The air transport market size has grown strongly in recent years. It will grow from $1,016.38 billion in 2023 to $1,085.37 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth observed in the historical period can be ascribed to factors such as economic expansion, globalization, increased tourism and leisure travel, and improved connectivity and accessibility.
The air transport market size is expected to see strong growth in the next few years. It will grow to $1,394.51 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The anticipated growth in the forecast period can be attributed to the emergence of new markets, the expansion of global trade and e-commerce, urbanization trends, advancements in aircraft efficiency and sustainability, and the continual expansion of connectivity and networks. Notable trends expected in the forecast period encompass the promotion of sustainable aviation practices, the ongoing digital transformation of the industry, the growing importance of air cargo and e-commerce, and the rise of ultra-long-haul flights.
The growth of the air transport market is anticipated to be significantly propelled by the increasing prominence of e-commerce and online shopping. E-commerce, or electronic commerce, involves the buying and selling of goods and services through online platforms and electronic communication channels. Air transport plays a pivotal role in enhancing e-commerce by ensuring the swift and efficient delivery of products, expanding the market reach for online retailers, and reducing delivery times for customers, thereby promoting convenience and customer satisfaction. For example, as reported by the International Trade Administration, a US-based Department of Commerce, in September 2022, consumer eCommerce accounted for 30% of the UK's overall retail sector, up from 20% in 2020, with annual e-commerce revenue surpassing $120 billion. In 2021, 82% of people in the UK had made at least one online purchase. Consequently, the surge in e-commerce and online shopping is a driving force behind the growth of the air transport market.
The primary categories of air transport include passenger air transport, chartered air transport, and air cargo services. Chartered air transport services encompass both public and private charter services, offering air transportation to passengers. The market is further categorized based on distance, distinguishing between long-distance and short-distance travel, and by end-use, differentiating between private and commercial aviation.
The air transport market research report is one of a series of new reports that provides air transport market statistics, including air transport industry global market size, regional shares, competitors with an air transport services market share, detailed air transport market segments, market trends and opportunities, and any further data you may need to thrive in the air transport services industry. This air transport 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.
The aviation industry is experiencing a rapid growth in the use of analytics to extract valuable insights from both customer and operational data. This trend enables airlines to provide personalized services to their customers, utilizing data analytics tools at various touchpoints. The increased adoption of analytics in aviation is primarily a response to intensifying competition among airlines. Consequently, commercial airlines are actively seeking to improve customer satisfaction levels by scrutinizing factors like ticket sales, passenger demographics, and purchase history. For example, Chicago-based United Airlines employs the analysis of 150 variables in customer profiles to offer more personalized offerings. Notably, major companies such as Southwest Airlines, Delta Airlines, and United Airlines are at the forefront of utilizing analytics within the aviation industry.
Prominent air transport companies are placing a strong emphasis on adopting innovative platforms, such as the Enhanced Partner Identification and Connectivity (EPIC), to enhance operational efficiency and improve the passenger experience, thereby gaining a competitive edge. The EPIC platform is designed to facilitate the digital transformation of the global air freight supply chain by simplifying the complex process of establishing digital connections across the entire cargo value chain. For instance, in March 2021, the International Air Transport Association, a Canada-based trade association, introduced the EPIC platform, which enables the rapid exchange of critical data, including messaging capabilities and identity information, streamlining the digital integration of the air cargo industry.
Major companies operating in the air transport market include The Emirates Group, China Airlines Ltd., American Airlines Group Inc., Delta Air Lines Inc., United Airlines Inc., China Southern Airlines, Qatar Airways Company Q.C.S.C, Air France-KLM SA, Deutsche Lufthansa AG, FedEx Corporation, United Parcel Service Inc., Cathay Pacific Airways Limited, Cargolux Airlines International SA, Japan Airlines Co. Ltd., ANA Holdings Inc., International Consolidated Airlines Group SA, Magma Aviation Limited, Deutsche Post AG, Kuehne Nagel International AG, AirBridgeCargo Airlines LLC, Cargojet Inc., Gol Linhas Aereas Inteligentes SA, Azul Linhas Aereas Brasileiras S/A, Latam Airlines, Compania Panamena de Aviacion SA, Lufthansa Cargo AG, Korean Air Lines Co. Ltd., Singapore Airlines Ltd., Air China Limited, Turkish Airlines Inc., Air Canada Inc., Ethiopian Airlines Group, British Airways PLC, Air India Limited, Malaysia Airlines Berhad, Philippine Airlines Inc., Vietnam Airlines Corporation, Garuda Indonesia (Persero) Tbk PT, Royal Jordanian Airlines.
Asia-Pacific was the largest region in the air transport market in 2023. North America was the second largest region in the air transport market. The regions covered in the air transport market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The countries covered in the air transport services market are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
The air transport market includes revenues earned by entities by providing transportation services for fast delivery of goods and services in business operations and emergencies. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
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.
This product will be delivered within 3-5 business days.
The air transport market size is expected to see strong growth in the next few years. It will grow to $1,394.51 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The anticipated growth in the forecast period can be attributed to the emergence of new markets, the expansion of global trade and e-commerce, urbanization trends, advancements in aircraft efficiency and sustainability, and the continual expansion of connectivity and networks. Notable trends expected in the forecast period encompass the promotion of sustainable aviation practices, the ongoing digital transformation of the industry, the growing importance of air cargo and e-commerce, and the rise of ultra-long-haul flights.
The growth of the air transport market is anticipated to be significantly propelled by the increasing prominence of e-commerce and online shopping. E-commerce, or electronic commerce, involves the buying and selling of goods and services through online platforms and electronic communication channels. Air transport plays a pivotal role in enhancing e-commerce by ensuring the swift and efficient delivery of products, expanding the market reach for online retailers, and reducing delivery times for customers, thereby promoting convenience and customer satisfaction. For example, as reported by the International Trade Administration, a US-based Department of Commerce, in September 2022, consumer eCommerce accounted for 30% of the UK's overall retail sector, up from 20% in 2020, with annual e-commerce revenue surpassing $120 billion. In 2021, 82% of people in the UK had made at least one online purchase. Consequently, the surge in e-commerce and online shopping is a driving force behind the growth of the air transport market.
The primary categories of air transport include passenger air transport, chartered air transport, and air cargo services. Chartered air transport services encompass both public and private charter services, offering air transportation to passengers. The market is further categorized based on distance, distinguishing between long-distance and short-distance travel, and by end-use, differentiating between private and commercial aviation.
The air transport market research report is one of a series of new reports that provides air transport market statistics, including air transport industry global market size, regional shares, competitors with an air transport services market share, detailed air transport market segments, market trends and opportunities, and any further data you may need to thrive in the air transport services industry. This air transport 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.
The aviation industry is experiencing a rapid growth in the use of analytics to extract valuable insights from both customer and operational data. This trend enables airlines to provide personalized services to their customers, utilizing data analytics tools at various touchpoints. The increased adoption of analytics in aviation is primarily a response to intensifying competition among airlines. Consequently, commercial airlines are actively seeking to improve customer satisfaction levels by scrutinizing factors like ticket sales, passenger demographics, and purchase history. For example, Chicago-based United Airlines employs the analysis of 150 variables in customer profiles to offer more personalized offerings. Notably, major companies such as Southwest Airlines, Delta Airlines, and United Airlines are at the forefront of utilizing analytics within the aviation industry.
Prominent air transport companies are placing a strong emphasis on adopting innovative platforms, such as the Enhanced Partner Identification and Connectivity (EPIC), to enhance operational efficiency and improve the passenger experience, thereby gaining a competitive edge. The EPIC platform is designed to facilitate the digital transformation of the global air freight supply chain by simplifying the complex process of establishing digital connections across the entire cargo value chain. For instance, in March 2021, the International Air Transport Association, a Canada-based trade association, introduced the EPIC platform, which enables the rapid exchange of critical data, including messaging capabilities and identity information, streamlining the digital integration of the air cargo industry.
Major companies operating in the air transport market include The Emirates Group, China Airlines Ltd., American Airlines Group Inc., Delta Air Lines Inc., United Airlines Inc., China Southern Airlines, Qatar Airways Company Q.C.S.C, Air France-KLM SA, Deutsche Lufthansa AG, FedEx Corporation, United Parcel Service Inc., Cathay Pacific Airways Limited, Cargolux Airlines International SA, Japan Airlines Co. Ltd., ANA Holdings Inc., International Consolidated Airlines Group SA, Magma Aviation Limited, Deutsche Post AG, Kuehne Nagel International AG, AirBridgeCargo Airlines LLC, Cargojet Inc., Gol Linhas Aereas Inteligentes SA, Azul Linhas Aereas Brasileiras S/A, Latam Airlines, Compania Panamena de Aviacion SA, Lufthansa Cargo AG, Korean Air Lines Co. Ltd., Singapore Airlines Ltd., Air China Limited, Turkish Airlines Inc., Air Canada Inc., Ethiopian Airlines Group, British Airways PLC, Air India Limited, Malaysia Airlines Berhad, Philippine Airlines Inc., Vietnam Airlines Corporation, Garuda Indonesia (Persero) Tbk PT, Royal Jordanian Airlines.
Asia-Pacific was the largest region in the air transport market in 2023. North America was the second largest region in the air transport market. The regions covered in the air transport market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The countries covered in the air transport services market are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
The air transport market includes revenues earned by entities by providing transportation services for fast delivery of goods and services in business operations and emergencies. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
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.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Air Transport Market Characteristics4. Air Transport Market Trends And Strategies68. Global Air Transport Market Competitive Benchmarking69. Global Air Transport Market Competitive Dashboard70. Key Mergers And Acquisitions In The Air Transport Market
3. Air Transport Product/Service Analysis -Product/Service Examples
5. Air Transport Market - Macro Economic Scenario
6. Global Air Transport Market Size and Growth
7. Air Transport Market Segmentation
8. Air Transport Market Regional And Country Analysis
9. Asia-Pacific Air Transport Market
10. China Air Transport Market
11. India Air Transport Market
12. Japan Air Transport Market
13. Australia Air Transport Market
14. Indonesia Air Transport Market
15. South Korea Air Transport Market
16. Bangladesh Air Transport Market
17. Thailand Air Transport Market
18. Vietnam Air Transport Market
19. Malaysia Air Transport Market
20. Singapore Air Transport Market
21. Philippines Air Transport Market
22. Hong kong Air Transport Market
23. New Zealand Air Transport Market
24. Western Europe Air Transport Market
25. UK Air Transport Market
26. Germany Air Transport Market
27. France Air Transport Market
28. Italy Air Transport Market
29. Spain Air Transport Market
30. Austria Air Transport Market
31. Belgium Air Transport Market
32. Denmark Air Transport Market
33. Finland Air Transport Market
34. Ireland Air Transport Market
35. Netherlands Air Transport Market
36. Norway Air Transport Market
37. Portugal Air Transport Market
38. Sweden Air Transport Market
39. Switzerland Air Transport Market
40. Eastern Europe Air Transport Market
41. Russia Air Transport Market
42. Czech Republic Air Transport Market
43. Poland Air Transport Market
44. Romania Air Transport Market
45. Ukraine Air Transport Market
46. North America Air Transport Market
47. USA Air Transport Market
48. Canada Air Transport Market
49. Mexico Air Transport Market
50. South America Air Transport Market
51. Brazil Air Transport Market
52. Chile Air Transport Market
53. Argentina Air Transport Market
54. Colombia Air Transport Market
55. Peru Air Transport Market
56. Middle East Air Transport Market
57. Saudi Arabia Air Transport Market
58. Israel Air Transport Market
59. Iran Air Transport Market
60. Turkey Air Transport Market
61. United Arab Emirates Air Transport Market
62. Africa Air Transport Market
63. Egypt Air Transport Market
64. Nigeria Air Transport Market
65. South Africa Air Transport Market
66. Air Transport Market Competitive Landscape And Company Profiles
71. Air Transport Market Future Outlook and Potential Analysis
72. Appendix
Executive Summary
Air Transport Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on air transport market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
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- Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- All data from the report will also be delivered in an excel dashboard format.
Description:
Where is the largest and fastest growing market for air transport? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
- Markets Covered: 1) By Type: Passenger Air Transport; Chartered Air Transport; Air Cargo Services; 2) By Distance: Long-Distance; Short-Distance; 3) By End-Use: Private; Commercial
- Subsegments Covered: Domestic Air Passengers; International Air Passengers; Passenger Chartered Air Transport; Freight Chartered Air Transport; Others - Chartered Air Transportation; Air Mail; Air Freight
- Companies Mentioned: The Emirates Group; China Airlines Ltd.; American Airlines Group Inc.; Delta Air Lines Inc.; United Airlines Inc.
- Countries: Australia; China; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: Country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- The Emirates Group
- China Airlines Ltd.
- American Airlines Group Inc.
- Delta Air Lines Inc.
- United Airlines Inc.
- China Southern Airlines
- Qatar Airways Company Q.C.S.C
- Air France–KLM SA
- Deutsche Lufthansa AG
- FedEx Corporation
- United Parcel Service Inc.
- Cathay Pacific Airways Limited
- Cargolux Airlines International SA
- Japan Airlines Co. Ltd.
- ANA Holdings Inc.
- International Consolidated Airlines Group SA
- Magma Aviation Limited
- Deutsche Post AG
- Kuehne Nagel International AG
- AirBridgeCargo Airlines LLC
- Cargojet Inc.
- Gol Linhas Aereas Inteligentes SA
- Azul Linhas Aereas Brasileiras S/A
- Latam Airlines
- Compania Panamena de Aviacion SA
- Lufthansa Cargo AG
- Korean Air Lines Co. Ltd.
- Singapore Airlines Ltd.
- Air China Limited
- Turkish Airlines Inc.
- Air Canada Inc.
- Ethiopian Airlines Group
- British Airways plc
- Air India Limited
- Malaysia Airlines Berhad
- Philippine Airlines Inc.
- Vietnam Airlines Corporation
- Garuda Indonesia (Persero) Tbk PT
- Royal Jordanian Airlines
Methodology
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