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Global Passenger Chartered Air Transport Market Report 2025: Robust Growth Driven by Luxury Travel, Corporate Events & Increased Awareness
Passenger Chartered Air Transport Market Size
What Is The Projected Market Size of The Global Passenger Chartered Air Transport Market and Its Growth Rate?
• It is expected to grow from $59.53 billion in 2024 to $64.33 billion in 2025 at a CAGR of 8.1%.
• Growth in the historic period is attributed to corporate travel demand, luxury and premium travel, event and entertainment industry, time efficiency, flexibility, group travel, and special occasions.
• Expected to see strong growth to $82.43 billion in 2029 at a CAGR of 6.4%.
• Growth in the forecast period can be attributed to corporate events and incentive travel, personalized travel experiences, rise of high-net-worth individuals, increased awareness and marketing, global events, and expositions.
What Is Driving The Growth in The Passenger Chartered Air Transport Market?
The increasing preference for private charters by ultra-high net-worth individuals (UHNWI) is positively influencing the global passenger-chartered air transport market. Most UHNWIs prefer private charters rather than owning jets. In the Asia-Pacific region, Australia leads the market with 57 charter jets for 27 billionaires, followed by Singapore having 30 charter jets for 28 billionaires. The prevalence of COVID-19 propelled the market's growth as travelers had to maintain social distance and UHNWIs started looking for safe and customized travel options. This group preference for private charters largely contributed to the growth of the passenger-chartered air transport market.
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Who Are the Key Players Driving Passenger Chartered Air Transport Market Growth?
• Air Partner Plc
• Delta Private Jets Inc.
• Jet Aviation AG
• NetJets Aviation Inc
• Flexjet LLC
• Clay Lacy Aviation
• Wheels Up Experience Inc.
• VistaJet Group Holding Ltd
• Luxaviation Group
• Travel Management Company Jets
• Asia Jet Partners Ltd.
• Solairus Aviation
• XO Global LLC
• TAG Aviation
• FlyExclusive
• Jet Linx Aviation
• Gama Aviation Plc
• Executive Jet Management
• Air Charter Service Group Ltd.
• Contour Aviation
• GlobeAir AG
• PrivateFly
• ASIAN SKY GROUP
• Deer Jet Co Ltd
• Líder Aviation
• ZYB LILY JET
• Swift Air LLC
• JetSuite
• SmartJets LLC
• Fly Victor
• Jettly Inc.
What Are The Key Trends In The Passenger Chartered Air Transport Market?
• Corporate and business charter services
• Customizable travel packages
• Environmental sustainability initiatives
• Partnerships with luxury service providers
• Health and wellness-focused amenities
What Are The Segments of The Global Passenger Chartered Air Transport Market?
1) By Type: Private Charter Services, Business Charter Services
2) By Size: Light Jets, Mid-Sized Jets, Large Jets, Air Liner
3) By Capacity: Less than 10, 10-100, Greater than 100
Which Region Leads The Passenger Chartered Air Transport Market?
In 2024, North America was the largest region in the passenger-chartered air transport market, followed closely by the Asia-Pacific region. The regions covered in this report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Passenger Chartered Air Transport Global Market Report?
• Market Size Analysis: Analyze the Passenger Chartered Air Transport Market size by key regions, countries, product types, and applications.
• Market Segmentation Analysis: Identify various subsegments within the Passenger Chartered Air Transport Market for effective categorization.
• Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
• Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
• Market Contribution: Evaluate contributions of different segments to the overall Passenger Chartered Air Transport Market growth.
• Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
• Industry Challenges: Analyze challenges and risks affecting the Passenger Chartered Air Transport Market.
• Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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