Expansion of low-cost carriers strengthens the business case for affordable air travel

Global Air Travel Market

DUBLIN, July 11, 2024 (GLOBE NEWSWIRE) — “Air Travel – Global Strategic Business Report” ResearchAndMarkets.com Recruitment.

The global air travel market is estimated at 3.4 billion subscribers in 2023 and is projected to reach 4.2 billion subscribers by 2030, growing at a CAGR of 3.2% from 2023 to 2030. This comprehensive report provides a detailed analysis of market trends, drivers, and forecasts to help make informed business decisions.

The growth of the air travel market is driven by several factors, including the expansion of the global middle class, the rise of tourism, and advancements in aircraft technology. Rising disposable income in emerging economies has made air travel affordable for more people, increasing the demand for both domestic and international flights. The growth of the tourism industry is also a major driver, as more people travel for leisure and business purposes. Technological advancements have produced more efficient, longer-range aircraft, allowing airlines to offer more direct routes and reduce operating costs.

Additionally, the liberalization of air transport policies and the formation of strategic airline alliances have led to an expansion of route networks and improved connectivity. Continued investments in airport infrastructure and the development of smart airports equipped with advanced technologies for passenger and baggage handling are further supporting the robust expansion of the air travel market. Collectively, these factors are contributing to a dynamic and rapidly evolving industry that is expected to experience sustained growth in the coming years.

Gain insights into the US market, estimated to reach 917.3 million subscribers in 2023, and the Chinese market, projected to grow at a staggering CAGR of 5.3% to reach 835.4 million subscribers by 2030. Explore growth trends in other key regions including Japan, Canada, Germany, and Asia Pacific.

Answers to your main questions:

• How do you expect the global air travel market to evolve by 2030?

• What are the key drivers and restraints impacting the market?

• Which market segment will witness the highest growth during the forecast period?

• How will the market shares of different regions and segments change by 2030?

• Who are the key players in the market and what are their prospects?

Report highlights:

• Comprehensive market data: Independent analysis of annual revenue and market forecasts (in USD millions) from 2023 to 2030.

• Detailed regional analysis: In-depth analysis of key markets including the United States, China, Japan, Canada, Europe, Asia Pacific, Latin America, Middle East and Africa.

• Company Profiles: Features major companies such as Air China Limited, Air France-KLM, and Air New Zealand Limited.

• Free Updates: Receive free report updates for one year to stay up to date with the latest market trends.

The story continues

Select a Featured Athlete:

• Air China

• Air France-KLM

• Air New Zealand

• All Nippon Airways Co., Ltd.

• American Airlines

• Cathay Pasific Airlines

• China Eastern Airlines Co., Ltd.

• China Southern Airlines Co., Ltd.

• Delta Airlines

• Lufthansa

• EVA Airways Co., Ltd.

• Japan Airlines Co., Ltd.

• Qantas

• Qatar Airways QCSC

• Ryanair DAC

• Singapore Airlines

• Southwest Airlines

• Emirates Group

• Turkish Airlines

• United Airlines

• Virgin Australia

Key attributes:

Key topics:

1. Market Overview

• Influencer Market Insights

• Global Market Trajectory

• Latest News from the World Economy

• Air Travel – Market Share of Major Global Competitors by 2024

• Competitive Market Presence – Strong/Active/Niche/Trivial for Global Players in 2024

2. Pay attention to the players selected

3. Market Trends and Drivers

• Increasing passenger numbers drive growth in global air travel market

• Expansion of low-cost carriers strengthens the business case for affordable air travel

• Advances in aircraft technology will lead to more fuel-efficient and environmentally friendly aircraft

• Rising disposable income in emerging markets creates greater air travel opportunities

• Increase in business travel drives demand for improved in-flight services and connectivity

• Strict aviation safety regulations drive investment in advanced safety systems

• Development of smart airports will drive demand for efficient passenger handling technologies

• The integration of biometrics in air travel strengthens the business case for a seamless travel experience

• Rising environmental awareness drives adoption of sustainable aviation practices

• Innovations in Aircraft Cabin Design Drive Growth of Passenger Comfort Solutions

• Expanding airline alliances and partnerships create market expansion opportunities

• Tourism growth is supporting demand for international and domestic air travel

• Increasing adoption of digital platforms will improve efficiency in airline operations and passenger services

• Increased investment in regional and long-haul routes expands addressable market opportunity

4. Global Market Outlook

• Recent past, present, and future analysis of global air travel by geographic region – U.S., Canada, Japan, China, Europe, Asia Pacific, Latin America, Middle East, and Africa markets – Independent analysis of annual revenue (in thousands of subscribers) and % CAGR from 2023 to 2030

• Global History of Air Travel Review – US, Canada, Japan, China, Europe, Asia Pacific, Latin America, Middle East and Africa Markets – Independent Analysis of Annual Revenue (in Thousands of Subscribers) and CAGR (%) from 2014 to 2022

• 16-Year Regional Outlook of Global Air Travel – Breakdown of revenue for the U.S., Canada, Japan, China, Europe, Asia Pacific, Latin America, Middle East and Africa markets for 2014, 2024 and 2030

• Analysis of annual revenue (in thousands of subscribers) for the global air travel market from 2014 to 2030

For more information on this report, please visit: https://www.researchandmarkets.com/r/q9iziz

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