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Global Air Cargo Growth Opportunities
Global Air Cargo Growth Opportunities
Increased Focus on Digitalization, Sustainable Operations, and Building Resilient Supply Chains will be the Key to Enhancing Future Growth Potentia
16-Dec-2021
Global
Description
This study analyzes the impact of the COVID-19 pandemic on the air cargo industry. It also examines the growth in air cargo between 2020 and 2022 and identifies the trends driving this growth. The impact of past crises on global trade has also been presented. The study also highlights the leading stakeholders in the industry, such as carriers, air freight forwarders, airports, and aircraft. The key trends in the market are digitalization, autonomous operations, and sustainability. Air cargo volumes dipped significantly in 2020, largely due to the pandemic-induced mass cancellations of passenger flights. Halts in manufacturing in key regions also contributed to this decline. Moreover, critical supplies, such as vaccines, medical equipment, protective gear, etc., were prioritized by air freights.
Airports are a critical component for ferrying cargo. Since restrictions have begun to lift, governments have collaborated with logistic industry stakeholders to accelerate processes, such as customs and good clearances, and ease bottlenecks in the value chain. Governments and regulators have been working with the aviation industry to ensure seamless and quick operations. Since 2020, there has been a significant rise in demand for passenger-to-freight conversions. Aviation stakeholders have responded to this demand by enhancing their capabilities. The growth in eCcommerce is a key driver for this growth. The major stakeholders in the market, such as Amazon, FedEx, DHL, and UPS, have been increasing their capacities over the recent years.
Key Issues Addressed:
- How are passenger airlines reacting to this sudden boost in air cargo demand? Is there potential for passenger carriers to invest more in air cargo operations or carve out an independent cargo segment?
- What have been the changes in belly-cargo loads in passenger carriers and loads in cargo carriers?
- Has there been an uptick in aircraft conversions (passenger to cargo)?
- Did the sudden increase in demand strain existing processes? How did digitalization help in improving these processes? Which are the key areas for digitalization for air cargo operators?
- What impact has the pandemic had on digitalization initiatives?
- What are the key process inefficiencies in air cargo? What are the possible (digital) solutions for such efficiencies?
- Which are the key startups developing niche solutions in the market, especially in the autonomous operations and sustainability segments?
- What are the major growth opportunity areas for the air cargo market?
RESEARCH: INFOGRAPHIC
This infographic presents a brief overview of the research, and highlights the key topics discussed in it.Click image to view it in full size
Table of Contents
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Post-pandemic Global Air Cargo Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Logistics & Air Cargo Value Chain
Global Trade & Logistics—Past Crises Impact
Global Logistic Segments—Air Freight
Global Air Freight Traffic—2010–2022
Air Freight Carriers
Air Freight Forwarders
Air Freight Airports
Air Cargo Fleets
Air Cargo Fleets (continued)
Air Cargo Emissions
The Pandemic’s Impact on Aviation Stakeholders
The Covid-19 Pandemic’s Impact on Aviation Stakeholders (Continued)
The Pandemic’s Impact on Aircraft Conversions
Digitalizing Air Cargo Operations
Technological Trends
Technological Trends (continued)
Government Support for Aviation Regions
Government Support for Aviation Regions (Continued)
Adjacent Air Cargo Developments
Growth Drivers for Global Air Cargo Market—Post-pandemic
Growth Restraints for Global Air Cargo Market—Post-pandemic
Growth Opportunity 1: Increased Investments in Air Cargo Operations to Increase Business Resilience, 2021
Growth Opportunity 1: Increased Investments in Air Cargo Operations to Increase Business Resilience, 2021 (continued)
Growth Opportunity 2: Autonomous Capability and Digitalization to Reduce Operational Costs, 2021
Growth Opportunity 2: Autonomous Capability and Digitalization to Reduce Operational Costs, 2021 (continued)
Growth Opportunity 3: Alternate Propulsion Systems and Sustainability Best Practices to Reduce Missions, 2021
Growth Opportunity 3: Alternate Propulsion Systems and Sustainability Best Practices to Reduce Missions, 2021 (continued)
List of Exhibits
List of Exhibits (continued)
Legal Disclaimer
Popular Topics
Key Issues Addressed:
- How are passenger airlines reacting to this sudden boost in air cargo demand Is there potential for passenger carriers to invest more in air cargo operations or carve out an independent cargo segment
- What have been the changes in belly-cargo loads in passenger carriers and loads in cargo carriers
- Has there been an uptick in aircraft conversions (passenger to cargo)
- Did the sudden increase in demand strain existing processes How did digitalization help in improving these processes Which are the key areas for digitalization for air cargo operators
- What impact has the pandemic had on digitalization initiatives
- What are the key process inefficiencies in air cargo What are the possible (digital) solutions for such efficiencies
- Which are the key startups developing niche solutions in the market, especially in the autonomous operations and sustainability segments
- What are the major growth opportunity areas for the air cargo market
| No Index | No |
|---|---|
| Podcast | No |
| Author | Abhilash Varkey Abraham |
| Industries | Aerospace, Defence and Security |
| WIP Number | PC7B-01-00-00-00 |
| Is Prebook | No |
| GPS Codes | 9000-A1 |