Based on the given data, the number of air passengers carried in Singapore is forecasted to increase steadily from 2024 to 2028. In 2024, the value stands at 48.523 million persons, increasing to 55.942 million persons by 2028. This represents a consistent year-on-year growth in passenger volume. To provide context, the number of passengers in 2023 was observed at 46.743 million persons, indicating a recovery and positive growth trend in air travel.
Year-on-year variations over the last two years (2024-2025, 2025-2026) demonstrate growth rates approximately within a 3-5% range. Evaluating the Compound Annual Growth Rate (CAGR) for the five-year period from 2024 to 2028, the average growth rate per year remains steadied around 3.6%.
Future trends to watch for include the impact of international travel policies, potential expansions in airline services, regional and global economic conditions, and technological advancements in the aviation industry which may influence passenger numbers.
