Insights Into The Passenger Chartered Air Transport Market’s Growth Opportunities Through 2023-2032 – Includes Passenger Chartered Air Transport Market Size
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 increasing preference for private charters by ultra-high net worth individuals (UHNWI) are expected to drive innovation in passenger chartered air transport manufacturing, thus driving the market during the forecast period.
The global passenger chartered air transport market is expected to grow from $49.14 billion in 2022 to $52.62 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. The global passenger chartered air transport market size is expected to grow to $66.83 billion in 2027 at a CAGR of 6.2%.
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Global Passenger Chartered Air Transport Market Segments Include:
- By Type: Private Charter Services, Business Charter Services
- By Size: Light Jets, Mid Sized Jets, Large Jets, Air Liner
- By Capacity: Less than 10, 10-100, Greater than 100
- 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 passenger chartered air transport market in 2021.
Major Market Players in the passenger chartered air transport market include Air Charter Service Group Ltd., Air Partner PLC., Asia Jet Partners Ltd., ASIAN SKY GROUP, Delta Private Jets, Inc., Flexjet LLC.
A custom luxury vacation tour by chartered jet is a major trend gaining popularity in the global passenger chartered air transport market. People are prioritising travel, adventures, and unique experiences, and private chartered jet services are offering customised tours for groups of travellers on round-the-world tours as well. For instance, Abercrombie & Kent (A&K), a luxury travel company that provides round-the-world tours on all-first-class airliners, is now offering personalised tours through bizjet for up to 16 passengers.
The Passenger Chartered Air Transport Global Market Report 2023 provides a passenger chartered air transport market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The passenger chartered air transport market forecast analyzes passenger chartered air transport market size, passenger 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.
Passenger chartered air transport service refers to a mode of transportation for people that uses aircraft, such as planes and helicopters, to provide air transportation services for passengers, including non-scheduled(non-scheduled) air carriers, to facilitate fast travel with improved security and to be used in emergency operations.
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