- The key vendors in the Aviation Market in Africa 2014-2018 are Cairo International Airport, Egypt Air, Johannesburg Oliver R Tambo International Airport and South African Airways.
London, 10 December 2014: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Aviation Market in Africa 2014-2018. One key trend upcoming in this market is the emergence of local players. Local companies have access to growing domestic traffic and to African passengers, which could be used as a competitive advantage. The Aviation market in Africa is expected to post a CAGR of 5.35 percent during the period 2013-2018.
With an increase in the number of people traveling by air and the corresponding increase in the number of commercial airports and airlines, there is increased need to effectively manage, monitor, and deliver passengers, baggage, and cargo to their correct destinations, driving the Aviation market in the region. Many people can now afford air travel and as a result of increased urbanization and direct air routes between cities, air travel has become one of the preferred means of transportation. Also, along with economic growth, the volume of trade has increased, which further facilitates the growth of air transportation.
“There has been a trend in airlines worldwide toward low fares and aggressive branding to attract passengers,” says Faisal Ghaus, Vice President of TechNavio Research.
“LCCs also provide a comparatively cheap alternative to air travel for millions of people from developing regions such as Africa. They make travel more affordable to a larger traveler base and are likely to have services to many destinations.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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