Chartered Air Transport Market Trends, Top Companies, Share, Growth And Forecast 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Chartered Air Transport Global Market Report 2023 identifies technology as the major driver for the chartered air transport market's growth in 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 minimise 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.

The global chartered air transport market grew from $79.16 billion in 2022 to $85.9 billion in 2023 at a compound annual growth rate (CAGR) of 8.5%. 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 chartered air transport market is expected to grow to $115.78 billion in 2027 at a CAGR of 7.7%.

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Major competitors in the chartered air transport market are Atlas Air Worldwide Holdings, TUI Airways, NetJets, Garuda Indonesia, Air Transport Services Group, Jet edge International, Air Partner, Gama Aviation.

A key trend in the chartered air transport market includes wearable technology. Wearable technology includes the use of smartphones, personal electronic devices, smart glasses, smartwatches, near-field communication (NFC), and Bluetooth technology to improve and simplify the passenger experience. These technologies help passengers improve safety and efficiency, and receive updates and information related to their flight. They are capable of helping pilots, crew members, and maintenance teams monitor gas concentrations, levels of noise, and temperature to avoid mishaps. Smartwatches allow passengers to upload their ticket-related information on these devices.

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The chartered air transport market is segmented -
• By Type: Passenger Chartered Air Transport, Freight Chartered Air Transport, Other Chartered Air Transport

• By Application: Private Charter, Affinity, Single Entity, Public Charter

• By End Use: Wealthy Individuals, Sports Teams, Large Corportations

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the chartered air transport market.

The Business Research Company's "Global Chartered Air Transport Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Chartered Air Transport Market Include:
1. Executive Summary
2. Report Structure
3. Chartered Air Transport Market Characteristics
4. Chartered Air Transport Market Product Analysis
5. Chartered Air Transport Market Supply Chain

……
21. Key Mergers And Acquisitions In The Chartered Air Transport Market
22. Market Background: Air Transportation Market
23. Recommendations
24. Appendix
25. Copyright And Disclaimer

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