Aviation Industry: Unstoppable Evolution in Business and Technology - Research Paper

Introduction

For many years, the aviation industry has witnessed a lot of inevitable changes, some being positive and others contrary. The aviation industry needs to be protected, as it is a critical factor in economic development. Almost half of the world's business is conducted by air, which makes aviation crucial in business worldwide. It is predicted that in the next 30 years, more changes are likely to be experienced as technology advances. These changes are compared to those of other industries like absorption of the taxi by the emergence of Uber in the taxi industry, the difference in the music industry after internet downloads, and many more. But it is worth noting that technology isn't the only challenge; political changes are also expected to bring a negative impact. For instance, the Brexit situation in the Uk and the anticipated legislative elections in the united states, a trade war between US-China. These two factors need to be given considerable attention as they determine the future of the aviation industry. Therefore, it is essential to find new ways that will strengthen the future of the aviation industry as a whole and understand the causes of change, factors accelerating change, and other predisposing factors that are likely to affect the aviation industry.

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Sustainable Future

Sustainable development can be best defined as the development to meet the current needs without preventing future generation from meeting their own needs. This can be explained in four main themes that are directly responsible for the rapid change in the aviation industry setting. The changes are crucial and should be keenly looked at when it comes to the industry.

Geopolitics

An extended period of peace even though new borders have been redrawn due to permanent or long term land trade. The Chinese debt situations lead to the rising of states like Pakistan, Egypt, Nigeria, Iran, and South Korea to join the G20. The new policies related to global grievances helped to solve environmental and market challenges. Also, multi-national corporations (MNCs) and international non-governmental organizations (NGOs) have helped a lot in providing public services to countries. The pressure was intense in Africa and Asia that were faced with climate change, hunger, and increased population, influencing rapid innovation. The government in these states was forced to form industrial policies to lead their people to economic growth, but the people never liked them; they, therefore, went to outside countries to seek for the experience. The governments later acknowledge that change can be made if communities and businesses are empowered. The today the entire world has dramatically improved. South and Asia-pacific uncouthly dominates international trade.

Data

Ease of access to information has contributed significantly to this change. As the population keeps increasing. Governments had the aim of solving problems of starvation, energy, and prevailing poverty. They opened public service delivery by linking users and suppliers. Communities and companies competed to acquire this opportunity. New trends in technology have enabled rapid analysis of tension and even behaviors. People are paid for their data, increase in supervision, and surveillance at work led to the drive of international standards.

Economy

A calm and thriving economy is a significant boost to the future of aviation by increasing trade. New trade routes are therefore being established across the entire world. The invention of blockchain and other current technologies have helped reform the financial and legal sector at large, reducing hindering economic factor.

Government

Governments help by the leverage opportunities that deal with open data and democracy. They also make the implementation of solutions at lower levels, but mainly help through the outsourced to companies and communities. Due to this new trend, some governments become highly dependent on sharing-economy, jobs also become part-time, and the expert came outside and accompanied by robotics and automation.

Drivers of Change

New Consumption Methods

Buyers around the entire globe have been seeking a higher value for goods and services, changing their relationship with things. The introduction of innovation is likely to change the buying and selling process. There is an increasing demand in personalized experienced because this makes business more successful. The establishment of new business models like Uber and Airbnb. From then on perspective of a growth market, the Asia-pacific regions are predicted to produce more flyers not to forget China's journey to get on top of the U.S., which is currently the world's largest aviation market. (United stated, 1976)

Price of Oil

The amount of oil has fairly remained stable for almost three years now.it predicted that in the future the rate may outstrip the demand for goods. The continuing of low cost may lead to saving for transport. The amount of oil is, however, expected to increase shortly. Higher oil prices will lead to an increase in more upper jet and plane fuels. This may force airliners to pass this to consumers through high airfares. Change in fuel bills will have a direct effect on the operation cost. An airline is therefore on edge in trying to manage the inevitable circumstances that are likely to come with increased fuel prices one essential approach by varying the operational while at the same time optimizing the consumption of fuel.

Infectious Diseases and Pandemics

In the past, it was thought that many feared contagious diseases were under control. But as time progresses, new diseases like HIV keep emerging, which raises a lot of questions. If new contagious diseases keep appearing, the free movement of people may be hindered, hence, possessing significant economic threat, especially to international trade. For instance, Ebola in some parts of West Africa has restricted the movement of people from these countries. People tend to shy away from such kind of places. So new diseases my indeed interfere with the future of air transport.

Strategy to Ensure Air Travel Success

To ensure prosperity, the sector should acknowledge the importance and support of of the duties played by international institutions. They should form a relationship with these institutions in the establishment of policies and reforms and test the new proposed strategies to drive towards harmonization. The aviation industry should appreciate and understand the role played by these developing countries and ensures that balanced representation is mainly achieved in the global discussion.

They should build lasting relationships with both private and government institutions and Interests may be shifted towards innovations such as space technologies. The industry should carry out market research that aims to discover new origins and destinations. The IATA survey about consumers in one of the strategies that can be used to understand what makes consumers choose a guaranteed place to travel over the other, the reason, and the type of services to give different consumers. It is also crucial to put more effort into trying to find how the industry can meet customers' pending needs.

The challenge of infectious diseases, if not control can cause a standstill in the aviation sector. Airliners should, therefore, take the mandate to monitor and come up with methods to stop the spread of these diseases. The industry may gain a lot from collaborating with WHO to pressure the government in their role in ensuring quick response to epidemics.

Conclusion

Today people will prefer point to point forms of travel. Air transport, therefore, dominates the worldwide movement of goods and services, but a shortage in other energy and storage has made affected it so much. Air transport is currently affordable, but due to climate resettlement issues, most countries have begun to introduce restrictions like visas to help meet sustainability targets. To protect the future of one of the most significant economic contributors, this also provides infrastructure for the connection of a large population globally. Many factors and forces that interfere with the future prosperity of air transport need close attention when making a decision concerning the aviation industry. (Fojt, 2006) It is essential first to construct many hypotheses of how the world may change shortly. The sustainability scenario, in particular, is undoubtedly crucial in shaping the future of aviation comes the year 2035. IATA, as an organization, plays an important role in ensuring these goals are met. All the stakeholders in the aviation industry should be mentally and psychologically prepared for the future ahead. It is however, essential to note that these changes will never come quickly but through the combined efforts of all the sectors of the economy, which are either directly or indirectly dependant on the aviation industry.

References

The United States. (1976). The future of aviation. Washington: U.S. Govt. Print. Off.

Fojt, M. (2006). The airline industry. Bradford, England: Emerald Group Pub.