Air Transportation Market
Air Transportation Market Global Industry Assessment & Forecast
#
Pages:
142
2021
Nov - 2021
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
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
125.9 Billion |
 Revenue 2028:
|
334.5 Billion |
 Revenue CAGR
(2021 - 2028): |
2.80% |
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
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
FAQ
Frequently Asked Question
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.
