Aviation experts like Rockwell Collins and Iridium will be quick to tell you that if your five year plan doesn’t incorporate Asian markets’ perspectives, then you’re setting yourself up for failure. The aviation industry is seeing increases of travelers both to, from and within the region that cannot go unnoticed.
The unparalleled travel growth in Asian markets will only be further fueled by the occurrence of not one, but the next two Olympic Games in the region – Tokyo in 2020 and Beijing in 2022. With Brazil seeing a nearly five percent increase in travel when they hosted the Olympics in 2016, it’s safe to say there are no signs of slowing for the Asian travel industry.
According to an IATA forecast from October 2016:
The forecast for passenger growth confirms that the biggest driver of demand will be the Asia-Pacific region. It is expected to be the source of more than half the new passengers over the next 20 years. China will displace the US as the world’s largest aviation market (defined by traffic to, from and within the country) around 2024*.
India will displace the UK for third place in 2025*, while Indonesia enters the top ten at the expense of Italy. Growth will also increasingly be driven within developing markets. Over the past decade the developing world’s share of total passenger traffic has risen from 24% to nearly 40%, and this trend is set to continue.
So how are leaders in the industry adapting to new demands in Asian markets? Earlier this month, the Connected Aviation Today team covered the 2018 Singapore Airshow and highlighted the exponential growth in Asian markets for which the aviation industry is bracing itself. Some of these approaches include adjustments to manufacturing, air traffic control (ATC), and data management.
Like other industry leaders at the Singapore Airshow, Rockwell Collins announced new relationships with Asian airlines that are now implementing aircraft data and advanced predictive analytics to increase safety and efficiencies.
“Being able to more effectively manage data and adjust ATC operations is imperative to the growing Asian markets. Those foundational elements are essential to delivering the best possible end-to-end journey for travelers,” explained Andrew Onken, Senior Program Manager of Air Traffic Services at Rockwell Collins Information Management Systems.
The momentum in the Asian markets will continue to drive the strategy for aviation leaders around the globe. By bringing cutting edge technologies like superior data management, more reliable ATC, and updated manufacturing approaches to the table, aviation leaders will be able to effectively adapt to the rapidly changing Asian travel landscape.
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