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 Business Research Company’s Air Transport Global Market Report 2023 offers crucial insights into the air transport market help businesses analyse and build stronger strategies.

The Air Transport Market Landscape
The air transport market has experienced robust growth in recent years, with a market size surging from $1,016.38 billion in 2023 to an anticipated $1,085.37 billion in 2024. This growth, boasting a compound annual growth rate (CAGR) of 6.8%, can be attributed to several key factors. Economic growth, globalization, tourism, leisure travel, connectivity, and accessibility have all played pivotal roles in shaping the upward trajectory of the air transport industry.

Upward Trajectory Continues
The momentum is set to persist, as the air transport market is projected to reach $1,394.51 billion in 2028, exhibiting a CAGR of 6.5%. Emerging markets, global trade, e-commerce, urbanization, aircraft efficiency, sustainability, connectivity, and network expansion are expected to be the driving forces behind this anticipated growth. Noteworthy trends in the forecast period include sustainable aviation, digital transformation, air cargo and e-commerce, and the emergence of ultra-long-haul flights.

E-Commerce’s Ascendancy Boosts Air Transport
One of the pivotal factors contributing to the buoyancy of the air transport market is the exponential rise of e-commerce and online shopping. Electronic commerce, a game-changer in the retail landscape, involves the buying and selling of goods and services over the Internet or other electronic communication platforms. The air transport sector, with its efficiency, plays a crucial role in supporting this growth. Timely and efficient delivery of products, expanded market reach for online retailers, and reduced delivery times for customers are all facilitated by air transport. For instance, the UK experienced a significant surge in consumer e-commerce, constituting 30% of the country’s overall retail sector in September 2022, up from 20% in 2020, with an annual e-commerce revenue exceeding $120 billion.

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https://www.thebusinessresearchcompany.com/report/air-transport-global-market-report

Major Players in the Air Transport Market

• The Emirates Group
• China Airlines Ltd.
• American Airlines Group Inc.
• Delta Air Lines Inc.
• United Airlines Inc.
• China Southern Airlines
• Qatar Airways Company Q.C.S.C
• Air France–KLM SA
• Deutsche Lufthansa AG
• AirBridgeCargo Airlines LLC
• Compania Panamena de Aviacion SA
• Philippine Airlines Inc.
• Vietnam Airlines Corporation
• Garuda Indonesia (Persero) Tbk PT
• Royal Jordanian Airlines

EPIC Transformation in the Air Cargo Supply Chain
In the pursuit of operational excellence and a superior passenger experience, major air transport companies are adopting innovative platforms. The Enhanced Partner Identification and Connectivity (EPIC) platform is a shining example of such innovation. Developed by the International Air Transport Association (IATA) in March 2021, EPIC transforms the air cargo supply chain by facilitating the digitalization of worldwide air freight operations. Through rapid data sharing, including messaging capabilities and identities, EPIC simplifies the complex process of creating digital links across the entire air cargo value chain.

Segmentation: Understanding the Air Transport Market Dynamics

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

Asia-Pacific Takes the Lead
As of 2023, Asia-Pacific stands as the largest region in the air transport market, underlining the region’s prominence in shaping the industry’s landscape. As the market continues to evolve, innovations, strategic partnerships, and a focus on sustainability are poised to define the future of air transport, making it an exciting journey for both industry players and consumers alike.

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The Air Transport Global Market Report 2023  provides a comprehensive outlook of the air transport market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The air transport market forecast offers a thorough analysis on air transport market size, air transport market share, prominent players and their strategies.

 The Table Of Content For The Air Transport Market Include:
1. Air Transport Market Executive Summary
2. Air Transport Market Segments
3. Air Transport Market Size And Air Transport Market Growth Rate
4. Key Air Transport Market Trends
5. Major Air Transport Market Drivers
……
25. Key Mergers And Acquisitions In The Air Transport Market
26. Top Air Transport Companies
27. Air Transport Market Opportunities And Strategies
28. Air Transport Market, Conclusions And Recommendations
29. Appendix

Explore Similar Reports From The Business Research Company:
Passenger Air Transport Global Market Report 2023
Chartered Air Transport Global Market Report 2023
Transport Services Global Market Report 2023

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