The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The growing need for urgent shipment of dangerous goods and hazardous materials are expected to drive innovation in freight chartered air transport manufacturing, thus driving the market during the forecast period.

The global freight chartered air transport market is expected to grow from $23.80 billion in 2022 to $26.58 billion in 2023 at a compound annual growth rate (CAGR) of 11.7%. The global freight chartered air transport market size is expected to grow to $40.24 billion in 2027 at a CAGR of 10.9%.

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Global freight chartered air transport Market Segments Include:

• By Cargo Type:Time Critical Cargo, Heavy And Outside Cargo, Dangerous Cargo, Animal Transportation, Other Cargo Types
• By Application:Private Use, Commercial Use
• By End Use:Wealthy Individuals, Sports Teams, Large Corportations
• 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 freight chartered air transport market in 2021.

Major Market Players in the freight chartered air transport market include Air Charter Service, Air Transport Services Group Inc., Stratos Jet Charters Inc., Cargo Air Chartering, Cathay Pacific Airways Ltd.

The companies in the freight chartered air transport market are focusing on the use of blockchain technology to improve logistics in multiple sectors. Blockchain is a shared, immutable ledger that facilitates the process of recording transactions and tracking assets in a business network. For example, in September 2020, AirAsia, a Malaysia based multinational airline, launched its blockchain-based air cargo network, Freightchain, to help uncover all available cargo network connections operated by airlines and then facilitate bookings in real-time via bids that are verified instantly on the blockchain.

The Freight Chartered Air Transport Global Market Report 2023  provides a freight chartered air transport market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The freight chartered air transport market forecast analyzes freight chartered air transport market size, freight chartered air transport market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Freight chartered air transport is a mode of transportation that uses aircraft, such as planes and helicopters, to provide chartered (non-scheduled) air transportation services for passengers and/or cargo for a fee per mile or hour for the charter of the aircraft, which includes renting an aircraft for a tour.

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