Air Transportation Market

Air Transportation Market by Product Types (Airplane Air Transportation, Helicopter Air Transportation) by End User/Application (Passenger Air Transportation, Cargo Air Transportation, Others) , by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa): Global Market Assessment, 2021 – 2028

Frequently Asked Questions

  • What is the global demand for Air Transportation in terms of revenue?

    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%%

  • Which are the prominent players in the market?

    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..

  • At what CAGR is the market projected to grow within the forecast period?

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

  • What are the driving factors fueling the growth of the market.

    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.

  • Which region accounted for the largest share in the market?

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

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