- The key vendors in the Aviation Market in Europe 2014-2018 (airlines and airports) are Deutsche Lufthansa AG, Ryanair Holdings Plc, London Heathrow Airport and Paris Charles de Gaulle Airport.
London, 21 October 2014: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Aviation Market in Europe 2014-2018. One such trend is the rise of low-cost carriers in Europe, which is expected to increase air traffic in the region. LCCs provide a relatively economical alternative to air travel for millions of people. They make travel more affordable for a larger traveler base and are likely to service many destinations. The market is estimated to grow at a CAGR of 4.21 percent during the forecast period of 2013-2018.
The Aviation market in Europe is expected to grow during the forecast period. With an increase in the number of people traveling by air and a corresponding increase in the number of commercial airports and airlines, there is a growing need to effectively manage, monitor, and deliver passenger’s baggage and cargo to their exact destinations. This drives the Aviation market in Europe. The emerging economies across the world act as a stimulant for the growth of the Aviation market.
“The growing alliance between European airlines and other airlines in the world is one of the major factors increasing the reach and attractiveness of European aviation,” says Faisal Ghaus, Vice President of TechNavio Research.
“Such alliances offer the advantage of worldwide reach, recognition, and seamless service to the international traveler.”
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.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
