Global Market for Airlines 2014-2030: The Need to Reduce Operating Costs Drives Growth in MRO Outsourcing Services

Dublin, April 02, 2024 (GLOBE NEWSWIRE) -- The "Airlines - Global Strategic Business Report" report has been added to's offering.

The global market for Airlines estimated at US$638.7 Billion in the year 2023, is projected to reach a revised size of US$1.1 Trillion by 2030, growing at a CAGR of 7.6% over the analysis period 2023-2030.

Passenger Airlines, one of the segments analyzed in the report, is projected to record 8.2% CAGR and reach US$922.6 Billion by the end of the analysis period. Growth in the Freight Airlines segment is estimated at 5.4% CAGR for the next 8-year period.

The Airlines market in the U.S. is estimated at US$104.5 Billion in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$238.9 Billion by the year 2030 trailing a CAGR of 9.1% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.7% and 6% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 7.1% CAGR.

Study Coverage

The analysis provides insights into the global airline industry, encompassing various geographic regions such as the USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, the Middle East, and Africa. It examines annual revenues and percentage compound annual growth rates (CAGR) for airlines, passengers, and freight from 2014 to 2030. The recent past, current, and future outlooks are assessed, offering a comprehensive perspective on market trends and dynamics.

Additionally, a 16-year perspective highlights the evolving landscape, showcasing percentage breakdowns of revenue values for select years within this timeframe. This data aids in understanding the market's trajectory and identifying opportunities for growth and strategic decision-making within the aviation sector.

Report Features

  • Full access to influencer engagement stats
  • Free access to digital archives & research platform. The proprietary platform is fully enabled to unlock creativity and market knowledge of domain experts worldwide in a cohesive and collaborative manner. The state-of-art tools bring world class market perspectives while protecting participants` privacy and identity. Numbers, statistics and market narrative in the report are based on fully curated insights shared by domain experts and influencers in this space.
  • Opportunity to engage with interactive questionnaires that come with real-time data simulator tools & bespoke report generation capabilities
  • Full client access to peer collaborative and interactive platform for cross-enterprise smart exchange of ideas
  • Complimentary report updates for one year
  • Competitor coverage with global market shares of major players
  • Player market presence analysis (Strong/Active/Niche/Trivial) across multiple geographies
  • Access to curated YouTube video transcripts of domain experts/influencer interviews, podcasts, press statements and event keynotes

Select Competitors (Total 368 Featured)

  • Japan Airlines Co. Ltd.
  • EVA Airways Corporation
  • Air Astana
  • Air New Zealand Ltd.
  • Cathay Pacific Airways Limited
  • Icelandair
  • Emirates SkyCargo
  • Fly LEVEL SL
  • GOL (Gol Transportes Aereos)
  • Air Charter Service India Pvt. Ltd. (ACS)
  • DHL Aviation
  • Changi Airport Group (Singapore) Pte. Limited
  • Coast To Coast Travel Agency, Inc.
  • Hotel Connections, Inc.

Key Attributes

Report AttributeDetails
No. of Pages535
Forecast Period2023-2030
Estimated Market Value (USD) in 2023$638.7 Billion
Forecasted Market Value (USD) by 2030$1.1 Trillion
Compound Annual Growth Rate8.1%
Regions CoveredGlobal

Key Topics Covered




  • Airlines: A Prelude
  • Passenger Transport Sector
  • Cargo Transport
  • Industry Structure
  • Cargo vs. Passenger Traffic: A Comparative Overview
  • Airlines` Revenue Stream
  • Global Airlines Market: Prospects & Outlook
  • Antiquated Rules that Hampers Air Industry
  • World Airlines Market by Sector (2020 & 2027): Percentage Breakdown of Revenues for Passenger, and Freight
  • Advancements in Air Travel
  • Boom in Aviation Biofuels
  • Geographic Analysis
  • World Airlines Market by Region (2023 & 2030): Percentage Breakdown of Revenues for Developed and Developing Regions
  • World Airlines Market - Geographic Regions Ranked by CAGR (Revenues) for 2023 & 2030: China, Asia-Pacific, Latin America, Europe, Middle East, Africa, Canada, USA, and Japan
  • Competitive Landscape
  • Recent Market Activity
  • Airlines - Global Key Competitors Percentage Market Share in 2023 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)



  • Trends in Commercial Aviation Activity
  • Expected Revenue Losses in Global Aviation (In US$ Billion) for the Year 2023
  • Air Passenger Traffic and Demand for Modern Aircraft Present Long-term Growth Opportunities for the Market
  • Global Commercial Aircraft Fleet Projections: Breakdown of Fleet (in Units) by Region for 2019 and 2039
  • Global Airline Industry: Number of Scheduled Passengers Boarded (in Million) for 2010-2023
  • Business & General Aviation Segment Poised to Lead Future Growth in the Market
  • Number of General Aviation Aircrafts Produced Worldwide for the Years 2010-2023
  • Global General Aviation Market: Revenue Share (in %) by Aircraft Type for 2023
  • Demand for Airlines and Aircraft MRO Markets Foreseen
  • Global Market for MRO (In US$ Million) for Years 2021, 2023, 2025, 2027
  • Need to Reduce Operating Costs Drives Growth in MRO Outsourcing Services
  • Low Cost Carriers (LCCs) to Expand Opportunities for MRO
  • Low Cost Airlines Market Gives Rise to Need for Right Sized MRO Practices and Procedures: Global Low Cost Airlines Market (In US$ Billion) for the Years 2019, 2022 & 2025
  • Aging Aircraft Fleet Outlines the Importance of MRO Services
  • Average Age of Globally Operating Aircraft Fleet (in Years): (2020 & 2030)
  • Average Age of Select Airlines Around the World (in Years): 2023
  • Critical Importance of MRO in Aircraft Safety Reinforces MRO Logistics Market
  • Global Number of Aircraft Accidents per Million Departures (2010-2023)
  • Global Number of Fatalities on Commercial Flights (2010-2023)
  • Airlines Market to Reap Benefit from New Era of Connected Aircraft
  • Global Number of Connected Aircraft (In Units) for the Years 2016, 2018, 2021, 2025 & 2029
  • Big Data Transforming Aviation Sector
  • Emerging New Technologies for Urban Mobility to Step-Up the Excitement in the Market, Post Pandemic




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