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Top Trends Transforming the Passenger Air Transport Market Landscape in 2025: Qatar Airways Leads With World's First Boeing 777 Featuring Starlink Technology
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.How Large Will the Passenger Air Transport Market Size By 2025?
In recent times, there has been a robust growth in the market size of passenger air transport. It is projected to inflate from $939.68 billion in 2024 to $1006.17 billion in 2025, marking a compound annual growth rate (CAGR) of 7.1%. The growth experienced in the past years can be linked to the escalated demand for air travel, increased interest in tailored tours for travel groups, and the rising number of airport expansion initiatives.
How Big Is the Passenger Air Transport Market Size Expected to Grow by 2029?
In the following years, the market size for passenger air transport is anticipated to witness robust growth. It is predicted to expand to $1256.72 billion by 2029 with a compound annual growth rate (CAGR) of 5.7%. The predicted growth in the given forecast period can be credited to factors such as government backing, the surge in global tourism, escalating urbanization, and the increasing application of analytics in the aviation sector. Prominent trends expected during the forecast period include the implementation of artificial intelligence, emphasis on cloud-based technology, technological advancements, the usage of biometric technology, product innovations, and partnerships and acquisitions.
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Which Key Market Drivers Powering Passenger Air Transport Market Expansion and Growth?
The growth of the passenger air transport market is anticipated to be driven by a surge in global tourism in the forecast period. Tourism worldwide is perhaps the most considerable exchange of items, services, and individuals, serving as a significant instrument for economic enhancement and sociopolitical transformation. For example, the UK, in June 2022, witnessed 3.0 million foreign visitors and 7.8 million outings by UK residents abroad as per the National Statistics, a government agency in the UK. The expenditure recorded was £2.7 billion by these visitors and £6.2 billion by British tourists. Consequently, the augmentation in global tourism propels the expansion of the passenger air transport market.
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Which Fast-Growing Trends Are Poised to Disrupt the Passenger Air Transport Market?
Notable companies in the passenger air transportation industry have started to pivot towards introducing passenger airlines to maintain their competitive position. This involves providing air travel services to individuals, which enables the transportation of travelers from one place to another by air. For instance, in October 2024, Qatar Airways, a company based in Qatar, rolled out the first-ever Boeing 777 armed with Starlink technology to improve the in-flight connectivity experience. The inaugural flight, which flew from Doha to London on October 22, 2024, provides passengers with rapid, low-latency internet at no extra cost, allowing for uninterrupted streaming, gaming, and work at soaring altitudes. The airline intends to fit an additional 12 Boeing 777-300ERs with Starlink by the conclusion of 2024 and aims to expand this service to the entirety of its Boeing 777 fleet by 2025, followed by the Airbus A350 fleet.
What Are the Emerging Segments in the Passenger Air Transport Market?
The passenger air transport market covered in this report is segmented -
1) By Type: Domestic Air Passengers, International Air Passengers
2) By Class: Business Class, Economy Class, First Class
3) By End-Use: Private, Commercial
Subsegments:
1) By Domestic Air Passengers: Commercial Domestic Flights, Private Domestic Flights, Low-Cost Carrier Domestic Flights
2) By International Air Passengers: Commercial International Flights, Private International Flights, Low-Cost Carrier International Flights
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Who Are the Global Leaders in the Passenger Air Transport Market?
Major companies operating in the passenger air transport market include American Airlines Group Inc., Delta Air Lines, Inc., United Airlines Holdings, Inc., Lufthansa Group, Air France-KLM, WestJet, TAL Aviation Group, Egyptair, LATAM Airlines, Air Transat, Sunwing, Allegiant Air, easyJet, Controladora Vuela Compania de Aviacion SAB de CV, South African Airways, China Airlines, The Emirates Group, Red Sea Airlines, Avianca Group International Limited, Emirates Airline, Ryanair DAC, Kenya Airways, United Nigeria Airlines Company Limited, Turkish Airlines, Qatar Airways Company Q.C.S.C., Japan Airlines Co Ltd, ABC Aerolineas SA de CV, El Al Israel Airlines Ltd, Air Canada, Linea Aerea Amaszonas, AirAsia, TAROM SA, Austrian Airlines AG, Jazz, Aerolineas Argentinas, Ikar Airlines LLC, Norwegian Air Shuttle ASA, Boliviana de Aviacion, Azul Linhas Aereas Brasileiras S/A, British Airways Ltd, Grupo Aeromexico SAB de CV, Oman Air, Riyadh Air, FB Lineas Aereas SA, Hawaiian Airlines, Southwest Airlines Company, Gol Linhas Aereas Inteligentes SA, Saudia, Red Wings Airlines, Etihad Airways, Singapore Airlines Ltd., Flydubai, Swiss International Air Lines AG, LOT Polish Airlines, Ethiopian Airlines, RwandAir Limited
Which are the Top Profitable Regional Markets for the Passenger Air Transport Industry?
Asia-Pacific was the largest region in the passenger air services transport market in 2024. North America was the second largest region in the passenger air transport services market. The regions covered in the passenger air transport market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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