Low-Cost Carrier - Global Market Trajectory & Analytics

Global Low-Cost Carrier Market to Reach $254.1 Billion by 2027

Amid the COVID-19 crisis, the global market for Low-Cost Carrier estimated at US$156.2 Billion in the year 2020, is projected to reach a revised size of US$254.1 Billion by 2027, growing at a CAGR of 7.2% over the period 2020-2027.

The U.S. Market is Estimated at $45.1 Billion, While China is Forecast to Grow at 11.1% CAGR

The Low-Cost Carrier market in the U.S. is estimated at US$45.1 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$48.8 Billion by the year 2027 trailing a CAGR of 11.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4% and 6.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.7% CAGR.

Select Competitors (Total 47 Featured):

AirAsia Berhad
Cebu Pacific Air
Flydubai
GoAir
JetBlue Airways Corporation
Jetstar Airways Pty Ltd.
Lion Air
Norwegian Air Shuttle ASA
Pegasus Airlines
Royal Air Maroc
Southwest Airlines Co.
SpiceJet Ltd.
Thai AirAsia Company Limited (TAA)
Virgin Australia Airlines Pty Ltd.
WestJet

Frequently Asked Questions about the Global Market for Low-Cost Carrier

What is the estimated value of the Global Market for Low-Cost Carrier?

The Global Market for Low-Cost Carrier was estimated to be valued at $156.2 Billion in 2020.

What is the growth rate of the Global Market for Low-Cost Carrier?

The growth rate of the Global Market for Low-Cost Carrier is 7.2%, with an estimated value of $254.1 Billion by 2027.

What is the forecasted size of the Global Market for Low-Cost Carrier?

The Global Market for Low-Cost Carrier is estimated to be worth $254.1 Billion by 2027.

Who are the key companies in the Global Market for Low-Cost Carrier?

Key companies in the Global Market for Low-Cost Carrier include AirAsia Berhad, Cebu Pacific Air, Flydubai, GoAir, JetBlue Airways Corporation, Jetstar Airways Pty Ltd., Lion Air, Norwegian Air Shuttle ASA and Royal Air Maroc.

Report Attribute	Details
Published	April 2021
Forecast Period	2020 - 2027
Estimated Market Value ( USD ) in 2020	$ 156.2 Billion
Forecasted Market Value ( USD ) by 2027	$ 254.1 Billion
Compound Annual Growth Rate	7.2%
Regions Covered	Global

I. METHODOLOGYII. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Influencer Market Insights
World Market Trajectories
Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

Table 1: World Current & Future Analysis for Low-Cost Carrier by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2018 through 2027 and % CAGR
Table 2: World Historic Review for Low-Cost Carrier by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2017 and % CAGR
Table 3: World 15-Year Perspective for Low-Cost Carrier by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2012, 2018 & 2027

III. MARKET ANALYSIS

UNITED STATES
Table 4: USA Current & Future Analysis for Low-Cost Carrier by Segment - Low Cost Carrier - Independent Analysis of Annual Sales in US$ Million for the Years 2018 through 2027 and % CAGR
Table 5: USA Historic Review for Low-Cost Carrier by Segment - Low Cost Carrier Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2017 and % CAGR
CANADA
Table 6: Canada Current & Future Analysis for Low-Cost Carrier by Segment - Low Cost Carrier - Independent Analysis of Annual Sales in US$ Million for the Years 2018 through 2027 and % CAGR
Table 7: Canada Historic Review for Low-Cost Carrier by Segment - Low Cost Carrier Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2017 and % CAGR
JAPAN
Table 8: Japan Current & Future Analysis for Low-Cost Carrier by Segment - Low Cost Carrier - Independent Analysis of Annual Sales in US$ Million for the Years 2018 through 2027 and % CAGR
Table 9: Japan Historic Review for Low-Cost Carrier by Segment - Low Cost Carrier Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2017 and % CAGR
CHINA
Table 10: China Current & Future Analysis for Low-Cost Carrier by Segment - Low Cost Carrier - Independent Analysis of Annual Sales in US$ Million for the Years 2018 through 2027 and % CAGR
Table 11: China Historic Review for Low-Cost Carrier by Segment - Low Cost Carrier Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2017 and % CAGR
EUROPE
Table 12: Europe Current & Future Analysis for Low-Cost Carrier by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2018 through 2027 and % CAGR
Table 13: Europe Historic Review for Low-Cost Carrier by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2017 and % CAGR
Table 14: Europe 15-Year Perspective for Low-Cost Carrier by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets for Years 2012, 2018 & 2027
FRANCE
Table 15: France Current & Future Analysis for Low-Cost Carrier by Segment - Low Cost Carrier - Independent Analysis of Annual Sales in US$ Million for the Years 2018 through 2027 and % CAGR
Table 16: France Historic Review for Low-Cost Carrier by Segment - Low Cost Carrier Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2017 and % CAGR
GERMANY
Table 17: Germany Current & Future Analysis for Low-Cost Carrier by Segment - Low Cost Carrier - Independent Analysis of Annual Sales in US$ Million for the Years 2018 through 2027 and % CAGR
Table 18: Germany Historic Review for Low-Cost Carrier by Segment - Low Cost Carrier Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2017 and % CAGR
ITALY
Table 19: Italy Current & Future Analysis for Low-Cost Carrier by Segment - Low Cost Carrier - Independent Analysis of Annual Sales in US$ Million for the Years 2018 through 2027 and % CAGR
Table 20: Italy Historic Review for Low-Cost Carrier by Segment - Low Cost Carrier Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2017 and % CAGR
UNITED KINGDOM
Table 21: UK Current & Future Analysis for Low-Cost Carrier by Segment - Low Cost Carrier - Independent Analysis of Annual Sales in US$ Million for the Years 2018 through 2027 and % CAGR
Table 22: UK Historic Review for Low-Cost Carrier by Segment - Low Cost Carrier Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2017 and % CAGR
SPAIN
Table 23: Spain Current & Future Analysis for Low-Cost Carrier by Segment - Low Cost Carrier - Independent Analysis of Annual Sales in US$ Million for the Years 2018 through 2027 and % CAGR
Table 24: Spain Historic Review for Low-Cost Carrier by Segment - Low Cost Carrier Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2017 and % CAGR
RUSSIA
Table 25: Russia Current & Future Analysis for Low-Cost Carrier by Segment - Low Cost Carrier - Independent Analysis of Annual Sales in US$ Million for the Years 2018 through 2027 and % CAGR
Table 26: Russia Historic Review for Low-Cost Carrier by Segment - Low Cost Carrier Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2017 and % CAGR
REST OF EUROPE
Table 27: Rest of Europe Current & Future Analysis for Low-Cost Carrier by Segment - Low Cost Carrier - Independent Analysis of Annual Sales in US$ Million for the Years 2018 through 2027 and % CAGR
Table 28: Rest of Europe Historic Review for Low-Cost Carrier by Segment - Low Cost Carrier Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2017 and % CAGR
ASIA-PACIFIC
Table 29: Asia-Pacific Current & Future Analysis for Low-Cost Carrier by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in US$ Million for Years 2018 through 2027 and % CAGR
Table 30: Asia-Pacific Historic Review for Low-Cost Carrier by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2017 and % CAGR
Table 31: Asia-Pacific 15-Year Perspective for Low-Cost Carrier by Geographic Region - Percentage Breakdown of Value Sales for Australia, India, South Korea and Rest of Asia-Pacific Markets for Years 2012, 2018 & 2027
AUSTRALIA
Table 32: Australia Current & Future Analysis for Low-Cost Carrier by Segment - Low Cost Carrier - Independent Analysis of Annual Sales in US$ Million for the Years 2018 through 2027 and % CAGR
Table 33: Australia Historic Review for Low-Cost Carrier by Segment - Low Cost Carrier Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2017 and % CAGR
INDIA
Table 34: India Current & Future Analysis for Low-Cost Carrier by Segment - Low Cost Carrier - Independent Analysis of Annual Sales in US$ Million for the Years 2018 through 2027 and % CAGR
Table 35: India Historic Review for Low-Cost Carrier by Segment - Low Cost Carrier Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2017 and % CAGR
SOUTH KOREA
Table 36: South Korea Current & Future Analysis for Low-Cost Carrier by Segment - Low Cost Carrier - Independent Analysis of Annual Sales in US$ Million for the Years 2018 through 2027 and % CAGR
Table 37: South Korea Historic Review for Low-Cost Carrier by Segment - Low Cost Carrier Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2017 and % CAGR
REST OF ASIA-PACIFIC
Table 38: Rest of Asia-Pacific Current & Future Analysis for Low-Cost Carrier by Segment - Low Cost Carrier - Independent Analysis of Annual Sales in US$ Million for the Years 2018 through 2027 and % CAGR
Table 39: Rest of Asia-Pacific Historic Review for Low-Cost Carrier by Segment - Low Cost Carrier Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2017 and % CAGR
LATIN AMERICA
Table 40: Latin America Current & Future Analysis for Low-Cost Carrier by Geographic Region - Argentina, Brazil, Mexico and Rest of Latin America Markets - Independent Analysis of Annual Sales in US$ Million for Years 2018 through 2027 and % CAGR
Table 41: Latin America Historic Review for Low-Cost Carrier by Geographic Region - Argentina, Brazil, Mexico and Rest of Latin America Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2017 and % CAGR
Table 42: Latin America 15-Year Perspective for Low-Cost Carrier by Geographic Region - Percentage Breakdown of Value Sales for Argentina, Brazil, Mexico and Rest of Latin America Markets for Years 2012, 2018 & 2027
ARGENTINA
Table 43: Argentina Current & Future Analysis for Low-Cost Carrier by Segment - Low Cost Carrier - Independent Analysis of Annual Sales in US$ Million for the Years 2018 through 2027 and % CAGR
Table 44: Argentina Historic Review for Low-Cost Carrier by Segment - Low Cost Carrier Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2017 and % CAGR
BRAZIL
Table 45: Brazil Current & Future Analysis for Low-Cost Carrier by Segment - Low Cost Carrier - Independent Analysis of Annual Sales in US$ Million for the Years 2018 through 2027 and % CAGR
Table 46: Brazil Historic Review for Low-Cost Carrier by Segment - Low Cost Carrier Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2017 and % CAGR
MEXICO
Table 47: Mexico Current & Future Analysis for Low-Cost Carrier by Segment - Low Cost Carrier - Independent Analysis of Annual Sales in US$ Million for the Years 2018 through 2027 and % CAGR
Table 48: Mexico Historic Review for Low-Cost Carrier by Segment - Low Cost Carrier Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2017 and % CAGR
REST OF LATIN AMERICA
Table 49: Rest of Latin America Current & Future Analysis for Low-Cost Carrier by Segment - Low Cost Carrier - Independent Analysis of Annual Sales in US$ Million for the Years 2018 through 2027 and % CAGR
Table 50: Rest of Latin America Historic Review for Low-Cost Carrier by Segment - Low Cost Carrier Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2017 and % CAGR
MIDDLE EAST
Table 51: Middle East Current & Future Analysis for Low-Cost Carrier by Geographic Region - Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets - Independent Analysis of Annual Sales in US$ Million for Years 2018 through 2027 and % CAGR
Table 52: Middle East Historic Review for Low-Cost Carrier by Geographic Region - Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2017 and % CAGR
Table 53: Middle East 15-Year Perspective for Low-Cost Carrier by Geographic Region - Percentage Breakdown of Value Sales for Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets for Years 2012, 2018 & 2027
IRAN
Table 54: Iran Current & Future Analysis for Low-Cost Carrier by Segment - Low Cost Carrier - Independent Analysis of Annual Sales in US$ Million for the Years 2018 through 2027 and % CAGR
Table 55: Iran Historic Review for Low-Cost Carrier by Segment - Low Cost Carrier Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2017 and % CAGR
ISRAEL
Table 56: Israel Current & Future Analysis for Low-Cost Carrier by Segment - Low Cost Carrier - Independent Analysis of Annual Sales in US$ Million for the Years 2018 through 2027 and % CAGR
Table 57: Israel Historic Review for Low-Cost Carrier by Segment - Low Cost Carrier Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2017 and % CAGR
SAUDI ARABIA
Table 58: Saudi Arabia Current & Future Analysis for Low-Cost Carrier by Segment - Low Cost Carrier - Independent Analysis of Annual Sales in US$ Million for the Years 2018 through 2027 and % CAGR
Table 59: Saudi Arabia Historic Review for Low-Cost Carrier by Segment - Low Cost Carrier Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2017 and % CAGR
UNITED ARAB EMIRATES
Table 60: UAE Current & Future Analysis for Low-Cost Carrier by Segment - Low Cost Carrier - Independent Analysis of Annual Sales in US$ Million for the Years 2018 through 2027 and % CAGR
Table 61: UAE Historic Review for Low-Cost Carrier by Segment - Low Cost Carrier Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2017 and % CAGR
REST OF MIDDLE EAST
Table 62: Rest of Middle East Current & Future Analysis for Low-Cost Carrier by Segment - Low Cost Carrier - Independent Analysis of Annual Sales in US$ Million for the Years 2018 through 2027 and % CAGR
Table 63: Rest of Middle East Historic Review for Low-Cost Carrier by Segment - Low Cost Carrier Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2017 and % CAGR
AFRICA
Table 64: Africa Current & Future Analysis for Low-Cost Carrier by Segment - Low Cost Carrier - Independent Analysis of Annual Sales in US$ Million for the Years 2018 through 2027 and % CAGR
Table 65: Africa Historic Review for Low-Cost Carrier by Segment - Low Cost Carrier Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2017 and % CAGR