Chartered Air Transport Market By Service Type (Private Passenger Charter, Group Charter, Cargo Charter, Medical Evacuation (Medevac), Business Jet Charter); By Aircraft Type (Light Jets, Mid-size Jets, Heavy Jets, Turboprops, Helicopters); By End-User (Corporate Executives, High-Net-Worth Individuals (HNWI), Government Officials, Sports Teams and Entertainers, Emergency Services (Medical, Disaster Relief)); By Application (Business Travel, Leisure Travel, Emergency Services, Cargo and Freight); By Geography, Segment revenue estimation, Forecast, 2024–2032.

The chartered air transport market was worth USD 37.65 billion in 2023 and will be worth USD 67.14 billion by 2030, growing at a CAGR of 7.5% during the forecast period.

 

The Chartered Air Transport market is driven by the growing need for convenient, personalized, and time-sensitive transportation, particularly for business people and the wealthy. Pre-COVID, the global business travel expenditure was expected to cross $1.4 trillion; private charter transportation has emerged as the best means of transport because of achieving less crowded commercial airports and selective routes. For example, during the COVID-19 pandemic, chartered flights were popular because they provided an opportunity to travel without touching many people when regular flights were scarce. Recent innovations include creating an App or Website that charters private jets, the increment use of private charter jet emergencies and medical transport, and chartering for cargo. Thus, the transition to on-demand commercial aviation combined with the expansion of international business activity remains one of the main drivers of the chartered air transport market.

 

The Chartered Air Transport market has tremendous potential, given the growth in demand for private and on-demand air travel. As the global private aviation market is expected to remain healthy, charter flights can be a more effective way of organizing business travel, which is always urgent and increasingly more flexible, and for organizing personal transportation, including for HNWIs. Recent developments relate to the upsurge in using ICTs, where the requisite charter flights are booked through an easier and simpler interface. Furthermore, the growth in the use of charter services for medical evacuations, cargo transport, and occasions indicates other areas of growth. Due to current customer demands for the convenience, privacy, and flexibility that chartered air transport provides, there is a potential market for expansion.

 

 

Market Segmentation

By Service Type:

• Private Passenger Charter

• Group Charter

• Cargo Charter

• Medical Evacuation (Medevac)

• Business Jet Charter

 

By Aircraft Type:

• Light Jets

• Mid-size Jets

• Heavy Jets

• Turboprops

• Helicopters

 

By End-User:

• Corporate Executives

• High-Net-Worth Individuals (HNWI)

• Government Officials

• Sports Teams and Entertainers

• Emergency Services (Medical, Disaster Relief)

 

By Application:

• Business Travel

• Leisure Travel

• Emergency Services

• Cargo and Freight

 

By Region

North America

• US

• Mexico

• Canada

• Rest of North America

 

Europe

• Switzerland

• Russia

• France

• Germany

• U.K

• Finland

• Turkey

• Netherlands

• Belgium

• Spain

• Italy

• Rest of Europe

 

Asia Pacific

• India

• China

• South Korea

• Japan

• Singapore

• Thailand

• Indonesia

• Malaysia

• Philippines

• Australia

• Rest of Asia-Pacific

 

LAMEA

• Brazil

• Argentina

• Uruguay

• Saudi Arabia

• Rest of LAMEA

 

Segment Analysis of the Chartered Air Transport Market

By Service Type:

Leading Segment: Private Passenger Charter

The private passenger charter segment holds the largest market share in the chartered air transport market. This segment is particularly popular among high-net-worth individuals (HNWIs) & corporate executives who seek a flexible & luxurious travel option. Private passenger charters offer privacy, convenience, and customized services, which are essential for business leaders and affluent individuals. As the demand for personalized travel experiences continues to grow, this segment's share remains dominant. For instance, in 2023, private passenger charters accounted for around 40% of the total chartered air transport market.

Fastest-Growing Segment: Medical Evacuation (Medevac)

The fastest-growing service type segment is medical evacuation (Medevac), which is expanding at a CAGR of 7.5%. This growth is driven by the increasing demand for rapid, long-distance emergency medical transportation. Medevac services are critical for remote locations, disaster zones, and during pandemics. The rising number of medical emergencies, natural disasters & the need for swift, specialized care have accelerated the adoption of Medevac services, making it the most rapidly expanding segment in the chartered air transport market.

 

By Aircraft Type:

Leading Segment: Light Jets

Light jets dominate the aircraft type segment, primarily due to their versatility, affordability & operational efficiency for short to medium-distance travel. These jets are preferred by corporate executives & leisure travelers for private charters, providing comfort & speed at a relatively lower operational cost compared to larger aircraft. Light jets account for approximately 35% of the total aircraft type market share, thanks to their widespread adoption in North America and Europe.

Fastest-Growing Segment: Helicopters

The helicopter segment is the fastest-growing within the aircraft types, with a projected CAGR of 8.2%. Helicopters offer significant advantages for short-distance travel, particularly in congested urban areas & remote locations where airports are not easily accessible. The demand for helicopter charters is increasing in sectors such as emergency medical services, disaster relief, & tourism, especially in regions with challenging terrain or high population density. This growth is further fueled by advancements in helicopter technology, making them more efficient & cost-effective.

 

By End-User:

Leading Segment: Corporate Executives

Corporate executives make up the largest segment of the end-user market for chartered air transport, contributing to over 40% of the market share. Chartering flights offers significant time savings, flexibility & confidentiality for executives, enabling them to meet tight schedules & travel to remote locations without commercial flight delays. The demand for business jet charters is strong in North America & Europe, where corporate executives frequently require private air travel to attend meetings, conferences, and site visits.

Fastest-Growing Segment: Emergency Services (Medical, Disaster Relief)

The emergency services segment, particularly for medical evacuation (Medevac) and disaster relief missions, is the fastest-growing end-user sector in the chartered air transport market, with a CAGR of 9.1%. Increasing natural disasters, pandemics, and the need for immediate medical transport have created a surge in demand for chartered flights dedicated to emergency services. Governments, NGOs & private entities are increasingly turning to chartered air transport to provide swift and life-saving services in urgent situations.

 

By Application:

Leading Segment: Business Travel

Business travel is the leading application segment for chartered air transport, capturing a large share of the market. Companies across various industries use chartered flights to provide quick, comfortable, and confidential transportation for executives, employees, and clients. The need for flexible travel schedules, productivity during flight, and time efficiency makes business travel the dominant application. This segment holds nearly 45% of the overall market, supported by growing corporate budgets for travel & the increasing shift towards remote & international work.

Fastest-Growing Segment: Emergency Services

Emergency services, including medical evacuation and disaster relief, are the fastest-growing application segment for chartered air transport, with a CAGR of 8.6%. The increasing frequency of natural disasters, global pandemics & health emergencies, alongside the growing need for quick-response airlifting, has spurred rapid growth in this area. The rising adoption of Medevac services for medical emergencies & the increased allocation of resources for disaster relief missions are key drivers of this segment’s growth.

 

By Region:

Leading Region: North America

North America is the leading region for the chartered air transport market, accounting for approximately 40% of the market share. The strong presence of major players in the aviation industry, along with the significant demand from corporate executives and government officials, makes North America the dominant region. The U.S. is the largest consumer of chartered air transport, driven by a robust economy, high-net-worth individuals, and a well-established infrastructure for private aviation.

Fastest-Growing Region: Asia-Pacific

Asia-Pacific is the fastest-growing region for chartered air transport, with a projected CAGR of 8.4%. This growth is driven by expanding economies, rising disposable incomes & the increasing demand for luxury travel in countries like China, India, and Japan. The region’s growing corporate sector & the increasing popularity of private aviation among high-net-worth individuals are key factors contributing to the rapid expansion of chartered air transport services in Asia-Pacific.

 

Key Players

• NetJets

• VistaJet

• Wheels Up

• Flexjet

• Jet Linx

• XOJET Aviation

• GlobeAir

• Air Charter Service

• Gama Aviation

• JetSuite

 

Chartered Air Transport Market Report Coverage

Report Attribute	Details
Forecast Period	2023 – 2030
Market Size Value in 2023	USD 37.65 billion
Revenue Forecast in 2030	USD 67.14 billion
Overall Growth Rate	CAGR of 7.5%
Base Year for Estimation	2022
Historical Data	2017 – 2021
Unit	USD Billion, CAGR (2023 - 2030)
Segmentation	By Service Type, By Aircraft Type, By End-User, By Application, By Region
By Service Type	Private Passenger Charter, Group Charter, Cargo Charter, Medical Evacuation (Medevac), Business Jet Charter
By Aircraft Type	Light Jets, Mid-size Jets, Heavy Jets, Turboprops, Helicopters
By End-User	Corporate Executives, High-Net-Worth Individuals (HNWI), Government Officials, Sports Teams and Entertainers, Emergency Services (Medical, Disaster Relief)
By Application	Business Travel, Leisure Travel, Emergency Services, Cargo and Freight
By Region	North America, Europe, Asia Pacific, LAMEA
Country Scope	US, Mexico, Canada, Germany, UK, France, China, Japan, India, etc.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs.