Comprehensive Air Transport Market Analysis 2023: Size, Share, And Key Trends
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
As per The Business Research Company’s Air Transport Global Market Report 2023, the air transport market is expected to show significant growth in the forecast period.
Key insights from the air transport market forecast include:
- Market Size
The global air transport market is expected to grow from $714.49 billion in 2022 to $985.6 billion in 2023 at a compound annual growth rate (CAGR) of 37.9%. The air transport market is expected to grow to $1250.41 billion in 2027 at a CAGR of 6.1%.
- Major Driver
Analytics is swiftly gaining prominence in aviation to extract vital insights from customer and operational data. Airlines deploy data analytics tools across customer touchpoints, delivering personalized services. This surge in aviation analytics is driven by intensifying competition, prompting airlines to elevate customer satisfaction through comprehensive analysis of factors like ticket sales, passenger profiles, and buying history. Notably, United Airlines in Chicago analyzes 150 variables in customer profiles to provide enhanced personalized offers. Southwest Airlines, Delta Airlines, and United Airlines are prominent players integrating analytics into aviation.
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- Major Players
Major players in the air transport market are The Emirates Group, China Airlines, American Airlines Group Inc., Delta Air Lines Inc., United Airlines Inc., China Southern Airlines, Qatar Airways Company Q.C.S.C, Air France–KLM, and Lufthansa Group.
- Top Market Segments
The global air transport market is segmented –
1) By Type: Passenger Air Transport, Chartered Air Transport, Air Cargo Services
2) By Distance: Long-Distance, Short-Distance
3) By End-Use: Private, Commercial
Subsegments Covered: Domestic Air Passengers, International Air Passengers, Passenger Chartered Air Transport, Freight Chartered Air Transport, Others – Chartered Air Transportation, Air Mail, Air Freight
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The Air Transport Global Market Report 2023 provides an in-depth analysis on the air transport market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the air transport market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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