Air Passenger Transport Market Outlook 2024 - 2028

Daily Updated Industry Statistics and Top Emerging Trends about the Air Passenger Transport Industry

Global Air Passenger Transport Trends in 2024

Air Passenger Transport is part of Air Transport and includes a number of sub-sectors such as Low Cost Carrier, Airline Service and Air Taxi. You may also be interested in Airport and Air Freight.

Global airline revenue is projected to fall to approximately $86 billion by 2028, down from $123 billion in 2023. This decline marks an average annual decrease of 1.1%. In contrast, the global market had been experiencing an annual growth rate of 1.2% since 2019. In 2023, the United States led the global airline revenue rankings with $42 billion. Germany, Ireland, and Russia followed in the second, third, and fourth positions, respectively. Notably, Austria saw a significant rise of 18.4% year-on-year. However, the Czech Republic experienced a decline of 3.6% annually since 2019. Meanwhile, global air passenger traffic is anticipated to reach roughly 5.8 billion by 2028, up from 4.9 billion in 2023. This growth represents a compound annual growth rate (CAGR) of 2.9%. Historically, global demand for air travel has surged by 2.5% year-on-year since 1975. The United States also topped the global air passenger traffic rankings in 2023 with nearly 951 million passengers. China, India, and Ireland secured the second, third, and fourth positions, respectively. Syria experienced an extraordinary year-on-year increase of 131.4%, while Malawi saw a significant decrease of 43.2% annually since 1975.

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Top 10 countries

In 2024 major markets in the Air Passenger Transport Industry were:

World Air Passenger Transport Market Data and Forecasts

How much the Air Passenger Transport industry is expected to grow to 2028?

Forecast: Number of Air Passengers Carried in the World
Forecast: Global International Air Passenger Transport Receipts
Forecast: Number of Air Passengers Carried in the EU
Forecast: Number of Air Passengers Carried in the Eurozone
Forecast: Number of Air Passengers Carried in Russia
More in Air Passenger Transport Industry for 2028

World Air Passenger Transport Top Rankings

Global Employment in Air Transport by Country
Global Number of Registered Air Carrier Departures by Country
Global Share of Transport Services in Commercial Service Imports by Country
Global International Air Passenger Transport Receipts by Country
Global International Passenger Transport Expenditure by Country
Global Aerospace Industry Exports by Country
Global Number of Air Passengers Carried by Country
Global International Air Passenger Transport Receipts by Country
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Global Air Passenger Transport Statistics

Global Air Passenger Transport Industry Database