Passenger Chartered Air Transport Global Market Report 2023 – By Type (Private Charter Services, Business Charter Services), By Size (Light Jets, Mid Sized Jets, Large Jets, Air Liner), By Capacity (Less than 10, 10100, Greater than 100) – Market Size, Trends, And Global Forecast 2023-2032

Chartered air transport is a mode of transportation that uses aircraft, such as planes and helicopters, to provide chartered (non-scheduled) air transportation services for passengers and/or cargo for a fee per mile or hour for the charter of the aircraft, which includes renting an aircraft for a tour. The main types in the chartered air transportation market are passenger charter air transport, freight charter air transport, and other chartered air transport. Passenger chartered air transport uses aeroplanes and helicopters to provide chartered (non-scheduled) air transportation services for passengers. The 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 is segmented - 1) By Type: Passenger Chartered Air Transport, Freight Chartered Air Transport, Other Chartered Air Transport 2) By Application: Private Charter, Affinity, Single Entity, Public Charter 3) By End Use: Wealthy Individuals, Sports Teams, Large Corportations The global chartered air transport market grew from $79.16 billion in 2022 to $85.9 billion in 2023 at a compound annual growth rate (CAGR) of 8.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The chartered air transport market is expected to grow to $115.78 billion in 2027 at a CAGR of 7.7%. Technology is expected to be a continued driver of the chartered air transportation services market's 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 minimise 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 transport industry going forward. Major companies in the chartered air transport 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. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the chartered air transport market in 2020. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and has spread globally, including 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 "lock down" 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 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 improve safety and efficiency, and receive updates and information related to their flight. They are capable of helping pilots, crew members, and maintenance teams 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. North America was the largest region in the chartered air transport services market in 2022. Asia-Pacific was the second largest region in the chartered air transport market. The regions covered in the 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 chartered air transport 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 chartered air transport market includes revenues earned by entities by ensuring that their cargo has exclusive use of the entire sailing or flight, with guaranteed security and departure/arrival times. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The chartered air transport market research report is one of a series of new reports from The Business Research Company that provides chartered air transport market statistics, including chartered air transports industry, global chartered air transport market size, regional chartered air transport shares, competitors with a chartered air transport market share, detailed chartered air transport market segments, chartered air transport market trends and opportunities, and any further data you may need to thrive in the chartered air transport services industry. This chartered air transport market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Passenger air transport service refers to a mode of transportation for people that uses aircraft, such as planes and helicopters, to provide air transportation services for passengers, including scheduled and non-scheduled air carriers, to facilitate fast travel with improved security and to be used in emergency operations. The main types in the passenger air transport market are domestic air passengers and international air passengers. Domestic air passenger services are provided for domestic passengers by air transport. The market is segmented by class into business class and economy class and by end-use into private and commercial. The global passenger air transport market is segmented - 1) By Type: Domestic Air Passengers, International Air Passengers 2) By Class: Business Class, Economy Class 3) By End-Use: Private, Commercial The global passenger air transport market size grew from $573.6 billion in 2022 to $834.2 billion in 2023 at a compound annual growth rate (CAGR) of 45.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The passenger air transport market is expected to grow to $1053.34 billion in 2027 at a CAGR of 6.0%. The increase in global tourism is expected to fuel the growth of the passenger air transport market in the forecast period. Global tourism is probably the largest movement of goods, services, and people, and it is a major force for economic growth and socio-political transition. According to the United Nations World Tourism Organization (UNWTO), 1.5 billion international tourist arrivals were recorded in 2019, globally. A 4% increase on the previous year is also forecast for 2020 and is expected to cross US$ 23 million by 2023. Therefore, the increase in global tourism drives the growth of the passenger air transport market. Major companies in the passenger air transport services market include The Emirates Group, American Airlines Group Inc., Delta Air Lines Inc., United Airlines Inc., China Southern Airlines, Japan Airlines Co Ltd., Ryanair DAC, Air France–KLM, and Qatar Airways Company Q.C.S.C The use of analytics is rapidly growing in the aviation industry to capture critical insights from customer and operations data. It allows airlines to offer personalised 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, the commercial airline is looking to enhance customer satisfaction levels by analysing parameters such as ticket sales, passenger profile, and purchase history. For instance, Chicago-based United Airlines analyses 150 variables in a customer profile to offer a more personalised offer. Southwest Airlines, Delta Airlines, and United Airlines are major companies using analytics in the aviation industry. Asia-Pacific was the largest region in the passenger air services transport market in 2022. North America was the second largest region in the passenger air transport services market. The regions covered in the passenger air transport services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the passenger 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 passenger air transport services market includes revenues earned by entities that transport passengers from one location to another in a short period of time while also improving security. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The passenger air transport market research report is one of a series of new reports from The Business Research Company that provides passenger air transport market statistics, including global passenger air transport market size, regional passenger air transport market shares, competitors with a passenger air transport market share, detailed passenger air transport services market segments, passenger air transport market trends and opportunities, and any further data you may need to thrive in the passenger air transport industry. This passenger air transport market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Air transport is the transportation of people and goods using any vehicle capable of sustained controlled aircrafts such as aeroplanes and helicopters that provide both scheduled and non-scheduled air carriers to provide fast delivery of goods, reduced travel time with enhanced security, and reduced the risk of lost goods. The main types of air transports are passenger air transport, chartered air transport, and air cargo services. The chartered air transport services include both public and private chartered services that provide passengers with air transportation. 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 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 The global air transport market size grew from $714.49 billion in 2022 to $985.6 billion in 2023 at a compound annual growth rate (CAGR) of 37.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The air transport market is expected to grow to $1250.41 billion in 2027 at a CAGR of 6.1%. The use of analytics is rapidly growing in the aviation industry to capture critical insights from customer and operations data. It allows airlines to offer personalised 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 analysing parameters such as ticket sales, passenger profile, and purchase history. For instance, Chicago-based United Airlines analyses 150 variables in a customer profile to offer a more personalised offer. Southwest Airlines, Delta Airlines, and United Airlines are major companies using analytics in the aviation industry. Major companies in the air transports 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 market in 2022. North America was the second largest region in the air transport market. The regions covered in the air transport 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 analysis 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 air transport market includes revenues earned by entities by providing transportation services for fast delivery of goods and services in business operations and emergencies. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The air transport market research report is one of a series of new reports from The Business Research Company that provides air transport market statistics, including air transport industry global air transport market size, regional shares, competitors with an air transport services market share, detailed air transport market segments, market trends and opportunities, and any further data you may need to thrive in the air transport services industry. This air transport market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The aircraft maintenance, repair, and overhauling services refer to maintain, repair, and overhaul services of aircraft, including helicopters, gliders, drones, aircraft turbines, aircraft engines, and rocket engines. The aircraft maintenance, repair, and overhauling services market includes 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 aircraft MRO services; commercial helicopters MRO services; commercial gliders and drones MRO services; aircraft turbines MRO services; aircraft engines MRO services; and rocket engine MRO services. Rocket engine MRO services include maintenance, repair, and overhaul services for rocket engines. The aircraft is divided into the engine, cabin interior, airframe, avionics, and others, and the various sizes include wide-body, narrow-body, regional, and others. The services are used for an annual maintenance contract, individual projects, and others. 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 Maintainance Contract, Individual Works, Others The global aircraft maintenance, repair and overhauling services market size will grow from $56.46 billion in 2022 to $67.47 billion in 2023 at a compound annual growth rate (CAGR) of 19.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of aircraft maintenance, repair and overhauling services is expected to grow to $76.87 billion in 2027 at a CAGR of 3.3%. 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 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 portfolios, thus driving the growth of the aircraft maintenance, repair, and overhauling services market. 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. 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 for 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, and 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 anytime, anywhere. A 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. Asia-Pacific was the largest region in the aircraft maintenance, repair and overhauling services market in 2022. 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 aircraft maintenance, repair, and overhauling services market consists of revenues earned by entities by providing aircraft maintenance, repair, and overhauling services to aircraft, and aircraft components such as helicopters, gliders, drones, and aircraft turbines. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The aircraft maintenance, repair and overhauling services market research report is one of a series of new reports from The Business Research Company that provides aircraft maintenance, repair, and overhauling services market statistics, including aircraft maintenance, repair, and overhauling services industry global market size, regional shares, competitors with an aircraft maintenance, repair, and overhauling services market share, detailed aircraft maintenance, repair, and overhauling services market segments, market trends and opportunities, and any further data you may need to thrive in the aircraft maintenance, repair, and overhauling services industry. This aircraft maintenance, repair, and overhauling services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The commercial aircraft refers to civilian and commercial aircraft used for commercial purposes such as passenger and cargo transportation. The main components of commercial aircraft include fuselage, wings, cockpit, engine, propeller, tail assembly, and landing gear. The different types of commercial aircraft are passenger aircraft, commercial helicopters, commercial gliders and drones, aircraft turbines, aircraft engines, and rocket engines. A rocket engine is a component of a propulsion system that uses the combustion of reactive chemicals to supply the necessary energy to run the rocket. The various types of engines used include Turbofan, Turboprop, and Turboshaft, and the size differs from wide-body, narrow-body, regional, and others. The aircraft are operated in autonomous and manual modes that are used by the government and private sector. The global commercial aircraft market is segmented - 1) By Type: Passenger Aircrafts, Commercial Helicopters, Commercial Gliders and Drones, Aircraft Turbines, Aircraft Engines, Rocket Engines 2) By Engine Type: Turbofan, Turboprop, Turboshaft 3) By Size: Wide-Body, Narrow-Body, Regional, Others 4) By End-User: Government, Private Sector 5) By Operation: Autonomous Aircraft, Manual The global commercial aircraft market size will grow from $173.36 billion in 2022 to $177.25 billion in 2023 at a compound annual growth rate (CAGR) of 2.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of commercial aircraft is expected to grow to $240.43 billion in 2027 at a CAGR of 7.9%. Legal authority allowing the use of drones for commercial use is being extended more widely, increasing a potential revenue channel for aircraft manufacturers. For example, the US Federal Aviation Authority issued a rule allowing the use of drones for commercial purposes under certain conditions without a special waiver that was expensive and time-consuming to obtain that severely restricted the use of drones. Relaxation of the regulations is expected to aid the market for commercial drones in the forecast period. Many other countries follow the FAA's regulatory lead to clear commercial drones for take-off not just in the USA but worldwide. Combined with the launch of reliable and stronger drones specifically for commercial use, such as the drones manufactured by a Chinese company, DJI, and public sales of commercial drones, these are expected to drive rapid growth in the drone segment of the commercial aircraft manufacturing market. Major companies in the commercial aircraft market include Airbus Group SE, Raytheon Technologies Corporation, The Boeing Company, General Electric Company, General Dynamics, Safran SA, Northrop Grumman Corp, Lockheed Martin Corporation, IHI Corp, and Bombardier Inc. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the commercial aircraft manufacturing market in 2020 as supply chains were disrupted due to trade restrictions and manufacturing was affected due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and has spread globally, including Western Europe, North America, and Asia. Defense equipment manufacturers depend on the supply of raw materials and parts 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 raw materials. The outbreak had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the commercial aircraft manufacturing market will recover from the shock over 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. Aircraft manufacturers are using machine-learning techniques such as artificial intelligence (AI) to improve aircraft safety and quality and to improve manufacturing productivity. Machine learning algorithms collect data from machine-to-machine and machine-to-human interfaces and use data analytics to drive effective decision-making. These technologies optimize manufacturing operations and lower costs. For example, GE Aviation uses machine learning and data analytics to identify faults in engines, which increases component life and reduces maintenance costs. Boeing has successfully built machine-learning algorithms to design aircraft and automate factory operations. North America was the largest region in the commercial aircraft market in 2022. North America is expected to be the fastest growing region in the forecast period. The regions covered in the commercial aircraft market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the commercial aircraft 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 commercial aircraft market consists of sales of commercial aircraft of various types such as piston aircraft, light jets, and heavy jets. The market includes MRO (maintenance, repair, and overhaul) services provided by manufacturers during the aircraft’s warranty period. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The commercial aircraft market research report is one of a series of new reports from The Business Research Company that provides commercial aircraft market statistics, including commercial aircraft industry global market size, regional shares, competitors with a commercial aircraft market share, detailed commercial aircraft market segments, market trends and opportunities, and any further data you may need to thrive in the commercial aircraft industry. This commercial aircraft market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

An autonomous aircraft is an unmanned aircraft that does not require pilot interference in flight management. These are used as personal, passenger, and defense air vehicles. The main types of technologies in autonomous aircraft are increasingly autonomous and fully autonomous. An autonomous aircraft is one that is piloted by automatic systems and does not require the involvement of a human pilot. The different types include fixed-wing, rotary-wing, and are used in cargo aircraft and passenger aircraft. It is implemented in various sectors, such as commercial and defense. The global autonomous aircraft market is segmented - 1) By Technology: Increasingly Autonomous, Fully Autonomous 2) By Aircraft Type: Fixed-Wing, Rotary-Wing 3) By Application: Cargo Aircraft, Passenger Aircraft 4) By End User: Commercial, Defense The global autonomous aircraft market size will grow from $0.77 billion in 2022 to $0.84 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global autonomous aircraft is expected to grow to $1.09 billion in 2027 at a CAGR of 6.9%. The advancement in artificial intelligence is a key factor driving the growth of the autonomous aircraft market. Through managing aircraft and activities with AI-powered technologies, airlines and flight operators will dramatically reduce their operating costs and expenses. Artificial intelligence is now being used by the world's leading airlines to boost operating performance, prevent expensive errors, and increase customer loyalty. For instance, Airbus, one of the largest aerospace companies, is currently using AI to analyze data from multiple factories and determine when manufacturing process variations take place. It helps to resolve the problems sooner, when it's faster and less costly, or even fully avoid them. Therefore, advancements in artificial intelligence are expected to drive the growth of the autonomous aircraft market. Major players in the autonomous aircraft market are Boeing, Airbus, Lockheed Martin, Northrop Grumman, Elbit Systems, Raytheon Company, AeroVironment Inc., Saab AB, BAE Systems, and Aeronautics Ltd. Strategic partnerships are a key trend gaining popularity in the autonomous aircraft market. Major players are entering into partnership to expand their market and leverage each other’s resources. For example, in August 2022, Commaris, a brand of Terrafugia, Inc., a US based company delivering uncrewed aerial vehicles (UAVs) for commercial operations, announced its dealer partnership with FIZUAS Unmanned Aircraft Systems, a US based full life-cycle drone and small unmanned aircraft systems (sUAS) company. Similarly in March 2022, US aviation automation firm, Reliable Robotics, partnered with Vantis, an aerospace company in North Dakota, USA, to advance uncrewed aircraft systems (UAS). The safety concerns related to advanced technologies used in aircraft are a key factor hampering the growth of the autonomous aircraft market. In November 2021, in a US federal court, Boeing admitted fault for the March 2019 crash of an Ethiopian Airlines Boeing 737 Max 8 and promised to make amends to the families of the victims. The new flight control software, as well as sensor flaws that hadn't been disclosed to the pilots, were found by the investigators. In July 2021, Shield AI Inc., a US-based artificial intelligence company, acquired Martin UAV for an undisclosed amount. Shield AI will incorporate its combat-proven autonomous software, Hivemind, into the V-BAT as part of this acquisition, solidifying Shield AI’s dominant position in defense-focused edge autonomy. Martin UAV is a US-based aircraft manufacturer. North America was the largest region in autonomous aircraft market in 2022. Asia-Pacific is expected to be the fastest-growing region in the autonomous aircraft market share during the forecast period. The regions covered in the global autonomous aircraft market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the autonomous aircraft market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The autonomous aircraft market consists of sales of autonomous aircraft such as personal, passenger, and defense autonomous aircraft. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The autonomous aircraft market research report is one of a series of new reports from The Business Research Company that provides autonomous aircraft market statistics, including autonomous aircraft industry global market size, regional shares, competitors with an autonomous aircraft market share, detailed autonomous aircraft market segments, market trends and opportunities, and any further data you may need to thrive in the autonomous aircraft industry. This autonomous aircraft market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Freight chartered air transport is a mode of transportation that uses aircraft, such as planes and helicopters, to provide chartered (non-scheduled) air transportation services for passengers and/or cargo for a fee per mile or hour for the charter of the aircraft, which includes renting an aircraft for a tour. 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. Dangerous cargo involves the shipment of substances that are at a risk to health, property, safety, or the environment. The 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 is segmented - 1) By Cargo Type: Time Critical Cargo, Heavy And Outside Cargo, Dangerous Cargo, Animal Transportation, Other Cargo Types 2) By Application: Private Use, Commercial Use 3) By End Use: Wealthy Individuals, Sports Teams, Large Corportations The global freight chartered air transport market size will grow from $23.80 billion in 2022 to $26.58 billion in 2023 at a compound annual growth rate (CAGR) of 11.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global freight chartered air transport is expected to grow to $40.24 billion in 2027 at a CAGR of 10.9%. The growing need for urgent shipment of dangerous goods and hazardous materials is expected to drive the freight chartered air transport market. Sensitive freight with dangerous goods includes explosives, highly flammable 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 contamination. 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 an FAA-approved hazardous materials program. Urgent shipment of dangerous goods and hazardous materials is therefore expected to drive freight chartered air transport market growth. 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. High prices associated with charter cargo flight services are expected to hamper the freight chartered air transport market. The cost of the cargo charter depends on many factors, such as origin and destination points, the 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 kilogramme on transatlantic routes for some urgent shipments. Additionally, the cost of a 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 hamper the freight chartered air transport services market. The companies in the freight chartered air transport market are focusing on the use of blockchain technology to improve logistics in multiple sectors. Blockchain is a shared, immutable ledger that facilitates the process of recording transactions and tracking assets in a business network. For example, in September 2020, AirAsia, a Malaysia based multinational airline, launched its blockchain-based air cargo network, Freightchain, to help uncover all available cargo network connections operated by airlines and then facilitate bookings in real-time via bids that are verified instantly on the blockchain. North America was the largest region in the freight chartered air transport services market in 2022. Asia-Pacific was the second largest region in the global freight chartered air transport services market. The regions covered in the global freight chartered air transport services 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, the UK, and the USA. The freight chartered air transport market includes revenues earned by entities by ensuring that their cargo has exclusive use of the entire sailing or flight, with guaranteed security and departure/arrival times. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The freight chartered air transport services market research report is one of a series of new reports from The Business Research Company that provides freight chartered air transport services market statistics, including freight chartered air transport services industry global market size, regional shares, competitors with a freight chartered air transport services market share, detailed freight chartered air transport services market segments, market trends and opportunities, and any further data you may need to thrive in the freight chartered air transport services industry. This freight chartered air transport services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Air cargo services are a mode of transportation that uses aircraft, such as planes and helicopters, to provide contract air transportation of cargo and mail over fixed international routes due to their ability to supply consumers all over the world with high-quality goods at reasonable prices. The main types in the air cargo services market are air mail and air freight. Airfreight involves the transportation of cargo and mail through an air carrier. The 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 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, Other End Users 4) By Service: Express, Regular The global air cargo services market size grew from $61.73 billion in 2022 to $65.5 billion in 2023 at a compound annual growth rate (CAGR) of 6.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The air cargo services market is expected to grow to $81.29 billion in 2027 at a CAGR of 5.5%. Air cargo companies are increasingly using block chain technology to improve efficiency, minimise 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 standardised 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 $400 million a year for the air cargo industry. Major companies in the air cargo 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 cargo services market in 2022. North America was the second largest region in the air cargo services market. The regions covered in the air cargo services market analysis are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the air cargo 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 air cargo services market includes revenues earned by entities by transporting goods and couriers at high speeds to enhance less time-consuming delivery without the need for warehouse and storage facilities. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The air cargo services market research report is one of a series of new reports from The Business Research Company that provides air cargo services market statistics, including air cargo transport services industry, global air cargo services market size, regional shares, competitors with an air cargo transport services market share, detailed air cargo transport services market segments, market trends and opportunities, and any further data you may need to thrive in the air cargo transport services industry. This air cargo transport services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.