Passenger Air Transport Market Technology, Scope, Assessment, Capacity, Current Status And Forecast 2023-2032|The Emirates Group, American Airlines Group Inc., Delta Air Lines Inc., United Airlines Inc., China Southern Airlines

The Passenger Air Transport Global Market Report 2023 by The Business Research Company, provides passenger 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 Passenger Air Transport Global Market Report 2023, the market size is expected to grow from$573.6 billion in 2022 to $834.2 billion in 2023 at a compound annual growth rate (CAGR) of 45.4%. 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 passenger air transport market is expected to grow to $1053.34 billion in 2027 at a CAGR of 6.0%.

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The passenger air transport market is segmented:

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

2) By Class: Business Class, Economy Class

3) By End-Use: Private, Commercial

The use of analytics is rapidly growing in the aviation industry to capture critical insights from customer and operations data. It allows airlines to offer personalised services to their customers by using data analytics tools at every customer touchpoint. The growing use of analytics in the aviation industry is mainly a result of increasing competition between airlines. As a result, the commercial airline is looking to enhance customer satisfaction levels by analysing parameters such as ticket sales, passenger profile, and purchase history. For instance, Chicago-based United Airlines analyses 150 variables in a customer profile to offer a more personalised offer. Southwest Airlines, Delta Airlines, and United Airlines are major companies using analytics in the aviation industry.

The passenger air transport market report table of contents includes: