The global airlines market is anticipated to grow at a significant CAGR of 4.8% during the forecast period (2022-2028). The global airlines market is growing due to the rising air traffic globally. According to International Air Transport Association, around 4.5 billion passengers flew globally in 2019. The global market is also growing due to the rapid urbanization as well as the increasing disposable income of the middle-class population. Airplanes provide a faster and safer mode of transport due to which consumers are rapidly shifting their traveling needs from other modes of transportation. The increasing demand for military aviation with armor is also boosting the growth of the market.
The Asia- Pacific region is anticipated to hold the major share in the global airlines market. This is due to the presence of emerging economies, such as India and China which have a massive surge in the aviation market due to an increased demand for air travel. For instance, in India, IndiGo took delivery of 36 Airbus between the timespan of January and November 2021. Additionally, a rise in disposable income in Asia Pacific countries, like Japan, South Korea, and Australia is also expected to propel the growth of the Asia-Pacific airlines market .
The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new launches, to stay competitive in the market. For instance-
- In March 2022, ANA announced the launch of AirJapan, a new brand for medium-haul international routes across Asia.
- In March 2022, KLM announced the launch of launched nonstop service between Austin-Bergstrom International Airport (AUS) and Amsterdam Airport Schiphol.
- In January 2022, Singapore Airlines launches a new aviation lab to boost digital transformation.
- In July 2021, Saudi Arabia announced the plan to launch a second national airline, as part of a broader strategy to transform into a global logistics hub.
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Market Coverage
- The market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Destination
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Airbus, Boeing, Textron Inc., Lockheed Martin Corp., and Embraer among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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Global Airlines Market Report by Segment
By Type
- Domestic
- International
By Application
- Food
- Industrial Materials
- Equipment
- Other
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