LONDON–(BUSINESS WIRE)–The commercial airlines market is poised to grow by USD 184.19 billion during 2020-2024, progressing at a CAGR of over 5% during the forecast period. Request free sample pages
Read the 140-page report with TOC on “Commercial Airlines Market Analysis Report by Revenue stream (Passenger and Cargo), Geographic segmentation (APAC, Europe, MEA, North America and South America), and the Segment Forecasts, 2020-2024”.
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The market is driven by the creation of new air routes to tap market potential. In addition, the increasing penetration of blockchain technology in airlines industry is anticipated to boost the growth of the commercial airlines market.
Airlines are focusing on enhancing their revenue streams by launching services on new routes to cater to the untapped markets. For instance, a total of 59 new routes of air travel were launched by several commercial airlines around the globe in March 2019. New probable routes are evaluated using intelligence tools for identifying certain trends such as passenger inflow and outflow as well as timing and connectivity options. This helps in determining the type of aircraft to be used and the frequency of operations with regards to a new route. The launch of new service routes will encourage the procurement of new aircraft by airline operators. This in turn, will boost the need for aircraft landing gear systems comprising of fairings, cowlings, structural members, warning devices, shock absorbing equipment, and retraction mechanisms. Thus, the creation of new air routes to tap market potential is expected to drive market growth during the forecast period.
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Major Five Commercial Airlines Market Companies:
Air France-KLM SA
Air France-KLM SA is headquartered in France and operates the business under various segments such as Passenger network, Transavia, and Maintenance. The company offers Passenger business and Cargo business.
American Airlines Group Inc.
American Airlines Group Inc. is headquartered in the US and offers commercial airline services. The company operates approximately 6,700 flights daily to 350 destinations in 50 countries.
ANA HOLDINGS Inc.
ANA HOLDINGS Inc. is headquartered in Japan and operates under various business segments, namely Air Transportation, Airline Related, Travel Services, Trade and Retail, and Others. The company operates the full-service carrier ANA brand and low-cost carrier brands.
China Eastern Airlines Corp. Ltd.
China Eastern Airlines Corp. Ltd. is headquartered in China and offers commercial airline services. The company provides passenger transport, cargo, mail delivery, and cargo handling services.
China Southern Airlines Co. Ltd.
China Southern Airlines Co. Ltd. is headquartered in the US and offers products through the following business segments: Airline transportation and Other segments. The company offers passenger and cargo and mail operations.
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Commercial Airlines Market Revenue Stream Outlook (Revenue, USD Billion, 2020-2024)
Commercial Airlines Market Geographic Outlook (Revenue, USD Billion, 2020-2024)
- APAC
- Europe
- MEA
- North America
- South America
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