Air Cargo Management Market Scope
Air Cargo Management provides a complete and integrated IT solution that encompasses all the physical handling, documentation and messaging in real-time. Air cargo is any property carried or to be carried in an aircraft. Air Cargo Management market is expected to grow in the future due to growth in population and outsourcing of manufacturing activities. Advancements in technology are driving innovations in the cargo management solutions market which include workforce management, integration of software for finance, and customer relationship management to meet end-to-end functioning. Additionally, rising demand from just-in-time manufacturers, who manufacture goods just before the loading of cargo onto the trucks, is another major growth factor for the air cargo market.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Cathay Pacific Services Ltd (China), UPS Airlines (United States), DHL Aviation (United Kingdom), Korean Air (South Korea), Lufthansa (Germany), China Airlines (Taiwan), Singapore Airlines (Singapore), Emirates SkyCargo (United Arab Emirates) and Cargolux ( Luxembourg) |
CAGR | % |
Research Analyst at AMA estimates that Global Manufacturers will contribute to the maximum growth of Global Air Cargo Management market throughout the predicted period.
Cathay Pacific Services Ltd (China), UPS Airlines (United States), DHL Aviation (United Kingdom), Korean Air (South Korea), Lufthansa (Germany), China Airlines (Taiwan), Singapore Airlines (Singapore), Emirates SkyCargo (United Arab Emirates) and Cargolux ( Luxembourg) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Air Cargo Management market by Type , by Application (Express Air Cargo and Regular Air Cargo) and Region with country level break-up.
On the basis of geography, the market of Air Cargo Management has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
On 2nd Jan 2018, UPS has announced it has ordered 14 Boeing 747-8 cargo jets and four new Boeing 767 aircraft to provide additional capacity in response to accelerating demand for the company’s air services. All of the new aircraft will be added to the existing fleet and no existing aircraft are being replaced.
Influencing Trend:
Advancements in Technology Associated with Air Cargo Management
Market Growth Drivers:
Growth in Population and Outsourcing of Manufacturing Activities and High Adoption Due to Rising Air Cargo Volumes
Challenges:
Increasing Maintenance Costs and High Set-up Costs along with Strong Infrastructure
Restraints:
Need for Safety and Security of Shipments
Opportunities:
High Growth in Developing Countries and Integration of Big Data Analytics Solutions in Management Solutions
Key Target Audience
Air Cargo Management Provider, Air Cargo Management Solution Provider, End-User Industries, Research and Development Firm and Potential Invetsors