The number of high growth enterprises in Turkey's passenger air transport sector exhibited significant fluctuations from 2014 to 2023, escalating from 21 enterprises in 2014 to 69 enterprises in 2023. Key points include a notable dip in 2020 due to the pandemic, where the number dropped to 5 enterprises, followed by a remarkable recovery starting in 2021. By 2023, the number of enterprises increased by 38% year-on-year with a 5-year CAGR of 33.95%.

Looking forward, the forecast indicates steady growth, with the number of enterprises projected to reach 94 by 2028, reflecting a forecasted 5-year CAGR of 4.07% and 22.08% growth over the forecast period.

Future trends to watch for:

Potential impacts of regulatory changes and liberalization in the air transport sector.
Technological advancements and their influence on operational efficiencies and service offerings.
Economic factors and their potential to drive or hinder passenger air transport demand.