The Global Passenger Air Transport Market Report by The Business Research Company covers passenger air transport market drivers and restraints, passenger air transport market size, major players, and the impact of COVID-19 on the passenger air transport market.

The passenger air transport services market consists of sales of passenger air transportation services and related goods by entities (organizations, sole traders and partnerships) that use aircraft, such as airplanes and helicopters to provide air transportation services for passengers. It includes services offered by both scheduled and nonscheduled air carriers. The passenger air transport market is segmented into domestic air passengers and international air passengers.

The increase in global tourism is expected to fuel the growth of the passenger air transport market in the forecast period. Global tourism is probably the largest movement of goods, services and people and it is a major force for economic growth and socio-political transition.

The global passenger air transport market is expected to grow from $460.07 billion in 2020 to $524.82 billion in 2021 at a compound annual growth rate (CAGR) of 14.1%. 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 $657.15 billion in 2025 at a CAGR of 6%.

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Some passenger air transport market trends include the use of analytics rapidly growing in the aviation industry to capture critical insights from customers and operations data. It allows airlines to offer personalized services to its customers by using data analytics tools at every customer touch point. The growing use of analytics in the aviation industry is mainly a result of increasing competition between airlines. As a result, commercial airline is looking to enhance customer satisfaction levels by analysing parameters such as ticket sales and passenger profile and purchase history.

Global passenger air transport market segments include:

1) By Type: Domestic Air Passengers, International Air Passengers.

2) By Class: Business Class, Economy Class.

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific accounts for the largest global passenger air transport market share.

Read More On The Passenger Air Transport Global Market Report 2021: COVID-19 Impact and Recovery to 2030 At:
https://www.thebusinessresearchcompany.com/report/passenger-air-transport-global-market-report-2020-30-covid-19-impact-and-recovery

The Passenger 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 passenger air transport market overviews, analyzes and forecasts market size, share, passenger air transport market players, passenger air transport market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.

The passenger air transport market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Where To Learn More:

Read Passenger 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: American Airlines, Delta Airlines, UnitedContinental, Deutsche Lufthansa, Air France KLM.

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 Passenger 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 Passenger Air Transport Sector: The report reveals where the global industry will put on most $ sales up to 2023.

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