Freight Chartered Air Transport Market Essential Needs, Advantages, Rate Simplicity, Update And Forecast 2023-2032|Air Charter Service, Air Transport Services Group Inc., Stratos Jet Charters Inc., Cargo Air Chartering, Cathay Pacific Airways Ltd.

The Freight Chartered Air Transport Global Market Report 2023 by The Business Research Company, provides freight chartered air transport market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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According to The Business Research Company’s Freight Chartered Air Transport Global Market Report 2023, the 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.

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The 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 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.

The freight chartered air transport market report table of contents includes:

Executive Summary
Freight Chartered Air Transport Market Characteristics
Freight Chartered Air Transport Market Trends And Strategies
Freight Chartered Air Transpor Market – Macro Economic Scenario
Freight Chartered Air Transport Market Size And Growth

Middle East Freight Chartered Air Transport Market
Africa Freight Chartered Air Transport Market
Freight Chartered Air Transport Market Competitive Landscape And Company Profiles
Key Mergers And Acquisitions In The Freight Chartered Air Transport Market
Freight Chartered Air Transport Market Future Outlook and Potential Analysis

Top Major Players