Air Charter Services Global Market Report 2023 – By Type (Business Charter Services, Private Charter Services), By Aircraft Type (Private Jets, Helicopters, Turbo-props, Wide-Body Aircraft), By Application (Charter Passenger, Charter Freight), By End-User (Business Travelers, Leisure Travelers, Government And Diplomatic Entities, Sports Teams And Entertainment Industry) – Market Size, Trends, And Global Forecast 2023-2032

A charter bus service is a service in which an organization hires a large coach to transport a group of people to a destination selected by the group's coordinator. These services are used to carry large passenger groups to and from major events, including sporting competitions, conferences, school field trips, weddings, and more. The main types of charter bus services are long-distance charter services and local charter services. Long-distance travel refers to journeys taken by any means, such as a personal automobile, an airplane, a bus, a railway, or a ship, and for any reason, including commuting, business, pleasure, or a family or personal matter. These are distributed through various distribution channels such as direct sales, and distributors, and are used by various end-users such as businesses or corporates, and individuals. The global charter bus services market is segmented - 1) By Type: Long-Distance Charter Services, Local Charter Services 2) By Distribution Channel: Direct Sales, Distributor 3) By End-User: Business Or Corporates, Individuals The global charter bus services market size is expected to grow from $54.26 billion in 2022 to $58.99 billion in 2023 at a compound annual growth rate (CAGR) of 8.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global charter bus services market size is expected to reach $76.89 billion in 2027 at a CAGR of 6.8%. The growing population in corporate sectors is expected to boost the growth of the charter bus services market going forward. The corporate sector refers to the part of an economy that is made up of private enterprises. Charter buses make it simple for businesses to plan schedules and manage travel, ensuring that every staff member arrives at the appropriate location on time, as a result, the growing population in corporate sectors increases the demand for the charter bus services market. For instance, in July 2022, according to United States Department of Labor published data, employment in the private sector was 116244 (in thousands) in June 2020, rising to 129765 (in thousands) in June 2022. Therefore, the growing population in corporate sectors is driving the growth of the charter bus services market. Major players in the charter bus services market are Barons Bus Inc., Chinook Charter Services, Trailways, Golden Touch Transportation, Northwestern Stage Lines, School Bus Inc., Transportation Charter Services, FirstGroup Plc., Wisconsin Coach Line, Coach USA, Dousman Transport Co. Inc., Gogo Charters LLC, Durham School Services, Quality Assurance Travel, King Charters, and Rukstela Charter Services. Product innovation is the key trend gaining popularity in the charter bus services market. Major companies operating in the charter bus services market are focusing on developing charter bus services. For instance, in November 2022, CharterUP, a US-based fully-integrated marketplace for charter bus reservations company, launched corporate shuttle service, a new platform for booking and managing staff transportation daily. CharterUP's technology-enabled white-label mobile app enables Fortune 500 organizations to monitor detailed rider data and live trip tracking. Further, employees can check available shuttle schedules, pickup locations, request rides, and track shuttles in real-time from their mobile devices. In July 2022, DATTCO, a US-based provider of commercial and school bus transportation services, acquired Flagship Bus for an undisclosed amount. Flagship Trailways' acquisition is anticipated to enable DATTCO to increase service offerings and DATCCO is eager to welcome the Flagship team and work with them to provide a larger range of transportation options to the market in Rhode Island and southeastern Massachusetts. Flagship Bus is a US-based company that offers receptive services, custom tours, and charter services. Europe was the largest region in the charter bus services market in 2022. The regions covered in the global charter bus services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the charter bus services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The charter bus services market includes revenues earned by entities through corporate event shuttles, daily employee office shuttles, shuttles between weddings, rental for religious services and special events, and other related services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The charter bus services market research report is one of a series of new reports from The Business Research Company that provides charter bus services market statistics, including charter bus services industry global market size, regional shares, competitors with a charter bus services market share, detailed charter bus services market segments, market trends, and opportunities, and any further data you may need to thrive in the charter bus services industry. This charter bus services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Air cargo services are a mode of transportation that uses aircraft, such as planes and helicopters, to provide contract air transportation of cargo and mail over fixed international routes due to their ability to supply consumers all over the world with high-quality goods at reasonable prices. The main types in the air cargo services market are air mail and air freight. Airfreight involves the transportation of cargo and mail through an air carrier. The market is also segmented by destination into domestic and international and by service into express and regular. It is also segmented by end-user into consumer electronics, retail, third-party logistics, food and beverages, pharmaceuticals and healthcare, and others. The global air cargo services market is segmented - 1) By Type: Air Mail, Air Freight 2) By Destination: Domestic, International 3) By End-User: Consumer Electronics, Retail, Third Party Logistics, Food And Beverages, Pharmaceuticals And Healthcare, Other End Users 4) By Service: Express, Regular The global air cargo services market size grew from $61.73 billion in 2022 to $65.5 billion in 2023 at a compound annual growth rate (CAGR) of 6.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The air cargo services market is expected to grow to $81.29 billion in 2027 at a CAGR of 5.5%. Air cargo companies are increasingly using block chain technology to improve efficiency, minimise losses, and prevent damage to cargo. Block chain technology allows air cargo companies to digitally track and record the change of custody for airline cargo containers, or Unit Load Devices (ULDs), as they journey between destinations. For instance, the block chain in Transport Alliance (BiTA) is pushing for a standardised implementation in the logistics industry. Large industry players such as UPS, FedEx, DHL, and Union Pacific have signed on with BiTA. Sita, an air transport communications and information technology company, estimates the possibility of using block chain technology to save $400 million a year for the air cargo industry. Major companies in the air cargo services market include Cathay Pacific Cargo, FedEx, The Emirates Group, United Parcel Service, and DHL Aviation. Asia-Pacific was the largest region in the air cargo services market in 2022. North America was the second largest region in the air cargo services market. The regions covered in the air cargo services market analysis are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the air cargo services market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The air cargo services market includes revenues earned by entities by transporting goods and couriers at high speeds to enhance less time-consuming delivery without the need for warehouse and storage facilities. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The air cargo services market research report is one of a series of new reports from The Business Research Company that provides air cargo services market statistics, including air cargo transport services industry, global air cargo services market size, regional shares, competitors with an air cargo transport services market share, detailed air cargo transport services market segments, market trends and opportunities, and any further data you may need to thrive in the air cargo transport services industry. This air cargo transport services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

Air transport is the transportation of people and goods using any vehicle capable of sustained controlled aircrafts such as aeroplanes and helicopters that provide both scheduled and non-scheduled air carriers to provide fast delivery of goods, reduced travel time with enhanced security, and reduced the risk of lost goods. The main types of air transports are passenger air transport, chartered air transport, and air cargo services. The chartered air transport services include both public and private chartered services that provide passengers with air transportation. The market is segmented by distance into long-distance and short-distance and by end-use into private and commercial. The global air transport market is segmented - 1) By Type: Passenger Air Transport, Chartered Air Transport, Air Cargo Services 2) By Distance: Long-Distance, Short-Distance 3) By End-Use: Private, Commercial Subsegments Covered: Domestic Air Passengers, International Air Passengers, Passenger Chartered Air Transport, Freight Chartered Air Transport, Others - Chartered Air Transportation, Air Mail, Air Freight The global air transport market size grew from $714.49 billion in 2022 to $985.6 billion in 2023 at a compound annual growth rate (CAGR) of 37.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The air transport market is expected to grow to $1250.41 billion in 2027 at a CAGR of 6.1%. The use of analytics is rapidly growing in the aviation industry to capture critical insights from customer and operations data. It allows airlines to offer personalised services to their customers by using data analytics tools at every customer touchpoint. The growing use of analytics in the aviation industry is mainly a result of increasing competition between airlines. As a result, commercial airlines are looking to enhance customer satisfaction levels by analysing parameters such as ticket sales, passenger profile, and purchase history. For instance, Chicago-based United Airlines analyses 150 variables in a customer profile to offer a more personalised offer. Southwest Airlines, Delta Airlines, and United Airlines are major companies using analytics in the aviation industry. Major companies in the air transports market include The Emirates Group, China Airlines, American Airlines Group Inc., Delta Air Lines Inc., United Airlines Inc., China Southern Airlines, Qatar Airways Company Q.C.S.C, Air France–KLM, and Lufthansa Group. Asia-Pacific was the largest region in the air transport market in 2022. North America was the second largest region in the air transport market. The regions covered in the air transport market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the air transport services market analysis are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The air transport market includes revenues earned by entities by providing transportation services for fast delivery of goods and services in business operations and emergencies. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The air transport market research report is one of a series of new reports from The Business Research Company that provides air transport market statistics, including air transport industry global air transport market size, regional shares, competitors with an air transport services market share, detailed air transport market segments, market trends and opportunities, and any further data you may need to thrive in the air transport services industry. This air transport market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The aircraft maintenance, repair, and overhauling services refer to maintain, repair, and overhaul services of aircraft, including helicopters, gliders, drones, aircraft turbines, aircraft engines, and rocket engines. The aircraft maintenance, repair, and overhauling services market includes sales of spare parts to end consumers by aircraft MRO providers that are used during the aircraft MRO activities. The main types of aircraft maintenance, repair, and overhaul services are commercial aircraft MRO services; commercial helicopters MRO services; commercial gliders and drones MRO services; aircraft turbines MRO services; aircraft engines MRO services; and rocket engine MRO services. Rocket engine MRO services include maintenance, repair, and overhaul services for rocket engines. The aircraft is divided into the engine, cabin interior, airframe, avionics, and others, and the various sizes include wide-body, narrow-body, regional, and others. The services are used for an annual maintenance contract, individual projects, and others. The global aircraft maintenance, repair and overhauling services market is segmented - 1) By Type: Commercial Aircrafts MRO Services, Commercial Helicopters MRO Services, Commercial Gliders and Drones MRO Services, Aircraft Turbines MRO Services, Aircraft Engines MRO Services, Rocket Engines MRO Services 2) By Aircraft Division: Engine, Cabin Interior, Airframe, Avionics, Others 3) By Size: Wide-Body, Narrow-Body, Regional, Others 4) By Service Type: Annual Maintainance Contract, Individual Works, Others The global aircraft maintenance, repair and overhauling services market size will grow from $56.46 billion in 2022 to $67.47 billion in 2023 at a compound annual growth rate (CAGR) of 19.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of aircraft maintenance, repair and overhauling services is expected to grow to $76.87 billion in 2027 at a CAGR of 3.3%. Rapid advances in wireless technology and miniaturization (which refers to designing smaller components for equipment) are expected to drive innovation in the defense market, thus driving the market during the forecast period. Furthermore, technologies such as 3D printing, artificial intelligence, and big data analytics are being used during the manufacturing process, resulting in higher productivity, lower operating costs, and higher margins. Lower operating costs lead to higher margins. This allows companies to expand production and increase product portfolios, thus driving the growth of the aircraft maintenance, repair, and overhauling services market. Major companies in the aircraft maintenance, repair, and overhauling services market include General Electric Company, The Boeing Company, Rolls-Royce Holdings plc, Honeywell International Inc., Lufthansa Group, Safran SA, MTU Aero Engines AG, General Dynamics, BBA Aviation plc and Bombardier Inc. Rising cyber-attacks on the confidential data transferred through sensitive paths in the value chain of the aerospace industry are expected to be a restraint on the aircraft maintenance, repair, and overhauling services market in the forecast period. Companies involved in the value chain of aircraft maintenance, repair, and overhauling services exchange a lot of confidential data on specifications, technology, and performance of equipment or services to enhance collaborations on design, development, and support. The data exchanged within the supply chain can be stolen and used by unethical competitors to copy products and reduce market prices for the products. To eliminate the threat, companies in the aerospace industry invest in next-generation cyber security solutions to protect their data from advanced cyber-attacks. For example, leading players such as Lockheed Martin are investing in developing cyber security solutions with offensive and defensive capabilities. Cyber-attacks by governments of enemy countries or competitors are expected to hinder the growth of the aircraft maintenance, repair, and overhauling services market. Digital thread and digital twin are two interlinked concepts trending in the aircraft parts manufacturing, repair, and maintenance market. The digital thread is a communication framework that allows connected data flow throughout the lifecycle and across functions such as design, engineering, production, and maintenance, providing an integrated, authoritative, up-to-the-minute view of the asset's data that can be accessed at anytime, anywhere. A digital twin includes design specifications and engineering models describing its geometry, materials, parts, and behavior, which give a digital model of a particular product. Both concepts analyze data captured digitally from end-to-end throughout a product's lifecycle, beginning with design and extending through maintenance, repair, and overhaul to improve the performance of future programs. In aircraft maintenance complexity, this helps in maintaining digital records, minimizing downtime, and streamlining regulatory compliance. Asia-Pacific was the largest region in the aircraft maintenance, repair and overhauling services market in 2022. Eastern Europe is expected to be the fastest growing region. The regions covered in the aircraft maintenance, repair and overhauling services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the aircraft maintenance, repair, and overhauling services market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The aircraft maintenance, repair, and overhauling services market consists of revenues earned by entities by providing aircraft maintenance, repair, and overhauling services to aircraft, and aircraft components such as helicopters, gliders, drones, and aircraft turbines. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The aircraft maintenance, repair and overhauling services market research report is one of a series of new reports from The Business Research Company that provides aircraft maintenance, repair, and overhauling services market statistics, including aircraft maintenance, repair, and overhauling services industry global market size, regional shares, competitors with an aircraft maintenance, repair, and overhauling services market share, detailed aircraft maintenance, repair, and overhauling services market segments, market trends and opportunities, and any further data you may need to thrive in the aircraft maintenance, repair, and overhauling services industry. This aircraft maintenance, repair, and overhauling services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Freight chartered air transport is a mode of transportation that uses aircraft, such as planes and helicopters, to provide chartered (non-scheduled) air transportation services for passengers and/or cargo for a fee per mile or hour for the charter of the aircraft, which includes renting an aircraft for a tour. The main cargo types in the freight chartered air transport services market are time-critical cargo, heavy and outside cargo, dangerous cargo, animal transportation, and others. Dangerous cargo involves the shipment of substances that are at a risk to health, property, safety, or the environment. The market is segmented by application into private use and commercial use and by end-use into wealthy individuals, sports teams, and large corporations. The global freight chartered air transport market is segmented - 1) By Cargo Type: Time Critical Cargo, Heavy And Outside Cargo, Dangerous Cargo, Animal Transportation, Other Cargo Types 2) By Application: Private Use, Commercial Use 3) By End Use: Wealthy Individuals, Sports Teams, Large Corportations The global freight chartered air transport market size will grow from $23.80 billion in 2022 to $26.58 billion in 2023 at a compound annual growth rate (CAGR) of 11.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global freight chartered air transport is expected to grow to $40.24 billion in 2027 at a CAGR of 10.9%. The growing need for urgent shipment of dangerous goods and hazardous materials is expected to drive the freight chartered air transport market. Sensitive freight with dangerous goods includes explosives, highly flammable gases, radioactive materials, and military items. Toxic and infectious substances require a special skill set and expert knowledge for shipping the goods. These goods are transported through chartered cargo to avoid explosions and contamination. For instance, the Federal Aviation Administration (FAA) of the USA granted the authority for chartered cargo services along with training for all employees, in the form of a part-135 certificate, to operate on demand under an FAA-approved hazardous materials program. Urgent shipment of dangerous goods and hazardous materials is therefore expected to drive freight chartered air transport market growth. Major players in the freight chartered air transport services market are Air Charter Service, Air Transport Services Group Inc., Stratos Jet Charters Inc., Cargo Air Chartering, Cathay Pacific Airways Ltd., Air Partner, and Fliteline. High prices associated with charter cargo flight services are expected to hamper the freight chartered air transport market. The cost of the cargo charter depends on many factors, such as origin and destination points, the type of commodity shipped, dimensions, and weights. For instance, the freight and logistics prices are above $500,000 for an Asia-Europe A330 charter and above $21 per kilogramme on transatlantic routes for some urgent shipments. Additionally, the cost of a B777 or B747 carrying 100 tonnes of cargo was $470,000 earlier, which is now costing between $850,000 and $1 million for a round trip with e-commerce goods and general cargo from Europe to China. Therefore, the skyrocketing cost of freight charter services is expected to hamper the freight chartered air transport services market. The companies in the freight chartered air transport market are focusing on the use of blockchain technology to improve logistics in multiple sectors. Blockchain is a shared, immutable ledger that facilitates the process of recording transactions and tracking assets in a business network. For example, in September 2020, AirAsia, a Malaysia based multinational airline, launched its blockchain-based air cargo network, Freightchain, to help uncover all available cargo network connections operated by airlines and then facilitate bookings in real-time via bids that are verified instantly on the blockchain. North America was the largest region in the freight chartered air transport services market in 2022. Asia-Pacific was the second largest region in the global freight chartered air transport services market. The regions covered in the global freight chartered air transport services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the freight chartered air transport market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The freight chartered air transport market includes revenues earned by entities by ensuring that their cargo has exclusive use of the entire sailing or flight, with guaranteed security and departure/arrival times. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The freight chartered air transport services market research report is one of a series of new reports from The Business Research Company that provides freight chartered air transport services market statistics, including freight chartered air transport services industry global market size, regional shares, competitors with a freight chartered air transport services market share, detailed freight chartered air transport services market segments, market trends and opportunities, and any further data you may need to thrive in the freight chartered air transport services industry. This freight chartered air transport services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Passenger chartered air transport service refers to a mode of transportation for people that uses aircraft, such as planes and helicopters, to provide air transportation services for passengers, including non-scheduled(non-scheduled) air carriers, to facilitate fast travel with improved security and to be used in emergency operations. The main types of passenger-chartered air transport covered in this report are private charter services and business charter services. Private charter services involve situations in which an individual can rent an entire aircraft from a commercial airline. It is also segmented by size into light jets, mid-sized jets, large jets, and airliners. The market covered is segmented by capacity into less than 10, 10-100, and greater than 100. The global passenger chartered air transport market is segmented - 1) By Type: Private Charter Services, Business Charter Services 2) By Size: Light Jets, Mid Sized Jets, Large Jets, Air Liner 3) By Capacity: Less than 10, 10-100, Greater than 100 The global passenger chartered air transport market size will grow from $49.14 billion in 2022 to $52.62 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global passenger chartered air transport is expected to grow to $66.83 billion in 2027 at a CAGR of 6.2%. The increasing preference for private charters by ultra-high net worth individuals (UHNWI) is expected to drive the global passenger-chartered air transport market. Most UHNWI are inclined towards private charters rather than owning jets. In the Asia-Pacific, Australia leads the market with 57 charter jets for 27 billionaires, followed by Singapore, which has 30 charter jets for 28 billionaires. The prevalence of COVID-19 has also supported the growth of the market as the individual’s travelling had to maintain social distance and the UHNWIs were looking for safe and customised travel options. The growing preference for private charters has contributed to the growth of the passenger-chartered air transport market. Major players in the passenger chartered air transport market are Air Charter Service Group Ltd., Air Partner PLC., Asia Jet Partners Ltd., ASIAN SKY GROUP, Delta Private Jets, Inc., Flexjet LLC., Gama Aviation PLC., GlobeAir AG, NetJets Aviation Inc., and XO Global LLC. Fluctuating fuel prices are expected to hinder the growth of the passenger-chartered air transport market. An increase in fuel prices increases the operating costs of charter flights, which increases the rental price of charter flights. For instance, in November 2022, according to a report published by the Poynter Institute, a US-based research organization, the jet fuel price will increase from $2.3 per gallon at the end of 2021 to at least $3.45 per gallon across the globe. Therefore, sudden fluctuations in price are expected to impact the growth of the passenger-chartered air transport market. A custom luxury vacation tour by chartered jet is a major trend gaining popularity in the global passenger chartered air transport market. People are prioritising travel, adventures, and unique experiences, and private chartered jet services are offering customised tours for groups of travellers on round-the-world tours as well. For instance, Abercrombie & Kent (A&K), a luxury travel company that provides round-the-world tours on all-first-class airliners, is now offering personalised tours through bizjet for up to 16 passengers. In March 2020, Wheels Up, a leader in total aviation solutions, acquired Gama Aviation for an undisclosed amount. The acquisition will increase Wheels Up’s fleet with more than 300 planes owned and operated. Gama Aviation is a leading private aviation services company that provides aircraft management, private jet charter, and ancillary support for its managed aircraft. North America was the largest region in the passenger chartered air transport market in 2022. Asia-Pacific was the second largest region in the global passenger chartered air transport market share. The regions covered in the global passenger chartered air transport market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the passenger chartered air transport market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The passenger air transport services market includes revenues earned by entities that transport passengers from one location to another in a short period of time while also improving security. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The passenger chartered air transport market research report is one of a series of new reports from The Business Research Company that provides passenger chartered air transport market statistics, including passenger chartered air transport services industry global market size, regional shares, competitors with a passenger chartered air transport market share, detailed passenger chartered air transport market segments, market trends and opportunities, and any further data you may need to thrive in the passenger chartered air transport services industry. The passenger chartered air transport market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Chartered air transport is a mode of transportation that uses aircraft, such as planes and helicopters, to provide chartered (non-scheduled) air transportation services for passengers and/or cargo for a fee per mile or hour for the charter of the aircraft, which includes renting an aircraft for a tour. The main types in the chartered air transportation market are passenger charter air transport, freight charter air transport, and other chartered air transport. Passenger chartered air transport uses aeroplanes and helicopters to provide chartered (non-scheduled) air transportation services for passengers. The market is also segmented by application into private charter, affinity, single entity, and public charter, and by end-use into wealthy individuals, sports teams, and large corporations. The global chartered air transport market is segmented - 1) By Type: Passenger Chartered Air Transport, Freight Chartered Air Transport, Other Chartered Air Transport 2) By Application: Private Charter, Affinity, Single Entity, Public Charter 3) By End Use: Wealthy Individuals, Sports Teams, Large Corportations The global chartered air transport market grew from $79.16 billion in 2022 to $85.9 billion in 2023 at a compound annual growth rate (CAGR) of 8.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The chartered air transport market is expected to grow to $115.78 billion in 2027 at a CAGR of 7.7%. Technology is expected to be a continued driver of the chartered air transportation services market's growth during the forecast period. Sectors such as transportation services will benefit from the greater efficiencies offered by technological advances. Technologies such as aircraft telematics relay engine information via satellite to manufacturers and maintenance teams on the ground to minimise time on the tarmac, reducing flight turnaround times and increasing the efficiencies of airlines. Several technologies such as big data, machine learning, and predictive analytics are also being used to increase efficiencies and align business strategies. Big data uses a combination of real-time information, historical trends, and clever algorithms to translate car speeds, weather conditions, and sources of acceleration and deceleration for road operators. Adoption of technology will drive the chartered air transport industry going forward. Major companies in the chartered air transport market include Atlas Air Worldwide Holdings, TUI Airways, NetJets, Garuda Indonesia, Air Transport Services Group, Jet edge International, Air Partner, Gama Aviation, and Thai Airways International Public Co. Ltd. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the chartered air transport market in 2020. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and has spread globally, including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity with countries entering a state of "lock down" and the outbreak harmed businesses throughout 2020 and 2021. However, it is expected that the market will recover from the shock. Airlines are actively making use of wearable technology to enhance operational efficiency, maintenance, and to provide add-on entertainment to passengers. Wearable technology includes the use of smartphones, personal electronic devices, smart glasses, smartwatches, near-field communication (NFC), and Bluetooth technology to improve and simplify the passenger experience. These technologies help passengers improve safety and efficiency, and receive updates and information related to their flight. They are capable of helping pilots, crew members, and maintenance teams monitor gas concentrations, levels of noise, and temperature to avoid mishaps. Smartwatches allow passengers to upload their ticket-related information on these devices. About 77% of the 6,000-plus passengers surveyed in a study said they would be comfortable with the use of wearable technology to help them during their journey. Some companies making use of such wearable technologies include Virgin Atlantic, Japan Airlines, EasyJet, and British Airways. North America was the largest region in the chartered air transport services market in 2022. Asia-Pacific was the second largest region in the chartered air transport market. The regions covered in the chartered air transport market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the chartered air transport market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The chartered air transport market includes revenues earned by entities by ensuring that their cargo has exclusive use of the entire sailing or flight, with guaranteed security and departure/arrival times. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The chartered air transport market research report is one of a series of new reports from The Business Research Company that provides chartered air transport market statistics, including chartered air transports industry, global chartered air transport market size, regional chartered air transport shares, competitors with a chartered air transport market share, detailed chartered air transport market segments, chartered air transport market trends and opportunities, and any further data you may need to thrive in the chartered air transport services industry. This chartered air transport market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Yacht charter refers to a contract for the provision of sailing or motor yachts on a temporary basis. The charterer, or ship owner, hires out his ship for a price. The skipper of the yacht does not have to be the person who charters the yacht. These are used for a specific period of time as a part of marine tourism for luxurious experiences. The main types of yacht charter are motorized yachts, sailing yachts, and other types. A sailing yacht refers to a small boat that uses wind power to propel it forward. The contract includes bareboat charter, and crewed charter. The various sizes include large, medium, and small and are used in vacation or leisure, sailing, and other applications. The global yacht charter market is segmented – 1) By Type: Motorized Yacht, Sailing Yacht, Other Types 2) By Contract: Bareboat Charter, Crewed Charter 3) By Size: Large, Medium, Small 4) By Application: Vacation/ Leisure, Sailing, Other Applications The global yacht charter market size will grow from $13.51 billion in 2022 to $14.94 billion in 2023 at a compound annual growth rate (CAGR) of 10.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of yacht charter market is expected to grow to $22.02 billion in 2027 at a CAGR of 10.2%. The growing popularity of luxury marine tourism is expected to propel the growth of the yacht charter market going forward. Marine tourism refers to leisure endeavors entailing travel away from one's home and having the marine environment as their host or main focus. Yacht charters are widely used as a premium form of marine tourism for luxurious and tremendous experiences. For instance, according to India.com, an India-based news portal, the luxury cruise tourism, the industry has seen a 50% increase in growth. The total number of cruise calls on Chennai, Cochin, Mumbai, Mangalore, and Mormugao was 285 in 2019 and is expected to climb to 593 in 2020. Therefore, the growing popularity of luxury marine tourism is driving the growth of the yacht charter market. Major players in the yacht charter market are Northrop & Johnson, Yachtico Inc., Sailogy S.A., Burgess, Princess Yacht Charter, Fraser Yacht, Beneteau S.A, Sunseeker International Ltd., The Moorings Limited, Camper & Nicholsons International Ltd., Sunsail Worldwide Sailing Ltd., Argo Nautical Limited, Kiriacoulis Mediterranean Cruises Shipping S.A., Boat International Media Ltd and Le Boat. Product innovations are a key trend gaining popularity in the yacht charter market. Major companies operating in the yacht charter market are focused on developing new product innovation solutions to strengthen their position in the market. For instance, in April 2022, Sunseeker, a UK-based luxury motor yacht manufacturer, launched a 30m Sunseeker 100 that started a new era in flybridge design and functionality for the British yard. This was the first 29.85-meter sunseeker consisting of unique entertainment features at the fore, the sweeping flybridge, with complete walk-around access from bow to stern, which is one of the exceptional entertainment areas that define the 100 Yacht. In April 2022, Northrop & Johnson, a US-based superyacht brokerage and charter firm, acquired Superyacht Management Company SYM for an undisclosed amount. This transaction increases the range of superyacht services offered by Northrop & Johnson and establishes the firm as a full-service brokerage handling all facets of superyacht ownership. Superyacht Management Company SYM is a France-based provider of services focused on the operational and management side of owning a superyacht. Europe was the largest region in the yacht charter market in 2022. North America is expected to be the fastest growing region in the forecast period. The regions covered in yacht charter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the yacht chartermarket report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The yacht charter market includes revenues earned by entities by chartering a motor yacht to make a profit off of the investment. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The yacht charter market research report is one of a series of new reports from The Business Research Company that provides yacht charter market statistics, including yacht charter industry global market size, regional shares, competitors with a yacht charter market share, detailed yacht charter market segments, market trends and opportunities, and any further data you may need to thrive in the yacht charter industry. This yacht charter market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.