Air Transportation Market
Air Transportation Market Global Industry Assessment & Forecast
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
Research Methodology: Air Transportation Market - Global Market Assessment, 2021 - 2028
Air Transportation Market study involves the combination of secondary and primary research for data collection and utilizes a robust and veracious methodology to attain results on quantitative and qualitative analysis for specific market research studies. Moreover, Vantage Market Research utilizes tried and tested approaches to arrive at market-related projections. The research methodology is based on the 3-dimensional model consisting of 3 phases namely: Secondary Research, Primary Research, and Data Triangulation. After the exhaustive secondary research, the procured information is revalidated through primary research.
Secondary Research
Primary Research:
The primary research was conducted to gather further information and revalidate the data collected from the secondary research. Moreover, primary research is also conducted to identify key players in the market and to gather their market-specific financial information. A typical primary interview fulfills data requirements pertaining to first-hand information on global market size, regional and segmental trends, competitive landscape expertise development, and market understandings among others.
Data Triangulation and Market Size Estimations
Top-down and bottom-up approaches are used to validate and estimate the market size of the Air Transportation market. After the determination of the overall market size, the market is divided into various segments and sub-segments. Moreover, these same approaches mentioned above were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. The data was triangulated by employing various data models and statistical techniques to arrive at exact statics and market size for each segment/sub-segment of the market. Moreover, region-wise product mapping analysis was used to gain some more insights on the competitive trend in the global Air Transportation market.
FAQ
Frequently Asked Question
What is the global demand for Air Transportation in terms of revenue?
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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?
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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?
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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?
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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?
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North America was the leading regional segment of the Air Transportation in 2020.