Air Transportation Market is Expected to Grow at a CAGR of over 2.80% | During 2022-2028 | Vantage Market Research

Air Transportation Market by Product Types (Airplane Air Transportation, Helicopter Air Transportation) by End User/Application (Passenger Air Transportation, Cargo Air Transportation, Others), by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa): Global Market Assessment, 2021 - 2028

According to Vantage market research the Global Air Transportation market was valued at USD 125.9 Billion in 2020 and is projected to reach USD 334.5 Billion by 2028, growing at a CAGR of 2.80% from 2021 to 2028.

Key Findings and Insights from the report:

• The report presents the estimated CAGR of 2.80% size of the Air Transportation Market at the end of the forecast period.
• The Global Air Transportation market is predicted to reach a value of USD 334.5 Billion by 2028.
• The report includes an overview of the market, the financial performance of key players its segmentation, its geographical scope.
• The report provides a detailed evaluation of the market by highlighting information on various aspects which include restraints, drivers, opportunities, and threats.
• Insight also covers the price, production, share, and growth rate of these top manufacturers and examines the competitive scenario for a better understanding of the market synopsis.

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The air transport industry is regarded as a huge international industry due to the demand for air transport of both passengers and goods, leading to the construction of new airports around the world. Air travel is a form of travel in vehicles such as airplanes, jet aircraft, helicopters, or anything else that can sustain flight. The use of air transport has increased greatly in recent years around the world as modern air travel is safer and faster than road travel.

Market Segmentation:

By Product Type:

• Airplane Air Transportation
• Helicopter Air Transportation

By Application:

• Passenger Air Transportation
• Cargo Air Transportation
• Others

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COVID-19 Impact Analysis of Air Transportation Market:

When the Covid-19 pandemic began in China last year, it sent shock waves to countries around the world. And as the number of cases continued to rise, it forced governments around the world to take serious action such as border seals, lockdowns and enforce strict social distancing measures to avert imminent catastrophe. These actions had a dramatic effect on the economy, as industrialists around the world were forced to halt their production, leading to supply chain disruptions and the loss of various industries. Thus, a fall in the global markets.

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The Air Transportation market regional level analysis:

• Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
• Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
• North America (United States, Canada and Mexico)
• Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
• South America (Brazil, Argentina, Colombia, and Rest of South America)

List of Leading Players in the Global Air Transportation Market:

• Delta Air Lines
• Singapore Airlines Cargo
• Lufthansa Group
• United Continental Holdings
• Emirates
• British Airways
• Cathay Pacific Airlines
• China Airlines
• American Airlines Group
• DHL Aviation
• UPS Airlines
• FedEx
• Korean Air Cargo

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Reason for buying this Air Transportation market Report:

• The report highlights the macroeconomic forces that are affecting the strategies and policies in the market.
• Report provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
• It provides a six-year forecast assessed on the basis of how the market is predicted to grow
• The report provides market leading players with facts and insights on the Air Transportation market.
• It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of industry segments.
• Disruption and uncertainties in the industry are studied in the report.
• It provides the key product segments and their future.
• The report identifies bottlenecks and problems associated with businesses operating in the Air Transportation market and provides possible solutions to those problems.

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