2020 will be a milestone year for a lot of reasons. And it’s certainly set to be a captivating year for the aviation industry, with the industry currently going through a significant change on numerous levels. Mentioned below are some of the factors that are expected to bring a change in the aviation industry:
Profitability is certainly going to be an issue for aircraft carriers after the International Air Transport Association (IATA) cut its gauge for 2020 profit in the industry by around 20%. At present, 290 aviation companies are registered under the IATA, which accounts for around 82% of the scheduled airline traffic. With the introduction of stringent rules, many carriers will be feeling the pinch.
Sustainable Aviation fuel
One trend that we can hope to see getting more mainstream in 2020 is carriers using increasing quantities of sustainable aviation fuel (SAF). The aviation industry will come progressively under serious consideration with respect to its ecological credentials, and SAF is one method for addressing the growing concerns of the government and the public.
Sustainable fuels are basically biofuels for airplanes, with any fuel achieving sustainability accreditation having met criteria identified with its global environmental, social and economic impact. As the carbon emission of aircraft turns into an ever more growing concern, more and more carriers will be opting for these fuels trying to decrease their impact on the environment. For instance, the BioPortYVR project is aimed at increasing the supply of SAF in Canada.
The aviation industry has never stepped away from technological advancements. Technology will likewise be a hot topic in 2020, with the aviation industry always looking for adopting new changes in the technological landscape. For instance, robotic assistants will become more mainstream and will be deployed in air terminals in the months ahead, also with the widespread adoption of 5G networks.
AI, VR, and augmented reality will all start to have a bigger impact on customer service in 2020. Furthermore, aircraft and air terminals will keep on exploring the potential of blockchain technology as an approach to improve wellbeing and security at air terminals, in both booking and tracking functions.
In a competitive and tech-focused industry, the uplifting news for travelers in 2020 is that the customer will be above everybody else. Carriers will court passengers like never before in the months ahead, and this implies more deals, greater adaptability, and more spotlight on the passenger experience. While this will take numerous forms, it has additionally been stated that a few carriers may enable travelers to start taking liquids on board flights again, thanks to the new scanning technology.
Above all that, Premium Economy is set to proceed with its rise to prominence. As more carriers introduce Premium Economy, there will be more options for travelers, however, they’ll need to search around more so as to get the best deals in a busy marketplace.
Finally, regardless of the fact that aviation holds something even bigger, the industry keeps on looking for better approaches to attract youngsters to work in it. As indicated by HR.com, 42% of aviation pioneers consider shortages in labor in the maintenance technician field to be their most growing concern.
The image that is painted for avionics in 2020 is an industry that is quickly developing and grasping new developments while looking up to some huge challenges that will pro-actively define the future direction of the business.