Rising E-Commerce's Drives Content Transport Services Market Growth: Powering Innovation and Expansion in the Air Transport Market by 2025

Rising E-Commerce's Drives Content Transport Services Market Growth: Powering Innovation and Expansion in the Air Transport Market by 2025Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

What Is the Expected CAGR for the Air Transport Market Through 2025?
In past years, the air transport market size has experienced robust growth. The market, standing at $1110.42 billion in 2024, is projected to expand to $1191.76 billion in 2025, with a compound annual growth rate (CAGR) standing at 7.3%. Factors contributing to the growth observed in the historic period include economic development, globalization, tourism, leisure travel, and improved connectivity and accessibility.

What's the Projected Size of the Global Air Transport Market by 2029?
In the ensuing years, the air transport market size is anticipated to experience robust growth, surging to $1503.69 billion in 2029 with a compound annual growth rate (CAGR) of 6.0%. The escalation predicted within this period can be credited to burgeoning markets, global commerce and e-commerce, urban sprawl, higher aircraft efficiency and sustainability, better connectivity, and network expansion. The significant trends expected during this forecast duration involve sustainable aviation, digitization, air freight and e-commerce, as well as ultra-long-haul flights.

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Top Growth Drivers in the Air Transport Industry: What's Accelerating the Market?
The air transport market's expansion is predicted to be catalyzed by the burgeoning e-commerce and online shopping industries. E-commerce, synonymous with electronic commerce, pertains to transactions involving goods and services conducted over the internet or other electronic modes of communication. The effectiveness of air transport in ensuring prompt and efficient product delivery, enlarging the customer base for online merchants, and lessening delivery durations for consumers, enables a degree of convenience and satisfaction. For instance, data from the U.S. Census Bureau, a government agency, indicates that for the second quarter of 2024, the U.S. retail e-commerce sales amounted to $282.3 billion. This marks a 5.3 percent (±0.7) increment from the first quarter of 2023. As a result, it's evident that the growth of e-commerce and online shopping is a significant driver for the air transport market.

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What Trends Will Shape the Air Transport Market Through 2029 and Beyond?
Key players in the air transport market are shifting their focus towards the development of advanced technological solutions such as the NextGen eVTOL aircraft, in order to meet the demands of the rising urban air mobility market. These NextGen eVTOL aircraft are innovative electric vehicles tailored for urban air mobility, providing vertical take-off and landing in limited spaces and offering an effective and environmentally friendly means of transport within cities. For example, in March 2024, Airbus SE, a Netherlands-based aerospace company, introduced the CityAirbus NextGen, a prototype of an all-electric vertical takeoff and landing (eVTOL) aircraft, marking a considerable leap forward in urban air mobility. The CityAirbus, with a wingspan of approximately 12 meters, a weight classification of two tons, and a maximum travel distance of up to 80 kilometers, is engineered to transport one pilot and three passengers at speeds up to 120 kilometers per hour. The CityAirbus NextGen is featured with stationary wings, a V-shaped tail, and eight electric-powered propellers configured in a distributed propulsion system, thereby enhancing efficiency and safety.

What Are the Main Segments in the Air Transport Market?
The air transport market covered in this report is segmented -

1) By Type: Passenger Air Transport, Chartered Air Transport, Air Cargo Services
2) By Distance: Long-Distance, Short-Distance
3) By End-Use: Private, Commercial

Subsegments:
1) By Passenger Air Transport: Domestic Passenger Air Transport, International Passenger Air Transport, Low-Cost Carrier (LCC) Air Transport, Full-Service Carrier (FSC) Air Transport
2) By Chartered Air Transport: Private Charter Flights, Business Charter Flights, Air Ambulance Services
3) By Air Cargo Services: Express Air Cargo, Freight Forwarding Services, Air Freight Services, Cold Chain Logistics

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Which Top Companies are Driving Growth in the Air Transport Market?
Major companies operating in the air transport market include The Emirates Group, China Airlines Ltd., American Airlines Group Inc., Delta Air Lines Inc., United Airlines Inc., China Southern Airlines, Qatar Airways Company Q.C.S.C, Air France-KLM SA, Deutsche Lufthansa AG, FedEx Corporation, United Parcel Service Inc., Cathay Pacific Airways Limited, Cargolux Airlines International SA, Japan Airlines Co. Ltd., ANA Holdings Inc., International Consolidated Airlines Group SA, Magma Aviation Limited, Deutsche Post AG, Kuehne Nagel International AG, AirBridgeCargo Airlines LLC, Cargojet Inc., Gol Linhas Aereas Inteligentes SA, Azul Linhas Aereas Brasileiras S/A, Latam Airlines, Compania Panamena de Aviacion SA, Lufthansa Cargo AG, Korean Air Lines Co. Ltd., Singapore Airlines Ltd., Air China Limited, Turkish Airlines Inc., Air Canada Inc., Ethiopian Airlines Group, British Airways plc, Air India Limited, Malaysia Airlines Berhad, Philippine Airlines Inc., Vietnam Airlines Corporation, Garuda Indonesia (Persero) Tbk PT, Royal Jordanian Airlines.

Which Regions Will Dominate the Air Transport Market Through 2029?
Asia-Pacific was the largest region in the air transport market in 2023. North America was the second largest region in the air transport market. The regions covered in the air transport market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

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