Passenger Air Transport Market Growth, Demand, Key Drivers, Forecast To 2032

The Business Research Company’s Passenger Air Transport Global Market Report 2023is the most detailed report available on the market, including broad forecast periods and multiple geographies. The reportcovers the historic period – 2010-2021, and the forecast period – 2023-2032. The Passenger Air Transport Global Market Report 2023evaluates passenger air transport market size, growth rate, drivers, trends, and major companies.

The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The global passenger air transport market is expected to grow from$1,065,714.8 million in 2027 at a rate of 12.7%. The market is then expected to grow at a CAGR of 6.6% from 2027 and reach $1,466,458.0 million in 2032.

Government support is expected to drive the growth of the passenger air transport market going forward. The governments of various countries are supporting the aviation industry and passenger air transport services to enable the faster and safe travelling of passengers. For example, in May 2023, the US government launched the Next Generation Air Transportation System (NextGen), a multibillion-dollar effort to improve the United States National Airspace System (NAS). NextGen is widely regarded as one of the most audacious infrastructure initiatives in American history, with the objective of enhancing the security, effectiveness, capability, reliability and durability of American aviation. Further, in February 2023, the Federal Aviation Administration (FAA) allocated over $1 billion in funding from President Biden’s Bipartisan Infrastructure Act to 99 airports around the country. The financing helps satisfy the increased demand for air travel by investing in crucial areas such as new baggage systems, expanded security checkpoints and enhanced ground transportation to assist travelers to get inside and out of airports quicker and improve the customer experience. Therefore, the increasing government support will support the aviation industry thereby supporting the growth of the passenger air transport market.

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The passenger air transport market segments in the report are:

1) By Type: Domestic Air Passengers; International Air Passengers

2) By Class: Business Class, Economy Class; First Class

3) By End-Use: Private; Commercial

Top Major Players:
American Airlines Group Inc
Delta Air Lines, Inc.
United Airlines Holdings, Inc
Lufthansa Group
Air France–KLM

Asia Pacific was the largest region in the passenger air transport market.

The table of contents in TBRC’s passenger air transport market report includes:

1. Executive Summary
2. Table Of Contents
3. List Of Figures
4. List Of Tables
5. Report Structure
………………………………………………………
24. Key Mergers And Acquisitions
25. Market Background: Air Transport Market Characteristics
26. Opportunities And Strategies
27. Passenger Air Transport Market, Conclusions And Recommendations
28. Appendix

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