At 8.5% CAGR, Asia Pacific Flight Planning Software Market is Projected to be Worth US$ 453.51 Million by 2031, says Business Market Insights

According to Business Market Insights research, the Asia Pacific flight planning software market was valued at US$ 236.22 million in 2023 and is expected to reach US$ 453.51 million by 2031, registering a CAGR of 8.5% from 2023 to 2031. Increasing orders and deliveries of narrow body aircraft and helicopters and increasing orders and deliveries of narrow body aircraft are among the critical factors attributed to drive the Asia Pacific flight planning software market growth.

The aviation industry has matured rapidly over the years, recording a significant number of aircraft production and deliveries. This has showcased massive order volumes for various commercial aircraft manufacturers worldwide. Commercial aviation is foreseen to surge in the coming years with an increase in air travel passengers and aircraft volumes. The increase in orders of narrow-body passenger and commercial aircraft across the globe drives the demand for flight planning software. After the COVID-19 pandemic and ongoing geopolitical wars in Europe and the Middle East, the global economy is weakening. However, people's desire to travel and the flow of travel have increased. In addition, the rapid growth of secondary and tertiary airports has continued due to the COVID-19 pandemic. Hence, airlines plan to expand to more remote locations by launching routes to smaller city airports. With the increasing number of aircraft and airports, the demand for flight planning software is also rising.

In 2022 and 2023, Boeing and Airbus have witnessed a significant increase in orders for narrow-body aircraft. According to the Airbus order and delivery database, there were 820 commercial aircraft orders in 2022, which rose to 2094 in 2023, as shown in the above figure. Moreover, according to the data, there was an increase in deliveries for narrow-body aircraft—such as A220, A319, A320, and A321—compared to the wide-body aircraft—such as A330 and A350—in 2023, which is shown in the figure below.

Airbus and Boeing are the two aircraft manufacturing giants with significantly higher volumes of orders and delivery statistics. These two aircraft original equipment manufacturers (OEMs) continuously encounter orders for various aircraft models from civil airlines. The table below highlights the comparison of orders and deliveries from Airbus and Boeing during 2020–2023:

Aircraft Orders and Deliveries, by Boeing and Airbus, 2020 and 2023

Airbus forecasts that 40,850 new passenger and cargo aircraft will be delivered from 2023 to 2042, of which 32,630 will be typical single-aisle aircraft, and 8,220 will be typical wide-body aircraft. In addition, the demand for freight aircraft is projected to reach 2,510 aircraft, with 920 newly built during the same timeframe. Thus, the increase in orders and deliveries of narrow-body aircraft drives the flight planning software market.

On the contrary, the rising instances of cyberattacks on aviation sector hampers the growth of Asia Pacific flight planning software market.

Based on deployment, the Asia Pacific flight planning software market is bifurcated into cloud and on-premise. The cloud segment held 78.1% market share in 2023, amassing US$ 140.75 million. It is projected to garner US$ 269.09 million by 2031 to register 8.4% CAGR during 2023–2031.

Based on component, the Asia Pacific flight planning software market is bifurcated into software and services. The software segment held 76.2% share of Asia Pacific flight planning software market in 2023, amassing US$ 180.12 million. It is anticipated to garner US$ 338.87 million by 2031 to expand at 8.2% CAGR during 2023–2031.

By application, the Asia Pacific flight planning software market is segmented into logistics and cargo, airport, private airlines, commercial airlines, flight school and training center, and military & defense. The commercial airlines segment held 45.4% market share in 2023, amassing US$ 107.24 million. It is projected to garner US$ 217.32 million by 2031 to register 9.2% CAGR during 2023–2031.

By country, the Asia Pacific flight planning software market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 40.1% share of Asia Pacific flight planning software market in 2023. It was assessed at US$ 94.64 million in 2023 and is likely to hit US$ 191.93 million by 2031, registering a CAGR of 9.2% during 2023–2031.

Key players operating in the flight planning software market are CAE Inc; Collins Aerospace; NAV Flight Services LLC; Jeppesen Sanderson, Inc.; Sabre Corp; NAVBLUE; FSS GmbH; Laminaar Aviation Infotech Pte Ltd; Chetu Inc; AIMS INTL DWC LLC; eTT Aviation; ForeFlight LLC; Amadeus IT Group SA; Universal Weather and Aviation, Inc.; Airsupport A/S; Deutsche Lufthansa AG; and RocketRoute Ltd. among others.

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