The Global Chartered Air Transport Market Report by The Business Research Company covers chartered air transport market drivers and restraints, chartered air transport market size, major players, and the impact of COVID-19 on the chartered air transport market.
The chartered air transport services market consists of sales of chartered air transportation services and related goods by entities (organizations, sole traders and partnerships) that use aircraft, such as airplanes and helicopters, to provide chartered (non-scheduled) air transportation services for passengers and/or cargo at a toll per mile or per hour for the charter of the aircraft. The chartered air transportation market is segmented into passenger-chartered air transport, freight-chartered air transport and other chartered air transport.
Technology is expected to be a continued driver of the chartered air transportation services market growth during the forecast period. The global chartered air transport market is expected to grow from $54.98 billion in 2020 to $59.07 billion in 2021 at a compound annual growth rate (CAGR) of 7.4%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $75.98 billion in 2025 at a CAGR of 6%.
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Some chartered air transport market trends include airlines are actively making use of wearable technology to enhance operational efficiency, maintenance, and to provide add-on entertainment to the passengers. Wearable technology includes use of smart phones, personal electronic devices, smart glasses, smart watches, near-field communication (NFC) and Bluetooth technology to improve and simplify the passenger experience.
Global chartered air transport market segments include:
1) By Type: Passenger Chartered Air Transport, Freight Chartered Air Transport, Other Chartered Air Transport.
2) By Type: Private Charter, Affinity, Single Entity, Public Charter.
3) By End Use: Wealthy Individuals, Sports Teams, Large Corporations.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, North America is the largest region in the global chartered air transport market, accounting for 32% of the market.
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The Chartered Air Transport Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides chartered air transport market overviews, analyzes and forecasts market size, share, chartered air transport market players, chartered air transport market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The chartered air transport market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Chartered Air Transport Global Market Report 2021: COVID-19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Market Players Covered: Xojet, Netjets, Vistaed, Onesky Jets, Bluestar Jets
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Chartered Air Transport Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Chartered Air Transport Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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