Air Transportation Market

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.

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.

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.

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.

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. 

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. 

• 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

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.