What is Passenger Air Transportation Market?
Passenger air transportation refers to the commercial movement of individuals from one location to another using aircraft. It is a vital sector within the broader transportation industry, focusing on the conveyance of passengers, their baggage, and sometimes cargo, through air travel. This mode of transportation allows people to travel quickly and efficiently over long distances, often faster than other conventional means of transportation such as trains, buses, or cars. Travel agencies facilitate bookings and assist passengers in planning their trips, often collaborating with airlines and other entities to offer comprehensive travel packages. Booking systems, whether operated by airlines or third-party platforms, enable passengers to reserve flights and manage their travel plans conveniently. Ground services involve a range of activities such as baggage handling, catering, fueling, maintenance, and ground transportation coordination, ensuring a smooth and safe travel experience for passengers. Regulatory bodies play a vital role in overseeing and governing the industry, setting standards for safety, security, environmental regulations, and other aspects to ensure the well-being of passengers and the industry's overall sustainability.
Highlights from Passenger Air Transportation Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Delta Air Lines, Inc.(United States), American Airlines Group Inc.(United States), Southwest Airlines Co.(United States), United Airlines Holdings, Inc.(United States), Lufthansa Group (Germany), International Airlines Group (IAG) (United Kingdom), Air China Limited (China), China Southern Airlines Co. Ltd. (China), Qantas Airways Limited (Australia) and Emirates Group (United Arab Emirates) |
Competition among existing players is due to the stiff market share occupied by leading players. The industry leader is engaged in offering innovative and superior-quality products to cater to the ever-growing demand for Passenger Air Transportation. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Research Analyst at AMA predicts that Global Manufacturers will contribute to the maximum growth of Global Passenger Air Transportation market throughout the forecasted period.
Delta Air Lines, Inc.(United States), American Airlines Group Inc.(United States), Southwest Airlines Co.(United States), United Airlines Holdings, Inc.(United States), Lufthansa Group (Germany), International Airlines Group (IAG) (United Kingdom), Air China Limited (China), China Southern Airlines Co. Ltd. (China), Qantas Airways Limited (Australia) and Emirates Group (United Arab Emirates) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Singapore Airlines Limited (Singapore), Cathay Pacific Airways Limited (Hong Kong), ANA Holdings Inc. (Japan), Qatar Airways Group (Qatar), Turkish Airlines (Turkey), Air France-KLM Group (France), Alaska Air Group, Inc.(United States), JetBlue Airways Corporation(United States), Etihad Airways (United Arab Emirates), SAS Group (Sweden), Korean Air (South Korea), Garuda Indonesia (Indonesia), Air Canada (Canada), Ryanair Holdings plc (Ireland), Hawaiian Holdings, Inc. (United States) and Others. Passenger Air Transportation Market Segmentation:
Scope | Sub-Segments |
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Type | Domestic and International |
Customer Class | Economy Class,Business Class,First Class |
Booking Channel | Online,Offline |
Aircraft Type | Narrow-body Aircraft,Wide-body Aircraft,Regional Jets,Turboprop Aircraft |
End-User | Leisure Travelers,Business Travelers,Government and Military |
On the basis of geography, the market of Passenger Air Transportation 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Trend Ticket Offering Through Online and Offline Channel, Surging Tourism in Developing Economies, Offering Comfort and High-Quality Service and Modern and Highly Security on Airport
Market Growth Drivers:
Availability of Most Efficient Technology and Techniques in Airlines Industry, Rise in disposable income in Emerging Economies, Increasing Number of Airports in Both Developed and Developing Economies and Modernization of Air Traffic Management Infrastructure
Challenges:
High Risk of Hijacking and Lack of Proper Connectivity in Underdeveloped Nations
Restraints:
Rising Costs and Price Competition and Increasing Prices of Fuel
Opportunities:
Rising Public-Private Partnerships and Advances in Communication Technology and Application of Satellite-Based Air Traffic Control
Key Target Audience
Passenger Air Transportation Service Providers, Sales Companies, Technology Providers, Government Organisation and Others