We keep hearing the words like the economy, market sentiment, buying trend said to be the jargon widely used in the financial sector.  Surprisingly, not being the financial experts every one of us is well connected and even practice the same in our day-to-day life.

A little insight makes us know that it is all our intentions that make us buy or not buy an item.

Recision said to be a phase of economic contraction resulting in the decline in of business making the customer not to go for easy buying but a buying on a calculative approach.

Owing to the spending constraints of his own, the customer is looking for a shared economy that made the business people come up with a strategy called sharing Marketplace.  The strategy is to offer more options to customer can make his own choices and services delivered to the doorstep.

The key success stories of the players like DoorDash and Uber is ample proof to understand the market need of the customer is  On-demand services.  Customer is given a more choice to order food,  to choose the restaurant and the food is delivered to the doorstep.

On-Demand services could see the aviation industry explore the opportunities offering a new concept and services where the passengers have an option to choose aircraft leaving them to have an On-demand aircraft service,  totally a new experience.

The On-Demand Charter Flights:

Truly, it is an amazing experience for the passenger where he can book uber to cover the long-distance journeys setting aside the havoc times of road traffic, surging prices, and time restrictions.  Uber in addition to their food delivery services came with UberAir is an aerial electric ride-sharing service that can benefit from the air transport model.

An imagination of booking uber covering several miles by air avoiding the irritating times felt on the road traffic like traffic congestion, surge pricing, and uncertainty of arrival time leaves everyone gets excited. UberAir offers an aerial electric ride-sharing service in addition to their trend-setting food delivery concept making urban mobility and urban transport more affordable.

The Key Stakeholders of the On-Demand Air Travel Sector:

Pilots:

Pilots are in touch with the passengers share the information on seat vacancy in their on-demand flight application. Customers can make it their own choice of preferences.

Customers:

Being the revenue generators, customers can avail of a luxurious travel experience on a limited budget.

eVTOL companies:

A key player to cater the on-demand aircraft services have battery-operated automatic models that fly at a speed of 60 mph with low noise can take people from starting point  to destination point through an aerial route

Airports:

The providers of aircraft on-demand services need to partners with airports – commercial and private well equipped with charging points.

FBOs:

Fixed Base Operators work on their lines of services offered like fuelling, crew lounges, weather and flight planning assistance.

How on-demand services can be a bright business opportunity?

On-demand aircraft service makes it not just a lucrative image of flying in private but makes it an enjoyable experience of boarding the flight directly ignoring the need of standing in the long check-in lines seen for scheduled flights.  Getting private flying access makes it more memorable for any group of passengers interested in travel upgrade,  In addition, it brings in money savings since no requirements for TSA screening lights, private concierge service, or food catering to the passengers.

On-demand aircraft services are poised for high growth when a deep insight is applied on the challenges thrown very simultaneously.

Critical challenges ahead of On-demand aircraft services:

Regulations:

The regulations laid by local governments allowing On-demand services only in remote areas and not in dense areas.

Air traffic management system:

To effectively manage the traffic systems,, digital systems will have to be set up for monitoring the aircraft in the skies.

Infrastructure:

To meed the growing demands in the future, insight is more required a solution to this could be the creation of take-off and landing areas by sharing the existing helipads

Hardware challenges in eVTOL:

The challenges ahead could be  Noise and Battery efficiency and the need to look for an alternative by the time  eVTOLS become a norm,

Cost economics:

Ultimately, it all the cost economics matter for any business to flourish by keeping the maintenance and operational costs. The need could be to look for better solutions in the future. On-Demand app development companies can assist to draft a new business model.

Pilots’ availability:

The resources in the form of pilots’ availability make it scary times for the operators.. The availability of a much easier pilot certification program can effectively address the scary times for operators.

Conclusion:

Considering the huge business opportunities and the need to go ahead with the challenges ahead, the high essence is to partner with on-demand app development solution providers who understand the veins of the aviation industry.

AT Krify, we have a team of professionals who are well versed with the latest trends and technologies and deploy robust mobile and web applications based on the client’s requirements. If you are perplexed about your brand marketing and would like to know how to use Mobile Apps for Marketing? We are the right choice for you. For more information, contact us.