1. Air Travel Recovery from Pandemic
Due to the aftermath of the COVID-19 pandemic, the airline business has been particularly hit hard. Nevertheless, the industry is slowly recovering, with revenues increasing as regulatory restrictions are loosened and people are beginning to travel again. Due to these factors, the airline industry is predicted to see increased profit in 2023.
According to the ICAO's most recent analyses, global air transport seat capacity and passenger numbers have reportedly increased to an estimated 80% of pre-pandemic levels. Passenger revenue is currently at about 72% of its 2019 high point.
When compared to the same time last year, the number of passenger aircraft in operation increased by 34%, mirroring the general traffic recovery and reaching 80% of pre-pandemic levels.
Still, companies such as suppliers, airports, and navigation services will have to continue efforts to control the costs due to the rising fuel prices and rebound in the labor segment of the industry.
2. Biometrics in Airport Technology
As Airport security is a crucial part of the travel experience, airports are taking measure to ensure the safety of their passengers. And one way they are doing this is by using biometrics, which uses physical or behavioral characteristics to identify an individual.
Common examples are Facial recognition, fingerprinting with vein pattern recognition and iris scanning, which is currently considered to be the most accurate modality of biometric identification. Biometrics, for instance, are used to verify passenger identity during photo identification, so the contactless screening process can be more efficient.
Not only can biometrics speed up processes, but they may also safeguard travelers from potential dangers, such as better identifying passengers, so the security personnel can more quickly detect suspicious behavior.
3. Automation & Robotics
Autonomous robots driven by AI are becoming common to see in many major airports. In 2021 the market size for robotic process automation in aerospace market was USD 7.35 Billion and the revenue forecast in 2030 is estimated to be USD 51.93 Billion. (according to mergenresearch)
These robots assist with logistical chores such as carrying luggage, assisting passengers, driving automated vehicles, welcoming customers, etc. Robots can also perform dangerous tasks like surface paint removal using a flash laser welding process. Automation and robotics will continue to be a source of innovation and growth in the aerospace sector.
4. Structural Health Monitoring in Aircraft Maintenance
The structural health monitoring (SHM) for airplane maintenance trend will also continue to improve in 2023. The market is estimated to grow from USD 2.0 billion in 2022 to USD 4.0 billion by 2027, at a CAGR (compound annual growth rate) of 14.6% between 2022 and 2027. (according to marketsandmarkets)
SHM is a procedure for keeping an eye on the health of aircraft structures to maintain their performance and safety. Using SHM, mechanics can do preventive maintenance on aircraft structures and identify prospective issues.
They will be informed if the aircraft components need to be replaced, and attain the reliable supplies to address repairs and ensure the aircraft’s safe operation. Therefore, SHM is becoming more significant as aircraft become more complicated and operate in more challenging environments.
5. Adaptation of Cloud Technology
Between 2021 and 2028, the market for cloud computing is expected to grow at a CAGR of 17.9%, from $250.04 billion to $791.48 billion.
Even though part suppliers and subcontractors often times fall behind in their digital cloud transformation, the overall aerospace cloud computing is increasing as more Airlines are using cloud solutions to communicate flight position, speed, and other data to servers located on land.
By leveraging cloud computing and paying for only the services that are used, businesses can avoid investing in the full infrastructure. Additionally, in the aircraft business, cloud enables any airplane component to be quickly recreated rather than producing a genuine prototype.
Cloud technology can also be used to organize, store and protect highly sensitive data from all sizes of airlines.
6. Airport Self service
In the near future, passenger operations—from check-in through boarding the flight—will be handled by the passengers themselves. According to IATA, by 2020, 80% of all passengers worldwide will use a full self-service set designed in accordance with standards issued by the association.
This will increase non-aeronautical revenue, reduce operating costs, and help to better utilize resources. Suppliers have created new, standardized products that support these services, such as e-boarding and self-service platforms. Passengers will also be able to control their trip plans, and monitore their luggage.
For instance, the Self-service bag drop (SSBD), is an automated device aimed to shorten passenger check-in delays. It allows travelers to print bag tags and boarding cards and place their bags into the baggage system themselves, utilizing a simple, customer-friendly user interface.
It is reported that since introducing the SSBD system to the airport, passengers are being checked in 12–15 minutes quicker in comparison to using the traditional method of check-in desks, and queue times have been reduced by an average of 10 minutes.
7. Further Development of Electric Aircraft
It is no secret that the aviation industry has been trying to reduce its environmental impact for many years.
According to the Aircraft Electrification Market Size, Revenue, Global Analysis and Forecast to 2028, the Aircraft Electrification Market is expected to grow from US$ 1,977.47 million in 2021 to US$ 14,683.71 million by 2028, at a CAGR (compound annual growth rate) of 34.1% from 2022 to 2028.
In order to provide a more sustainable and ecologically friendly choice for air travel, many businesses are focusing on further research and development of electric aircraft. Electric aircraft are anticipated to play a bigger part in the sustainable aviation of the future as research and battery technology advance.
For instance, Renault, Airbus are developing battery technology with the focus on energy storage and solid-state batteries for hybrid airlines.
As the sector continues to recover from the epidemic and looks toward a sustainable future, these are just a few of the trends in aviation that you may anticipate in 2023.
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