PUBLISHER: The Business Research Company | PRODUCT CODE: 1672556
PUBLISHER: The Business Research Company | PRODUCT CODE: 1672556
Passenger air transport services encompass a mode of transportation utilizing aircraft, including planes and helicopters, to offer air transportation for passengers. This includes both scheduled and non-scheduled air carriers, aiming to facilitate efficient and secure travel, as well as being instrumental in emergency operations.
The primary categories within the passenger air transport market are domestic air passengers and international air passengers. Domestic air passenger services cater to passengers traveling within the same country via air transport. The market segmentation is further distinguished by class, with options such as business class and economy class, and by end-use, encompassing both private and commercial passenger services.
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 market size, regional shares, competitors with a passenger air transports market share, detailed passenger air transport services market segments, 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.
The passenger air transport market size has grown strongly in recent years. It will grow from $939.68 billion in 2024 to $1006.17 billion in 2025 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to the increased demand for air travel, the increased demand for customized tours for groups of travelers and the growing number of airport expansion projects.
The passenger air transport market size is expected to see strong growth in the next few years. It will grow to $1256.72 billion in 2029 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to government support, the increase in global tourism, the rising urbanization and the rising use of analytics in the aviation industry will drive the market growth. Major trends in the forecast period include use of artificial intelligence, focus on cloud-based technology, technology advancement, use of biometric technology, product innovations and collaborations and acquisitions.
The growth of global tourism is anticipated to drive the expansion of the passenger air transport market during the forecast period. Global tourism represents one of the largest movements of goods, services, and people, serving as a significant catalyst for economic growth and socio-political change. For example, in June 2022, the National Statistics, a UK-based government agency, reported that the UK welcomed 3.0 million overseas visitors, while UK residents took 7.8 million trips abroad. The spending amounted to £2.7 billion from international visitors and £6.2 billion from UK travelers. Thus, the increase in global tourism is propelling the growth of the passenger air transport market.
The growth of the passenger air transport market is also expected to be propelled by the increasing number of passengers opting for air travel. Air passengers encompass individuals utilizing commercial airlines or private aircraft for various travel purposes. Essential for facilitating swift and efficient long-distance travel, passenger air transport plays a pivotal role in promoting global tourism and fostering connectivity among different regions and nations. Notably, statistics from the Bureau of Transportation Statistics revealed a 30% increase in the number of passengers carried by American airlines, rising from 658 million in 2021 to 853 million in 2022. Consequently, the upward trend in air travel is a key driver for the growth of the passenger air transport market.
Major companies in the passenger air transport market are increasingly focused on launching passenger airlines to enhance their competitive advantage. A passenger airline is an organization that provides air transportation services, enabling individuals to travel by air between different locations. For example, in October 2024, Qatar Airways, a Qatar-based airline, introduced the world's first Boeing 777 equipped with Starlink technology to improve in-flight connectivity. The inaugural flight occurred on October 22, 2024, from Doha to London, offering passengers complimentary high-speed, low-latency internet access, allowing for seamless streaming, gaming, and work during the flight. The airline plans to retrofit 12 additional Boeing 777-300ERs with Starlink by the end of 2024 and aims to extend this service to its entire Boeing 777 fleet by 2025, with the Airbus A350 fleet to follow.
Major players in the passenger air transport market are strategically focusing on introducing passenger airlines to gain a competitive advantage. A passenger airline, which provides air transportation services for individuals, serves as a crucial element for air passengers seeking travel options between different locations. For example, in April 2022, KF Cargo, a Canada-based air charter company, launched its own passenger airline named Aeroflyer. Targeting the leisure, tourism, and workforce transportation sectors, Aeroflyer offers charter travel services for both domestic and international routes, utilizing a fleet of B737NG aircraft, initially incorporating two B737-600s for charter flights domestically and abroad.
Major companies operating in the passenger air transport market include American Airlines Group Inc., Delta Air Lines, Inc., United Airlines Holdings, Inc., Lufthansa Group, Air France-KLM, WestJet, TAL Aviation Group, Egyptair, LATAM Airlines, Air Transat, Sunwing, Allegiant Air, easyJet, Controladora Vuela Compania de Aviacion SAB de CV, South African Airways, China Airlines, The Emirates Group, Red Sea Airlines, Avianca Group International Limited, Emirates Airline, Ryanair DAC, Kenya Airways, United Nigeria Airlines Company Limited, Turkish Airlines, Qatar Airways Company Q.C.S.C., Japan Airlines Co Ltd, ABC Aerolineas SA de CV, El Al Israel Airlines Ltd, Air Canada, Linea Aerea Amaszonas, AirAsia, TAROM SA, Austrian Airlines AG, Jazz, Aerolineas Argentinas, Ikar Airlines LLC, Norwegian Air Shuttle ASA, Boliviana de Aviacion, Azul Linhas Aereas Brasileiras S/A, British Airways Ltd, Grupo Aeromexico SAB de CV, Oman Air, Riyadh Air, FB Lineas Aereas SA, Hawaiian Airlines, Southwest Airlines Company, Gol Linhas Aereas Inteligentes SA, Saudia, Red Wings Airlines, Etihad Airways, Singapore Airlines Ltd., Flydubai, Swiss International Air Lines AG, LOT Polish Airlines, Ethiopian Airlines, RwandAir Limited
Asia-Pacific was the largest region in the passenger air services transport market in 2024. North America was the second largest region in the passenger air transport services market. The regions covered in the passenger air transport market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the passenger air transport market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa
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.
Passenger Air Transport Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on passenger air transport market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for passenger air transport ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The passenger air transport market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.