Domestic Aviation Global Market Report 2024

The global domestic aviation market has grown steadily in recent years. It will grow from $961.96 billion in 2023 to $995.08 billion in 2024 at a compound annual growth rate (CAGR) of 3.4%. The growth observed in the historical period can be attributed to factors such as economic growth, airline deregulation, urbanization, population growth, infrastructure development, and efforts in tourism promotion.

The global domestic aviation market is expected to see steady growth in the next few years. It will grow to $1160.69 billion in 2028 at a compound annual growth rate (CAGR) of 3.9%. The anticipated growth in the forecast period can be attributed to economic recovery post-pandemic, the emphasis on sustainable aviation initiatives, the recovery of business travel, ongoing digital transformation efforts, and shifts in consumer behavior. Major trends in the forecast period encompass the evolution of consumer expectations, government support and policies affecting the aviation industry, competition and pricing dynamics in airfare, the customization of passenger services, and an increase in short-haul flights.

The domestic aviation market is poised for growth, driven by the burgeoning tourism industry. As travel restrictions eased post-COVID-19, there has been a substantial surge in people traveling for leisure, social, or business reasons, both domestically and internationally. Notably, the World Tourism Organization reported a remarkable 182% year-over-year increase in international travel in Q1 2022, with 117 million visitors, compared to 41 million in Q1 2021. This significant rise in the tourism sector is a key factor propelling the growth of the domestic aviation market.

The growth trajectory of the domestic aviation market is further propelled by the escalating trend of increased air travel. Air travel, involving the use of flying objects like airplanes and helicopters, plays a pivotal role in fostering economic growth, job creation, and enhanced connectivity within a country. In the U.S., for instance, a report by the Bureau of Transportation Statistics highlighted a 30% year-over-year increase in the transportation of passengers by airlines in 2022. The total number of passengers soared from 658 million in 2021 to 853 million in 2022, emphasizing the substantial rise in domestic air travel and its positive impact on the aviation industry.

Technological advancements are emerging as a defining trend in the domestic aviation market, with major companies focusing on innovative solutions to strengthen their market position. Garmin Limited, a prominent U.S.-based company, showcased expanded engine monitoring capabilities for select Pilatus PC-12/47 and PC-12/45 aircraft, introducing the TXi Engine Indication System display. Additionally, Garmin received FAA Supplemental Type Certification for the GFC 600 autopilot in Pilatus PC-12/47 aircraft, offering advanced operational features. These technological strides enhance safety, operational efficiency, and navigation capabilities, contributing to the overall growth and competitiveness of the domestic aviation market.

Major players in the domestic aviation market are actively introducing innovative solutions, such as AI-based aviation agents, to optimize profitability. An AI-based aviation agent leverages generative AI and traditional machine learning techniques to provide personalized and efficient customer experiences. In a notable example, Air India introduced Maharaja, the world's first AI virtual agent. Maharaja, powered by Azure OpenAI service, can adeptly handle diverse customer inquiries, answering up to 6,000 questions daily in four different languages. This innovative AI solution not only enhances customer service but also showcases the industry's commitment to embracing cutting-edge technologies for improved operational efficiency and customer satisfaction.

In January 2022, Talace Private Limited, an India-based firm specializing in the aviation industry, completed the acquisition of Air India for an undisclosed sum. This strategic transaction further solidifies Talace Private Limited's strategic alliance with Tata and positions the company strategically to participate in the burgeoning growth phase of the Indian aviation market. Air India is an India-based aviation company that offers connections to over 70 international and 100 domestic destinations for travel plans.

Major companies operating in the domestic aviation market report are Singapore Airlines Ltd., Air New Zealand Limited, Queensland and Northern Territory Aerial Services Ltd. (Qantas), Qatar Airways, Virgin Australia International Airlines Pty. Ltd., The Emirates Group, All Nippon Airways, EVA Airways Corporation, American Airlines, SpiceJet Ltd., The Boeing Company, Airbus SE, Lockheed Martin Corporation, Textron Inc., Embraer S.A., United Airlines Holdings Inc., Delta Air Lines Inc., Southwest Airlines Co., Air India Limited, LATAM Airlines Brasil, Gol Linhas Aéreas Inteligentes S.A, Azul Systems Inc., Air China Limited, Hainan Airlines Holding Co. Ltd., Spring Airlines Co. Ltd., Juneyao Air, Shenzhen Airlines Co. Ltd., Xiamen Airlines Co. Ltd., Lucky Air Co. Ltd., Tianjin Airlines Company Limited, and Beijing Capital Airlines Co. Ltd.

North America was the largest region in the domestic aviation market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the domestic aviation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the domestic aviation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary categories within domestic aviation encompass commercial aircraft and other aircraft types. Commercial aircraft are specifically designed for the routine transportation of people and cargo between designated airports. The engines propelling domestic aircraft include turbofans, turboprops, and turboshafts, catering to diverse end-users such as government entities, commercial enterprises, and private individuals.

This report provides domestic aviation market statistics, including domestic aviation industry global market size, regional shares, competitors with a domestic aviation market share, detailed domestic aviation market segments, market trends and opportunities, and any further data you may need to thrive in the domestic aviation industry. This domestic aviation market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Domestic aviation market consists of sales of helicopter, piston fixed-wing aircraft, turboprop aircraft, and business jets. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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