Global Passenger Air Transport Market

The transport market consists of sales of transportation equipment and related services by entities (organizations, sole traders, and partnerships) that produce equipment for transporting people and goods. Transportation equipment is a type of machinery. The main types in the transport market are motor vehicle parts, motor vehicles, train and components, trailer, motor home, travel trailer and camper, ship and boat building and repairing, all other transportation equipment. The motor vehicle parts refer to the parts of the vehicles such as bicycles, cycles, and other types. The various applications include general services, dockage, hull part, engine parts, electric works, auxiliary services. These are used in transport companies, the military, other end users. The global transport market size is expected to grow from $5,345.15 billion in 2021 to $5,910.51 billion in 2022 at a compound annual growth rate (CAGR) of 10.6%. The global transport market is then expected to grow to $8,511.38 billion in 2026 at a CAGR of 9.5%. The transport manufacturing market is aided by the rapid economic growth of developing countries during the historic period. The International Monetary Fund (IMF) predicts that the global GDP growth will be 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a significant decline in the historic period is further expected to aid the market growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period. Stable economic growth is expected to increase investments at the end-user markets, thereby driving the market during the forecast period. The outbreak of the Coronavirus disease (COVID-19) has acted as a massive restraint on the transportation manufacturing market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People's Republic of China, and spread globally including Western Europe, North America, and Asia. Transportation manufacturers depend heavily on the supply of parts and components from different countries across the globe. As many governments restricted the movement of goods across countries, manufacturers had to halt production due to a lack of parts and components. Also, sales of new automobiles decreased significantly due to a decline in consumer demand as many countries impose lockdowns. The outbreak continued to hurt businesses throughout 2020 and into 2021. However, it is expected that the transportation manufacturing market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy. Virtual reality and augmented reality technologies are being widely used by transportation manufacturing companies for the faster creation of physical prototypes and to reduce manufacturing defects. While AR is a real-time integration of digital information with the user's environment, VR is a three-dimensional, computer-generated environment that can be explored and interacted with. These technologies benefit the manufacturing process by reducing rework, increasing quality, lowering labor costs, meeting timelines, improving safety, streamlining collaboration, design analysis approach, improving accuracy, aid in project management, and presentation of product plans. Major transportation manufacturing companies utilizing AR and VR technologies include Toyota, Volkswagen Group, General Motors, and Daimler AG. Major companies in the transport market include Toyota Motor Corp, Volkswagen AG, Daimler AG, EXOR Group, Fiat Chrysler Automobiles NV, Ford Motor Co, SAIC Motor Co Ltd, Honda Motor Co Ltd, General Motors Co, and Peugeot. Asia Pacific was the largest region in the transport market in 2021. Western Europe was the second largest market in the global transport market during the forecast period. The regions covered in the global transportation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, Africa. The countries covered in transport market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The global transport market is segmented - 1) By Type: Motor Vehicle Parts, Motor Vehicles, Train and Components, Trailer, Motor Home, Travel Trailer and Camper, Ship and Boat Building and Repairing, All Other Transportation Equipment 2) By Application: General Services, Dockage, Hull Part, Engine Parts, Electric Works, Auxiliary Services 3) By End-User: Transport Companies, Military, Others Subsegments Covered: Motor Vehicle Body, Stamped Metal and Other Parts, Motor Vehicle Engine, Power Train and Parts, Motor Vehicle Electrical and Electronic Equipment, Steering Suspension, and Interiors, Motorcycle and Bicycle, Passenger Car, Commercial Vehicle, Locomotives, Wagons, and Other Rolling Stock, Parts and Accessories for Railway Vehicles, Dry Vans, Refrigirated Trailers, Tank Trailers, Flatbed Trailers, Lowboy Trailers, Other Trailers, Self-Contained Motor Homes Assembling, Van and Minivan Conversions, Travel Trailer, Camper, Shipbuilding and Repairing, Boat Building and Repairing

The aircraft maintenance, repair and overhauling services market consists of sales of aircraft maintenance, repair and overhauling (MRO) services and related goods by entities (organizations, sole traders or partnerships) that maintain, repair and overhaul commercial aircraft including helicopters, gliders, drones, aircraft turbines, aircraft engines, and rocket engines. The market numbers in this report include sales of spare parts to end consumers by aircraft MRO providers that are used during the aircraft MRO activities. The main types of aircraft maintenance, repair, and overhaul services are commercial aircrafts MRO services, commercial helicopters MRO services, commercial gliders and drones MRO services, aircraft turbines MRO services, aircraft engines MRO services, and rocket engines MRO services. Rocket engines MRO services include maintenance, repair, and overhaul services for rocket engines. The aircraft is divided into the engine, cabin interior, airframe, avionics, others, and the various sizes include wide-body, narrow-body, regional, others. The services are used for an annual maintenance contract, individual works, and others. The global aircraft maintenance, repair and overhauling services market size is expected to grow from $54.50 billion in 2021 to $59.93 billion in 2022 at a compound annual growth rate (CAGR) of 9.9%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The aircraft MRO services market is expected to reach $99.98 billion in 2026 at a CAGR of 13.7%. Rapid advances in wireless technology and miniaturization (which refers to designing smaller components for equipment) are expected to drive innovation in the defense market, thus driving the aircraft maintenance, repair and overhauling services market during the forecast period. Furthermore, technologies such as 3D printing, artificial intelligence, and big data analytics are being used during the manufacturing process, resulting in higher productivity, lower operating costs, and higher margins. Lower operating costs lead to higher margins, this allows companies to expand production and increase product portfolio, thus driving the growth of the aircraft maintenance, repair, and overhauling services market. Rising cyber-attacks on the confidential data transferred through sensitive paths in the value chain of the aerospace industry are expected to be a restraint on the aircraft maintenance, repair, and overhauling services market in the forecast period. Companies involved in the value chain of aircraft maintenance, repair, and overhauling services exchange a lot of confidential data on specifications, technology, and performance of equipment or services to enhance collaborations on design, development, and support. The data exchanged within the supply chain can be stolen and used by unethical competitors to copy products and reduce market prices of the products. To eliminate the threat, companies in the aerospace industry invest in next-generation cyber security solutions to protect their data from advanced cyber-attacks. For example, leading players such as Lockheed Martin are investing in developing cyber security solutions with offensive and defensive capabilities. Cyber-attacks by governments of enemy countries or competitors are expected to hinder the growth of the aircraft maintenance, repair, and overhauling services market. Digital thread and digital twin are two interlinked concepts trending in the aircraft parts manufacturing, repair & maintenance market. The digital thread is a communication framework that allows connected data flow throughout the lifecycle and across functions such as design, engineering, production, and maintenance providing an integrated, authoritative, up-to-the-minute view of the asset's data that can be accessed at any time, anywhere. Digital twin includes design specifications and engineering models describing its geometry, materials, parts, and behavior which give a digital model of a particular product. Both concepts analyze data captured digitally from end-to-end throughout a product's lifecycle beginning with design and extending through maintenance, repair, and overhaul to improve the performance of future programs. In aircraft maintenance complexity, this helps in maintaining digital records, minimizing downtime, and streamlining regulatory compliance. Major companies in the aircraft maintenance, repair, and overhauling services market include General Electric Company, The Boeing Company, Rolls-Royce Holdings plc, Honeywell International Inc., Lufthansa Group, Safran SA, MTU Aero Engines AG, General Dynamics, BBA Aviation plc and Bombardier Inc. Asia Pacific was the largest region in the aircraft maintenance, repair and overhauling services market in 2021. Eastern Europe is expected to be the fastest growing region. The regions covered in the aircraft maintenance, repair and overhauling services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the aircraft maintenance, repair, and overhauling services market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The global aircraft maintenance, repair and overhauling services market is segmented - 1) By Type: Commercial Aircrafts MRO Services, Commercial Helicopters MRO Services, Commercial Gliders and Drones MRO Services, Aircraft Turbines MRO Services, Aircraft Engines MRO Services, Rocket Engines MRO Services 2) By Aircraft Division: Engine, Cabin Interior, Airframe, Avionics, Others 3) By Size: Wide-Body, Narrow-Body, Regional, Others 4) By Service Type: Annual Maintenance Contract, Individual Works, Others

The airport technologies market consists of sales of airport technologies that enable a hassle free and convenient customer experience at the airport. The different types of airport technologies include airport communications, airport management systems and software, digital signage systems, fire-fighting systems, security systems, car parking systems, passenger management systems, baggage management systems, cargo control systems, landing aid, and guidance and lighting systems. The main types of airport technologies are airport digital signage systems, car parking systems, airport communications, landing aids, guidance and lighting, passenger, baggage and cargo handling control systems, and airport management software. Landing aids help aircraft in an approach and landing, flashing light, radio beacon, communicating device or radar device or any system are some landing aids. Airport technologies are used in small, medium and large domestic airport and international airports. The global airport technologies market size is expected to grow from $11.35 billion in 2021 to $12.30 billion in 2022 at a compound annual growth rate (CAGR) of 8.5%. The change in the airport technology market growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2021. The market is expected to reach $14.88 billion in 2026 at a CAGR of 4.9%. Rise in illegal immigration is a key driver of the airport technologies market. According to data published by the German Federal Police, by the end of October 2020, a total of 1,569 migrants illegally entered Germany from Norway, Sweden and Denmark since the beginning of 2020. To curb illegal immigration, advanced airport technologies are being increasingly used. In this regard, airport technology in the form of facial recognition has led to many arrests for illegal immigration at airports. Similarly, technologies such as Mobile Passport Control (MPC) and radio-frequency identification (RFID) based tracking solution have been deployed in many airports. The MPC technology uses a mobile app that allows US citizens or visitors from Canada to expedite their entry into the USA. This app has been approved by the U.S. Customs and Border Protection (CBP). Insufficient airport safety regulations in many countries is a major restraint on the airport technologies market. This is mainly due to lack of strict mandate in some countries to further improve the existing airport technologies. The Federal Aviation Administration (FAA) audit revealed that India had insufficient safety regulations in airports. The FAA audit concluded that insufficient airport safety regulations and a decline in safety ranking of the Indian airports can be directly attributed to lack of advancement of airport technologies in the country. Insufficient airport safety regulations continue to be an important restraint restricting the growth of the airport technologies market. The implementation of automated baggage handling systems is an emerging trend in the airport technologies market. Automated baggage handling systems involve the use of small robotic vehicles that carry baggage from the conveyor belt, through the security system and finally to the respective aircraft carriers. The use of this technology is expected to reduce the number of bags lost at airports. According to airline information technology company SITA, the total number of lost bags reduced to 5.60 lost bags per thousand passengers in 2019. In February 2019, Vanderlande, a logistics company based in the Netherlands signed an agreement with Airport Authority Hong Kong (AAHK) to improve quality, efficiency and flexibility of autonomous baggage handling at the Hong Kong airport. Major players in the airport technologies market are Thales ATM S.A, Honeywell Airport Solutions, Siemens Airports, Raytheon Corp, CISCO Systems,Inc, Hitachi,Ltd, Bosch Security Systems,Inc, Rockwell Automation, Analogic, Smiths Detection International, Oshkosh Truck Corp, MATRIX SYSTEMS, DSG SYSTEMS AG, Airport Information Systems,Ltd, Garrett Metal Detectors, KUKA Roboter, Passur Truck Corp, Pensher Skytech, Vanderlande Industries, Syagen Technology, ArincInc, A4 Vision, Alstom Aerospace airports and American Lafrance Corp. The regions covered in the airport technologies report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the airport technology market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global airport technologies market is segmented - 1) By Type: Airport Digital Signage Systems, Car Parking Systems, Airport Communications, Landing Aids, Guidance and Lighting, Passenger, Baggage and Cargo Handling Control Systems, Airport Management Software 2) By Airport Size: Small, Medium, Large 3) By Application: Domestic Airport, International Airport

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 hour for the charter of the aircraft. The main types in the chartered air transportation market are passenger chartered air transport, freight chartered air transport, and other chartered air transport. Passenger chartered air transport use airplanes and helicopters to provide chartered (non-scheduled) air transportation services for passengers. The chartered air transport services market is also segmented by application into private charter, affinity, single entity, and public charter and by end-use into wealthy individuals, sports teams, and large corporations. The global chartered air transport market size is expected to grow from $71.67 billion in 2021 to $78.7 billion in 2022 at a compound annual growth rate (CAGR) of 9.8%. The chartered air transport services market is then expected to grow to $109.44 billion in 2026 at a CAGR of 8.6%. Technology is expected to be a continued driver of the chartered air transportation services market growth during the forecast period. Sectors such as transportation services will benefit from the greater efficiencies offered by technological advances. Technologies such as aircraft telematics relay engine information via satellite to manufacturers and maintenance teams on the ground to minimize time on the tarmac reducing flight turnaround times and increasing the efficiencies of airlines. Several technologies such as big data, machine learning, and predictive analytics are also being used to increase efficiencies, and align business strategies. Big data uses a combination of real-time information, historical trends, and clever algorithms, to translate car speeds, weather conditions, and sources of acceleration and deceleration for road operators. Adoption of technology will drive the chartered air transportation services market going forward The outbreak of the Coronavirus disease (COVID-19) has acted as a massive restraint on the chartered air transportation market in 2020. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and spread globally including to Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity with countries entering a state of lockdown and the outbreak harmed businesses throughout 2020 and 2021. However, it is expected that the market will recover from the shock. 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 the use of smartphones, personal electronic devices, smart glasses, smartwatches, 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 pilots, crew members, and maintenance teams to monitor gas concentrations, levels of noise, and temperature to avoid mishaps. Smartwatches allow passengers to upload their ticket-related information on these devices. About 77% of the 6,000-plus passengers surveyed in a study said they would be comfortable with the use of wearable technology to help them during their journey. Some companies making use of such wearable technologies include Virgin Atlantic, Japan Airlines, EasyJet, and British Airways. Major companies in the chartered air transport services market include Atlas Air Worldwide Holdings, TUI Airways, NetJets, Garuda Indonesia, Air Transport Services Group, Jet edge International, Air Partner, Gama Aviation, and Thai Airways International Public Co. Ltd. North America was the largest region in the chartered air transport services market in 2021. Asia Pacific was the second largest region in the chartered air transport market. The regions covered in the chartered air transportation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the chartered air transport services market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The global chartered air transport market is segmented - 1) By Type: Passenger Chartered Air Transport, Freight Chartered Air Transport, Others 2) By Application: Private Charter, Affinity, Single Entity, Public Charter 3) By End-Use: Wealthy Individuals, Sports Teams, Large Corportations

The freight chartered air transport services market consists of sales of freight chartered air transportation services by entities (organizations, sole traders, and partnerships) that use aircraft, such as airplanes and helicopters, to provide chartered (non-scheduled) air transportation services for cargo at a toll per mile or hour for the charter of the aircraft. Only goods and services traded between entities or sold to end consumers are included. The main cargo types in the freight chartered air transport services market are time-critical cargo, heavy and outside cargo, dangerous cargo, animal transportation, and others. The dangerous cargo involves the shipment of substances that are at a risk to health, property, safety, or the environment. The freight chartered air transport market is segmented by application into private use and commercial use and by end-use into wealthy individuals, sports teams, and large corporations. The global freight chartered air transport market size is expected to grow from $20.92 billion in 2021 to $23.64 billion in 2022 at a compound annual growth rate (CAGR) of 13%. The freight chartered air transportation market is expected to grow to $36.68 billion in 2026 at a CAGR of 11.6%. The growing need for urgent shipment of dangerous goods and hazardous materials is expected to drive the freight chartered air transport market. Sensitive freights with dangerous goods including explosives, highly inflammable, gases, radioactive materials, and military items, toxic and infectious substances require a special skill set and expert knowledge for shipping the goods. These goods are transported through chartered cargo to avoid explosions and contaminations. For instance, the Federal Aviation Administration (FAA) of the USA, granted the authority for chartered cargo services along with training for all employees, in the form of a part-135 certificate, to operate on demand under FAA-approved hazardous materials program. Urgent shipment of dangerous goods and hazardous materials is therefore expected to drive market growth. High prices associated with charter cargo flight services are expected to hinder the freight chartered air transport market. The cost of the cargo charter depends on many factors such as origin and destination points, type of commodity shipped, dimensions, and weights. For instance, the freight and logistics prices are above $500,000 for an Asia-Europe A330 charter and above $21 per kilogram on transatlantic routes for some urgent shipments. Additionally, the cost of B777 or B747 carrying 100 tonnes of cargo was $470,000 earlier, which is now costing between $850,000 and $1 million for a round trip with e-commerce goods and general cargo from Europe to China. Therefore, the skyrocketing cost of freight charter services is expected to hinder the market. Major players in the freight chartered air transport services market are Air Charter Service, Air Transport Services Group Inc., Stratos Jet Charters Inc., Cargo Air Chartering, Cathay Pacific Airways Ltd., Air Partner, and Fliteline. North America was the largest region in the freight chartered air transport services market in 2021. Asia Pacific was the second largest region in the chartered freight air transport services market. The regions covered in the freight chartered air transport market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the freight chartered air transport market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The global freight chartered air transport market is segmented - 1) By Cargo Type: Time Critical Cargo, Heavy and Outside Cargo, Dangerous Cargo, Animal Transportation, Others 2) By Application: Private Use, Commercial Use 3) By End-Use: Wealthy Individuals, Sports Teams, Large Corportations

The passenger chartered air transport services market consists of sales of passenger 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 at a toll per mile or hour for the charter of the aircraft. Only goods and services traded between entities or sold to end consumers are included. The main types of passenger chartered air transport market covered in this report are private charter services and business charter services. The private charter services involve in which an individual can rent an entire aircraft on a commercial airline. It is also segmented by size into light jets, mid-sized jets, large jets, and airliners. The passenger chartered air transport market covered is segmented by capacity into less than 10, 10-100, and greater than 100. The global passenger chartered air transport market size is expected to grow from $45.07 billion in 2021 to $48.88 billion in 2022 at a compound annual growth rate (CAGR) of 8.4%. The passenger chartered air transportation market is then expected to grow to $64.42 billion in 2026 at a CAGR of 7.1%. The increasing preference for private charters by ultra-high net worth individuals (UHNWI) is expected to drive the global passenger-chartered air transport market. Most UHNWI are inclined towards private charters rather than owning jets. In the Asia Pacific, Australia leads the market with 57 charter jets for 27 billionaires followed by Singapore which has 30 charter jets for their 28 billionaires. The prevalence of COVID19 has also supported the growth of the market as the individual’s traveling had to maintain social distancing and the UHNWIs were looking for safe and customized travel options. The growing preference for private charters contributed to the growth of the passenger-chartered air transport market. Fluctuating fuel prices is expected to hinder the growth of the passenger-chartered air transport market. An Increase in fuel price increases the operating costs of charter flights which increases the rental price of charter flights. For instance, in March 2019, jet fuel prices hiked by $64.14 per kilolitre in India which is an increase of 8.15%. Therefore, sudden fluctuations in price are expected to impact the growth of the passenger-chartered air transport market. A custom luxury vacation tour by chartered jets is a major trend gaining popularity in the global passenger chartered air transport services market. People are prioritizing travel, adventures, and unique experiences and private chartered jet services are offering customized tours for a group of travelers for the round-the-world tours as well. For instance, Abercrombie & Kent (A&K), a luxury travel company, that provides round-the-world tours on all-first-class airliners is now offering personalized tours through bizjet for up to 16 passengers. In March 2020, Wheels Up, a leader in total aviation solutions, acquired Gama Aviation for an undisclosed amount. The acquisition will increase Wheels Up’s fleet with more than 300 planes owned and operated. Gama Aviation is a leading private aviation services company that provides aircraft management, private jet charter, and ancillary support for its managed aircraft. Major players in the passenger chartered air transport services market are Air Charter Service Group Ltd., Air Partner Plc, Asia Jet Partners Ltd., ASIAN SKY GROUP, Delta Private Jets, Inc., Flexjet LLC, Gama Aviation Plc, GlobeAir AG, NetJets Aviation Inc, and XO Global LLC. North America was the largest region in the passenger chartered air transport services market in 2021. Asia Pacific was the second largest region in the chartered passenger air transport services market. The regions covered in the passenger chartered air transportation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the passenger chartered air transport market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The global passenger chartered air transport market is segmented - 1) By Type: Private Charter Services, Business Charter Services 2) By Size: Light Jets; Mid Sized Jets, Large Jets, Air Liner 3) By Capacity: Less than 10, 10-100, Greater than 100

The air cargo transport services market consists of sales of air cargo transport services and related goods by entities (organizations, sole traders, and partnerships) that use aircraft, such as airplanes and helicopters to provide air transportation of cargo and mail on a contract basis over fixed international routes. The main types in the air cargo transport services market are air mail and air freight. Air freight involves the transportation of cargo and mail through an air carrier. The air cargo transport services market is also segmented by destination into domestic and international and by service into express and regular. It is also segmented by end-user into consumer electronics, retail, third-party logistics, food and beverages, pharmaceuticals and healthcare, and others. The global air cargo transport services market size is expected to grow from $57.21 billion in 2021 to $61.82 billion in 2022 at a compound annual growth rate (CAGR) of 8.1%. The air cargo transport market is then expected to grow to $81.51 billion in 2026 at a CAGR of 7.2%. Air cargo companies are increasingly using block chain technology to improve efficiency, minimize losses, and prevent damage to cargo. Block chain technology allows air cargo companies to digitally track and record the change of custody for airline cargo containers, or Unit Load Devices (ULDs), as they journey between destinations. For instance, the block chain in Transport Alliance (BiTA) is pushing for a standardized implementation in the logistics industry. Large industry players such as UPS, FedEx, DHL, and Union Pacific have signed on with BiTA. Sita, an air transport communications and information technology company estimates the possibility of using block chain technology to save $400M a year for the air cargo industry. Major companies in the air cargo transport services market include Cathay Pacific Cargo, FedEx, The Emirates Group, United Parcel Service, and DHL Aviation. Asia Pacific was the largest region in the air transport cargo services market in 2021. North America was the second largest region in the air cargo market. The regions covered in the air cargo transport service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the air cargo transport services market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The global air cargo services market is segmented - 1) By Type: Air Mail, Air Freight 2) By Destination: Domestic, International 3) By End-User: Consumer Electronics, Retail, Third Party Logistics, Food and Beverages, Pharmaceuticals and Healthcare, Others 4) By Service: Express, Regular

The air transport services market consists of sales of air transportation services and related goods by entities (organizations, sole traders, and partnerships) that use aircraft, such as airplanes and helicopters, to provide air transportation of passengers and/or cargo. The market includes services offered by both scheduled and nonscheduled air carriers. Revenues from the sales of auxiliary in-flight services such as meals, snacks, beverages, and duty-free shopping, provided by companies are also included in this market. Scenic and sightseeing air transportation and air courier services are not included in the air transport services market. The main types of air transport services are passenger air transport, chartered air transport, and air cargo services. The chartered air transport services involve the public and private chartered services that provide air transportation of passengers. The market is segmented by distance into long-distance and short-distance and by end-use into private and commercial. The global air transport market size is expected to grow from $653.05 billion in 2021 to $728.61 billion in 2022 at a compound annual growth rate (CAGR) of 11.6%. The air transport services market is then expected to grow to $1,332.45 billion in 2026 at a CAGR of 16.3%. The use of analytics is rapidly growing in the aviation industry to capture critical insights from customers and operations data. It allows airlines to offer personalized services to their customers by using data analytics tools at every customer touchpoint. The growing use of analytics in the aviation industry is mainly a result of increasing competition between airlines. As a result, commercial airlines are looking to enhance customer satisfaction levels by analyzing parameters such as ticket sales passenger profile and purchase history. For instance, Chicago-based United Airlines analyzes 150 variables in a customer profile to offer a more personalized offer. Major companies using analytics in the aviation industry are Southwest Airlines, Delta Airlines, and United Airlines. Major companies in the air transport services market include The Emirates Group, China Airlines, American Airlines Group Inc., Delta Air Lines Inc., United Airlines Inc., China Southern Airlines, Qatar Airways Company Q.C.S.C, Air France–KLM, and Lufthansa Group. Asia Pacific was the largest region in the air transport services market in 2021. North America was the second largest region in the air transport services market. The regions covered in the air transport service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the air transport services market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The global air transport market is segmented - 1) By Type: Passenger Air Transport, Chartered Air Transport, Air Cargo Services 2) By Distance: Long-Distance, Short-Distance 3) By End-Use: Private, Commercial Subsegments Covered: Domestic Air Passengers, International Air Passengers, Passenger Chartered Air Transport, Freight Chartered Air Transport, Others - Chartered Air Transportation, Air Mail, Air Freight