Global Chartered Air Transport Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends

The chartered air transport services market consists of sales of chartered air transportation services and related goods by entities (organizations, sole traders and partnerships) that use aircraft, such as airplanes and helicopters, to provide chartered (non-scheduled) air transportation services for passengers and/or cargo at a toll per mile or per hour for the charter of the aircraft. The chartered air transportation market is segmented into passenger-chartered air transport; freight-chartered air transport and other chartered air transport.

Global Chartered Air Transport Market Size And Drivers:

The global chartered air transport market is expected to grow from $54.98 billion in 2020 to $59.07 billion in 2021 at a compound annual growth rate (CAGR) of 7.4%. The market is expected to reach $75.98 billion in 2025 at a CAGR of 6%. Increasing Technology is expected to be a continued driver of the chartered air transportation services market growth during the forecast period.

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Trends In The Global Chartered Air Transport Market

Airlines are actively making use of wearable technology to enhance operational efficiency, maintenance, and to provide add-on entertainment to the passengers. Wearable technology includes use of smart phones, personal electronic devices, smart glasses, smart watches, near-field communication (NFC) and Bluetooth technology to improve and simplify the passenger experience. These technologies help passengers to improve safety and efficiency, receive updates and information related to their flight. They are capable of helping the pilots, crew members and maintenance team to monitor gas concentrations, levels of noise and temperature to avoid mishaps. Smart watches allow passengers to upload their ticket related information on these devices.

Global Chartered Air Transport Market Segments:
The global chartered air transport market is further segmented based on type, type of charter, end use and geography.
By Type: Passenger Chartered Air Transport, Freight Chartered Air Transport, Other Chartered Air Transport.
By Type Of Charter: Private Charter, Affinity, Single Entity, Public Charter.
By End Use: Wealthy Individuals, Sports Teams, Large Corporations.
By Geography: The global chartered air transport market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global chartered air transport market, accounting for 32% of the market.

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Chartered Air Transport Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides chartered air transport market overviews, analyzes and forecasts market size and growth for the global chartered air transport market, chartered air transport market share, chartered air transport market players, chartered air transport market segments and geographies, chartered air transport market’s leading competitors’ revenues, profiles and market shares. The chartered air transport market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.