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Airlines Global Business Report 2024-2030: Low Cost Carriers (LCCs) to Expand Opportunities for MRO – A US$1.1 Trillion Market by 2030

DUBLIN, April 2, 2024 /PRNewswire/ — The “Airlines – Global Strategic Business Report” has been added to  ResearchAndMarkets.com’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.

Key Market Trends & Drivers

  • Air Passenger Traffic and Demand for Modern Aircraft Present Long-term Growth Opportunities for the Market
  • Business & General Aviation Segment Poised to Lead Future Growth in the Market
  • Demand for Airlines and Aircraft MRO Markets Foreseen
  • 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
  • Aging Aircraft Fleet Outlines the Importance of MRO Services
  • Critical Importance of MRO in Aircraft Safety Reinforces MRO Logistics Market
  • Airlines Market to Reap Benefit from New Era of Connected Aircraft
  • Big Data Transforming Aviation Sector
  • Emerging New Technologies for Urban Mobility to Step-Up the Excitement in the Market, Post Pandemic

The report features profiles of 350+ featured companies. A selection of companies in the report includes:

  • 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)
  • Coast To Coast Travel Agency
  • Hotel Connections

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
  • 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
  • Number of General Aviation Aircrafts Produced Worldwide for the Years 2010-2023
  • Global General Aviation Market: Revenue Share (in %) by Aircraft Type for 2023
  • Global Market for MRO (In US$ Million) for Years 2021, 2023, 2025, 2027
  • 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
  • Average Age of Globally Operating Aircraft Fleet (in Years): (2020 & 2030)
  • Average Age of Select Airlines Around the World (in Years): 2023
  • Global Number of Aircraft Accidents per Million Departures (2010-2023)
  • Global Number of Fatalities on Commercial Flights (2010-2023)
  • Global Number of Connected Aircraft (In Units) for the Years 2016, 2018, 2021, 2025 & 2029



  • United States
  • Canada
  • Japan
  • China
  • Europe
  • France
  • Germany
  • Italy
  • United Kingdom
  • Spain
  • Russia
  • Rest of Europe
  • Asia-Pacific
  • Australia
  • India
  • South Korea
  • Rest of Asia-Pacific
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East
  • Iran
  • Israel
  • Saudi Arabia
  • United Arab Emirates
  • Rest of Middle East
  • Africa


For more information about this report visit https://www.researchandmarkets.com/r/hsma53

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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SOURCE Research and Markets

Originally published at https://www.prnewswire.com/news-releases/airlines-global-business-report-2024-2030-low-cost-carriers-lccs-to-expand-opportunities-for-mro—a-us1-1-trillion-market-by-2030–302103819.html
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