Passenger Air Transportation Market Forecast To Grow At A Higher Rate

Posted by ananth on February 15th, 2019

The Business Research Company’s passenger air transportation global market report, covers the year-on-year growth of the global passenger air transportation market historic and forecast growth. It also includes chapters on the passenger air transportation market trends, geographical analysis, and competitive landscape.

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The passenger air transportation market size is expected to reach a higher value by 2022, growing at a steady CAGR during the forecast period.

Passenger Air Transportation Market Trends

The passenger air transportation services market consists of sales of passenger air transportation services by entities (organizations, sole traders and partnerships) that use aircraft, such as airplanes and helicopters to provide air transportation services of passengers and/or cargo. It includes services offered by both scheduled and nonscheduled air carriers, but scenic and sightseeing air transportation and air courier services are not included within the air transportation market.

Mobile technology and applications are becoming a latest trend in passenger air transportation industry. Passengers are using mobile-enabled applications to book their tickets and manage their journey. Passengers want personalized information about their flight, their baggage and how to find their gate directly on their mobile device. Alaska Airlines, American Airlines, Delta Air Lines, Frontier Airlines, and Hawaiian Airlines are providing these mobile apps to book a flight ticket.

The global passenger air transportation market is primarily driven by the growing disposable income, and lower ticket prices.

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The global passenger air transportation market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.

With increasing customer preference towards air transportation, particularly in emerging economies such as India, China, Brazil, and Indonesia, the global passenger air transportation market is expected to increase in potential and scope. TBRC’s report also covers the passenger air transportation drivers and restraints in the market.

The global passenger air transportation market’s segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.

The top companies included in the global passenger air transportation market report are American Airlines, Delta Airlines, UnitedContinental, Deutsche Lufthansa, and Air France KLM.

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