Watch Demo

Iceland Civil Aviation Industry Outlook 2024 - 2028

See how Iceland Civil Aviation performed compared to key markets such as the United States, Germany and Ireland.

Key Market Indicators

**Icelander Airline Revenue Projected to Reach $1.6 Billion by 2028** Revenue for Icelander Airlines is expected to rise to approximately $1.6 billion by 2028, up from $1.5 billion in 2023. This projection represents an average annual growth rate of 1.8%. However, since 2013, the Icelander market has experienced an annual decline of 2.8%. As of 2023, Iceland ranked 16th in airline revenue, with Sweden surpassing it at the $1.5 billion mark. Germany, Ireland, and Russia occupied the second, third, and fourth spots respectively. **Air Passenger Traffic Surges by 65.8% in 2021** In terms of air passenger traffic, Iceland saw significant growth in 2021. The number of passengers rose to nearly 1.5 million, up from about 900,000 in 2020, marking a 65.8% increase year over year. Despite this surge, the long-term trend shows a decline; since 1975, Icelander demand has fallen by 23.5% annually. In 2021, Iceland ranked 90th globally in air passenger traffic, with Libya overtaking it at the 1.5 million mark. China, India, and Ireland held the second, third, and fourth positions respectively.

Marketing Banner

Iceland Civil Aviation Market Data and Forecasts

How much will Iceland Civil Aviation Market grow to 2028?

Forecast: Air Transport Output in Iceland
Forecast: Production of Air Transport in Iceland
Forecast: Turnover in Air Transport Sector in Iceland
More in Civil Aviation Industry for 2028