info@strategicmarketresearch.com
26, Broadway, Suite 934, New York , 10004
us US: +1-315-636-4233    uk UK: +44-162-237-0614     in IN: +91-826-083-6500
Home » Aerospace and Defense » Chartered Air Transport Market Size, Share Report

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.

Published On: OCT-2024   |   Base Year: 2022   |   No Of Pages: 150   |   Historical Data: 2017-2021   |   Formats: PDF   |   Report ID: 38372741

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

 

North America continues to lead the Chartered Air Transport market due to its WNHWI, corporate travel, and other supporting factors and configurations. The US alone is at the helm of more than 60% of the global private jet movement, and popular destinations for chartered flights include New York, Los Angeles, and Miami. In 2021, private jets flew more than 40% more in North America, with many individuals preferring private charter to commercial airlines amid the COVID-19 pandemic. New trends include social media, which has enabled anyone to book chartered flights, making it easier for people and companies to hire private jets. Further, the increase in chartered air transport for medical evacuation and cargo products has also expanded the formation of this market in the region. North America continues to dominate owing to the high demand for affordable and time-effective travel and transportation solutions in diverse sectors.

 

Key Players

  • NetJets

  • VistaJet

  • Wheels Up

  • Flexjet

  • Jet Linx

  • XOJET Aviation

  • GlobeAir

  • Air Charter Service

  • Gama Aviation

  • JetSuite

Frequently Asked Question About This Report

.

Table of Contents

1.    CHARTERED AIR TRANSPORT MARKET – PRODUCTION VOLUME BY REGION, (2024 – 2030)
1.1. North America
1.2. Europe
1.3. Asia Pacific
1.4. Latin America
1.5. Middle East & Africa
2.    CHARTERED AIR TRANSPORT MARKET – REVENUE ($MILLION), BY REGION, (2024 – 2030)
2.1. North America
2.2. Europe
2.3. Asia Pacific
2.4. Latin America
2.5. Middle East & Africa
3.    MARKET SHARE ANALYSIS – CHARTERED AIR TRANSPORT MARKET
3.1. Top 20 Players with Product Mix, Revenue, and Sales Volume
3.2. Market Share, 2023
3.3. Market By Aircraft Type of Chartered Air Transport and End Use Outlook Analysis
4.    HISTORIC TRENDS IN CHARTERED AIR TRANSPORT MARKET
5.    EMERGING MARKET TRENDS
6.    NORTH AMERICA CHARTERED AIR TRANSPORT MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS)
6.1. North America Chartered Air Transport Historical Market ($MILLION), (2017 – 2023)
6.2. North America Chartered Air Transport Market ($MILLION) and Forecasts (2024 – 2030)
6.3. North America Chartered Air Transport Market Type ($MILLION), and Forecasts (2024 – 2030), By Aircraft Type
6.3.1. Light Jets
6.3.2. Mid-size Jets
6.3.3. Heavy Jets
6.3.4. Turboprops
6.3.5. Helicopters
6.4. North America Chartered Air Transport Market Type ($MILLION), and Forecasts (2024 – 2030), By Service Type
6.4.1. Private Passenger Charter
6.4.2. Group Charter
6.4.3. Cargo Charter
6.4.4. Medical Evacuation (Medevac)
6.4.5. Business Jet Charter
6.5. North America Chartered Air Transport Market Type ($MILLION), and Forecasts (2024 – 2030), By Application
6.5.1. Business Travel
6.5.2. Leisure Travel
6.5.3. Emergency Services
6.5.4. Cargo and Freight
6.6. North America Chartered Air Transport Market Type ($MILLION), and Forecasts (2024 – 2030), By End-User Industry
6.6.1. Corporate Executives
6.6.2. High-Net-Worth Individuals (HNWI)
6.6.3. Government Officials
6.6.4. Sports Teams and Entertainers
6.6.5. Emergency Services (Medical, Disaster Relief)
6.7. North America Chartered Air Transport Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography
6.7.1. USA
6.7.2. Canada
6.7.3. Rest of North America
7.    USA CHARTERED AIR TRANSPORT MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS)
8.    EUROPE CHARTERED AIR TRANSPORT MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS)
8.1. Europe Chartered Air Transport Historical Market ($MILLION), (2017 – 2023)
8.2. Europe Chartered Air Transport Market ($MILLION) and Forecasts (2024 – 2030)
8.3. Europe Chartered Air Transport Market Type ($MILLION), and Forecasts (2024 – 2030), By Aircraft Type
8.4. Europe Chartered Air Transport Market Type ($MILLION), and Forecasts (2024 – 2030), By Service Type
8.5. Europe Chartered Air Transport Market Type ($MILLION), and Forecasts (2024 – 2030), By Application
8.6. Europe Chartered Air Transport Market Type ($MILLION), and Forecasts (2024 – 2030), By End-User Industry
8.7. Europe Chartered Air Transport Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography
8.7.1. Germany
8.7.2. France
8.7.3. UK
8.7.4. Italy
8.7.5. Spain
8.7.6. Rest of Europe
9.    APAC CHARTERED AIR TRANSPORT MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS)
9.1. APAC Chartered Air Transport Historical Market ($MILLION), (2017 – 2023)
9.2. APAC Chartered Air Transport Market ($MILLION) and Forecasts (2024 – 2030)
9.3. APAC Chartered Air Transport Market Type ($MILLION), and Forecasts (2024 – 2030), By Aircraft Type
9.4. APAC Chartered Air Transport Market Type ($MILLION), and Forecasts (2024 – 2030), By Service Type
9.5. APAC Chartered Air Transport Market Type ($MILLION), and Forecasts (2024 – 2030), By Application
9.6. APAC Chartered Air Transport Market Type ($MILLION), and Forecasts (2024 – 2030), By End-User Industry
9.7. APAC Chartered Air Transport Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography
9.7.1. China
9.7.2. Japan
9.7.3. South Korea
9.7.4. India
9.7.5. Australia
9.7.6. Rest of APAC
10.    LATIN AMERICA CHARTERED AIR TRANSPORT MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS)
10.1. Latin America Chartered Air Transport Historical Market ($MILLION), (2017 – 2023)
10.2. Latin America Chartered Air Transport Market ($MILLION) and Forecasts (2024 – 2030)
10.3. Latin America Chartered Air Transport Market Type ($MILLION), and Forecasts (2024 – 2030), By Aircraft Type
10.4. Latin America Chartered Air Transport Market Type ($MILLION), and Forecasts (2024 – 2030), By Service Type
10.5. Latin America Chartered Air Transport Market Type ($MILLION), and Forecasts (2024 – 2030), By Application
10.6. Latin America Chartered Air Transport Market Type ($MILLION), and Forecasts (2024 – 2030), By End-User Industry
10.7. Latin America Chartered Air Transport Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography
10.7.1. Brazil
10.7.2. Argentina
10.7.3. Rest of Latin America
11.    COMPANY PROFILES:
11.1. NETJETS
11.1.1. Company Overview  
11.1.2. Company Snapshot  
11.1.3. Operating business segments
11.1.4. Product offered and Revenue
11.1.5. Production & Sales
11.2. VistaJet
11.3. Wheels Up
11.4. Flexjet
11.5. Jet Linx
11.6. XOJET Aviation
11.7. GlobeAir
11.8. OTHER MARKET PLAYERS