The Coronavirus has closed down air travel since March. The world is beginning to return to normalcy. Seven nations have agreed together to open up air travel and tourism. These nations are Greece, the Czech Republic, Austria, Australia, Denmark, Israel, and New Zealand.
The Coronavirus epidemic could cause losses of nearly $27.8 billion for the airlines in the world, and almost half of this amount would be suffered by the Chinese market, the International Air Transport Association (IATA) estimated Thursday. For the first time since 2003, when the Severe Acute Respiratory Syndrome (SARS) crisis erupted, air transport suffered, according to IATA.
The global commercial aircraft gas turbine engine market is predicted to expand at 6% CAGR during the forecast period (2016-2021) owing to the growth in aircraft fleet, asserts Market Research Future (MRFR). Aircraft gas turbine engines are the extensively used propulsion systems in the aviation sector. Turbofan and turboprop are the two types of turbine engines used. The market across the globe is estimated to expand at a rapid pace.
IoT has found core application in the aviation industry. It is used for almost all activities from passenger handling to security. Market Research Future (MRFR) observes that the global airport IoT market is anticipated to register a moderate CAGR across the forecast period 2019 to 2025. Rising adoption of innovative technologies for operational activities in airports all over the world is likely to take charge of the growth of the market in the upcoming years.
The increase in volumes of cargo transported and rising security threats raises high demand for increased- cargo inspections, physical security of air cargo facilities and stricter controls over accessing operation areas.
The key role of aircraft tires in providing the proper support to the body weight of aircrafts upon landing and while being stationed on ground makes them a crucial commodity. The aerospace industry continues to witness millions of dollars in terms of investment and expenditure, of which a major part are spent on using the right set of aircraft tires.
With the growth of airline industry, the companies operating within are focused towards enhancing service offerings and customer experience during travel. Perception of any travelers in aircraft is to get best comfort journey.