline by approximately *** billion U.S. dollars from the previous year. COVID-19 and the global aviation Amid the coronavirus (COVID-19) pandemic, countries and organizations began to implement precautionary measures to contain the spread of COVID-19 for a public purpose. Some of the preventive methods included imposing lockdowns or encouraging no travel unless necessary by governments. Similarly, businesses adopted a multitude of strategies to cope with the challenge, such as avoiding business travels or minimizing them. When aggregated, these measures by the governments and businesses affected the aviation industry adversely. Starting from February 2020, the year-on-year revenue-passenger kilometer (RPK) change on international routes continued to decline, reaching roughly ** percent of decline by April 2020. This decline implies an almost complete cancellation of air travel across the globe. Just like previous months, the enormous negative effect of COVID-19 on passenger aviation continues to persist as of September 2020. Consequently, airlines were desperately urged to request government aid. For instance, Lufthansa Group received over ** billion U.S. dollars and Air France – KLM roughly **** billion U.S. dollars in government bailout package. Despite all, the vulnerability of airlines perseveres as the coronavirus pandemic exposes the globe to the second wave of infections across countries. Financial performance of airlines amid COVID-19 Due to the nature of business activity involved, airline groups usually hold fewer liquidity accounts in their asset portfolios. This tendency is especially the case for traditional airlines, although somewhat less true for low-cost carriers (LCCs). While analyzing the 2019 financial balance sheet data of European airlines, Lufthansa Group held only ** percent of its global revenue in liquid assets, such as cash. Similarly, Air France-KLM around ** percent of its revenue in liquid accounts. On the other hand, Wizz Air and Ryanair demonstrated the best liquidity accounts amongst all European airline groups, with over ** percent of 2019 total revenue as liquid assets. The importance of liquid assets emerges when a business is in unexpected need to finance itself but does not have access to immediate finance capacities. For instance, a company with high illiquid asset portfolio firstly needs to liquidate its illiquid assets and then only be able to meet due business obligations. According to another analysis, Pakistan International and Precision Air have a high risk of collapse as of November 2020.

The impact of the novel coronavirus (COVID-19) can be seen on every sector of the most affected countries as well as globally. In the week starting January 4, 2021, the number of scheduled flights worldwide was down by 43.5 percent compared to the week of January 6, 2020. The impact of COVID-19 on the Chinese aviation reached a peak in the week starting February 17, 2020, with flight numbers down by 70.8 percent. Aviation market prior to COVID-19 outbreak Before the coronavirus outbreak hit the globe, the aviation industry was improving at a steady pace across countries. For instance, the projected annual growth of revenue ton-miles (RTM) for international flights by U.S. commercial air carriers was at roughly four percent for the period between 2020 and 2040. Prior to the coronavirus outbreak, the forecasted aircraft maintenance, repair and overhaul (MRO) market size in North America was over 22 billion U.S. dollars in 2020. After the adjustments with respect to radical changes driven by coronavirus shock, the North American MRO market is now estimated to generate roughly 12 billion U.S. dollars during the same period. Besides, it was estimated that between 2019 and 2038 over 260,000 technicians in the aviation industry will be demanded in the Asia Pacific region only. Aviation market after COVID-19 shock Coronavirus pandemic hit the passenger aviation much worse than cargo aviation because of lockdowns and bans restricting international travel across the globe. As a result of persisting COVID-19 shocks, passenger aviation is expected to lose roughly 370 billion U.S. dollars in 2020. Even though some countries started to recover as the coronavirus spread is being contained, the desired level of recovery may take at least several quarters or years. The change of airlines’ capacity will most likely remain at least ten percent below the 2019 levels. The longer recovery periods are attributed to several factors including the COVID-19 economic recession, confidence of people to travel, and stringent travel restrictions. Therefore, some institutions forecast the aviation industry to recover at a much slower pace than what was expected.

According to Cognitive Market Research, the global Aircraft Flight Management System Market size is USD 2984.5 billion in 2023 and will expand at a compound annual growth rate (CAGR) of 6.80% from 2023 to 2030.

The global Aircraft Flight Management System Market will expand significantly by 6.80% CAGR between 2023 and 2030.
The demand for the Aircraft Flight Management System Market is to help readers develop business/growth strategies, assess the market competitive situation. 
Demand for CDU remains higher in the Aircraft Flight Management System Market.
The online sales category held the highest Aircraft Flight Management System Market revenue share in 2023.
North American Aircraft Flight Management System Market will continue to lead, whereas the European Aircraft Flight Management System Market will experience the most substantial growth until 2030.

Cost-Effective Operations and Digital Tech Integration to Provide Viable Market Output

The growing demand for high-performance aircraft equipped with advanced flight control systems is a significant market driver driven by airlines' requirements for cost-effective operations. Integration of the latest digital technology in flight control systems, especially for supersonic and hypersonic aircraft, further supports the growth of the aircraft flight control system market.

For instance, in July 2021, Qarbon Aerospace introduced the Helios Ice Protection System, an electro-thermal icing protection system that implants a carbon fibre thermoplastic heating element into the engine nacelles and components, fuselages, flight control surfaces, and wings. The increasing emphasis on aircraft safety has led to increased R&D on ice protection technologies.

Source-www.jeccomposites.com/news/qarbon-aerospace-launches-helios-ice-protection-system/

Cumulative Evaluation of the Market to Propel Market Growth

The flight management systems market is very much required for several industries. The innovative technology for the airline will improve the effectiveness of the consumers. The growing need for modern surveillance navigation is a factor that will develop the market's growth. The cumulative evaluation of the market shows that the drivers, like increased airline usage for travelling and interest in the technology defence aviation sector, will increase the market in the forecast period.

For instance, as of June 2022, Japan Airlines was in plans to modernize its fleet of Boeing 737 aircraft fleet with an average of more than 12 years with new fuel-efficient models. The airline is currently exploring its options between Boeing 737 MAX and Airbus A320neo family aircraft.

Source-investors.boeing.com/investors/news/press-release-details/2023/Japan-Airlines-Selects-737-8-to-Grow-Sustainable-World-Class-Fleet/default.aspx

Market Dynamics of the Aircraft Flight Management System Market

Design Challenges to Restrict Market Growth

Flight control systems are essential for ensuring the proper operation of the aircraft, and hence the safety of the crew and passengers is dependent on the optimal functioning of the system and its subcomponents. Thus, the integrated flight control architecture onboard an aircraft model is required to be designed as per the guidelines formulated by aviation regulatory authorities, and their performance and accuracy are required to be validated prior to obtaining installation type certification.

Impact of COVID-19 on the Aircraft Flight Management System Market?

The COVID-19 pandemic affected the aircraft flight management system market significantly. The flight management system market requires newer technologies and improvements now and then as this is used continuously because of the passengers using airlines to travel. Still, the technology market is going through the crisis due to COVID, which affects the market. Supply chains are on pause due to the effect on the market. But it is expected that the market will improve the growth rate shortly. The cases of COVID-19 increased, leading to a halt of all international and domestic travel, thereby grounding the aircraft. The supply for new aircraft deliveries was hampered, leading to a large supply backlog and reduced overall demand for aircraft flight control systems.

Opportunity for the Aircraft flight management systems market

Technological advancements in the aircraft flight management systems pres...

Global Airport Management Software market size was USD 3,931.26 million in 2022 and it is forecasted to reach USD 4,512.44 million by 2030. Airport Management Software Industry's Compound Annual Growth Rate will be 3.6% from 2023 to 2030. Factors Impacting on Airport Management Software Market

Expanding aviation industry and adoption of centralized infrastructure at airports:

The aviation industry plays a vital role in connecting the people across the globe. The growth of aviation industry demands for the rising need for the commercial aviation services which includes maintenance, upgrades, training, flight operations at airports. Additionally, aircraft is one of the important transporting mediums when it comes to connecting people, cultures and businesses across continents. This has increased the number of people opting air travel which has automatically driven pressure on airports to switch towards advanced systems that can enhance their ground operations. Hence, airports have switched move towards centralized infrastructure to meet the need for information sharing among different domains efficiently. Thus, increasing aviation industry and high adoption of centralized infrastructure at airports drives the market for global airport management software.

The Restraining Factor of Airport Management Software:

Threat from cyberattacks may hamper the functioning of entire software which can limit the scope of incorporation of airports. Hence, risk from cyberattacks can hinder the growth of airport management software market.

Market Opportunity:

Rising investments and IT spending by airports across the globe will further boost the market of airport management software during the forecast period.

The COVID-19 Impact on Airport Management Software Market

The advent of COVID-19 had a significant impact on aviation industry, thereby witnessed a significant impact on the airport management services market. The rise in the cases of the COVID-19, led to the closure of the international borders, leading to the closure of flights. A significant reduction on the number of the seats, were observed. The airline industry, witnessed a loss of around USD 371 billion loss of gross passenger operating revenues of airlines. The advent of the COVID-19 crisis has also a significant dramatic damage to the global economy, trade, and mobility. Several aspects of economic and social activity were, significantly, disrupted. Hence, out-break of COVID-19 has had negative impact on the growth of global airport management software market. Introduction of Airport Management Software

Airport management software is a specialized digital platform that allows automation and rationalizes the main airport operations along with various other activities, including baggage tagging and handling, passenger processing, arrival/departure operations, departure control systems, and air traffic control. Thus, airport management software optimizes all the activities in an efficient manner.

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Airline Passenger Communications System Market - 2021-2025

The airline passenger communications system market size is expected to reach a value of USD 2.14 billion, at a CAGR of 8.77%, during 2021-2025. This research study helps in a deep understanding of the underlying forces driving the market growth and current and potential target customers across segmentations. According to our comprehensive survey, factors such as the introduction and adoption of 5G network by the aviation industry are projected to significantly support market growth during the forecast period. View our sample report for insights on the latest trends and challenges that will have a far-reaching effect on the market growth.

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Airline Passenger Communications System Market Segments

Every aspect of business improvement planning depends on the understanding of current and potential target customers across segmentations. Our airline passenger communications system market analysis report extensively covers application (on-board and ground-based) and geography (North America, Europe, APAC, South America, and MEA), wherein you will obtain insights on qualitative and quantitative data that can help in optimizing financial results. Get actionable insights on the airline passenger communications system market segments to recognize and seize financial opportunities.

Furthermore, given the current pandemic situation and its significant effect on industries, it is essential to understand the vulnerable market segments and recovery scope. Our market research experts have evaluated the impact of COVID-19 across market segments for our clients to understand the long-term business implications and foresee opportunities to strengthen market foothold. Want a thorough qualitative and quantitative analysis on the post-pandemic airline passenger communications system market predictions on-demand changes for 2021-2025? You can buy the report now with one easy click.

Airline Passenger Communications System Market Vendors and Competitive Analysis

    The airline passenger communications system market size report discusses the current market structure in-depth and how it will shape up during the forecast period based on the entry and exit of market players. At present, the airline passenger communications system market is concentrated and the vendors are deploying growth strategies such as focusing on product features and pricing to gain a competitive advantage. Take a look at our sample report to get an idea of the well-thought-out business planning approaches of key players.

    The unprecedented outbreak of COVID-19 last year impacted market segments that has had a ripple effect on various stakeholders. To make the most of the opportunities and recover from post COVID-19 impact, the market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Click here to get COVID-19 impact update.

    Buy the full airline passenger communications system market forecast report for detailed insights on complete key vendor profiles. The profiles include information on the production, sustainability, prospects of the leading companies, and other crucial vendor landscape analysis.

Airline Passenger Communications System Market - Region Opportunities 2021-2025

North America will contribute to 35% of the overall airline passenger communications system market growth during the forecast period. The US is the key market for airline passenger communications system market in North America. To unlock exclusive information on potential business markets, economic trends and risks in geographies, and emerging prospective customers buy the report now!

North America has been exhibiting a significant growth rate for airline passenger communications system market vendors. Factors such as the growing partnerships both for the development and operation of airline passenger communications systems, especially for business jet aviation are accelerating the airline passenger communications system market growth in North America. To view our in-depth analytical review on the micro and macroeconomic factors impacting businesses in the regions click here.

The airline passenger communications system market share growth in North America will be slower than the growth of the market in regions such as Europe and APAC. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

Airline Passenger Communications System Market Insights by Application

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According to our market segmentation data

As of April 7, 2020, it is estimated that roughly **** million people working in air travel related industries in the Asia Pacific region will lose their jobs due to the coronavirus outbreak. In the Middle East this number will be equivalent to under *********** unemployed people.

Passenger Airlines (Airlines whose primary business is the transport of passengers) market has evolved dramatically in the recent years. The report Germany Passenger Airlines Market to 2024: Market Segments Sizing and Revenue Analytics provides deep dive data analytics on wide ranging Passenger Airlines market aspects including overall airlines no. of seats sold, load factor, passenger kilometers available etc. all categorized by different service offerings – Low Cost, Full Service and Charter Services. Furthermore, the report details out number of revenue-generating airline passenger kilometers since 2015 to 2024 along with other critical aspects of the Passenger Airlines market. Read More

Qantas’s cost-cutting measures have aided the company in its post-pandemic recovery, but outsourcing, among other actions, has caused substantial reputational damage.

Performance in the industry has been driven by consumer demand for convenient and affordable travel, with air travel a popular mode of transport in Europe. Tourism levels across Europe are the main driver behind performance by passenger air transport companies. The industry has seen some volatility amid the impacts of the COVID-19 pandemic and severe fluctuations in fuel prices. Industry revenue is expected to climb at a compound annual rate of 2.5% over the five years through 2025 to €208.6 billion, despite a 1.1% dip in 2025. Airline performance was hit hard by the travel restrictions during the COVID-19 outbreak but have managed to rebound well in the years since, driving revenue growth. The ongoing expansion of low-cost carriers (LCCs) has been a significant trend in the industry, with these airlines eroding legacy carriers’ market share. LCCs have seen passenger traffic surge in recent years, outpacing growth in volumes recorded by legacy carriers, highlighting shifting consumer preferences and demand for affordable, no-frills flights. The industry has also faced mounting regulatory pressures tied to decarbonisation and sustainability as Europe intensifies climate targets and travellers grow more eco-conscious. Volatile fuel prices have negatively affected profit for carriers, though many have hiked ticket fares to mitigate the impact. However, intensifying price competition has limited how much airlines can raise prices without deterring travellers. Industry revenue is forecast to climb at a compound annual rate of 1.2% over the five years through 2030 to €221.1 billion. The future performance of the passenger air transport industry in Europe remains shaky. Airlines will likely face ongoing challenges related to evolving passenger preferences and keeping up with decarbonisation plans.. A growing passenger preference for greener and more sustainable travel alongside digital solutions will likely shape the industry's outlook. Airlines will have to splash the cash on more efficient aircraft and advanced technology, weighing on profit in the short term but boosting long-term performance. The industry will also face fierce competition from expanding high-speed rail networks, which, supported by major EU investments, will likely siphon off some short-haul travellers and hinder revenue growth.

In 2024, the cargo airline industry generated an estimated revenue of 149 billion U.S. dollars, the highest amount in the given period. Air cargo and the COVID-19 pandemic Amid the coronavirus (COVID-19) pandemic, the global air cargo industry demonstrated a confounded business performance. Although the level of air freight volume declined, the total revenue generation increased. While passenger aviation was hit harshly and swamped by the deteriorating business conditions, the global air freight volume decreased by roughly 20 percent in March 2020 compared to March 2019 levels. Contrary to intuitive beliefs, widely imposed lockdowns across countries and declining industrial production during the coronavirus pandemic did somewhat positively affect revenue levels of the air cargo market. During 2020, the air cargo companies generated higher revenue than expected, which could be mostly driven by the rising prices for rapid transport of goods on airplanes. For example, the number of cargo flights in China and Germany increased during March 2020 compared to months before the COVID-19 hit widely. Airfreight forwarding The process of facilitating the transportation network of freight by air is the main task of airfreight forwarders. With the help of freight forwarders, industrial organizations design business operations across the globe. Consequently, airfreight forwarders are one of the facilitators of the increasingly interconnected international trade relations. Although a multitude of companies strives to achieve more and more market share in airfreight forwarding, some are more successful than others as a result of a well-developed business strategy. As of 2023, DHL Supply Chain & Global Forwarding, Kuehne +Nagel, and DB Schenker Logistics were the three leading airfreight forwarders based on the volume of freight handled. Advancements in global trade creates an incentive for an expansion of opportunity space for air freight forwarders. By the end of 2024, the size of the total freight forwarding market, including airfreight, is expected to reach 178 billion U.S. dollars, which is a 23 percent increase from 2018 levels.

As per Cognitive Market Research's latest published report, the Global aviation consulting service market size was $4987.5 million in 2022. aviation consulting service Industry's Compound Annual Growth Rate will be 5.6% from 2023 to 2030. How are the Key Opportunities Affecting the Aviation Consulting Service Market?

Increasing Air Traffic and Growing Demand for Air Travel to Provide Viable Market Output

A significant market driver for aviation consulting services has been increasing air traffic and growing demand for air travel. With the global economy's growth and new markets' emergence, air traffic has seen a steady rise in recent years. Consequently, demand for air travel has increased, leading to a surge in demand for aviation consulting services to help airlines, airports, and other stakeholders navigate the complexities of the aviation industry. Companies are taking several initiatives to remain competitive in the global market.

For instance, in April 2022, KPMG acquired DayOne Consulting, a consulting firm for implementing, supporting, and integrating the Workday management system. The firm's acquisition of DayOne Consulting showcases its dedication to investing in cutting-edge technology tools that assist clients in their digital transformation journey.

(Source:kpmg.com/ca/en/home/media/press-releases/2022/04/kpmg-acquires-dayone-consulting-leader-workday.html

Airlines, airports, and other stakeholders require specialized aviation consulting services to help optimize their operations and maximize efficiency. These services include operational consulting, financial consulting, risk management consulting, and more.

Complex to understand regulatory environment will drive the market for aircraft consulting services 

The Factors Restraining the Growth of the Aviation Consulting Service Market

High Capital Investment Requirements to Hinder Market Growth

High capital investment is one of the major growth restraints of the global aviation consulting service market. The upfront costs of launching a new business line or entering a new market can be substantial. This can make it difficult for companies to access the funds they need to make the venture a success. This can be specifically difficult for small and medium-sized companies with limited capital access. Moreover, the high operational cost. This includes the costs associated with personnel, equipment, and other overhead costs. These expenses can add up fast and can make it challenging for firms to be profitable in the long term. The complexity of regulatory requirements in the aviation sector can add to the operational costs and make it even more challenging for businesses to be successful.

Impact of COVID–19 on the Aviation Consulting Service Market

The COVID-19 epidemic had a strong effect on the aviation industry as a whole, and therefore, the aviation consulting service market also experienced significant changes and challenges. The most direct and noticeable impact was the drastic decrease in air travel demand due to travel restrictions, lockdowns, and passenger concerns. As airlines and airports faced financial challenges, they had to cut expenses, leading to decreased demand for consulting services related to development and operational advancements. However, as the industry recovers and adjusts to the new normal, there are opportunities for consulting services to help airlines in their actions to reshape their operations, enhance efficiency, and navigate the evolving landscape. Introduction of Aviation Consulting Service

The growing demand for asset management services is as aircraft values are subject to economic cycles and fluctuations. Aviation consultants examine the ownership and funding framework that airline operators will operate for each aircraft shipment months before it appears to minimize hazard, and price, maximize money, and optimize the lifetime of the asset management of the aircraft. The aviation industry is undergoing a rapid transformation due to the rising requirement for air travel and the introduction of current technologies.

According to DGCA data, in May 2023, India's domestic air passenger traffic grew 15 percent year-on-year to 132.67 lakh passengers; the country's domestic air passenger traffic was 114.67 lakh passengers in the year-ago period.

(Source:economictimes.indiatimes.com/industry/transporta...

According to Cognitive Market Research, the global Oxygen Service Carts For Civil Aircraft market size is USD XX million in 2023 and will expand at a compound annual growth rate (CAGR) of 5.20% from 2023 to 2030.

The demand for Oxygen Service Carts For Civil Aircrafts is rising due to rising air traffic and fleet expansion and stringent safety regulations.
Demand for 2 Bottle remains higher in the Oxygen Service Carts for Civil Aircraft market.
The Commercial Jetliner category held the highest Oxygen Service Carts For Civil Aircraft market revenue share in 2023.
North American Oxygen Service Carts For Civil Aircraft will continue to lead, whereas the Asia-Pacific Oxygen Service Carts For Civil Aircraft market will experience the most substantial growth until 2030.

Growth in Air Travel Demand and Aircraft Fleet to Provide Viable Market Output

The key driver for the Oxygen Service Carts for Civil Aircraft market is the sustained growth in air travel demand and the continuous expansion of commercial aircraft fleets. As more people choose air travel, airlines increase their fleets to meet this demand. The expansion of aircraft fleets necessitates efficient ground support equipment, including oxygen service carts, to ensure the safety and readiness of aircraft. This driver is particularly crucial as the aviation industry seeks to recover from the impacts of the COVID-19 pandemic and adapt to the evolving landscape of air travel.

March 2021, Cobham Mission Systems, oxygen enhancing technologies manufacturer, won a Naval Air Systems Command contract to update the jet trainers with the GGU-25 next-generation concentrator. U.S. Navy's T- 45 Goshawk fleet received a new smart oxygen concentrator, a system crucial in providing pilots with clean air while in flight.

Source-www.aero-mag.com/cobham-mission-systems-wins-navair-t-45-oxygen-concentrator-contract

Regulatory Emphasis on Safety and Compliance to Propel Market Growth

A significant driver in the Oxygen Service Carts for Civil Aircraft market is the regulatory emphasis on safety and compliance within the aviation industry. Stringent regulations mandate the proper maintenance and servicing of on-board oxygen systems to guarantee the safety of passengers and crew. Airlines and ground service providers must adhere to these regulations, creating a consistent demand for reliable and compliant oxygen service carts. The continuous evolution of safety standards and the commitment to regulatory compliance serve as key drivers propelling the market forward as the aviation sector prioritizes passenger well-being and operational safety.

July 2023: Mission Systems received a contract for USD 12 million to redesign and upgrade the existing onboard oxygen System GGU-12+ oxygen concentrator in Australian F/A-18F multi-role fighter jets.

Source-www.defenceconnect.com.au/air/12319-oxygen-upgrade-approved-for-australian-super-hornets

Market Dynamics of the Oxygen Service Carts For Civil Aircraft market

Impact of COVID-19 on Air Travel Industry to Restrict Market Growth

One key restraint for the Oxygen Service Carts for Civil Aircraft market has been the profound impact of the COVID-19 pandemic on the air travel industry. The significant reduction in air travel, grounded fleets, and financial challenges faced by airlines during the pandemic resulted in decreased investments in ground support equipment, including oxygen service carts. The industry's slow recovery from the pandemic-induced downturn has created a subdued market environment, hindering the immediate growth prospects for oxygen service cart manufacturers and suppliers.

Impact of COVID–19 on the Oxygen Service Carts For Civil Aircraft market

The COVID-19 pandemic had a significant impact on the Oxygen Service Carts for Civil Aircraft market as it led to a drastic reduction in air travel worldwide. With widespread travel restrictions, lockdowns, and a sharp decline in passenger flights, airlines faced financial constraints, resulting in reduced spending on maintenance and ground support equipment, including oxygen service carts. The diminished demand for air travel translated into a decreased requirement for regular maintenance activities, affecting the market for ground support equipment. Moreover, the aviation industry witnessed a slowdown in aircraft deliveries and production, further impacting the demand for oxygen service ...

In 2021, 84 percent of respondents have expressed that their travel habits are likely to change post-COVID-19. 35 percent of individuals have decided that they would travel less frequently by any means after the pandemic ends.

Performance in the industry has been driven by consumer demand for convenient and affordable travel, with air travel a popular mode of transport in Europe. Tourism levels across Europe are the main driver behind performance by passenger air transport companies. The industry has seen some volatility amid the impacts of the COVID-19 pandemic and severe fluctuations in fuel prices. Industry revenue is expected to climb at a compound annual rate of 2.5% over the five years through 2025 to €208.6 billion, despite a 1.1% dip in 2025. Airline performance was hit hard by the travel restrictions during the COVID-19 outbreak but have managed to rebound well in the years since, driving revenue growth. The ongoing expansion of low-cost carriers (LCCs) has been a significant trend in the industry, with these airlines eroding legacy carriers’ market share. LCCs have seen passenger traffic surge in recent years, outpacing growth in volumes recorded by legacy carriers, highlighting shifting consumer preferences and demand for affordable, no-frills flights. The industry has also faced mounting regulatory pressures tied to decarbonisation and sustainability as Europe intensifies climate targets and travellers grow more eco-conscious. Volatile fuel prices have negatively affected profit for carriers, though many have hiked ticket fares to mitigate the impact. However, intensifying price competition has limited how much airlines can raise prices without deterring travellers. Industry revenue is forecast to climb at a compound annual rate of 1.2% over the five years through 2030 to €221.1 billion. The future performance of the passenger air transport industry in Europe remains shaky. Airlines will likely face ongoing challenges related to evolving passenger preferences and keeping up with decarbonisation plans.. A growing passenger preference for greener and more sustainable travel alongside digital solutions will likely shape the industry's outlook. Airlines will have to splash the cash on more efficient aircraft and advanced technology, weighing on profit in the short term but boosting long-term performance. The industry will also face fierce competition from expanding high-speed rail networks, which, supported by major EU investments, will likely siphon off some short-haul travellers and hinder revenue growth.