The chartered air transport market size has grown strongly in recent years. It will grow from $97.81 billion in 2024 to $106.9 billion in 2025 at a compound annual growth rate (CAGR) of 9.3%. The growth in the historic period can be attributed to corporate travel demand, luxury travel and tourism, emergency and medical evacuations, military and government contracts, remote access and exploration.
The chartered air transport market size is expected to see strong growth in the next few years. It will grow to $145.83 billion in 2029 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to private aviation membership programs, flexible travel schedules, destination events, security and privacy concerns, personalized in-flight services. Major trends in the forecast period include ultra-long-range business jets, technology integration for efficiency, flexible booking and pricing models, integration of supersonic jets, partnerships and alliances in the industry.
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Which major factors have contributed to the expansion of the chartered air transport market?
Technology is expected to be a continued driver of the chartered air transport market’s growth during the forecast period. Sectors such as transportation services will benefit from the greater efficiencies offered by technological advances. Technologies such as aircraft telematics relay engine information via satellite to manufacturers and maintenance teams on the ground to minimize time on the tarmac, reducing flight turnaround times and increasing the efficiencies of airlines. Several technologies such as big data, machine learning, and predictive analytics are also being used to increase efficiency and align business strategies. Big data uses a combination of real-time information, historical trends, and clever algorithms to translate car speeds, weather conditions, and sources of acceleration and deceleration for road operators. Adoption of technology will drive the chartered air transport market going forward.
How is the chartered air transport market segmented?
The chartered air transport market covered in this report is segmented –
1) By Type: Passenger Chartered Air Transport, Freight Chartered Air Transport, Other Chartered Air Transport
2) By Application: Private Charter, Affinity, Single Entity, Public Charter
3) By End Use: Wealthy Individuals, Sports Teams, Large Corporations
Subsegments:
1) By Passenger Chartered Air Transport: Business Charters, Leisure Charters, Medical Evacuation Charters
2) By Freight Chartered Air Transport: Air Cargo Services, Express Freight Services, Specialized Freight Services
3) By Other Chartered Air Transport: Helicopter Charters, Air Ambulance Services, Government And Military Charters
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Who are the top competitors in the chartered air transport market?
Major companies operating in the chartered air transport market include Lufthansa Private Jet, Emirates, Air Canada, Cathay Pacific Airways Ltd., Atlas Air Worldwide Holdings, NetJets Inc., Garuda Indonesia, Air Transport Services Group, FLEXJET LLC, Thai Airways International Public Co. Ltd., Jet Aviation Inc., Sentient Jet, Solairus Aviation, Gama Aviation, Jet Linx Aviation, Executive Jet Management Inc., Jet edge International, Air Partner Plc, Silver Air Private Jets, Fly Victor Limited, JetSuite Inc., Global Jet, Star Jets International, Stratos Jet Charters, Air Charter Service, Delta Private Jets Inc., PrivateFly, Qatar Executive, Swiss International Air Lines, United Airlines Inc., VistaJet, XOJET Aviation
Which key trends are expected to influence the chartered air transport market in the coming years?
Airlines are actively making use of wearable technology to enhance operational efficiency, maintenance, and to provide add-on entertainment to passengers. Wearable technology includes the use of smartphones, personal electronic devices, smart glasses, smartwatches, near-field communication (NFC), and Bluetooth technology to improve and simplify the passenger experience. These technologies help passengers improve safety and efficiency, and receive updates and information related to their flight. They are capable of helping pilots, crew members, and maintenance teams monitor gas concentrations, levels of noise, and temperature to avoid mishaps. Smartwatches allow passengers to upload their ticket-related information on these devices. About 77% of the 6,000-plus passengers surveyed in a study said they would be comfortable with the use of wearable technology to help them during their journey. Some companies making use of such wearable technologies include Virgin Atlantic, Japan Airlines, EasyJet, and British Airways.
Which regional trends are influencing the chartered air transport market, and which area dominates the industry?
The countries covered in the chartered 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.
What Does The Chartered Air Transport Market Report 2025 Offer?
The chartered air transport market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Chartered air transport is a mode of transportation that uses aircraft, such as planes and helicopters, to provide chartered (non-scheduled) air transportation services for passengers and/or cargo for a fee per mile or hour for the charter of the aircraft, which includes renting an aircraft for a tour.
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