The global commercial airline revenue management market is mature, registering about $773.9 million in 2021. Frost & Sullivan 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. Frost & Sullivan 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.
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