Passenger Air Transport Market Analysis 2023-2032: Market Size, Top Segments, Leading Region Forecast

As per The Business Research Company's Passenger Air Transport Opportunities And Strategies Market Report 2023, the global passenger air transport market reached $587,315.3 million in 2022, having declined at a compound annual growth rate (CAGR) of -2.4% since 2017. The market is expected to grow from $587,315.3 million in 2022 to $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.

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Companies in the passenger air transport market are focusing on using artificial intelligence (AI) to improve efficiencies. AI in aviation has the potential to increase urban air mobility, improve airline safety, automate flight scheduling and enable predictive maintenance of airplanes.

The top opportunities in the passenger air transport market by type will arise in the domestic air passengers' market, which will gain $355,105.4 million of global annual sales by 2027. The top opportunities in the passenger air transport market by class will arise in the economy class market, which will gain $344,795.3 million of global annual sales by 2027. The top opportunities in the passenger air transport market by end-use will arise in the commercial market, which will gain $429,951.2 million of global annual sales by 2027. The passenger air transport market size will gain the most in the USA at $105,518.2 million.

Passenger Air Transport Market Segmentation:
The passenger air transport market is segmented by type, by class, and by end use.
By Type -
a) Domestic Air Passengers
b) International Air Passengers
By Class-
a) Business Class
b) Economy Class
c) First Class
By End Use -
a) Private
b) Commercial

Major players in the passenger air transport market include American Airlines Group Inc, Delta Air Lines, Inc., United Airlines Holdings, Inc, Lufthansa Group, Air France-KLM.

The regions covered in the global passenger air transport market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The latest report from The Business Research Company, 'Global Passenger Air Transport Opportunities And Strategies Market Report - Forecast To 2032,' provides a comprehensive global perspective with data and statistics from 60+ geographies, analyzing 7000+ market segments. The regional and country breakdowns section offers insights into each geography's market analysis, size, historic and forecast growth, and key strategies for industry competitiveness.

Passenger Air Transport Market Report Table Of Content
1. Executive Summary
2. Table Of Contents
3. List Of Figures
4. List Of Tables
5. Report Structure
6. Introduction And Market Characteristics
……
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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