Overview and Scope
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.
Sizing and Forecast
The chartered air transport market size has grown strongly in recent years. It will grow from $87.99 billion in 2023 to $95.66 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. 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 $131.14 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%. 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 efficienc, flexible booking and pricing models, integration of supersonic jets, partnerships and alliances in the industry.
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Segmentation & Regional Insights
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 Corportations
Top 5 Major Players:
- Lufthansa Private Jet,
- Emirates,
- Air Canada,
- Cathay Pacific Airways Ltd.,
- Atlas Air Worldwide Holdings
North America was the largest region in the chartered air transport services market in 2023. Asia-Pacific was the second largest region in the chartered air transport market. The regions covered in the chartered air transport market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
Technology is expected to be a continued driver of the chartered air transportation services 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 efficiencies 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 transportation services market going forward.
Key Industry Players
Major companies operating in the chartered air transport market report are Lufthansa Private Jet, Emirates, Air Canada, Cathay Pacific Airways Ltd., Atlas Air Worldwide Holdings, NetJets Inc., Allegiant Travel Company, 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, TUI Airways 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
The chartered air transport market report table of contents includes:
1. Executive Summary
2. Chartered Air Transport Market Characteristics
3. Chartered Air Transport Product/Service Analysis -Product/Service Examples
4. Chartered Air Transport Market Trends And Strategies
5. Chartered Air Transport Market – Macro Economic Scenario
…..
68. Global Chartered Air Transport Market Competitive Benchmarking
69. Global Chartered Air Transport Market Competitive Dashboard
70. Key Mergers And Acquisitions In The Chartered Air Transport Market
71. Chartered Air Transport Market Future Outlook and Potential Analysis
72. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Chartered Air Transport Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Chartered Air Transport Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Chartered Air Transport Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
….
Table 144: Lufthansa Private Jet Financial Performance
Table 145: Emirates Financial Performance
Table 146: Air Canada Financial Performance
Table 147: Cathay Pacific Airways Ltd. Financial Performance
Table 148: Atlas Air Worldwide Holdings Financial Performance
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