The passenger air transport industry comprises of the deals of passenger air transportation services & related products by entities (sole traders, organizations and partnerships) that use aircraft, for instance airplanes and helicopters to offer air transportation services for the passengers. It includes various services offered by scheduled & nonscheduled air carriers. Passenger air transport plays a vital role in the mobility of materials & passengers. It is the quickest methods of transportation. Air transport is liable for associating the global economy and providing various modern qualities of life possible & facilitates in the economic development of a country or industry.
As per study, “Passenger
Air Transport Global Market Report 2020-30: Covid 19 Impact and Recovery”
the key companies operating in the global passenger air transport market
include Delta Airlines; American Airlines; United Continental; Air France KLM
and Deutsche Lufthansa.
By type, passenger air transport market is bifurcated as international air transport and domestic air transport. In addition, by class, market is bifurcated as economy class and business class.
The passenger air transport market
is driven by increase in number of airports in both developed & developing
economies, followed by rise in disposable income in emerging economies,
modernization of air traffic management infrastructure and availability of most
efficient technology & techniques in airlines industry. However, increase
in prices of fuel and rise in cost & price competition may impact the
market. Additionally, increase in advances in communication technology &
application of satellite-based air traffic control and rise in public-private
partnerships are key opportunities for market. Moreover, modern & highly
security on airport and offering comfort & high-quality service are leading
trends for market. In addition, Mobile technologies as well as applications are
becoming a newest trend in the passenger air transportation industry.
Passengers are using this technology to book their tickets along with manage
their journey. Furthermore, trend ticket offering through online and offline
channel and high risk of hijacking are major challenge for global market.
The use of analytics is rapid
growing in the aviation industry for capturing the significant insights from
clients and operations data. It allows airlines to provide the custom-made
services to its clients by using data analytics tools at every client-touch
point. Rising use of analytics in the aviation industry is primarily a result
of increasing competition between the airlines. As a result, the commercial
airline is seeking to increase the customer satisfaction levels by analyzing
the parameters for instance ticket sales and passenger profile & purchase
history.
Based on geography, the
Asia-Pacific is a leading region in global passenger air transport market owing
to increase in tourism in developing economies across the region. Global
tourism is perhaps the leading movement of goods or products, services and
inhabitants and it is a key force for economic growth & socio-political
transition. The North-America and Europe regions are estimated to witness
higher growth rate due to increase in trend ticket offering through online
& offline channel over the forecast period. It is projected that global
passenger air transport market will be reached at rapid pace as a result of
modernization of air traffic management infrastructure during the forecast period.
For More Information,
Click on the Link Below:-
Global
Passenger Air Transport Market
Related Report:-
Passenger
Air Transportation Global Market Report 2019
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
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