Global Airlines Market Segments 2024, Forecast To 2033
5 Mar, 2024
The airlines market has witnessed robust growth, increasing from $523.04 billion in 2023 to $566.06 billion in 2024, achieving a CAGR of 8.2%. Historical growth is linked to airline industry deregulation and strategic alliances. Future projections anticipate reaching $794.61 billion in 2028, with a CAGR of 8.8%, driven by recovery from global events and a focus on digital transformation.
Global Airlines Market Key Driver
The airline market is poised for growth with the rising number of air passengers. The Bureau of Transportation Statistics reports a 30% increase in the number of passengers carried by American airlines in 2022 compared to the previous year. The airline market benefits from the steady rise in air travel demand.
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The airlines market covered in this report is segmented –
1) By Type Of Transport: Domestic, International
2) By Size: Narrow Body, Wide Body, Regional And Business Jet, Freighter
3) By Application: Passenger, Freight
By Geography: The regions covered in the anti inflammatory therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
Asia-Pacific was the largest region in the airline market in 2023.Asia-Pacificis expected to be the fastest-growing region in the airlines market report during the forecast period. The regions covered in the airlines market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Airlines Industry Players
Air France-KLM S.A.; American Airlines Group Inc.; Ana Holdings Inc.; British Airways PLC.; Delta Air Lines Inc.; Deutsche Lufthansa AG; Hainan Airlines Co. Ltd.; Japan Airlines Co. Ltd.; LATAM Airlines Group S.A.; Qantas Airways Limited; Ryanair Holdings Plc; Singapore Airlines; Southwest Airlines Co.; Thai Airways International PCL; United Airlines Holdings Inc.; WestJet Airlines Ltd.; Air Canada; Alaska Air Group; Allegiant Travel Company; Azul Linhas Aéreas Brasileiras S/A; Copa Holdings S.A.; Emirates Group; Finnair Oyj; Hawaiian Holdings Inc.; International Consolidated Airlines Group S.A.; JetBlue Airways Corporation; Korean Air Lines Co. Ltd.; Norwegian Air Shuttle ASA; Spirit Airlines Inc.; Turkish Airlines Inc.; Virgin Australia Holdings Limited; Volaris Aviation Holding Company; Wizz Air Holdings Plc; Xiamen Airlines Co. Ltd.
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AIOps Airlines Market Overview
Airlines refer to the business that operates regular services for carrying passengers or goods by utilizing planes. They might combine efforts with different airlines to fly a similar flight under a codeshare arrangement.
Airlines Global Market Report 2023 provides data on the global airlines market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The airlines market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.