Commercial Airlines Market size is set to grow by USD 260 billion from 2022 to 2027, The creation of new air routes to tap the market potential to boost the market growth - Technavio

PR Newswire
Friday, May 26, 2023 at 9:45pm UTC

Commercial Airlines Market size is set to grow by USD 260 billion from 2022 to 2027, The creation of new air routes to tap the market potential to boost the market growth - Technavio

PR Newswire

NEW YORK, May 26, 2023 /PRNewswire/ -- The global commercial airlines market size is estimated to grow by USD 260 billion from 2022 to 2027, according to Technavio. The market is estimated to decline at a CAGR of 6.31%, however, the growth momentum will decelerate during the forecast period. APAC is estimated to account for 52% of global market growth during the forecast period. The region comprises about half of the global population and has a large consumer base with an increasing number of middle-class households. The total GDP of the region has risen from 9 trillion in 2000 to 35 trillion in 2021, with APAC now accounting for around 37% of the global GDP. India and China are two of the emerging economies in APAC. The region witnessed a surge in air passenger travel in 2021, primarily due to the increased spending capacity of middle-class households. Hence, such factors drive market growth in the region during the forecast period. For more insights on the historic period (2017 to 2021) and forecast market size (2023 to 2027) - Request a sample report

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  • Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession 
  • Global competitiveness and key competitor positions 
  • Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - buy the report!

Commercial Airlines Market - Segmentation Assessment
Segment Overview
This report extensively covers market segmentation by revenue stream (passenger and cargo), type (international and domestic), and geography (APAC, Europe, North America, Middle East and Africa, and South America).

  • The market share growth by the passenger segment will be significant during the forecast period. Most LCCs are trying to modernize the existing fleet to exploit new market opportunities in the global commercial airlines market and an increasing number of air passengers is a major factor that drives the procurement of new aircraft. Thus, major aircraft OEMs have initiated the revamping of their existing production facilities to ensure scheduled deliveries. Hence, such factors drive segment growth during the forecast period. 

Insights on the market contribution of various segments including country and region wise, historic (2017 to 2021), and forecast market size (2023 to 2027) - Download a Sample Report

Commercial Airlines Market – Market Dynamics
The key factor driving market growth

  • The creation of new air routes to tap market potential is the major factor driving the growth of the global commercial airlines market.
  • The launch of new routes creates new revenue sources for airline operators and helps them offer commercially viable services to the customer.
  • For instance, over 2,000 new routes were launched in 2021 involving airports in Europe, to which 134 airlines contributed. Apart from initiating procurement and retrofitting of aircraft fleets, it encourages participation by regional component manufacturers, both in scheduled and unscheduled maintenance.
  • Hence, factors like these will boost the market in focus during the forecast period.

Leading trends influencing the market 

  • Growing demand for luxury air travel is an emerging trend shaping the global commercial airlines market growth. 
  • Among the countries that have increased the demand for air travel are the US, China, France, Indonesia, Japan, and India. Commercial airline companies constantly monitor and adapt to consumer expectations to provide efficient service as part of the luxury air travel package.
  • As a result of growing affluence, individuals are increasingly spending on unique experiences rather than accumulating material goods. It becomes highly challenging for airlines to cater to individual luxury customers while remaining exclusive and relevant.
  • Responding to this demand, aircraft interior designers are experimenting with modern systems with new, luxurious seats integrated into the business-class and first-class segments of modern aircraft.
  • The A350 and B787, which enables airlines to offer customized services to their high-net-worth individual passengers are examples of such aircraft.
  • Hence, the demand for premium air tickets is expected to drive the growth of the global commercial airlines market during the forecast period.

Major challenges hindering the market growth

  • Increasing operating expenses are major challenges hindering the growth of the global commercial airlines market. 
  • Factors such as a significant increase in the number of LCCs and several consolidation deals make the airline industry more competitive.
  • Online travel agencies (OTAs) and other intermediaries invest in technology solutions to establish their digital presence and market penetration, which are challenges for the commercial airlines market.
  • Hence, the increasing fuel prices and labor costs, coupled with growing competition, may hamper revenue generation by commercial airline operators. 

Get Insights on Market Drivers, trends, & Challenges, historic period(2017 to 2021) and forecast period(2023 to 2027)- Request a sample report!

What are the key data covered in this Commercial Airlines Market report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the commercial airlines market between 2023 and 2027
  • Precise estimation of the size of the commercial airlines market and its contribution to the market with a focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the commercial airlines market across APAC, Europe, North America, Middle East and Africa, and South America
  • A thorough analysis of the market's competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of commercial airlines market vendors

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Commercial Airlines Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Decelerate at a CAGR of 6.31%

Market growth 2023-2027

USD 260 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

7.15

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

APAC at 52%

Key countries

US, China, India, UK, and Germany, Canada, Mexico, Italy,Spain, India, Japan, Australia, and South Korea

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Air China Ltd., Air France KLM SA, Air Transport Services Group Inc., American Airlines Group Inc., Ana Holdings Inc., China Eastern Airlines Co. Ltd., China Southern Airlines Co. Ltd., Copa Holdings SA, Delta Air Lines Inc., Deutsche Lufthansa AG, easyJet plc, Green Africa Airways Ltd., Hahn Air Lines GmbH, InterGlobe Aviation Ltd., International Consolidated Airlines Group SA, Japan Airlines Co. Ltd., John Swire and Sons Ltd., Qantas Airways Ltd., Southwest Airlines Co., and United Airlines Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1 Executive Summary

  • 1.1 Market overview 
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Revenue Stream
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem 
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition 
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis 
    • Exhibit 13: Market segments
  • 3.3 Market size 2022 
  • 3.4 Market outlook: Forecast for 2022-2027
    • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
    • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

  • 4.1 Global commercial airlines market 2017 - 2021
    • Exhibit 18: Historic Market Size – Data Table on global commercial airlines market 2017 - 2021 ($ billion)
  • 4.2 Revenue Segment Analysis 2017 - 2021
    • Exhibit 19: Historic Market Size – Revenue Segment 2017 - 2021 ($ billion)
  • 4.3 Type Segment Analysis 2017 - 2021 
    • Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ billion)
  • 4.4 Geography Segment Analysis 2017 - 2021
    • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
  • 4.5 Country Segment Analysis 2017 - 2021
    • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

  • 5.1 Five forces summary 
    • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
  • 5.2 Bargaining power of buyers 
    • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
  • 5.3 Bargaining power of suppliers 
    • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
  • 5.4 Threat of new entrants 
    • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
  • 5.5 Threat of substitutes 
    • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
  • 5.6 Threat of rivalry 
    • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
  • 5.7 Market condition 
    • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Revenue Stream

  • 6.1 Market segments 
    • Exhibit 30: Chart on Revenue Stream - Market share 2022-2027 (%)
    • Exhibit 31: Data Table on Revenue Stream - Market share 2022-2027 (%)
  • 6.2 Comparison by Revenue Stream 
    • Exhibit 32: Chart on Comparison by Revenue Stream
    • Exhibit 33: Data Table on Comparison by Revenue Stream
  • 6.3 Passenger - Market size and forecast 2022-2027
    • Exhibit 34: Chart on Passenger - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 35: Data Table on Passenger - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 36: Chart on Passenger - Year-over-year growth 2022-2027 (%)
    • Exhibit 37: Data Table on Passenger - Year-over-year growth 2022-2027 (%)
  • 6.4 Cargo - Market size and forecast 2022-2027
    • Exhibit 38: Chart on Cargo - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 39: Data Table on Cargo - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 40: Chart on Cargo - Year-over-year growth 2022-2027 (%)
    • Exhibit 41: Data Table on Cargo - Year-over-year growth 2022-2027 (%)
  • 6.5 Market opportunity by Revenue Stream
    • Exhibit 42: Market opportunity by Revenue Stream ($ billion)
    • Exhibit 43: Data Table on Market opportunity by Revenue Stream ($ billion)

7 Market Segmentation by Type

  • 7.1 Market segments 
    • Exhibit 44: Chart on Type - Market share 2022-2027 (%)
    • Exhibit 45: Data Table on Type - Market share 2022-2027 (%)
  • 7.2 Comparison by Type 
    • Exhibit 46: Chart on Comparison by Type
    • Exhibit 47: Data Table on Comparison by Type
  • 7.3 International - Market size and forecast 2022-2027
    • Exhibit 48: Chart on International - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 49: Data Table on International - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 50: Chart on International - Year-over-year growth 2022-2027 (%)
    • Exhibit 51: Data Table on International - Year-over-year growth 2022-2027 (%)
  • 7.4 Domestic - Market size and forecast 2022-2027
    • Exhibit 52: Chart on Domestic - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 53: Data Table on Domestic - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 54: Chart on Domestic - Year-over-year growth 2022-2027 (%)
    • Exhibit 55: Data Table on Domestic - Year-over-year growth 2022-2027 (%)
  • 7.5 Market opportunity by Type 
    • Exhibit 56: Market opportunity by Type ($ billion)
    • Exhibit 57: Data Table on Market opportunity by Type ($ billion)

8 Customer Landscape

  • 8.1 Customer landscape overview 
    • Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

  • 9.1 Geographic segmentation 
    • Exhibit 59: Chart on Market share by geography 2022-2027 (%)
    • Exhibit 60: Data Table on Market share by geography 2022-2027 (%)
  • 9.2 Geographic comparison 
    • Exhibit 61: Chart on Geographic comparison
    • Exhibit 62: Data Table on Geographic comparison
  • 9.3 APAC - Market size and forecast 2022-2027
    • Exhibit 63: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 64: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 65: Chart on APAC - Year-over-year growth 2022-2027 (%)
    • Exhibit 66: Data Table on APAC - Year-over-year growth 2022-2027 (%)
  • 9.4 Europe - Market size and forecast 2022-2027
    • Exhibit 67: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 68: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 69: Chart on Europe - Year-over-year growth 2022-2027 (%)
    • Exhibit 70: Data Table on Europe - Year-over-year growth 2022-2027 (%)
  • 9.5 North America - Market size and forecast 2022-2027
    • Exhibit 71: Chart on North America - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 72: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 73: Chart on North America - Year-over-year growth 2022-2027 (%)
    • Exhibit 74: Data Table on North America - Year-over-year growth 2022-2027 (%)
  • 9.6 Middle East and Africa - Market size and forecast 2022-2027 
    • Exhibit 75: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 76: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 77: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • Exhibit 78: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
  • 9.7 South America - Market size and forecast 2022-2027
    • Exhibit 79: Chart on South America - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 80: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 81: Chart on South America - Year-over-year growth 2022-2027 (%)
    • Exhibit 82: Data Table on South America - Year-over-year growth 2022-2027 (%)
  • 9.8 US - Market size and forecast 2022-2027
    • Exhibit 83: Chart on US - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 84: Data Table on US - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 85: Chart on US - Year-over-year growth 2022-2027 (%)
    • Exhibit 86: Data Table on US - Year-over-year growth 2022-2027 (%)
  • 9.9 China - Market size and forecast 2022-2027
    • Exhibit 87: Chart on China - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 88: Data Table on China - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 89: Chart on China - Year-over-year growth 2022-2027 (%)
    • Exhibit 90: Data Table on China - Year-over-year growth 2022-2027 (%)
  • 9.10 UK - Market size and forecast 2022-2027
    • Exhibit 91: Chart on UK - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 92: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 93: Chart on UK - Year-over-year growth 2022-2027 (%)
    • Exhibit 94: Data Table on UK - Year-over-year growth 2022-2027 (%)
  • 9.11 Germany - Market size and forecast 2022-2027
    • Exhibit 95: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 96: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 97: Chart on Germany - Year-over-year growth 2022-2027 (%)
    • Exhibit 98: Data Table on Germany - Year-over-year growth 2022-2027 (%)
  • 9.12 India - Market size and forecast 2022-2027
    • Exhibit 99: Chart on India - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 100: Data Table on India - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 101: Chart on India - Year-over-year growth 2022-2027 (%)
    • Exhibit 102: Data Table on India - Year-over-year growth 2022-2027 (%)
  • 9.13 Market opportunity by geography 
    • Exhibit 103: Market opportunity by geography ($ billion)
    • Exhibit 104: Data Tables on Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

  • 10.1 Market drivers 
  • 10.2 Market challenges 
  • 10.3 Impact of drivers and challenges 
    • Exhibit 105: Impact of drivers and challenges in 2022 and 2027
  • 10.4 Market trends 

11 Vendor Landscape

  • 11.1 Overview 
  • 11.2 Vendor landscape 
    • Exhibit 106: Overview on Criticality of inputs and Factors of differentiation
  • 11.3 Landscape disruption 
    • Exhibit 107: Overview on factors of disruption
  • 11.4 Industry risks 
    • Exhibit 108: Impact of key risks on business

12 Vendor Analysis

  • 12.1 Vendors covered 
    • Exhibit 109: Vendors covered
  • 12.2 Market positioning of vendors 
    • Exhibit 110: Matrix on vendor position and classification
  • 12.3 Air China Ltd. 
    • Exhibit 111: Air China Ltd. - Overview
    • Exhibit 112: Air China Ltd. - Business segments
    • Exhibit 113: Air China Ltd. - Key offerings
    • Exhibit 114: Air China Ltd. - Segment focus
  • 12.4 Air France KLM SA 
    • Exhibit 115: Air France KLM SA - Overview
    • Exhibit 116: Air France KLM SA - Business segments
    • Exhibit 117: Air France KLM SA - Key offerings
    • Exhibit 118: Air France KLM SA - Segment focus
  • 12.5 Air Transport Services Group Inc. 
    • Exhibit 119: Air Transport Services Group Inc. - Overview
    • Exhibit 120: Air Transport Services Group Inc. - Business segments
    • Exhibit 121: Air Transport Services Group Inc. - Key offerings
    • Exhibit 122: Air Transport Services Group Inc. - Segment focus
  • 12.6 American Airlines Group Inc. 
    • Exhibit 123: American Airlines Group Inc. - Overview
    • Exhibit 124: American Airlines Group Inc. - Product / Service
    • Exhibit 125: American Airlines Group Inc. - Key offerings
  • 12.7 Ana Holdings Inc. 
    • Exhibit 126: Ana Holdings Inc. - Overview
    • Exhibit 127: Ana Holdings Inc. - Business segments
    • Exhibit 128: Ana Holdings Inc. - Key offerings
    • Exhibit 129: Ana Holdings Inc. - Segment focus
  • 12.8 China Eastern Airlines Co. Ltd. 
    • Exhibit 130: China Eastern Airlines Co. Ltd. - Overview
    • Exhibit 131: China Eastern Airlines Co. Ltd. - Product / Service
    • Exhibit 132: China Eastern Airlines Co. Ltd. - Key offerings
  • 12.9 China Southern Airlines Co. Ltd. 
    • Exhibit 133: China Southern Airlines Co. Ltd. - Overview
    • Exhibit 134: China Southern Airlines Co. Ltd. - Business segments
    • Exhibit 135: China Southern Airlines Co. Ltd. - Key offerings
    • Exhibit 136: China Southern Airlines Co. Ltd. - Segment focus
  • 12.10 Delta Air Lines Inc. 
    • Exhibit 137: Delta Air Lines Inc. - Overview
    • Exhibit 138: Delta Air Lines Inc. - Business segments
    • Exhibit 139: Delta Air Lines Inc. - Key offerings
    • Exhibit 140: Delta Air Lines Inc. - Segment focus
  • 12.11 Deutsche Lufthansa AG 
    • Exhibit 141: Deutsche Lufthansa AG - Overview
    • Exhibit 142: Deutsche Lufthansa AG - Business segments
    • Exhibit 143: Deutsche Lufthansa AG - Key news
    • Exhibit 144: Deutsche Lufthansa AG - Key offerings
    • Exhibit 145: Deutsche Lufthansa AG - Segment focus
  • 12.12 International Consolidated Airlines Group SA
    • Exhibit 146: International Consolidated Airlines Group SA - Overview
    • Exhibit 147: International Consolidated Airlines Group SA - Product / Service
    • Exhibit 148: International Consolidated Airlines Group SA - Key offerings
  • 12.13 Japan Airlines Co. Ltd. 
    • Exhibit 149: Japan Airlines Co. Ltd. - Overview
    • Exhibit 150: Japan Airlines Co. Ltd. - Product / Service
    • Exhibit 151: Japan Airlines Co. Ltd. - Key offerings
  • 12.14 John Swire and Sons Ltd. 
    • Exhibit 152: John Swire and Sons Ltd. - Overview
    • Exhibit 153: John Swire and Sons Ltd. - Business segments
    • Exhibit 154: John Swire and Sons Ltd. - Key offerings
    • Exhibit 155: John Swire and Sons Ltd. - Segment focus
  • 12.15 Qantas Airways Ltd. 
    • Exhibit 156: Qantas Airways Ltd. - Overview
    • Exhibit 157: Qantas Airways Ltd. - Business segments
    • Exhibit 158: Qantas Airways Ltd. - Key offerings
    • Exhibit 159: Qantas Airways Ltd. - Segment focus
  • 12.16 Southwest Airlines Co. 
    • Exhibit 160: Southwest Airlines Co. - Overview
    • Exhibit 161: Southwest Airlines Co. - Product / Service
    • Exhibit 162: Southwest Airlines Co. - Key offerings
  • 12.17 United Airlines Inc. 
    • Exhibit 163: United Airlines Inc. - Overview
    • Exhibit 164: United Airlines Inc. - Product / Service
    • Exhibit 165: United Airlines Inc. - Key offerings

13 Appendix

  • 13.1 Scope of the report 
  • 13.2 Inclusions and exclusions checklist
    • Exhibit 166: Inclusions checklist
    • Exhibit 167: Exclusions checklist
  • 13.3 Currency conversion rates for US$ 
    • Exhibit 168: Currency conversion rates for US$
  • 13.4 Research methodology 
    • Exhibit 169: Research methodology
    • Exhibit 170: Validation techniques employed for market sizing
    • Exhibit 171: Information sources
  • 13.5 List of abbreviations 
    • Exhibit 172: List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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