Key Market Indicators
Singapore's air passenger traffic is projected to hit nearly 56 million passengers by 2028, up from approximately 47 million in 2023. This represents an average annual growth rate of 2.9%. Historically, since 1975, Singapore has maintained a consistent 2.9% year-on-year growth in air passenger demand. In the global ranking for 2023, Singapore held the 24th position. Hungary has surpassed Singapore with roughly 47 million passengers. Leading the rankings were China, India, and Ireland, occupying the second, third, and fourth spots, respectively.
