Aviation: How airline industry may change over next 20 years? These factors to decide
Aviation industry went through troubled times last year due to increase in fuel prices. An IATA and School of International Futures study looks at how external forces—from geopolitics to technological innovation and environmental concerns could shape aviation’s future. "As we start a new year, what will change #aviation in 2019 and beyond? ✈️❓ #Flying2Future," IATA tweeted. Here are some key drivers of change over the next 20 years:
Strength and volatility of the global economy:
1. Strength and volatility of the global economy: Economic shifts to developing nations will alter patterns of trade and traffic
Alternative fuel and energy sources:
2. Alternative fuel and energy sources: A global focus on the environment is driving the need for alternatives to traditional fuels
Tension between data security and surveillance:
3. Tension between data security and surveillance: Will people be willing to trust the industry with their data?
New Modes of consumption:
4. New Modes of consumption: Consumers will want more use of technology for personalised experience.
Extreme weather events:
5. Extreme weather events: Expected increase of events could disrupt operations and damage infrastructure.