- Private Charter Services
- Business Charter Services
Air Charter Services Market size is valued at USD 27,452.2 million in 2022 and is expected to grow at a CAGR of 3.6% from 2023-29. The global market provides a detailed overview and can be segmented by type, application, and region. By type, the air charter services market has been segmented into private charter services and business charter services. By type, the private charter services segment held a significant market share, and will undoubtedly increase its demand over the forecasted period. The company's largest charter division is the private jet division, with an increment of 40% growth every year. This has grown 20% higher than the pre-pandemic level, compared to the expected 7.5% growth in flights for the charter sector, showing a large increase in market share. Some of its advantages are enhanced productivity, onboard office, and security & confidentiality. Based on the application, the segment has been segregated into charter passenger and charter freight. Charter freight is expected to grow fast due to its benefits such as rapid, timely response, traceable delivery, and secure transportation.
Air Charter Services Market Key Development:
In Sept 2022, Air Charter Service launches ACS Time Critical to consolidate a range of urgent cargo services. In Nov 2021, MakeMyTrip and GO FIRST join hands to launch exclusive Air Charter Holiday Services to Phuket.
Air Charter Services Market Summary
Study Period
2023-29
Base Year
2022
CAGR
3.6%
Largest Market
Asia Pacific
Fastest Growing Market
North America
Air Charter Services Market Dynamics
A rise in the demand for the air cargo market is a positive prospect for air cargo providers and cargo charter operators which is anticipated to fuel the market for air charter services during the forecasted period. These days, there has been an increasing number of shipments being delivered by air due to the increasing demand by customers for instant and timely delivery of their products. Major factors like time shortages, last-minute capacity, and unanticipated applications have also led to a push in the adoption of air charter, thus the growth of air charter services market size.
North-America Got Significant Share
Air Charter Services Market Regional Analysis
North America dominated the global aviation charter services market share accounting for XX% in 2021 and is expected to dominate the market over the forecasted period owing to the increasing ease with which individuals can easily access private aircraft and the attractiveness of the air charter market in this region. There were 21,979 business aircraft jets across the world, where the highest number of private jets in this region is also a major factor in expanding the market in this region.
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The air charter services market report provides granular level information about the market size, regional market share, historic market (2018-2022), and forecast (2023-2029)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments, and start-up details that are actively working in the market
- The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Air Charter Services Market Segmentation
By Type
By Application
- Charter Passenger
- Charter Freight
By Sales Channel
- Direct Channel
- Distribution Channel
Frequently Asked Questions
The global air charter services market size is expected to reach USD 27,452.2 million in 2021.
The hourly/distance-based models and subscription-based models are the widely adopted pricing models in air charter services procurement.
Further improvement in the services, and making them available at reasonable costs are the two key strategies opted by the leading companies in the market.
Based on type, the private charter services segment is expected to account for the largest share of the air charter services market during the forecast period, owing to offers of better services, and enhanced productivity.
- VistaJet
- Luxaviation
- Jet Aviation
- Air Partner
- TMC Jets
- Delta Private Jets
- Deer Jet
- Corporate Flight Management
- Gama Aviation
- BAA
- TAG Aviation
- Executive Jet Management