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Air Transportation Market

Air Transportation Market

Air Transportation Market Global Industry Assessment & Forecast

# Pages:

142

Base Year:

2021

Nov - 2021

Format:

Report Code:

VMR-2021-0545

Segments Covered
  • By Product Types Airplane Air Transportation, Helicopter Air Transportation
  • By End User/Application Passenger Air Transportation, Cargo Air Transportation, Others
Snapshot
Forecast YearsForecast Years: 2022 - 2028
Historical YearsHistorical Years: 2016 - 2021
Revenue 2021Revenue 2021: 125.9 Billion
Revenue 2028Revenue 2028: 334.5 Billion
Revenue CAGRRevenue CAGR (2022 - 2028): 2.80%
Fastest Growing Region Fastest Growing Region (2022 - 2028) North America
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report
  • Go To Market Strategy
  • Region Specific Market Dynamics
  • Region Level Market Share
  • Import Export Analysis
  • Production Analysis
  • Others Request Customization Speak To Analyst

Key Insights

The global Air Transportation market was valued at USD 125.9 Billion in 2020 and is projected to reach USD 334.5 Billion by 2028, growing at a CAGR of 2.80%% from 2021 to 2028.

Years Parameters
Historical Data (Actual Data) 2016-2020
Base Year Data 2020
Current Year Date 2021
Projected year data 2021-2028
Annual Market Size (2028) 334.5 Billion
Annual Market Size (2021)
CAGR (2021 - 2028) 2.80%%

Definition And Overview

Air transport industry is considered as an enormous international industry due to the demand for air transport of both passengers and goods, due to which new airports are being constructed across the globe. Air travel is a form of travel in vehicles such as airplanes, jet aircraft, helicopters, or anything else that can sustain flight. The use of air transport has greatly increased in recent years worldwide since modern air travel is much safer and faster than road travel.

 

This report provides an analysis of the Air Transportation market for the historic period of 2016–2019 and forecasts for 2021–2028 while 2020 is considered as a base year for estimations. The report covers exhaustive analysis on the global Air Transportation industry, which includes market trends, drivers, restraints, opportunities, segmental analysis, regional trends, and competitive landscape among others. The report provides a detailed study on various product types and their applications in different industry verticals at the global/regional/country level. This study comprises the market size in terms of revenue for each segment at the global/regional/country level along with a detailed analysis of growth prospects, challenges, and opportunities.  Moreover, it covers an extensive competitive landscape covering key players in the industry and their comparative study on the basis of different parameters such as company overview, product portfolio, market revenue, business, and marketing strategies.

Yearly Infographics 125.9 Billion 334.5 Billion

Industry Analysis

The report includes a separate section covering detailed Air Transportation industry analysis based on various macro/micro factors impacting the growth of the market. This section explains various driving factors, restraints/challenges, and opportunities in detail. In addition to that, the same section provides industry analysis based on several strategic marketing tools such as Cost Structure Analysis, Porter’s Five Forces Analysis, Pricing Analysis, SWOT Analysis, PESTLE Analysis, Player Positioning Analysis, Downstream Buyers, List of distributors, and Value Chain Analysis among others.


The growth of e-Commerce in the air transportation industry is anticipated to augment the growth of the air transportation market during the forecast period. This is owing to the increasing economy which is turning to ecommerce for online shopping from consumers to businesses, consumer to consumer, and business to business by transforming into a modern service provider and anticipating consumers’ expectations. For instance, AirAsia launched its new AirAsia Shop online platform in 2020, which enables customers to purchase duty free products and have them conveniently delivered to their doorstep within the next working day. 

The growing adoption of automation techniques is expected to drive the global air transportation market during the forecast period. This is due to the increasing developments in the technologies in every industry across the world. For instance, numbers of airports across the globe such as Pittsburgh International Airport (PIT), have adopted autonomous robots with ultraviolet (UV-C) light technology for cleaning and non-face-to-face automatic body temperature robots at its exit to decrease the risk of COVID-19 infections. 

The major factors that may hinder the growth of the air transportation market are the increasing fuel prices and high operational cost. Fuel costs account for approximately 10% to 12% of the total operating expenses. However, many companies have programs to evade the fuel costs by making contracts to lock in their costs for a fixed period of time, turning it into a fixed expense. When the fuel prices rise, this contracts helps these companies to save on the fuel.

COVID-19 Impact Analysis

When the Covid19 pandemic started in China last year it sends its shock waves to countries across the globe. And as the number of cases was on the rise, it enforced the governments across the world to take severe actions like border seals, lockdown, and implementing strict social distancing measures, in order to stop the impending catastrophe. These actions had a dramatic impact on the economy, as the industrialist across the globe were forced to halt their production, leading to supply chain disruptions and impairing of various industries. Thus, plummeting the global markets. However, it is expected that reopening of trade activities, the market will witness steady growth in demand in the coming years. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends for all the regions and countries.


The report provides a completely separate chapter for COVID-19 Impact Analysis. This chapter includes:


o   Impact Assessment of COVID-19 Pandemic

o   Pre & Post COVID-19 Market Size

o   Qualitative analysis on the short term & long-term impact of COVID-19 on the market

o   The analysis provides foremost strategies adopted by competitors to minimize the impact of the pandemic on their business activities and scope for future developments.

Market scope

Parameter Details
Market Size Provided for Years 2016-2028
Base Year 2020
Historic Years 2016-2020
Forecast Years 2021-2028
Market Size Provided In Terms Of Revenue & Volume
Segments Covered Product Types, End User/Application
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Countries Covered The U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, South East Asia, Brazil, Argentina, GCC Countries, and South Africa, among others
Companies Covered Delta Air Lines, Singapore Airlines Cargo, Lufthansa Group, United Continental Holdings, Emirates, British Airways, Cathay Pacific Airlines, China Airlines, American Airlines Group, DHL Aviation, UPS Airlines, FedEx., Korean Air Cargo.
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis

Market Segmentation

The report delivers an acute breakdown of the market based on various segments such as Product Types, End User/Application, , and region. All the segments are studied considering historical and future trends across geographies. All the segments are analyzed based on trends, market size, and forecast, and the data is provided for the years 2016–2028. Several growth factors and opportunities impacting various segments have been incorporated in the report.


On the basis of Product Types, the market is divided into Airplane Air Transportation, Helicopter Air Transportation. Airplane Air Transportation held the largest share in 2020 and is projected to grow at a noteworthy CAGR within the forecast period.


Based on End User/Application, the market is divided into Passenger Air Transportation, Cargo Air Transportation, Others. Passenger Air Transportation attributed to the highest market share and is expected to grow at a significant CAGR from 2021 to 2028. 

Global Air Transportation Market: Product Types Segment Analysis

    • Airplane Air Transportation
    • Helicopter Air Transportation

Global Air Transportation Market: End User/Application Segment Analysis

    • Passenger Air Transportation
    • Cargo Air Transportation
    • Others

Regional Analysis: Preview

Based on the geography, the global Air Transportation market is segmented into North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa. The report further segments the regional study into key country-level markets from each region. This section of the report provides a comprehensive review of the Air Transportation market at the regional and country level.  The report covers all the major developments specific to Air Transportation industry across geographies and explains its impact on the market. The regional analysis section also provides analysis of the impact of various factors such as economies, industry competition, technological advancements, import-export ratio, and raw material availability among others. The concentration of raw material suppliers as well as market players in one specific region impacts the global market scenario and the report covers exclusive information on the same.  Also, the report analyzes the intensity of competition in each region and its influence on the growth of the global Air Transportation market. 

Market Size, 2021 (USD Billion)
North America
Europe
Asia Pacific
South America
Middle East Africa

Global Air Transportation Market: Regional Analysis

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • France
    • Germany
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East and Africa
    • GCC Countries
    • South Africa
    • Rest of MEA

Competitive Landscape

The global Air Transportation market report provides an exhaustive competitive landscape to give a comprehensive synopsis of the global market. Major players in the Air Transportation market are Delta Air Lines, Singapore Airlines Cargo, Lufthansa Group, United Continental Holdings, Emirates, British Airways, Cathay Pacific Airlines, China Airlines, American Airlines Group, DHL Aviation, UPS Airlines, FedEx., Korean Air Cargo.. This section of the report will provide you extensive information on all key players based on business overview, product portfolio, marketing strategies, recent developments, financial performance, and geographical presence among others. Moreover, the report will also include extensive analysis on key strategies adopted by market players such as new product development/launch, merger & acquisitions, partnerships, collaborations & joint ventures, research & development, and regional expansion.  

FAQ
Frequently Asked Question
  • The global Air Transportation valued at 125.9 Billion in 2020 and is expected to reach 334.5 Billion in 2028 growing at a CAGR of 2.80%%.

  • The prominent players in the market are Delta Air Lines, Singapore Airlines Cargo, Lufthansa Group, United Continental Holdings, Emirates, British Airways, Cathay Pacific Airlines, China Airlines, American Airlines Group, DHL Aviation, UPS Airlines, FedEx., Korean Air Cargo..

  • The market is project to grow at a CAGR of 2.80%% between 2021 and 2028.

  • The driving factors of the Air Transportation include

    • The growth of e-Commerce in the air transportation industry is anticipated to augment the growth of the air transportation market during the forecast period. This is owing to the increasing economy which is turning to ecommerce for online shopping from consumers to businesses, consumer to consumer, and business to business by transforming into a modern service provider and anticipating consumers’ expectations. For instance, AirAsia launched its new AirAsia Shop online platform in 2020, which enables customers to purchase duty free products and have them conveniently delivered to their doorstep within the next working day.
    • The growing adoption of automation techniques is expected to drive the global air transportation market during the forecast period. This is due to the increasing developments in the technologies in every industry across the world. For instance, numbers of airports across the globe such as Pittsburgh International Airport (PIT), have adopted autonomous robots with ultraviolet (UV-C) light technology for cleaning and non-face-to-face automatic body temperature robots at its exit to decrease the risk of COVID-19 infections.

  • North America was the leading regional segment of the Air Transportation in 2020.