Dublin, March 25, 2021 (GLOBE NEWSWIRE) -- The "Air Transport Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering.
Air Transport Global Market Report 2021: COVID-19 Impact and Recovery to 2030 provides the strategists, marketers and senior management with the critical information they need to assess the global air transport market as it emerges from the COVID-19 shut down.
The global air transport market is expected to grow from $571.52 billion in 2020 to $648.87 billion in 2021 at a compound annual growth rate (CAGR) of 13.5%.
The growth 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 market is expected to reach $832.79 billion in 2025 at a CAGR of 6%.
Major companies in the air transport services market include American Airlines Group; Delta Air Lines; United Continental Holdings; Lufthansa Group and FedEx.
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 air transportation market is segmented into passenger air transport; chartered air transport and air cargo services.
Asia Pacific was the largest region in the global air transport market, accounting for 32% of the market in 2020. North America was the second largest region accounting for 30% of the global air transport market. Africa was the smallest region in the global air transport market.
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 its customers by using data analytics tools at every customer touch point. 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 and 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, United Airlines.
Key Topics Covered:
1. Executive Summary
2. Report Structure
3. Air Transport Market Characteristics
3.1. Market Definition
3.2. Key Segmentations
4. Air Transport Market Product Analysis
4.1. Leading Products/ Services
4.2. Key Features and Differentiators
4.3. Development Products
5. Air Transport Market Supply Chain
5.1. Supply Chain
5.3. End Customers
6. Air Transport Market Customer Information
6.1. Customer Preferences
6.2. End Use Market Size and Growth
7. Air Transport Market Trends and Strategies
8. Impact of COVID-19 on Air Transport
9. Air Transport Market Size and Growth
9.1. Market Size
9.2. Historic Market Growth, Value ($ Billion)
9.2.1. Drivers of the Market
9.2.2. Restraints on the Market
9.3. Forecast Market Growth, Value ($ Billion)
9.3.1. Drivers of the Market
9.3.2. Restraints on the Market
10. Air Transport Market Regional Analysis
10.1. Global Air Transport Market, 2020, by Region, Value ($ Billion)
10.2. Global Air Transport Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Region
10.3. Global Air Transport Market, Growth and Market Share Comparison, by Region
11. Air Transport Market Segmentation
11.1. Global Air Transport Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
Passenger Air Transport
Chartered Air Transport
Air Cargo Services
11.2. Global Air Transport Market, Segmentation by Distance, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
12. Air Transport Market Segments
12.1. Global Passenger Air Transport Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) - Domestic Air Passengers; International Air Passengers
12.2. Global Chartered Air Transport Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) - Passenger Chartered Air Transport; Freight Chartered Air Transport; Others - Chartered Air Transportation
12.3. Global Air Cargo Services Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) - Air Mail; Air Freight
13. Air Transport Market Metrics
13.1. Air Transport Market Size, Percentage of GDP, 2015-2025, Global
13.2. Per Capita Average Air Transport Market Expenditure, 2015-2025, Global
American Airlines Group
Delta Air Lines
United Continental Holdings
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