Key Market Indicators
Japanese Airline Revenue is projected to reach roughly $3.2 billion by 2028, up from $3.17 billion in 2023. This represents an annual growth rate of approximately 0.2%. The Japanese market has remained stable since 2013. In 2023, Japan ranked 10th globally in airline revenue, with Hungary slightly ahead at $3.17 billion. Germany, Ireland, and Russia occupied the second, third, and fourth positions, respectively. Japanese air passenger traffic is expected to climb to approximately 142.1 million by 2028, from 133.2 million in 2023. This signifies an annual growth rate of about 1%. Since 1975, the demand for air travel in Japan has been increasing at a yearly rate of 1.1%. In 2023, Japan ranked sixth in passenger traffic, with the United Kingdom slightly ahead at 133.2 million passengers. China, India, and Ireland held the second, third, and fourth spots in the ranking, respectively.
