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How Moderninizing Aviation Can Maximize Its Benefits
Irrespective of the ownership model, investment in modernizing aviation infrastructure and services is critical to improving global connectivity and the economy. According to the ICAO forecast, by 2045, the passenger traffic in the aviation industry will be over 22 trillion. If the projection stays true, by 2036, aviation will employ 97.8 million people and generate USD 57 trillion in GDP revenue. Thus, meeting this projection growth can yield numerous benefits, and for the same, investment in the modernization of the aviation industry is a must.
The Benefits Of Modernizing The Aviation Industry
The primary benefit of investing in modernizing aviation infrastructure includes boosting the capacity of the global aviation system. It will help meet the passenger demand and, further, has the potential to reduce travel time. Improvement in the service, like including UnitedWifi to provide the passengers with internet connectivity in the air, plays a valuable role in increasing the reliability of the passengers in the airlines. Furthermore, it helps gain public confidence.
Checklist To Maximize Aviation Benefits Sustainably
Firstly, there is a requirement to have proper economic development planning that can mainstream the different priorities of the aviation sector. Doing so will help the aviation industry to become a significant economic development driver. Second, there is a critical need to upgrade the aviation infrastructure, including WiFi connectivity such as SpiritWiFi in Spirit Airlines, air navigation system and more.
Also, states and regional and international organizations should unite to create diversified funding sources for the aviation industry, which can aid in proper resource mobilization. It can ultimately lead to multilateral development within the aviation sector. '
Lastly, different airlines should minimize their environmental effect to meet sustainable development goals. This development can further be given a push by making the public a crucial member of the air transport solutions. Listed below are a few innovations which can help aviation in refining itself.
Predictive Maintenance
With the advancement in cloud technology, aviation can use predictive maintenance of airlines to bring efficiency to the system. Predictive maintenance uses machine learning to optimize different maintenance tasks through resource and time optimization. In addition, it also helps save costs for different airlines.
Airport Digitization
Digitization of airports is a concept that has been introduced previously, but still, it has much more scope. Most airports worldwide have undergone digitization, but still, there is much more potential to expand the process. For example, better security control can allow passengers to leave their electronic items in their bags while scanning, saving time for both the passengers and the security checker.
Beacon Technology
Beacon technology is currently prevalent in the retail industry, but it has a vast prospect to benefit the airline industry. It can make navigation easy for travelers who need to travel between different terminals. Similarly, it can help the airport vendors to locate the passengers to deliver their products and services. Beacon technology can highly provide travelers with a personalized experience.
Internet of Things
It can help airlines to monitor different machinery and aspects in real time. For instance, the Internet of Things allows the sensors to identify and further report faults to the maintenance team. In a way, it eliminates the need to manually identify and report defects within the system. Many airlines, like Virgin Airlines, already use IoT to collect real-time data on maintenance and performance to bring efficiency to the system.
Sustainable Innovation
The aviation industry together has self-imposed a goal to achieve net zero carbon emissions by 2050. Even though the goal is ambitious, it will likely achieve it. However, to achieve the same, the aviation industry, while innovating, should use green technology to maintain a delicate balance between modernization and sustainability.
The Future Of The Aviation Industry
The airlines in the future are expected to run autonomous flight systems, which will ensure human-free flights. Similarly, manufacturers will likely use new materials to create more robust and stiffer aircraft. 3D printing is also gaining popularity in designing the interior of aircraft. In the future, manufacturers will use 3D printing to develop the aircraft's interior and exterior.
The Challenge
The major challenge in the aviation industry is that they pay for their infrastructure cost, including air traffic control, airport terminals and even the runway. Not much public investment or taxation finance these developments. In order to bring innovative solutions in the future, there is a critical need for the involvement of different stakeholders in the aviation industry to diversify the funding source.
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