Global Chartered Air Transport Market Size, Drivers, Trends, Opportunities And Strategies – Includes Chartered Air Transport Market Forecast
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
Technology are expected to drive innovation in chartered air transport manufacturing, thus driving the market during the forecast period.
The global chartered air transport market is expected to grow from $79.16 billion in 2022 to $85.9 billion in 2023 at a compound annual growth rate (CAGR) of 8.5%. The chartered air transport market is expected to grow to $115.78 billion in 2027 at a CAGR of 7.7%.
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Global Chartered Air Transport Market Segments Include:
- By Type: Passenger Chartered Air Transport, Freight Chartered Air Transport, Other Chartered Air Transport
- By Application: Private Charter, Affinity, Single Entity, Public Charter
- 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 chartered air transport market in 2021.
Major Market Players in the chartered air transport market include Atlas Air Worldwide Holdings, TUI Airways, NetJets, Garuda Indonesia, Air Transport Services Group, Jet edge International, Air Partner.
Airlines are actively making use of wearable technology to enhance operational efficiency, maintenance, and to provide add-on entertainment to passengers. Wearable technology includes the use of smartphones, personal electronic devices, smart glasses, smartwatches, near-field communication (NFC), and Bluetooth technology to improve and simplify the passenger experience. These technologies help passengers improve safety and efficiency, and receive updates and information related to their flight. They are capable of helping pilots, crew members, and maintenance teams monitor gas concentrations, levels of noise, and temperature to avoid mishaps. Smartwatches allow passengers to upload their ticket-related information on these devices. About 77% of the 6,000-plus passengers surveyed in a study said they would be comfortable with the use of wearable technology to help them during their journey. Some companies making use of such wearable technologies include Virgin Atlantic, Japan Airlines, EasyJet, and British Airways.
The Chartered Air Transport Global Market Report 2023 provides a chartered air transport market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The chartered air transport market forecast analyzes chartered air transport market size, 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.
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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Passenger Chartered Air Transport Global Market Report 2023
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