Domestic Aviation Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033 |Singapore Airlines Ltd., Air New Zealand Limited, Queensland and Northern Territory Aerial Services Ltd. (Qantas), Qatar Airways, Virgin Australia Internatio

As per the report, the domestic aviation market size has grown steadily in recent years. It will grow from $961.96 billion in 2023 to $995.08 billion in 2024 at a compound annual growth rate (CAGR) of 3.4%. The domestic aviation market size is expected to see steady growth in the next few years. It will grow to $1160.69 billion in 2028 at a compound annual growth rate (CAGR) of 3.9%.

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Booming Tourism Fuels Soaring Growth In The Domestic Aviation Sector
The increasing tourism industry is expected to boost the growth of the domestic aviation market going forward. The tourism sector also referred to as the travel sector, is associated with the idea of people traveling to other places, domestically or abroad, for leisure, social, or business reasons. After COVID-19 restrictions, tourists are free to move from one destination to another and hence, the frequency of taking flights has drastically increased. For instance, in June 2022, according to the report published by the World Tourism Organization, a Spain-based United Nations agency responsible for the promotion of responsible, sustainable, and universally accessible tourism reported in Q1 2022, international travel increased by 182% year over year, with 117 million visitors arriving in other countries compared to forty-one million in Q1 2021. Therefore, the increasing tourism industry is driving the domestic aviation market.

Elevation Of Aircraft Capabilities With Advanced Technology Integration In Domestic Aviation
Technological advancement is a key trend in gaining popularity in the domestic aviation market. Major companies operating in the domestic aviation market are focused on developing technological solutions to strengthen their position in the market. For instance, in February 2022, Garmin Limited, a US-based company delivering innovative GPS-enabled technology featured an expanded engine monitoring capability that is now available for select Pilatus PC-12/47 and PC-12/45 aircraft with the addition of the TXi Engine Indication System display. Additionally, Garmin has also received Federal Aviation Administration (FAA) Supplemental Type Certification (STC) for the GFC 600 autopilot in Pilatus PC-12/47 aircraft. With this installation, the system now offers additional operational features and capabilities, such as autopilot-coupled VNAV descents, fully coupled missed approaches, and Smart GlideTM safety technology, which can automatically engage the autopilot and pitch for the aircraft's best glide speed while guiding the aircraft within range of the chosen airport so the pilot can execute an approach and landing in the event of an engine failure.

The domestic aviation market covered in this report is segmented -

1) By Type: Commercial Aircrafts, Other Types
2) By Engine Type: Turbofan, Turboprop, Turboshaft
3) By End-User: Government, Commercial, Private

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Major companies operating in the domestic aviation market report are Singapore Airlines Ltd., Air New Zealand Limited, Queensland and Northern Territory Aerial Services Ltd. (Qantas), Qatar Airways, Virgin Australia International Airlines Pty. Ltd., The Emirates Group, All Nippon Airways, EVA Airways Corporation, American Airlines, SpiceJet Ltd., The Boeing Company, Airbus SE, Lockheed Martin Corporation, Textron Inc., Embraer S.A., United Airlines Holdings Inc., Delta Air Lines Inc., Southwest Airlines Co., Air India Limited, LATAM Airlines Brasil, Gol Linhas Aéreas Inteligentes S.A, Azul Systems Inc., Air China Limited, Hainan Airlines Holding Co. Ltd., Spring Airlines Co. Ltd., Juneyao Air, Shenzhen Airlines Co. Ltd., Xiamen Airlines Co. Ltd., Lucky Air Co. Ltd., Tianjin Airlines Company Limited, Beijing Capital Airlines Co. Ltd.

Contents of the report:
1. Executive Summary
2. Domestic Aviation Market Report Structure
3. Domestic Aviation Market Trends And Strategies
4. Domestic Aviation Market - Macro Economic Scenario
5. Domestic Aviation Market Size And Growth
…..
27. Domestic Aviation Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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