Domestic aviation market

Domestic Aviation Market, by Type (Commercial Aircraft (Passenger, Fright and Others) and Others), by End-user (Government, Commercial, and Private), and by Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027

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May 2020
CMI3813
130 Pages
Excel & Pdf
Aerospace and Defense

Summary

Air transport is the fastest mode of transport compared to road, rail and marine transport. Due to the increasing demand for faster transport of perishable pharmaceutical products, the aviation industry has witnessed a significant growth in the recent years. Domestic flight means where the departure and arrival take place in the same country. In aviation industry different types of aircraft such as passenger, freight, hybrid and private jets are used to transport the goods or people.

The global domestic aviation market is expected to witness significant growth during the forecast period (2020–2027). The growth of the domestic aviation market is majorly attributed to the improving standard of living of standard in emerging economies such as China and India. Moreover the GPD per capita income around the globe is also expected to propel the growth of the market in the coming years.

The major factors restraining the growth of the global domestic aviation market are higher air fares and effect of contagious diseases such as COVID-19. Many countries have banned domestic air travel as a precautionary measure to prevent the spread of COVID-19. For instance, according to the Directorate General of Civil Aviation of India all domestic air flights were suspended till 3 May, 2020 due to COVID-19. The domestic air flights were banned from 20 March in India. COVID-19 is expected to have the long term implications on the global domestic aviation market.

North America is expected to dominate the global domestic aviation market during the forecast period owing to the presence of some of the largest commercial aviation companies in countries such as the U.S.

Statistics:

North America held dominant position in the global domestic aviation market in 2019, accounting for 43.7% share in terms of value, followed by Europe and Asia Pacific, respectively

Figure 1: Global Domestic Aviation Market Share (%), By Region, 2019

North America held dominant position in the global domestic aviation market in 2019, and is projected to retain its dominance throughout the forecast period owing to the presence of the largest commercial airline company and the highest number of air fleets.

According to CMI analysis, the American Airline is the largest airline in the world based upon the revenue. In 2018, the American Airline generated a revenue of US$ 44.5 billion and had a fleet of 917 aircraft as of 2018. According to same analysis, the Asia Pacific region is expected to show highest growth during the forecast period owing to the emerging economies such as China and India. Moreover, according to a report by the India Brand Equity Foundation, India is expected to become the 3rd largest aviation market by the end of 2020.

Major players operating in the global domestic aviation market are Singapore Airlines, Air New Zealand, Qantas, Qatar Airways, Virgin Australia, Emirates, All Nippon Airways, EVA Air, American Airline, Spicejet and others.

Surge in demand for commercial aircraft across the globe is expected to drive the growth of the Domestic Aviation Market during the forecast period

Based on type, the commercial aircraft segment is expected dominate the global domestic aviation market during the forecast period. This is owing to the rising demand of new aircraft to cater the increasing demand of air travel. Also aviation companies are replacing older aircraft by the new advanced aircraft. For instance, Indigo airline signed a agreement to buy 300 new aircraft from Airbus SE in October, 2019. Moreover, United Airlines made a US$ 6 Billion deal with Airbus SE to buy 50 Long Range Airbus A321XLR Aircraft. Companies around the globe are purchasing aircraft to cater the increasing air travel demand. Owing to all these reasons the global domestic aviation Market is anticipated to show the significant growth during the forecast period.

Figure 2: Global Domestic Aviation Market Value (US$ Bn), 2016 - 2027

The global domestic aviation market was valued at US$ 878.9 Bn in 2019 and is expected to reach US$ 1,130.8 Bn by 2027 at a CAGR of 3.2% between 2020 and 2027.

Table of Content

Table of Contents

*Browse 60 market data tables and 40 figures on "Domestic Aviation Market - Global forecast to 2027”.

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- Frequently Asked Questions -

What is the expected market size for domestic aviation in 2022?

The global domestic aviation market is expected to reach US$ 936.1 Billion by 2022.

What is the expected Compound Annual Growth Rate (CAGR) of the domestic aviation market during the forecast period (2020-2027)?

The market is expected to witness CAGR of 3.2% during the forecast period (2020-2027).

What is the primary factor contributing to the growth of the global domestic aviation market?

Surge in demand for commercial aircraft across the globe is expected to drive the growth of the Domestic Aviation Market during the forecast period.

Based on Type, which segment held the largest market share in the global domestic aviation market?

The commercial segment held the largest market share among Type, contributing 63.7% in terms of value in 2019.

Which region held the largest market share in the global domestic aviation market?

North America region held the largest share in the global domestic aviation market in 2019, accounting for 43.7% share in terms of value.

Who are the key players operating in the global domestic aviation market?

Key players operating in the global domestic aviation market are Singapore Airlines, Air New Zealand, Qantas, Qatar Airways, Virgin Australia, Emirates, All Nippon Airways, EVA Air, American Airline, Spicejet and others.